Sui-Based Momentum DEX to Launch MMT Token Sale on Buidlpad

Momentum Finance to hold MMT token sale on Buidlpad

Momentum Finance, a prominent decentralized exchange on Sui, is set to kick off its MMT Community Offering on Buidlpad. This token sale prioritizes genuine users over venture capitalists, aiming to raise $4.5 million in a fair launch. Participants can buy tokens with immediate ownership, without the often-associated lock-ups of typical early-stage sales.

Key Takeaways

Momentum Finance is launching a token sale for its MMT token on Buidlpad.
The sale offers a unique community-first approach, enabling real users to participate directly.
There will be two contribution tiers: Tier 1 for eligible HODL and WAGMI supporters, and Tier 2 for the general public.
Participants can use SUI, USDC on Sui, or BNB on BNB Chain to contribute.
Momentum continues to elevate Sui's decentralized finance ecosystem and has gained significant backing from notable investors.

A Community-Driven Token Sale

The MMT token sale by Momentum Finance marks a shift from standard fundraising models that often favor institutional investors. Instead, this initiative prioritizes its most engaged community members, including traders, liquidity providers (LPs), and participants from prior initiatives like HODL and WAGMI campaigns.

The token sale will occur in two distinct tiers. Tier 1 will be available at a lower price point and with higher contribution limits for select HODL and WAGMI campaign participants, valuing Momentum at a $250 million fully diluted valuation (FDV). Tier 2 will be open to the general public with a higher valuation of $350 million FDV, aimed at fostering widespread community involvement.

Contributions can be made using SUI, USDC on the Sui Network, or BNB on the BNB Chain. Those who have staked at least $3,000 in eligible Momentum pools by October 25 can participate in Tier 1, while general users who complete KYC can join Tier 2 from October 22–25. The window for contributions will be open from October 27 to October 28, with final allocations expected by October 31. All tokens from this sale will be unlocked at launch, ensuring equitable distribution. Additionally, both Momentum and Buidlpad will implement anti-Sybil measures to prevent fraudulent or duplicate accounts, promoting fairness for legitimate users.

Advancing Sui's DeFi Landscape

Momentum’s partnership with Buidlpad builds upon the success of their HODL Yield Campaign, which has attracted thousands of users into the Sui ecosystem and helped increase the decentralized exchange's total value locked (TVL) to over $550 million. Notably, more than $270 million was raised directly from campaign participants, underscoring the potential of community-driven development.

In addition to boosting liquidity, Momentum is positioning itself as a vital part of the Sui DeFi ecosystem. It has solidified its status as a central liquidity hub through its innovative hybrid ve(3,3) token model, launchpad functions, and concentrated liquidity market-making.

Support from well-known investors, including Coinbase Ventures, Circle Ventures, Jump Crypto, OKX Ventures, and the Sui Foundation, has propelled Momentum to the top as the leading DEX on the Sui network and the third-largest globally by trading volume, trailing only PancakeSwap cake-7.92% and Uniswap uni4.94%.

The Momentum team has described this token offering as a pivotal step towards a more accessible and fair DeFi future—one that allows users to directly benefit from the value they help to create. “This isn’t just a token sale,” they stated. “It’s an opportunity for users to own a genuine piece of what they’ve built together.”