Momentum is a key element in the Move ecosystem, acting as the main driver of liquidity provision and connecting projects in the decentralized finance (DeFi) world. So what is Momentum? Let’s dive into this article.
What is Momentum?
Momentum (formerly MSafe) is the main liquidity provider for the Move ecosystem. Built on the networks of Sui and Aptos, Momentum integrates a variety of advanced DeFi tools, including a decentralized exchange (DEX), a multi-sig treasury management platform, a liquidity provider platform, and more.
In addition, Momentum also uses the ve(3,3) tokenomics mechanism, aiming to become a comprehensive DeFi platform, optimizing capital efficiency and trading capabilities for the entire Move ecosystem.
Key Features of Momentum
Momentum’s core feature is Trade, which allows users to swap cryptocurrency pairs on the Sui system. The platform allows users to customize the slippage level with three options: 0.1%, 0.5% or 1%.
In addition to trading, users can become liquidity providers (LPs) to earn additional interest. The asset pair with the largest TVL and trading volume is currently SUI-USDC. However, the asset pair with the highest APR is ZLP-SUI.
In addition, Momentum also provides other features such as My Position to help users easily track their positions and Leaderboard to display the ranking of LPs providing the most liquidity in the protocol.
How does Momentum work?
Momentum's operating mechanism revolves around the ve(3,3) model, which is designed to ensure fair distribution of rewards and incentives for all stakeholders in the ecosystem, including liquidity providers, traders, and other protocols.
The unique feature of this model is that 100% of MMT token emissions, transaction fees, and other rewards will be transferred directly back to users, creating an economic model:
- For liquidity providers (LPs): They enjoy 100% of Momentum's MMT token emissions when providing liquidity to pools on the exchange. This creates a strong incentive to attract deep liquidity and stabilize the platform.
- For traders: Momentum provides an efficient trading environment with competitive transaction fees and low slippage, helping to optimize profits for users.
- For veMMT (Momentum Token) holders: Users can lock MMT tokens to receive veMMT. veMMT grants voting rights to holders, allowing them to participate in protocol governance, specifically voting on the allocation of MMT emissions to different liquidity pools (gauge weights).
In return, voters receive 100% of transaction fees and “bribes” from protocols that want to attract liquidity to their pools.
$MMT Information
$MMT Key Metrics
Here is the information of MMT token
- Token Name: Momentum
- Ticker: $MMT
- Token Type: TBA
- Total Supply: TBA
- Contract address (CA): TBA
$MMT Use Case
Currently, Momentum has not announced any official use case of $MMT for the project. Whales Market will update immediately when the official Momentum website announces.
$MMT Listing
Here are important details revealed to $MMT:
- Listing time: TBA
- Confirmed CEX Listings: TBA
- Pre-market Price (Whales Market): TBA
Momentum Tokenomics & Fundraising
Tokenomics
Currently, Momentum has not announced any official tokenomics for the project. Whales Market will update immediately when the official Momentum website announces.
Fundraising
Momentum has raised successfully a total of $10M through 3 funding rounds. Funds and organizations that have invested include: Jump Capital, Spartan, Coinbase Ventures, OKX Ventures, Sui Foundation, Varys Capital, Aptos,...
Momentum Roadmap & Team
Roadmap
Currently, Momentum has not announced any official roadmap for the project. Whales Market will update immediately when the official Momentum website announces.
Team
Here is core team of Momentum:
- ChefWEN: CEO
- Vinson Leow: CSO
Conclusion
Momentum is becoming an important element in the Move ecosystem, providing liquidity and promoting the development of DeFi projects. With its ve(3,3) tokenomics mechanism and experienced development team, Momentum optimizes liquidity and creates a sustainable ecosystem, improving capital and trading efficiency.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What is the native token of Momentum?
The native token of Momentum is $MMT, used to facilitate coordination across the ecosystem.
2. What is Momentum ($MMT) pre-market price?
Currently, $MMT is trading at $0.64 on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
3. What is the price of Momentum ($MMT) today?
While Momentum ($MMT) hasn't been listed yet, users can trade $MMT pre-market at $0.64 on Whales Market before the TGE. Here you can trade $MMT before the asset gets listed on leading CEXes like Binance, Bybit or OKX.
4. What is Momentum?
Momentum (formerly MSafe) is the main liquidity provider for the Move ecosystem.
5. How much has Momentum ($MMT) raised?
Momentum has raised successfully a total of $10M through 3 funding rounds, led by Jump Capital and Sui Foundation.
6. What is $MMT allocation?
Currently, Momentum has not announced any official tokenomics for the project. Whales Market will update immediately when the official Momentum website announces.