Binance is thrilled to announce Movement (MOVE) as the third project on the Binance Airdrops Portal. Movement is the first Move-EVM Layer 2 solution for Ethereum, bringing Move’s security features to Ethereum. Users who subscribed their BNB to Simple Earn Flexible or Locked products between 2024-12-02 00:00 (UTC) and 2024-12-05 23:59 (UTC) will receive the airdrop. The MOVE HODLer Airdrops page is expected to go live in 5 hours, with the new token being distributed to users’ Spot Wallets 1 hour before trading begins.
What is MOVE?
Movement Network is a collection of modular blockchains based on Move that allows developers to create secure, high-performance, and interoperable blockchain applications, bridging the Move and EVM ecosystems.
Key features of Movement Network include:
30,000+ transactions per second (TPS) thanks to Move's parallel processing with Block-STM.
Enhanced smart contract security through Move, preventing most traditional attack methods.
Fractal, Movement Network's primary interpreter, which enables Solidity contracts to compile on MoveVM, run in parallel, and maintain full bytecode compatibility, allowing both Move and EVM applications to coexist.
Rollup frameworks for teams to launch custom, high-throughput rollups using the Movement SDK.
MOVE HODLer Airdrops Details
Token Name: Movement (MOVE)
Total and Max Token Supply: 10,000,000,000 MOVE
HODLer Airdrops Token Rewards: 200,000,000 MOVE (2% of max token supply)
Additional 5% of total token supply will be allocated to Launchpool six months after spot listing.
Circulating Supply upon Listing on Binance : 2,250,000,000 (22.5% of max token supply)
Smart Contract Details: Ethereum, 0x3073f7aAA4DB83f95e9FFf17424F71D4751a3073
Research Report: Movement (MOVE) (will be available within 1 hour of publishing this announcement)
BNB holding hard cap: User’s average BNB holdings in Simple Earn/ Total average BNB holding * 100% ≤ 4% (If the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%)
What is this HODLer Airdrop?
HODLer Airdrops is another type of airdrops from Binance, users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by projects with a large token circulating supply that intend to soon list on Binance.
So now as a HODLer, you not only keep your own assets but you also can get other assets from Binance
Wanna know how to get benefits from HODLer Airdrops ? Here are the steps
First, you need to go to Earn and search for BNB
Second, subscribe to simple earn product (Flexible and/or Locked) with your BNB holdings
Third, Binance will post an announcement before a HODLer Airdrops of new token begins
Fourth, Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances in Simple Earn products (Flexible and/or Locked)
And finally, Eligible users will receive HODLer Airdrops rewards in their Spot Wallets within 24 hours after the HODLer Airdrops is announced
