Movement Labs Tokenomics Overview
Full Movement Labs tokenomics breakdown: MOVE token allocation, vesting schedule, supply distribution, unlock dates, and investor terms.
Produced by Tokenomics.com in collaboration with BlackTokenomics.
TGE DateDecember 9, 2024
Max Total Supply10,000,000,000
Total Supply10,000,000,000
Transparency
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MOVE Tokenomics FAQ
Key questions and answers about Movement Labs tokenomics.
What is the utility of the MOVE token?
Movement Labs has 4 primary token utilities:
- Network Security: Validators stake MOVE tokens to confirm correctness of Movement Network's state transitions via a 2/3 supermajority fast-finality settlement mechanism.
- Staking Rewards: Active validators receive MOVE staking rewards from a dedicated reserve within the 40% Ecosystem & Community allocation earmarked for staking rewards.
- Gas Token: MOVE is the native gas token for Movement Network L2; all transaction fees are denominated and paid in MOVE, with a portion used to settle on Ethereum Mainnet.
- Ecosystem Currency: MOVE serves as the native asset across the Movement ecosystem, used for collateral in lending/derivative protocols, liquidity provisioning, and as a payment mechanism within ecosystem dApps.
What is the token allocation for MOVE?
Movement Labs token distribution allocates 10,000,000,000 MOVE across 4 primary stakeholder groups:
- Community: 50.00% (Ecosystem & Community 40.00%, Initial Claims (Airdrop) 10.00%)
- Private Investors: 22.50% (Early Backers 22.50%)
- Insiders: 17.50% (Early Contributors 17.50%)
- Foundation: 10.00% (Foundation 10.00%)
What is the vesting schedule for MOVE?
MOVE uses variable cliffs and vesting schedules that change depending on the allocation:
- Ecosystem & Community: 25.0% at TGE , 60 Month Linear Vesting
- Early Backers: 12 Month Cliff, 36 Month Linear Vesting
- Early Contributors: 12 Month Cliff, 48 Month Linear Vesting
- Initial Claims (Airdrop): 100.0% at TGE
- Foundation: 25.0% at TGE , 12 Month Cliff, 48 Month Linear Vesting
How many MOVE tokens unlock at TGE?
22.5% of the total supply (2,250,000,000 MOVE) is unlocked at TGE, with the tokens split between Community and Foundation.
What is the total supply and circulating supply of MOVE?
Movement Labs has a total supply of 10,000,000,000 MOVE, of which 4,660,416,667 MOVE (46.6% of total) is currently circulating.
What is the token emission schedule for MOVE?
Total length of the full Movement Labs emission schedule is 6 years, with 28.00% released in Year 1, while the remaining 72.00% is released over the following 5 years.
What percentage of MOVE is allocated to the community?
50% of the Movement Labs supply is allocated to community focused pools such as Ecosystem & Community and Initial Claims (Airdrop).
What is Movement Labs (MOVE)?
Movement Labs revolutionizes blockchain scalability and Web3 innovation with the $MOVE token at the heart of its decentralized ecosystem. Designed to drive the Movement Network, $MOVE enhances platform functionality through its multi-faceted utility, establishing itself as a crucial component for developers, users, and DeFi enthusiasts. The $MOVE token operates within a cutting-edge modular blockchain infrastructure, providing unparalleled flexibility for building efficient decentralized applications (dApps). As the native token of the ecosystem, $MOVE facilitates a range of operations including staking for network security, governance participation, and transaction fee payments, ensuring seamless network functionality. Movement Labs also leverages the Move virtual machine (MoveVM), a groundbreaking protocol focused on speed, security, and resource efficiency. This advanced technology underpins the Movement Network, enabling developers to deploy highly scalable, security-oriented smart contracts with ease. The tokenomics surrounding $MOVE ensure a deflationary economic model, integrating staking rewards and transaction fees to incentivize network growth while maintaining sustainability. Positioned as a key enabler for the future of modular blockchains, Movement Labs empowers developers to create frictionless Web3 experiences. Its robust ecosystem connects Layer 1 and Layer 2 networks, enhancing interoperability and making Movement Network a versatile foundation for next-generation blockchain applications. Through comprehensive $MOVE tokenomics, Movement Labs emphasizes decentralization and the empowerment of its community, offering governance rights to token holders for directing the network's future. This collaborative model aligns with the platform’s vision of fostering innovation while maintaining a sustainable and fair economic framework. Dive deeper into Movement Labs and experience the unmatched potential of $MOVE tokenomics, the driving force behind a secure, scalable, and developer-friendly blockchain ecosystem. Learn more about the $MOVE token and its revolutionary ecosystem at [Movement Labs](https://movementlabs.xyz/) and [Movement Network docs](https://docs.movementnetwork.xyz/general/Introduction/introductionToMove).
