Momentum Finance, the prominent decentralized exchange on Sui, is gearing up for its highly anticipated MMT Community Offering on Buidlpad.
The token sale is set to raise $4.5 million through the sale of MMT community tokens on Buidlpad. Unlike traditional fundraising models that prioritize institutional investors, this offering aims to give real users, such as traders, liquidity providers, and participants in Momentum’s previous campaigns, the chance to own a stake in Sui’s rapidly growing decentralized finance ecosystem.
The MMT Community Offering will be conducted in two tiers. Tier 1, which offers lower pricing and higher contribution limits, is reserved for eligible HODL and WAGMI campaign participants, valuing Momentum at $250 million FDV. Tier 2, open to the general public, values Momentum at $350 million FDV, ensuring broad community participation.
Participants can contribute using SUI, USDC (on the Sui Network), or BNB (on the BNB Chain). Those who staked at least $3,000 in eligible Momentum pools by Oct. 25 qualify for Tier 1 benefits, while general KYC-verified users can join Tier 2 between Oct. 22–25. The contribution window will be open from Oct. 27 to Oct. 28, with allocations finalized by Oct. 31.
At the Token Generation Event, all purchased tokens will be fully unlocked, providing instant ownership and eliminating lock-ups often associated with early-stage token sales. To ensure a fair distribution, Momentum and Buidlpad will implement anti-Sybil measures to prevent fraudulent or duplicate accounts from participating.
The partnership between Momentum and Buidlpad builds on the success of their previous campaigns, which brought thousands of users into the Sui ecosystem and boosted the DEX’s total value locked to over $550 million. Momentum has positioned itself as a key player in Sui’s DeFi landscape, offering innovative token models, launchpad capabilities, and concentrated liquidity market-making.
With backing from prominent investors like Coinbase Ventures, Circle Ventures, and OKX Ventures, Momentum has solidified its position as the leading DEX on Sui and the third-largest globally by trading volume. The team behind Momentum sees the MMT Community Offering as a significant step towards a more inclusive and equitable DeFi future, where the community directly benefits from the value it helps create.
In conclusion, the MMT Community Offering represents a unique opportunity for users to own a real piece of the ecosystem they have actively contributed to building. It signifies a shift towards a community-driven approach to DeFi, where users are at the forefront of innovation and growth.