Movement testnet has ended, and the official announcement of the token $MOVE tokenomics is as follows:
Total Supply: 10 billion $MOVE
Initial Circulating Supply: 22.5%
Token Distribution:
40% for ecosystem and community
10% initial issuance
10% foundation
17.5% early contributors
22.5% early supporters
$MOVE Functions
Gas
Staking validator nodes
Splitting trades
I won't read the other stuff in the press release; you won't look at it anyway.
Here are a few key points:
Move seems to have learned from the experiences of previous failed L2s, opting to issue tokens quickly rather than dragging it out for a few years.
@rushimanche is one of the few North American L1/2 founders I have personally discussed the three-pool theory with. Whether or not it has been truly adopted, using $MOVE as gas and as a trading pair is definitely the right move.
An interesting point is that the Movement mainnet will be compatible with APTOS wallets and addresses @Nightly_app @RazorDAO. If this is the case, APTOS may face tougher times ahead.
That's all, let's go pray to the dragon lady for a good listing!
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