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Movement Labs (MOVE)

Active Retrodrop 🔥
Total Raise: $41,400,000
Date: 13 Sep 2023 - 01 Aug 2025

Movement Labs is a ZK software development kit for Ethereum rollups that utilizes the Move programming language to allow developers to build more secure smart contracts. Its first product is M2, an Ethereum ZK-powered L2 network with parallel transaction processing technology and the potential to reach an impressive 160K TPS capacity.

Since its inception in 2021, the Movement Labs crypto startup has managed to raise an impressive $41.4M from leading investors, including Polychain Capital, Binance Labs, Sandeep Nailwal, OKX Ventures, and others.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Movement Labs Overview

Ticker: MOVE
Country: United States
Founded: 2021
Whitelist: No
Blockchain Network: Ethereum
KYC: No
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: No

Movement Labs Review

Movement Labs crypto company is building a network of modular blockchains and Ethereum rollups that operate using the Move programming language.

The first network built by the company is an Ethereum L2 network M2, powered by zero-knowledge and parallel processing technologies, with the potential to reach an impressive throughput capacity of 160,000 TPS.

It offers users extremely low gas fees and fast transaction execution while maintaining the native Ethereum level of security with a safety-focused smart contract approach written in the Move language. 

*Move is a programming language originally designed by Facebook for smart contract development, offering enhanced security that powers the protocol’s own MoveVM.

The Movement rollup combines three main components that facilitate M2’s high performance, security, and interoperability:

  • Executor: The Move executor is the execution layer of the rollup and a key part of the Move-SDK. Movement blockchain supports both MoveVM and EVM languages, allowing developers to leverage the security-focused Move bytecode while being fully compatible with other Ethereum dApps;
  • Staked Settlement Module: A network of nodes that stake assets to validate state transitions, ensuring economic security;
  • Sequencer: A core component of the network that provides customizable transaction ordering, enhancing the chain's robustness and fairness.

Discover more information about the Movement network in its docs.

🪙 Movement Labs Token: As of August 5th, 2024, there is no publicly available information regarding the platform’s native token release, utility, and economy, nor details about a Movement airdrop. However, it is quite possible that the native Movement token will be used as the main currency for paying fees, powering the staked settlement module, and participating in decentralized voting on the platform.

Furthermore, on September 25th, the leading ICO launchpad CoinList highlighted the current movement testnet in its blog and socials, potentially hinting at token launch and sale on the platform. 

Considering this information, the CoinLaunch team decided to conduct in-depth research on the Movement crypto platform. Here are the most important details:

✅ Movement crypto network pros:

  • Good concept and design of the product. Potentially a leading Ethereum L2 network with the highest TPS in the industry;
  • The project has over 605K users one month after the launch of the testnet;
  • Very high PR, Growth, and Influencer marketing scores;
  • High SMM performance;
  • Above-average marketing infrastructure and SEO scores.
  • Over $41.4M raised from top-tier investors like Polychain, Binance Labs, OKX Ventures, and more;
  • The diverse network of partners and future ecosystem members;
  • CoinList highlighted the project’s incentive program, which often precedes the token sale on the launchpad; 
  • The core team has significant work experience in Aptos, Bloomberg, and the Sui Foundation.

❌ Movement crypto network cons:

  • No tokenomics;
  • No clear roadmap yet;
  • No security audits of the product as it was launched a month ago. 

Movement Labs Token Economy

Total Raise: $41,400,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Movement Labs Token Sale (ICO & IDO) Rounds

Seed: Sep 2023 Past

Price: N/A
Tokens for sale: N/A
Raise: $3,400,000
Lock-Up: N/A
Private: Apr 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $38,000,000
Lock-Up: N/A
Strategic: May 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: N/A
Lock-Up: N/A
Retrodrop is active now! 🔥🔥🔥 Read More

Movement Labs Funds and Backers
(3/20)

Submit
Polychain Capital logo
Polychain Capital
Score: Very High
23 numbers of
investment
Read More
binance labs logo
Binance Labs
Score: Very High
19 numbers of
investment
Read More
OKX Ventures logo
OKX Ventures
Score:
18 numbers of
investment
Read More
View All

Movement Labs Influencers
(3/6)

Submit
DoubleTop
Score: High
17 numbers of
investment
Read More
Top 7 ICO logo
TOP 7 ICO
Score: Medium
13 numbers of
investment
Read More
crypto judy news
Crypto Judy
Score: Low
8 numbers of
investment
Read More
View All

Movement Labs Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  27 Sep 2024 Upgrade

Movement Labs Team

rushi manche
rushi manche
Co-Founder
Cooper S.
Cooper S.
Builder & Co-Founder
Brian H.
Brian H.
Head of Strategy

Movement Labs News

Movement Labs Airdrop & Retrodrop & Bounty

Testnet Airdrop
movement labs logo
funds
Start Date:
30 Jul 2024
End Date:
01 Aug 2025
Difficulty:
Easy
Winners:
N/A
Rewards:
N/A

Description

Movement Labs is a ZK-powered SDK designed to assist Ethereum rollup developers in creating secure smart contracts with the Move programming language and its execution layer, MoveVM. The first product built with the Movement SDK is an Ethereum L2 with parallel transaction execution and dual VM compatibility, called M2.

Currently, it is in the testnet phase, which may potentially be rewarded with a Movement Labs airdrop after its conclusion. Hence, the CoinLaunch team decided to conduct a comprehensive guide on how to join the Movement testnet.

Read More

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