Seychelles, Seychelles, December 13th, 2024,
Chainwire
The native token of the Movement Network, $MOVE, which was launched
on December 9, 2024, outpaced its price of $1.45 after the release.
As an innovative blockchain ecosystem based on a Move programming
language, the Movement Network is going to integrate its ecosystem
with $MOVE tokens right after the launch of its mainnet. Currently,
BYDFi has officially listed $MOVE, showing deep
insight into the development of blockchain technology and being
forward-looking in terms of market positioning.
$MOVE: A Token Economy Built on Core Blockchain Security
Technology
The Movement Network is the first blockchain ecosystem built on
the Move programming language. This language developed by
Meta's (formerly Facebook) cryptography team, fundamentally
redefines how secure, modular, and verifiable smart contracts are
written. One of the major challenges in blockchain development
today is the security of smart contracts, with billions of dollars
lost annually due to exploit vulnerabilities. Move provides
developers with a safer and more predictable development
environment, aiming to reduce the risk of vulnerabilities while
lowering the resource costs required to maintain on-chain
security.
Co-founders of Movement Labs are former Aptos engineer Rushi
Manche and blockchain entrepreneur Cooper Scanlon. The team members
have hailed from leading blockchain projects, including Biconomy,
Sui/Mysten Labs, and Fluid Finance. Drawing on experience in the
field of blockchain development and fin-tech, the team is committed
to the security, scalability, and transaction finality of
Ethereum.
After announcing the Movement Network's Public Mainnet, the
public chain of the Move language, the $MOVE token becomes core in
the ecosystem:
• Cybersecurity Pledge: Verifiers pledge
$MOVE to guarantee network security and get rewards.
• Transaction Fees: The gas fees are
covered by $MOVE within the Movement Network for barrier-free
transactions.
• Governance Participation: Token holders
can participate in governance; thus, they have a say in the future
of the network.
These utilities make $MOVE quite substantial and an important
factor within the Movement Network for users and investors.
Market Volatility: $MOVE Token
Per data from Coingecko, the token of $MOVE is up 4.7% in the
last 24 hours, trading at 0.7053 dollars at the time of writing,
with a total trading volume of 6.516 billion dollars. The
circulating supply of the token is 2.3 billion with a fully diluted
valuation close to 10 billion dollars. The ability of $MOVE to defy
the course of the market is a consequence of the technical
advantages of the Move programming language, as mentioned above,
and due to several other factors:
1. Potential as an Infrastructure Token:
Similar to $ETH, the core asset of the
Ethereum ecosystem, $MOVE plays a critical role in the operation of
its entire ecosystem. Although the market performance of such
tokens might be volatile in the early stages, it tends to stabilize
and show growth potential when the underlying technology and
ecosystem mature. Consequently, $MOVE aims to be one of the
essential assets in the blockchain space.
2. Community Building to Amplify
Influence:
Community development is a high priority to the Movement Labs
team, hence the airdrop event of $MOVE. This was for rewarding some
of the earliest adopters and for bringing new users into its
ecosystem in order to expand the sphere of influence and activities
of the community.
3. Strength Built Through Multiple Funding
Rounds:
Thus far, the Movement team has completed three rounds of
funding and acquired 41.4 million dollars in total. With
investments from institutions such as Polychain Capital, Hack VC,
Aptos Labs, and Primitive Ventures, this project obtained further
momentum. Among these, Primitive Ventures co-founder Dovey Wan
overthrew the original decision by the team to forgo investment in
it; reevaluating, she bet on this "dark horse".
While high volatility has hit leading cryptocurrencies in the
wider market, the $MOVE token has gained interest among crypto
investors due to its outlook on its ecosystem. Influencers such
as @nihilus_XBT and @CryptoProject6 have
shown optimism in the future direction of $MOVE.
Presently, users can monitor $MOVE's market trends in real-time
on the BYDFi, and actively participate in spot trading. BYDFi will
soon launch "BYDFi Copy Trading" to
facilitate seamless access to crypto trading. These ultimately
allow beginners and busy investors to invest in markets. BYDFi is
dedicated to providing users with crypto trading experience.
About BYDFi
Founded in 2020, BYDFi has established
itself around the world based on the principle of making things
easy for customers and bringing an innovative spirit. Featured in
Forbes' top 10 for best crypto exchanges,
BYDFi operates the largest spot trading area for more than 600
tokens and flexible use of 1x to 200x leverage. Ease of purchasing
cryptocurrencies due to partnerships with leading payment services
providers, Banxa, Transak, and Mercuryo for a fraction of the cost and accessibility.
Official website: https://www.bydfi.com
Online customer service: CS@bydfi.com
Business cooperation: BD@bydfi.com
Media contact: media@bydfi.com
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Contact
Senior Marketing
Director
Chloe
BYDFi
Fintech
LTD
chloe@bydfi.com