MOVE with built-in burning mechanism for principal protection—what's its potential as an inscription on the Sui chain?
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MOVE with built-in burning mechanism for principal protection—what's its potential as an inscription on the Sui chain?
Advantages: official endorsement, built-in burn feature, and market cap under one million dollars.
Navigating Web3 tides with focused insightsAuthor: Asher, Odaily Planet Daily
Editor: Qin Xiaofeng
This week, both inscription projects and NFT projects have shown a downward trend in popularity. However, primary market projects still generate solid returns, and the phenomenon of "daily money-making opportunities" persists. Among recent high-performing projects, MOVE stands out as one of the few with an innovative concept. Odaily Planet Daily reviews the entire MOVE minting process from yesterday and provides analysis on the project.
MOVE: An Inscription with Built-in Burn Functionality
Project Overview
MOVE
MOVE is an inscription project on the Sui blockchain, with a total supply of 10 billion tokens. Minting completion requires 21,600 epochs—approximately 460,000 MOVE tokens are issued per epoch, distributed equally among all participating addresses.
Website: https://mrc20.fun/;
Official Twitter: https://twitter.com/MoveScriptions.
Image source: Project website
The MOVE inscription minting process differs significantly from most previous projects. It has three distinctive features:
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Standard Mode vs. Rampage Acceleration Mode: Initially, when fewer than 500 addresses participate per epoch, it operates in standard mode—one epoch lasts one minute, and participating addresses evenly split about 460,000 MOVE tokens. As interest grows and participation exceeds 500 addresses per epoch, the system switches to Rampage Acceleration Mode, where a new epoch begins immediately after every 500 participating addresses. Consequently, during periods of explosive demand, each epoch can last only a few seconds instead of a full minute;
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Burn Function: Participating in MOVE minting consumes gas plus 0.1 SUI. However, this 0.1 SUI is not sent to the project team’s wallet but locked within the minting contract. If a minter decides not to keep the newly minted MOVE token, they can locate it in their assets and click the “Burn” button to reclaim the 0.1 SUI;
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Lottery Mechanism: The first address to mint in each epoch receives an additional inscription for the previous epoch’s reward. This bonus MOVE does not require locking 0.1 SUI—effectively granting a free mint.
The image below shows MOVE inscriptions minted under Rampage Acceleration Mode. In this mode, 460,000 MOVE tokens are split among 500 participating addresses, averaging 925 MOVE per address. The inscription labeled “Locked SUI = 0” was received by the winner of that epoch; others show “Locked SUI = 0.1,” indicating regular participants who locked 0.1 SUI. Additionally, each inscription has a “Burn” option at the bottom right—clicking it burns the inscription and retrieves the locked 0.1 SUI. Multiple participants confirmed the burn function works effectively, returning the 0.1 SUI instantly.
Personal asset page
Minting Summary
The MOVE minting started on January 1, 2024, at 00:00 Beijing time. Without entering Rampage Acceleration Mode, the full supply of 10 billion MOVE tokens would take 15 days to mint.
Initially, since fewer than 500 addresses participated per epoch, early minters received significantly more than the 925 MOVE awarded under Rampage Mode. As shown in the image below, early participants could receive over 10,000 MOVE per mint.
Early-stage personal asset view
Thanks to its built-in Burn function, minting MOVE is nearly cost-free beyond gas fees. Interest and participation grew rapidly within the community. By early yesterday morning, the project had entered Rampage Acceleration Mode and remained in it, consistently distributing 925 MOVE per address. Throughout this phase, both automated bots ("scientists") and manual participants ("hand-minters") aggressively minted MOVE by locking SUI, continuing until minting concluded around 6 PM. In total, approximately 46,000 unique addresses participated, generating nearly 10 million transactions and locking close to 1 million SUI (see chart below).
Data after minting
Shortly after minting ended, the team announced via official Twitter that the secondary market would open soon and shared a preview (shown below).
Secondary market illustration
Project Analysis
Currently, MOVE remains worth watching for several reasons:
First, the Burn feature introduces a "capital preservation mechanism." Since initial holders cannot lose money (they can always burn to recover 0.1 SUI), there's less incentive to dump tokens early in the market launch. Moreover, buyers in the secondary market also have stronger incentives to place higher bids rather than engage in reckless dumping.
Second, support from a co-founder of Mysten Labs. Today, a co-founder of Mysten Labs mentioned MOVE, calling it the first intelligent inscription project on the Sui ecosystem—increasing the likelihood of official recognition or mention from Sui’s core team.
Image source: Twitter
Third, a market cap under $1 million indicates significant growth potential. With nearly 1 million SUI locked during minting, estimating MOVE’s value based on SUI’s price gives a current valuation of only $830,000—leaving ample room for appreciation.
Over-the-Counter Trading
Currently, the official secondary marketplace is not yet live, so trading occurs off-platform through private OTC deals.
Notably, last night MOVE tokens were traded on the NFT platform BlueMove, where 925-MOVE units changed hands between 0.17 and 0.2 SUI (see image below). However, since this collection includes other projects, traders should exercise caution to avoid confusion. Other OTC trades also reported prices in the 0.17–0.2 SUI range.
Image source: BlueMove
Conclusion
In summary, MOVE’s unique Burn-enabled capital preservation mechanism increases perceived value for holders. Should the inscription market heat up again—or if the Sui chain officially promotes MOVE—the project could quickly gain strong FOMO momentum and substantial upside potential.
Finally, Odaily Planet Daily reminds investors that the inscription market is highly volatile—thorough research is essential before investing.
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