The First: Analysis of the Market Value of Modularization Network Movement Airdrop

MOVE has launched an airdrop, some people are happy and some are sad. The happy thing is that the long-term efforts have finally arrived at the harvest season. Moreover, the project team is very generous, with more than nine hundred million tokens used for airdrop incentives, and every participating user is full of money. However, MOVE's airdrop tasks are quite difficult, with dozens or even hundreds of interactive tasks, and countless attention and reposts, which has discouraged many manual users.
MOVE is about to launch on The First spot area. As a Layer 2 public chain built on ETH, what is the goal of Movement? What is the future direction of the ecological layout? As an investment user, can you continue to participate in the ecological construction of Movement to obtain more substantial follow-up benefits?
I. What is Movement?
Movement Labs was founded in 2023 by Aptos software engineer Rushi Manche and blockchain entrepreneur Cooper Scanlon. At the beginning of its establishment, it received a $3.40 million Pre-Seed round of financing led by Varys Capital and dao5, and thus launched the Movement SDK to provide a secure and high-performance Move environment for the blockchain ecosystem. It can be said that it comes from a prestigious family.
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 in a secure manner, eliminating attack vectors native to other languages, such as reentry 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 then launch the first integrated blockchain network designed specifically for speed and security, Movement, attempting to build a secure, efficient, and highly scalable blockchain infrastructure. It also enables non-Move protocols to utilize the powerful features of the Move programming language without writing a single Move code.
As a Modularization framework, Movement is used to build and deploy Move-based infrastructure, applications, and blockchain in any distributed environment. Application chains and protocols launched on Movement can benefit from high throughput and complete smart contract security, while also remaining on Ethereum for optimal liquidity and security.
Movement Labs stated that it is committed to building a set of products and services based on Move. Movement is a blockchain ecosystem created by Movement Labs, with M1 and M2 as its core. M1 pursues 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 Discord community members have exceeded 820,000, demonstrating its strong appeal and growth potential in the blockchain field. In addition, the Movement testnet has performed quite well since its launch, with a cumulative transaction volume of 681 million, active addresses exceeding 15.80 million, and over 46 applications running stably on the testnet.
This achievement highlights the steady progress of Movement in ecological development, especially the vigorous development at the application level, showing the extensive participation of developers and users. At the same time, the success of the testnet has laid a solid foundation for the upcoming mainnet launch of Movement. The active community and the continuous growth of ecological projects prove the high recognition and prospects of Movement in the market.
II. Movement operation logic
The product currently being built by Movement Labs is Zk-rollup based on Move. The solution utilizes its flagship products M1 and M2, where M1 is used as a shared sequence layer and M2 is used as a summary. M2 not only supports smart contracts written in Move, but also includes the EVM bytecode interpreter Fractal.
Shared Sequence Layer M1
M1 is the first blockchain product of the Movement ecosystem, supported by the Movement SDK and currently in the testnet phase. As a permissionless Move-based blockchain, M1 runs on the Avalanche subnet and is committed to providing users with highly secure, flexible, and scalable blockchain solutions.
M1 has significant advantages in technical compatibility, supporting both 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 and directly migrate familiar languages and tools to the M1 blockchain.
In terms of scalability, M1 adopts the innovative Fractal architecture, which achieves dynamic horizontal scaling by decomposing into multiple subnetworks (i.e. "fractal subnets"). This design enables each subnet to have a complete protocol stack and can be flexibly expanded according to load requirements, significantly improving the network's throughput and flexibility. Whether it is execution, consensus, or data processing, M1 can be optimized according to actual needs to provide users with a more efficient user experience.
M1's Snowman consensus mechanism further enhances the performance of blockchain. As an optimized blockchain consensus protocol, Snowman features high throughput and fully ordered transaction processing capabilities, making it very suitable for the operation of smart contracts. The mechanism also provides users with a secure and stable blockchain environment by improving data consistency and high network availability.
M1 performs well 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 improves the liquidity and efficiency of digital assets. At the same time, M1 supports Modularization and interoperable application chain development, providing more possibilities for innovation in decentralized applications.
Zk-Rollup summary layer M2
M2 is a blockchain compatible with Layer 2 Sui, enabled by Movement SDK. Once M1 has Sui compatibility, it will be reused. It is currently in the testnet phase for testing and development purposes. M2 is a permissionless blockchain based on Move, currently running as Celestia rollup.
M1's network is designed for the construction and operation of Layer1 networks, relying on the Avalanche subnet to run the Layer1 execution layer. M2 is the data execution layer used for Layer 2 networks. This is the same product design concept as zkSync, StarkNet, and the Rollup series projects in the Ethereum ecosystem. Movement is a Rollup project developed by Move, which is easier to understand and has advantages and features that the Ethereum network does not have.
III. Why does Movement use 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" that cannot be copied or deleted by default, ensuring the scarcity and integrity of assets. Through Modularization design and account signer mechanism, Move strictly controls resource access, only allows authorized operations, and improves 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 Modularization architecture supports flexible development and cross-chain compatibility, providing seamless migration for Move projects such as Aptos and Sui. With its efficient resource management and transaction mechanism, Move has become the core technology for Movement to promote blockchain innovation.
IV. Movement team and financing information
The Movement Labs team is composed of several experienced Subject-Matter Experts with deep technical backgrounds and extensive industry experience. The following are introductions of key team members.
Rushi Manche is the co-founder of Movement Labs and a former software engineer at Aptos. His background lies in software development and blockchain technology, especially in the application of mobile languages and blockchain infrastructure.
Cooper Scanlon Cooper is another co-founder of Movement Labs. Before founding Movement Labs, he built and audited the first revenue aggregator using the Move language. Cooper has in-depth entrepreneurial and technical experience in the blockchain and cryptocurrency fields.
Andy Bell is the Director of Engineering at Movement Labs. Prior to joining Movement Labs, he served as Vice President of Engineering at Biconomy and Chief Technology Officer at Ajuna. His technical leadership is crucial to Movement Labs' development of efficient and secure blockchain solutions.
Movement's team conducted a total of three rounds of financing, namely Seed Pre, Seed and Series A financing, and received a total of $41.40 million. The first financing event occurred on September 23, 2023, in Seed Pre, and completed an amount of $3.40 million. Participating institutions and investors included Varys Capital, George Lambeth, Double Peak Group, dao5, Calvin Liu, Borderless Capital, Blizzard Fund, and Anurag Arjun.
The second financing event occurred in the seed round financing on January 10, 2024. The details of the financing were not disclosed. Participating institutions and investors included Serafund, MH Ventures, George Burke, Eterna Capital, and Artichoke Capital.
The third financing event occurred on April 24th, 2024 in the A round of strategic financing, which was completed with an amount of 38 million USD. This round was 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. They also received an undisclosed financing information from Binance Labs.
V. Movement Token Economics
As the native asset of Movement Network, the distribution mechanism of MOVE tokens aims to balance decentralization, ecological construction and long-term development needs of the platform. According to official information, the total supply of MOVE tokens is 10 billion , and it will adopt a gradual unlocking mechanism . About 22% will enter the circulation market in the initial stage, providing opportunities for early users and ecological builders to participate.
To ensure the decentralized distribution of tokens and the sustainable development of the ecosystem, the distribution plan of MOVE tokens explicitly uses most of the token resources to support the community, ecosystem construction, and reward early participants. The specific distribution ratio is as follows:
Ecosystems and communities: 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% (1,7500,000,000 MOVE)
Early investors: 22.5% (2,250,000,000 MOVE)
As the native asset of Movement Network, MOVE tokens play multiple roles in the network ecosystem, covering multiple aspects such as economic incentives, security guarantees, governance participation, and ecosystem operation. The following are the main uses of MOVE tokens.
Economic Security Staking: MOVE tokens are the cornerstone of cyber security. After the mainnet goes live, validators can stake MOVE tokens to participate in the consensus mechanism and maintenance of the network.
Gas fee payment: In the Movement ecosystem, all transactions, smart contract execution, and network interactions require payment of MOVE tokens as gas fees, ensuring the economic and liquidity operation 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 function: MOVE tokens also serve as core assets for various application scenarios in the Movement ecosystem. It can be used to provide liquidity, serve as collateral, and as a payment medium in DApp development.
Analysis of the Future Value of $MOVE
Movement Labs has shown great development potential with its innovative advantages in the field of blockchain infrastructure. By adopting the Move programming language, Movement has solved key issues in security, efficiency, and interoperability of smart contracts, especially in compatibility with Ethereum and the design of the Modularization architecture, injecting new vitality into the future development of blockchain technology.
With the continuous development of the Movement project and the maturity of technology, the airdrop of MOVE tokens provides valuable opportunities for early users and ecosystem builders. As tokens gradually enter the market and provide users with rich application scenarios, the demand for MOVE tokens in the market will grow rapidly. To seize this opportunity, users can trade and purchase MOVE tokens through The First platform to participate in the construction and development of the Movement ecosystem.
The First will open MOVE spot trading at 16:00 on December 10th (UTC + 8), and will also open MOVE contract trading at 16:00 on December 11th (UTC + 8). Users can purchase tokens to participate in the MOVE ecosystem construction. Of course, it is still in the collection window for airdrop users, and many users have not yet completed the collection of airdrop tokens. Therefore, it is necessary to pay attention to preventing price fluctuations caused by airdrop selling pressure before purchasing.