Movement Network Foundation announces MoveDrop, airdropping 10% of tokens to the community

Odaily Planet Daily Report, the Movement Network Foundation has announced the MoveDrop airdrop plan, aiming to reward early users and community members of Movement. MoveDrop will allocate 1,000,000,000 $MOVE (10% of the total supply) to the community, with eligible users including: participants, winners, Gmovers, designated communities, and Movement testnet builders. Users can access the MoveDrop website and register, with the deadline being 2:00 PM UTC on December 2, 2024. After the TGE (upcoming), users can check their MoveDrop eligibility and claim the airdrop. Failure to register on time will result in the loss of the MoveDrop claim. Users can choose to receive $MOVE on the Ethereum mainnet or wait for the Movement Network mainnet (upcoming) launch, which will result in a 1.25x reward multiplier. The Movement Network Foundation also stated that they plan to distribute more $MOVE tokens in future events. Previously, the Movement Network Foundation had announced the economic model of the $MOVE token, with a total supply of 10 billion, and an initial circulating supply of around 22%. Of this, 60% of the tokens will be allocated to the community, including the ecosystem and community (40%), initial claims (10%), and the Foundation (10%). The remaining portion is allocated to early contributors (17.5%) and early investors (22.5%).