Binance Announces MOVE as the 3rd Project on Airdrops Portal

Key Points

Binance will open trading for MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY.
Earlier, Upbit and Bithumb also announced the launch of MOVE.

Binance just announced its third project on the Aidrops Portal – Movement (MOVE).

According to the official announcement, users who subscribed their BNB to Simple Earn Flexible or Locked Products from December 2, 00:00 (UTC) to December 5, 23:59 (UTC) will receive their airdrop distribution.

Binance also revealed that today at 13:00 (UTC) it will list MOVE with Seed Tag applied, and open trading for the following pairs:

MOVE/BTC
MOVE/USDT
MOVE/BNB
MOVE/FDUSD
MOVE/TRY

The exchange applies the Seed Tag to newer projects that might exhibit more volatility compared to other already listed ones.

Movement (MOVE) HODLer Airdrop Details

The Maximum Token Supply: 10 billion MOVE
HODLer Airdrops Token Rewards: 20 million MOVE, representing 2% of the maximum token supply
Circulating Supply Upon Binance Listing: 2,25 billion MOVE, representing 22.5% of the maximum token supply
Smart Contract Details: Ethereum 0x3073f7aAA4DB83f95e9FFf17424F71D4751a3073

An additional 5% of the total token supply will be allocated to Launchpool 6 months after the spot listing.

The BNB holding hard cap will be calculated as follows: the user’s average BNB holdings in Simple Earn/Total average BNB holding * 100 ≤ 4%. Binance noted that if the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%.

Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops, according to historical snapshots of the BNB balances.

The exchange also noted that users automatically become eligible for airdrops, Launchpool, and Megadrop rewards, by subscribing BNB to Simple Earn Flexible or Locked products.

What is Movement (MOVE)?

Movement is the first Move-EVM L2 for Ethereum. The project brings Move’s security features to Ethereum.

Movement delivers the following features:

High security
High TPS
Near-instant finality

MOVE is the utility token of Movement that will be used to achieve Movement Network Foundation’s objectives, according to a recent post on X by the team behind the project. MOVE will be used for gas and staking.

On November 25, Movement revealed the details for MOVE token distribution:

40% go to the ecosystem and community
10% go to initial claims
10% go to the foundation
17.5% go to early contributors
22.5% go to early backers

Other MOVE Listing Announcements Today

Earlier today, South Korea’s largest crypto exchange, Upbit, also announced the listing for MOVE supporting the KRW, BTC, and USDT markets.

The deposit/withdrawal start time for MOVE trading pairs will be 8:00 PM South Korean time, and the transaction start time will be 9:00 PM.

This is reportedly a very rare TGE that was issued on the exchange, and there are only a few similar tokens including TAIKO.

Also, Bithumb, the largest crypto exchange in South Korea, revealed that it will launch MOVE KRW trading pair today. The trading start time is scheduled for 9:00 PM South Korean time.