What is the utility of the MOVE token?
Movement Labs has 4 primary token utilities:
- Governance: $MOVE holders can propose and vote on protocol governance decisions.
- Medium of Exchange: $MOVE is used to pay gas fees on Movement Network L2.
- Staking (Consensus): Validators stake $MOVE to provide economic security and enable fast-finality settlement.
- Medium of Payment: $MOVE is used as a native asset for payment, collateral, and liquidity across applications built on Movement Network.