Movement Network Foundation Announces MOVE Token Economics, Allocating 60% of the Total to the Community
On November 26th, the Move Language Infrastructure Movement Network Foundation announced the token economics of its token MOVE. The total supply of MOVE tokens is 10 billion, the initial circulation is about 22%, and 60% of the total will be allocated to the community, including the ecosystem and community, the foundation, and the initial claim. The specific allocation is as follows:
Ecosystems and communities: 40%
· Initial claim: 10%
Foundation: 10%
Early contributors: 17.5%
Early stage investors: 22.5%
The MOVE tokens will be gradually unlocked over a period of 60 months, and teams and investors will not be able to participate in the initial pledge.