Movement Network launches mainnet beta and native token
Powered by @unfolded- Movement Network has launched its mainnet beta and a token generation event for its native token, marking the first phase of its infrastructure setup.
- The project is built using the Move programming language and features a unique architecture that enhances security and transaction finality through "post-confirmations."
- The Movement Network Foundation plans to distribute a total of 10 billion tokens, with 40% allocated for ecosystem and community initiatives and 10% reserved for the foundation itself.
- Movement Labs previously raised $38 million in a Series A funding round, led by Polychain Capital and supported by Binance Labs.
https://www.theblock.co/post/329922/movement-network-launches-mainnet-beta-and-native-token