Layer 2 Network Built Using Facebook Designed Programming Language to Airdrop Its Token

Movement, an Ethereum layer-2 network that was built using MoveVM, will issue its native token on Monday with a portion of the tokens being airdropped to early users and community members.

The token, MOVE, will be listed on Binance via the exchange’s airdrops portal, and will also be listed on prominent South Korean exchanges Upbit and Bithumb.

Movement Labs raised $38 million in a Series A financing round led by Polychain Capital in April. Move is a programing language first designed by Facebook and has since been used to create Sui and Aptos.

MOVE will be listed on Binance at 13:00 UTC and 20:00 local time on Upbit.

The maximum supply of MOVE is 10 billion, with 10% of that being allocated to early users and community. 22.5% of tokens have also been set aside for investors whilst 10% will go to the foundation.

Airdrop claims can initially be made on the Ethereum network although users can wait to receive a 1.25x boost by claiming it on the Move network at a later date, according to the company’s website.