MOVE has airdropped, some are happy and some are sad. Those who are happy are naturally those who have finally reaped the harvest after long-term efforts, and the project party is very generous, with over 900 million tokens used for airdrop incentives, and every participating user is well-rewarded. But the MOVE airdrop tasks are quite difficult, with dozens or even hundreds of interactive tasks, and the number of reposts is countless, which has discouraged many manual farmers. Now MOVE is about to launch The First spot area, as a Layer 2 public chain built on ETH, what is the goal of Movement? Where is the future ecological layout direction? As an investment user, can you continue to participate in the ecological construction of Movement to obtain more generous subsequent returns?
I. What is Movement?
Movement Labs was founded in 2023, led by Aptos software engineer Rushi Manche and blockchain entrepreneur Cooper Scanlon, and received a $3.4 million Pre-Seed round led by Varys Capital and dao5 at its inception, and has since launched the Movement SDK to provide a secure and high-performance Move environment for the blockchain ecosystem, which can be said to be of noble birth.
Move is a programming language originally developed by the Facebook team in 2019 for their now-defunct Diem project. Move is designed to handle smart contracts and transaction data in a secure manner, eliminating the native attack vectors of other languages, such as reentrancy attacks. Movement Labs hopes to promote the Move language developed by Facebook (now Meta) in the Libra/Diem project as the standard for blockchain smart contracts, and has launched the first integrated blockchain network Movement designed for speed and security, trying to build a secure, efficient and highly scalable blockchain infrastructure. And it can allow non-Move protocols to leverage the powerful capabilities of the Move programming language without writing a single line of Move code. As a modular framework, Movement is used to build and deploy Move-based infrastructure, applications and blockchains in any distributed environment. Applications and protocols launched on Movement can benefit from high throughput and complete smart contract security, while still maintaining the best liquidity and security on Ethereum. Movement Labs says it is committed to building a suite of Move-based products and services, with Movement being the blockchain ecosystem built by Movement Labs, with M1 and M2 as its core. M1 pursues ultra-fast, secure and deterministic transactions, while M2 serves as a bridge between the Ethereum and Move worlds. According to the latest data, Movement's Twitter followers have reached 830,000, and the Discord community has over 820,000 members, demonstrating its strong appeal and growth potential in the blockchain field. In addition, the performance of the Movement testnet since its launch has also been quite impressive, with a cumulative transaction volume of 681 million and over 15.8 million active addresses, and more than 46 applications have been stably running on the testnet. This achievement highlights the steady progress of Movement in ecosystem development, especially the thriving development at the application layer, demonstrating the widespread participation of developers and users. At the same time, the success of the testnet has laid a solid foundation for the upcoming launch of Movement's mainnet. The active community and the continuous growth of ecosystem projects prove the high recognition and prospects of Movement in the market.
II. Movement's Operating Logic
The product that Movement Labs is currently building is a Zk-rollup based on Move. This solution utilizes its flagship products M1 and M2, with M1 serving as the shared sequencing layer and M2 as the aggregator. M2 not only supports smart contracts written in Move, but also contains an EVM bytecode interpreter Fractal.
Shared Sequencing Layer M1
M1 is the first blockchain product in the Movement ecosystem, supported by the Movement SDK, and is currently in the testnet stage. As a permissionless blockchain based on Move, M1 runs on the Avalanche subnet, aiming to provide users with a highly secure, flexible and scalable blockchain solution. M1 has significant advantages in technical compatibility, supporting both the Aptos Move and Solidity ecosystems. For Move developers, M1 provides a fully compatible environment with Aptos, allowing them to easily migrate and deploy applications using existing tools and resources. For Ethereum developers, M1's Solidity compatibility allows them to quickly get started, directly migrating their familiar languages and tools to the M1 blockchain. In terms of scalability, M1 adopts the innovative Fractal architecture, achieving dynamic horizontal scaling by decomposing into multiple subnetworks (i.e., "fractal subnets"). This design allows each subnet to have a complete protocol stack and to flexibly scale according to load requirements, significantly improving the network's throughput and flexibility. Whether it's execution, consensus or data processing, M1 can be optimized according to actual needs, providing users with a more efficient usage experience. M1's Snowman consensus mechanism further enhances the performance of the blockchain. As an optimized blockchain consensus protocol, Snowman is characterized by high throughput and fully ordered transaction processing, which is very suitable for the execution of smart contracts. This mechanism also improves data consistency and network high availability, providing users with a secure and stable blockchain environment. M1 performs excellently in terms of asset liquidity and interoperability. As a bridge connecting the EVM and Move ecosystems, M1 achieves asset interoperability with Ethereum and other Move blockchains. This not only promotes collaboration between multi-chain ecosystems, but also enhances the liquidity and efficiency of digital assets. At the same time, M1 supports modular and interoperable application chain development, providing more possibilities for the innovation of decentralized applications.
Zk-Rollup Aggregation Layer M2
M2 is a blockchain compatible with Layer 2 Sui, enabled by the Movement SDK. When M1 has Sui compatibility, M2 will be reused. It is currently in the testnet stage for testing and development purposes. M2 is a permissionless blockchain based on Move, currently running as a Celestia rollup.
M1's network is built and operated for the Layer1 network, serving as the foundation of the Layer1 execution layer running on the Avalanche subnet, while M2 is the data execution layer for the Layer 2 network. This is the same product design concept as zkSync, StarkNet and the Rollup series projects in the Ethereum ecosystem, but the Movement Rollup project developed with the Move language is easier to understand, and also has advantages and unique features that Ethereum network does not have.
III. Why does Movement use the MOVE language?
Move is a smart contract language designed by Meta (formerly Facebook), focusing on asset security and ownership management. Move defines assets as "resources", which are default non-copyable and non-deletable, ensuring the scarcity and integrity of assets. Through modular design and account signer mechanisms, Move strictly controls resource access, only allowing authorized operations, improving system security. In the Movement ecosystem, Move's sequence number design and static function call optimization have improved transaction security and execution efficiency. At the same time, the modular architecture supports flexible development and cross-chain compatibility, providing seamless migration for projects like Aptos and Sui. Relying on its efficient resource management and transaction mechanisms, Move has become the core technology driving blockchain innovation in Movement.
IV. Movement Team and Financing Information
The Movement Labs team is composed of experienced industry experts with strong technical backgrounds and extensive industry experience. Here are introductions to the key team members:
- Rushi MancheRushi Manche is a co-founder of Movement Labs, previously a software engineer at Aptos. His background is in software development and blockchain technology, particularly in the application of mobile languages and blockchain infrastructure.
- Cooper ScanlonCooper is the other co-founder of Movement Labs, who built and audited the first yield aggregator using the Move language before founding Movement Labs. Cooper has deep entrepreneurial and technical experience in the blockchain and cryptocurrency field.
- Andy BellAndy Bell is the engineering director of Movement Labs. Prior to joining Movement Labs, he served as VP of Engineering at Biconomy and CTO at Ajuna. His technical leadership is crucial for Movement Labs in developing efficient and secure blockchain solutions.
Movement's team has completed three rounds of financing, including seed Pre-round, seed round, and Series A round, raising a total of $41.4 million. The first financing event occurred on September 23, 2023, in the seed Pre-round, raising $3.4 million, with participation from Varys Capital, George Lambeth, Double Peak Group, dao5, Calvin Liu, Borderless Capital, Blizzard Fund, and Anurag Arjun. The second financing event occurred on January 10, 2024, in the seed round, with undisclosed details, and participants including Serafund, MH Ventures, George Burke, Eterna Capital, and Artichoke Capital. The third financing event occurred on April 24, 2024, in the Series A strategic round, raising $38 million, led by Polychain Capital, with participation from Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs. Additionally, an undisclosed amount of funding was received from Binance Labs.
V. Movement Token Economics
The MOVE token, as the native asset of the Movement Network, is designed to balance decentralization, ecosystem building, and the platform's long-term development needs. According to official information, the total supply of MOVE tokens is 10 billion, and a gradual unlocking mechanism will be adopted, with approximately 22% initially entering the circulation market to provide participation opportunities for early users and ecosystem builders. To ensure the decentralized distribution of the tokens and guarantee the sustainability of the ecosystem, the MOVE token allocation plan dedicates a significant portion of the tokens to support the community, ecosystem building, and rewards for early participants. The specific allocation breakdown is as follows: Ecosystem and Community: 40% (4,000,000,000 MOVE), Initial Claim: 10% (1,000,000,000 MOVE), Foundation: 10% (1,000,000,000 MOVE), Early Contributors: 17.5% (1,750,000,000 MOVE), Early Investors: 22.5% (2,250,000,000 MOVE).
As the native asset of the Movement Network, the MOVE token plays multiple roles in the network ecosystem, covering economic incentives, security guarantees, governance participation, and ecosystem operations. The main use cases of the MOVE token are as follows: Economic Security Staking: The MOVE token is the foundation of network security. After the mainnet launch, validators can stake MOVE tokens to participate in the network's consensus mechanism and maintenance. Gas Fee Payment: In the Movement ecosystem, all transactions, smart contract executions, and network interaction operations require the payment of MOVE tokens as gas fees, ensuring the economic viability and liquidity of the network. Decentralized Governance: MOVE token holders will have the right to participate in the governance of the Movement Network. Through the token voting mechanism, users can vote on key decisions such as network parameter adjustments, protocol upgrades, and fee structures. Native Asset Functionality: The MOVE token also serves as the core asset in various application scenarios within the Movement ecosystem. It can be used for providing liquidity, as collateral, and as a payment medium in DApp development.
VI. $MOVE Future Value Analysis
Movement Labs, with its innovative advantages in the blockchain infrastructure field, has shown tremendous growth potential. By adopting the Move programming language, Movement has solved the key issues of smart contracts in terms of security, efficiency, and interoperability, particularly in terms of Ethereum compatibility and modular architecture design, injecting new vitality into the future development of blockchain technology. As the Movement project continues to evolve and its technology matures, the MOVE token airdrop activities provide valuable opportunities for early users and ecosystem builders. As the token gradually enters the market and provides users with a wealth of application scenarios, the demand for MOVE tokens in the market will grow rapidly.
