Binance, the world’s largest cryptocurrency exchange by daily trading volume, has unveiled its latest addition to the Airdrops Portal: Movement (MOVE). This new token marks the first Move-EVM Layer-2 project designed exclusively for Ethereum, bringing enhanced security features to the network.
MOVE Token Listing Details
Binance plans to list MOVE on December 9, 2024, at 14:00 UTC. The token will be available for trading in pairs such as MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY. As part of its risk assessment, Binance has tagged MOVE with the “Seed” label, indicating its relatively higher-risk nature.
Ahead of the listing, Binance will distribute the MOVE token to eligible users’ Spot Wallets one hour before trading begins. To qualify for the airdrop, users must have subscribed their BNB holdings to Simple Earn Flexible or Locked products between December 2 and December 5, 2024.
MOVE Token Airdrop Program
The MOVE token airdrop will reward BNB holders with 200 million MOVE tokens, equivalent to 2% of the total supply. Six months post-listing, an additional 5% of the total supply will be allocated to Binance’s Launchpool initiative.
Binance’s HODLer Airdrop program offers an automatic and straightforward way for BNB holders to earn rewards. Users subscribed to Simple Earn products are eligible for automatic airdrops, making it an effortless method to gain additional tokens.
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What Are HODLer Airdrops?
The HODLer Airdrops initiative rewards users based on their historical BNB balance snapshots. Unlike other reward mechanisms that require active participation, HODLer Airdrops provide a retrospective benefit, enabling users to earn tokens passively.
To participate, users must complete their KYC (Know Your Customer) verification and reside in an eligible jurisdiction. While regions like Turkey qualify, others, including the United Kingdom, the United States, and Hong Kong, are excluded from the program.
MOVE Token’s Significance
MOVE represents a significant step in the evolution of Ethereum’s ecosystem. By integrating Move’s security features into Ethereum via a Layer-2 solution, MOVE aims to enhance blockchain efficiency and user trust. Binance’s support for the token highlights its potential and aligns with the platform’s commitment to fostering innovation in the crypto space.
At The Bit Journal, we’ll continue to follow Binance’s developments and provide updates on the MOVE token’s market performance and adoption.
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