Analysis of the market value after the launch of the modular network Movement airdrop

MOVE has launched an airdrop, bringing joy to some and distress to others. Those who are happy are naturally those who have worked hard for a long time and have finally reached the harvest season. Moreover, the project team is quite generous, with over 900 million tokens allocated for airdrop incentives, ensuring that every participating user benefits greatly. However, the tasks for MOVE's airdrop are quite challenging, with dozens or even hundreds of interactive tasks, and the number of reposts and follows is countless, which has discouraged many manual claimers.

## What is Movement?

Movement Labs was established in 2023, led by Aptos software engineer Rushi Manche and blockchain entrepreneur Cooper Scanlon. At its inception, it secured $3.4 million in Pre-Seed funding led by Varys Capital and dao5, and subsequently launched the Movement SDK to provide a secure and high-performance Move environment for the blockchain ecosystem, making it a well-born project.

Move is a programming language originally developed by the Facebook team in 2019 for its now-defunct Diem project. Move aims to handle smart contracts and transaction data securely, eliminating native attack vectors found in 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 subsequently launched the first integrated blockchain network, Movement, designed for speed and security, attempting to build a secure, efficient, and highly scalable blockchain infrastructure. It also enables 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 maintaining their presence on Ethereum for optimal liquidity and security.
Movement Labs claims it is committed to building a suite of products and services based on Move, with Movement being the blockchain ecosystem created by Movement Labs, centered around M1 and M2. M1 pursues ultra-fast, secure, and deterministic transactions, while M2 serves as a bridge between Ethereum and the Move world.
According to the latest data, Movement's Twitter followers have reached 830,000, and the Discord community has over 820,000 members, showcasing its strong appeal and growth potential in the blockchain field. Additionally, the performance of the Movement testnet since its launch has been impressive, with a cumulative transaction volume of 681 million, active addresses exceeding 15.8 million, and over 46 applications running stably on the testnet.
This achievement highlights Movement's robust progress in ecological development, particularly in the flourishing growth at the application layer, demonstrating widespread participation from developers and users. Meanwhile, the success of the testnet lays a solid foundation for the upcoming mainnet launch. The community's activity and the continuous growth of ecological projects prove Movement's high recognition and promising prospects in the market.

## Movement's Operational Logic

The product currently being built by Movement Labs is a Move-based Zk-rollup. This solution utilizes its flagship products M1 and M2, where M1 serves as the shared sequencing layer and M2 acts as the aggregator. M2 not only supports smart contracts written in Move but also includes the 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 phase. As a permissionless Move-based blockchain, M1 operates 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 Aptos Move and Solidity ecosystems. For Move developers, M1 offers a fully compatible environment with Aptos, allowing for easy migration and deployment of applications using existing tools and resources. For Ethereum developers, M1's Solidity compatibility enables them to quickly get started by directly migrating familiar languages and tools to the M1 blockchain.
In terms of scalability, M1 employs an innovative Fractal architecture, achieving dynamic horizontal scaling by decomposing into multiple sub-networks (i.e., "fractal subnets"). This design allows each subnet to have a complete protocol stack and flexibly scale according to load demands, significantly enhancing the network's throughput and flexibility. Whether for execution, consensus, or data processing, M1 can optimize based on actual needs, providing users with a more efficient experience.
M1's Snowman consensus mechanism further enhances the blockchain's performance. As an optimized blockchain consensus protocol, Snowman features high throughput and fully ordered transaction processing capabilities, making it very suitable for running smart contracts. This mechanism also improves data consistency and network high availability, providing users with a secure and stable blockchain environment.
M1 excels in 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 usability of digital assets. Additionally, M1 supports the development of modular and interoperable application chains, providing more possibilities for innovation in decentralized applications.

zk-Rollup Aggregation Layer M2

M2 is a blockchain compatible with Layer 2 Sui, enabled by the Movement SDK. Once M1 achieves Sui compatibility, M2 will be repurposed. It is currently in the testnet phase for testing and development purposes. M2 is a permissionless blockchain based on Move, currently operating as a Celestia rollup.

The M1 network is built and operated for Layer 1 networks, serving as the foundation for the Layer 1 execution layer running on the Avalanche subnet, while M2 serves as the data execution layer for Layer 2 networks. This follows the same product design philosophy as zkSync, StarkNet, and Ethereum's Rollup series projects, with Movement being a Rollup project developed by Move, making it easier to understand, while also possessing advantages and unique features not available in the Ethereum network.

## 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 by 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, allowing only authorized operations, thereby enhancing system security.
In the Movement ecosystem, Move's serial number design and static function calls optimize transaction security and execution efficiency. At the same time, the modular architecture supports flexible development and cross-chain compatibility, providing seamless migration for Move projects like Aptos and Sui. With its efficient resource management and transaction mechanisms, Move has become the core technology driving blockchain innovation for Movement.

## Movement Team and Funding Information

The Movement Labs team consists of several experienced industry experts with a strong technical background and extensive industry experience. Here are brief introductions to key team members:

• Rushi Manche: Rushi Manche is the co-founder of Movement Labs and was previously a software engineer at Aptos. His background is in software development and blockchain technology, particularly in the application of Move language and blockchain infrastructure.
• Cooper Scanlon: Cooper is another co-founder of Movement Labs. Before establishing Movement Labs, he built and audited the first yield aggregator using the Move language. Cooper has deep entrepreneurial and technical experience in the blockchain and cryptocurrency fields.
• Andy Bell: Andy Bell is the engineering director of Movement Labs. Before joining Movement Labs, he served as vice president of engineering at Biconomy and as chief technology officer at Ajuna. His technical leadership is crucial for Movement Labs in developing efficient and secure blockchain solutions.

The Movement team has completed three rounds of financing: Pre-Seed, Seed, and Series A, raising a total of $41.4 million. The first financing event occurred on September 23, 2023, in the Pre-Seed round, completing an amount of $3.4 million, with participating institutions and investors including Varys Capital, George Lambeth, Double Peak Group, dao5, Calvin Liu, Borderless Capital, Blizzard Fund, and Anurag Arjun.
The second financing event took place on January 10, 2024, in the Seed round, with details not disclosed. Participating institutions and investors included Serafund, MH Ventures, George Burke, Eterna Capital, and Artichoke Capital.
The third financing event occurred on April 24, 2024, in the Series A strategic financing, completing an amount of $38 million, led by Polychain Capital, with participating institutions and investors including Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs. This round also received undisclosed funding from Binance Labs.

## Movement Token Economics

The MOVE token, as the native asset of the Movement Network, has a distribution mechanism designed to balance decentralization, ecological construction, and the long-term development needs of the platform. According to official information, the total supply of MOVE tokens is 10 billion, and a gradual unlocking mechanism will be adopted, with approximately 22% entering the circulating market initially, providing opportunities for early users and ecological builders.
To ensure decentralized distribution of tokens while guaranteeing the sustainable development of the ecosystem, the distribution plan for MOVE tokens clearly allocates most token resources to support the community, ecological construction, and reward early participants. The specific distribution ratios are 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 various aspects such as economic incentives, security guarantees, governance participation, and ecological operations. Here are the main uses of the MOVE token:
Economic Security Staking: The MOVE token is the cornerstone 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 interactions 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 a 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 to provide liquidity, as collateral, and as a payment medium in DApp development.

## Future Value Analysis of $MOVE

Movement Labs, with its innovative advantages in blockchain infrastructure, demonstrates tremendous development potential. By adopting the Move programming language, Movement addresses key issues in smart contracts regarding security, efficiency, and interoperability, particularly in compatibility with Ethereum and the design of a modular architecture, injecting new vitality into the future development of blockchain technology.