Momentum Finance, the leading decentralized exchange on Sui, has announced its upcoming MMT Community Offering on Buidlpad.
Summary
- Momentum Finance is aiming to raise $4.5 million through its MMT community token sale on Buidlpad.
- Early campaign participants will enjoy Tier 1 access, featuring a lower valuation and higher contribution limits.
- The sale reinforces Momentum’s dedication to a community-first approach, further solidifying its status as the leading DEX on Sui with over $550M in TVL.
The token sale is designed to empower genuine users, rather than venture capitalists, allowing them to take their first steps in owning a part of Sui’s swiftly growing decentralized finance ecosystem.
As stated by Momentum Finance on October 10, the MMT Community Offering is structured as a fair launch, aiming to raise $4.5 million while enabling real users to participate directly.
Tokens purchased via Buidlpad will be fully unlocked during the Token Generation Event, eliminating the typical lock-up periods associated with early-stage token sales and providing immediate ownership.
A community-focused token sale
Momentum’s MMT offering signifies a departure from traditional fundraising methods that favor institutional investors. Instead, this initiative provides early access to its most engaged community members — including traders, liquidity providers (LPs), and prior participants from campaigns like HODL and WAGMI.
The sale will be segmented into two tiers. Tier 1 provides more advantageous pricing and increased contribution limits, evaluating Momentum at a $250 million FDV, and is exclusively for qualifying HODL and WAGMI participants. Tier 2, available to the general public, is valued at $350 million FDV to foster widespread community participation.
Contributors can participate using SUI, USDC (on the Sui Network), or BNB (on the BNB Chain). Those who staked at least $3,000 in qualifying Momentum pools by October 25 will gain Tier 1 benefits, while KYC-verified users can access Tier 2 from October 22 to 25. The contribution period will run from October 27 to October 28, with allocations finalized by October 31.
Upon launch, all tokens from this sale will be available for open distribution. Additionally, Momentum and Buidlpad will implement anti-Sybil measures to prevent fraudulent or duplicate accounts from taking part, ensuring fairness for genuine community members.
Propelling the next phase of Sui DeFi
Momentum’s partnership with Buidlpad builds on the success of their previous HODL Yield Campaign, which attracted thousands of users to the Sui ecosystem and contributed to raising the DEX’s total value locked above $550 million.
From this, over $270 million was directly sourced from campaign participants, highlighting the effectiveness of community-driven initiatives.
Beyond liquidity, Momentum is establishing itself as a vital component of Sui’s DeFi landscape, serving as a key liquidity hub with its hybrid ve(3,3) token model, launchpad capabilities, and concentrated liquidity market-making.
Backed by Coinbase Ventures, Circle Ventures, Jump Crypto, OKX Ventures, and the Sui Foundation, Momentum currently leads as Sui’s premier DEX and ranks #3 globally by trading volume, only behind PancakeSwap (CAKE) and Uniswap (UNI).
Momentum’s team considers this offering a pivotal advancement toward a more inclusive and equitable DeFi future, ensuring the community reaps the benefits of the value it contributes. “This isn’t just a token sale,” the team emphasized. “It’s a chance for users to own a tangible piece of what they have helped create.”
