One article to learn about the decentralized exchange WarpGate announced the opening of MOVE asset reserves

WarpGate, a decentralized exchange on the Movement chain, recently announced the launch of the MOVE asset reserve plan, aiming to support the development of the ecosystem in the long run. WarpGate will give back 1% of its revenue to Movement ecosystem builders, Meme coin creators, users and communities on the WarpGate platform. The move triggered a positive response from the Movement ecosystem, and founder Rushi also expressed support for this.

WarpGate: Movement DEX specially created for Degen

WarpGate is a decentralized exchange on Movement. It not only provides regular trading services, but also integrates token issuance functions to provide a more flexible platform for project parties and creators. Therefore, WarpGate is considered an ideal choice for DeFi players on the Movement chain. WarpGate has maintained close cooperation with Movement official, has participated in the official NFT issuance, and has established partnerships with multiple ecological agreements, demonstrating its important position in the Movement ecosystem.

MOVE Asset Reserve Plan: Give back to the ecology and inspire development

The core mechanism of WarpGate's MOVE asset reserve plan is to distribute 1% of the exchange's profits to Movement ecosystem builders, Meme coin creators, users and community members on the WarpGate platform. This strategy aims to inspire more developers and creators to create value in the Movement ecosystem and increase community activity and participation.

For the allocation of rewards for ecological builders, WarpGate will be evaluated by a jury composed of Movement co-founder Cooper Scanlon, Asia Pacific leader Joe, and core team members Will and Merq to ensure the effective use of resources. To ensure long-term impact and ecological sustainable development, the resource allocation of MOVE asset reserves program will be reviewed quarterly and dynamically adjusted based on ecological development and contributions.

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