[PRESS RELEASE – Seychelles, Seychelles, December 13th, 2024]

The native token of the Movement Network, $MOVE, which was launched on December 9, 2024, outpaced its price of $1.45 after the release. As an innovative blockchain ecosystem based on a Move programming language, the Movement Network is going to integrate its ecosystem with $MOVE tokens right after the launch of its mainnet. Currently, BYDFi has officially listed $MOVE, showing deep insight into the development of blockchain technology and being forward-looking in terms of market positioning.

$MOVE: A Token Economy Built on Core Blockchain Security Technology

The Movement Network is the first blockchain ecosystem built on the Move programming language. This language developed by Meta’s (formerly Facebook) cryptography team, fundamentally redefines how secure, modular, and verifiable smart contracts are written. One of the major challenges in blockchain development today is the security of smart contracts, with billions of dollars lost annually due to exploit vulnerabilities. Move provides developers with a safer and more predictable development environment, aiming to reduce the risk of vulnerabilities while lowering the resource costs required to maintain on-chain security.

Co-founders of Movement Labs are former Aptos engineer Rushi Manche and blockchain entrepreneur Cooper Scanlon. The team members have hailed from leading blockchain projects, including Biconomy, Sui/Mysten Labs, and Fluid Finance. Drawing on experience in the field of blockchain development and fin-tech, the team is committed to the security, scalability, and transaction finality of Ethereum.

After announcing the Movement Network’s Public Mainnet, the public chain of the Move language, the $MOVE token becomes core in the ecosystem:

• Cybersecurity Pledge: Verifiers pledge $MOVE to guarantee network security and get rewards.

• Transaction Fees: The gas fees are covered by $MOVE within the