$MOVE is the primary cryptocurrency of the Movement Network, an Ethereum L2 building the MoveVM blockchain. $MOVE is considered a utility token which will be used for paying gas fees and staking with Move validators. $MOVE will also serve as the primary asset for liquidity, collateral and payments in Movement Network DeFi dApps.

‍

Move is a blockchain designed as a universal language for creating smart contracts. It currently supports Aptos Move, Sui Move and EVM builders. More than 200 teams were active on the Movement Network testnet ahead of mainnet release and the TGE (token generation event) of $MOVE.

‍

Movement Network’s TGE strategy emphasizes the importance of launching $MOVE, the native token of the Movement Network ecosystem, which has the utilities outlined above.

In doing so, we create the foundational utility that our network will rely on, and ensure that users have the necessary resources to engage with Movement Network effectively upon launch.

Movement Network Foundation

‍

‍

Backpack will list the MOVE token on our spot trading markets.

‍

• Ticker: MOVE

• Total Supply: 10,000,000,000

• Circulating Supply (upon launch): 2,3000,000,000

• Contract Address (Ethereum): 0x3073f7aaa4db83f95e9fff17424f71d4751a3073

‍
Trading of MOVE starts according to the following schedule:

‍

• Deposits for MOVE begins at 1:30 PM UTC on January 31, 2025

• Spot trading for MOVE/USDC begins at 1:30 PM UTC on January 31, 2025

• Withdrawals for MOVE begins at 1:30 PM UTC on January 31, 2025

‍

Trade $MOVE on Backpack Exchange.

‍

‍

Backpack Exchange

January 31st, 2025

‍

Learn more about Backpack

‍

Exchange | Wallet | Twitter | Discord

‍

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.