Momentum (MMT) is a decentralized exchange (DEX) and liquidity protocol built on the Sui blockchain, aiming to become the core liquidity center of the Move ecosystem. The project is committed to solving issues such as liquidity fragmentation and low capital efficiency in traditional decentralized finance (DeFi) through an innovative technological architecture and token economic model, providing a more efficient and fair trading environment for traders, liquidity providers, and token holders.

I. Project Background and Vision

Momentum's predecessor is MSafe, a multi-signature wallet and fund management tool known for its security. As the team delved deeper into the Sui ecosystem, they realized that they could create a more comprehensive liquidity engine to connect various modules of the DeFi world. Thus, Momentum Finance was born, with the vision of:

  • Unified Market: Create a unified market that allows Web2 and Web3 assets to coexist and operate transparently and efficiently while complying with regulations.

  • Efficient Trading: Provide a faster, lower-cost, and more efficient trading experience through a concentrated liquidity model and advanced trading technology.

  • Community Driven: Encourage token holders to actively participate in the decision-making process through a community governance model, ensuring that the development direction of the protocol aligns with user interests.

II. Core Functions and Features

  1. Concentrated Liquidity Model (CLMM)

    • Momentum adopts a concentrated liquidity mechanism similar to Uniswap v3, allowing liquidity providers (LP) to concentrate funds within specific price ranges.

    • This model reduces slippage, increases capital efficiency, allowing LPs to earn higher returns while traders can enjoy lower trading fees.

  2. ve(3,3) Token Economic Model

    • MMT token is the native token of the Momentum ecosystem, adopting the ve(3,3) model, encouraging users to lock tokens to participate in governance and earn rewards.

    • Users locking MMT tokens can receive veMMT, thereby gaining voting rights and reward bonuses, including trading fee sharing and protocol incentives.

    • This model aims to balance the interests of liquidity providers, traders, and token holders, promoting the sustainable development of the ecosystem.

  3. Cross-chain Integration

    • Momentum supports multi-chain asset trading through cross-chain technologies like Wormhole, enabling users to seamlessly transfer and trade assets across multiple blockchains such as Sui, Ethereum, and Solana.

    • This cross-chain capability enhances the interconnectivity of markets and improves overall market efficiency.

  4. High Performance and Security

    • Momentum is built on the Sui blockchain, leveraging Sui's parallel execution and Programmable Transaction Block (PTB) technology to achieve high throughput and low transaction fees.

    • The project also regularly undergoes security audits and collaborates with platforms like HackenProof to launch bug bounty programs, ensuring the platform's security.

III. Token Allocation and Economic Model

  • Total Supply: The total supply of MMT tokens is 1,000,000,000.

  • Allocation ratio:

    • Community Growth: 42.7%, used to incentivize community participation and ecosystem development.

    • Investors: 24.8%, including private placement investors.

    • Team and Advisors: 18%, used for team incentives and advisory fees.

    • Ecosystem: 13%, used to support the long-term development of the ecosystem.

    • Public Sale: 1.5%, allocated to community members through public sales.

  • Economic Model:

    • The utility of MMT tokens includes governance, staking, and providing liquidity.

    • Users earn veMMT by locking MMT tokens, participating in governance decisions, and earning rewards.

    • The staking mechanism allows users to earn rewards and yields on locked tokens, creating a multifaceted ecosystem.

IV. Market Performance and Partners

  • Market Attractiveness: Momentum continues to attract attention in the DeFi space, with its Total Value Locked (TVL) and trading volume steadily increasing.

  • Partners: The project successfully completed multiple rounds of financing, totaling approximately $14.5 million, attracting interest from notable investors like Jump Capital and Sui Foundation.

  • Exchange Support: MMT tokens have been listed for trading on multiple centralized exchanges, including Binance, OKEx, and Bybit, improving the liquidity and accessibility of the tokens.

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