Movement (MOVE) Price

Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.

What Is Movement?

Movement Network is a cutting-edge Ethereum Layer 2 blockchain designed to bring scalability, security, and interoperability to decentralized networks. Built on the Move programming language, originally designed by Facebook, Movement Network enables developers to create highly secure and efficient blockchain applications. Movement bridges the gap between Move and Ethereum Virtual Machine (EVM) ecosystems, providing developers with high transaction throughput, instant finality, and modular customizations. With backing from major investors like Polychain Capital, Binance Labs, and Placeholder, Movement Network is at the forefront of innovation in blockchain technology.

How Does Movement Work?

Movement Network leverages the Move programming language to enhance the security and efficiency of blockchain applications. The Move language introduces features like resource ownership, static dispatch, and robust transaction safety, making it ideal for decentralized applications. The network operates as a modular Layer 2 solution for Ethereum, enabling developers to deploy Move-based rollups effortlessly. By bridging the Ethereum ecosystem with Move’s technology, Movement fosters interoperability and expands the usability of the blockchain landscape.

Key features include:

Modular Architecture: Allows custom configurations to meet specific application needs.

High Performance: Offers high transactions per second (TPS) and instant finality.

Interoperability: Facilitates seamless integration between Move and EVM-based networks.

Movement Founding Team

Cooper Scanlon (Cofounder):

Cooper is a visionary entrepreneur who pivoted from formal education at Vanderbilt to the blockchain space. His journey began with building SPACDAO vehicles and pioneering yield aggregators using the Move language. Cooper's unique expertise in finance, technical systems, and Web3 innovation drives the strategic direction of Movement Labs.

Rushi Manche (Cofounder):

Rushi brings a strong engineering background, starting his career in databases and system security at UnitedHealth Group. He transitioned to Web3, contributing to Ethereum and Cosmos ecosystems. As a core contributor to the Aptos ecosystem, Rushi gained deep insights into DeFi and blockchain limitations. His work at Movement Labs focuses on democratizing Move and extending its capabilities to Ethereum.

Movement Tokenomics

The native utility token of the ecosystem, $MOVE, plays a vital role in the Movement Network. Represented as an ERC-20 token on Ethereum, $MOVE will also power the native blockchain post-mainnet launch.

Token Distribution:

Ecosystem & Community: 40%

Early Backers: 22.5%

Early Contributors: 17.5%

Initial Claims: 10%

Foundation: 10%

Utility of $MOVE:

Staking Rewards: Validators earn $MOVE for securing the network.

Gas Fees: Used for transactions on the network.

Governance: Facilitates decentralized decision-making.

Payments and Collateral: Powers decentralized applications within the Movement ecosystem.

With a total supply of 10 billion tokens, Movement raised $41.4M in its funding round, showcasing strong market confidence in its vision.

Is Movement a Good Investment?

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