Innovative Mainnet Beta Launch
Movement Network has launched its mainnet beta, marking the first phase of its blockchain infrastructure rollout. This phase includes deploying critical components such as follower nodes, RPC nodes, and indexers to support the network’s development and functionality.Ethereum-Integrated Technology
Built on the Move programming language, Movement emphasizes enhanced security and transaction finality. The network leverages Ethereum for added security while utilizing its proprietary “post-confirmation” technology to deliver rapid finality for transactions.Tokenomics and Distribution
The Movement Network Foundation detailed the distribution of its 10 billion tokens, with 40% allocated for ecosystem and community initiatives. Early contributors and backers will receive a combined 40%, while the foundation retains 10%. A 10% airdrop, dubbed “MoveDrop,” is set to reward community members and further expand the network’s user base.Backed by Major Funding
Movement Labs, the project’s developer, has raised $38 million in a Series A round led by Polychain Capital, with additional backing from Binance Labs. This funding supports the network’s goal of bridging Ethereum and Move developers to foster a seamless blockchain ecosystem.
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