Here we go! Another exciting project that you can take part in on your favorite launchpad! Moma Protocol is on course to launch its IDO on Ignition. Moma Protocol offers solutions to the DeFi lending industry through its proprietary framework. With backing from over 15 financial institutions, Moma Protocol is a platform to watch! The following are important dates for those who want to be part of an industry-shifting movement.
📋 Whitelist Start: Tuesday May 18, 2021.
⏰ Whitelist Close: Friday May 21, 2021 – 4AM UTC.
🚀 IDO on Ignition: Thursday May 27, 2021 – 11AM UTC.
Whitelist for the Moma Protocol IDO on Ignition here.*
What is Moma Protocol?
Liquidity, scalability, and speculation. These three define the existing challenges in the DeFi industry. Despite the existing solutions in various platforms, no platform has successfully tackled the challenges at once the way Moma Protocol does.
- Using its proprietary framework, the platform creates a system where the ecosystem is incentivized to provide liquidity throughout.
- For scalability, Moma Protocol’s partnership with Polkadot signifies they are ready to deliver in conjunction with increasing demands that will arise from the market.
- They plan to deliver on speculation using an aggregator designed explicitly for its ecosystem. The aggregator analyzes pool and market data making it easier for users to personalize their borrowing and lending preferences.
Therefore, Moma Protocol is, as it aptly describes itself, a factory, launcher, and aggregator for decentralized money markets.
How it works
There are four facets to the operations of Moma Protocol.
As can be derived from its name, Factory produces smart contracts used to produce and manage two other facets of Moma Protocol, Launch Pool and Lending Pool. A user can use the smart contract factory to create customized pools to operate and generate profits entirely.
Launch Pool is the supply hub of the Moma Protocol ecosystem. It is also a customizable pre-lending pool where community members can mine and the resulting community tokens distributed for any projects through this pool.
Lending Pool is designed to support the borrowing and lending patterns of any market. It is customizable, with an over-collateralized loan structure that creates stability and balance in the Moma Protocol lending ecosystem.
Aggregator is the tool, as mentioned earlier, employed by Moma Protocol to help in speculation. It considers various parameters, including a user’s borrowing and lending habits, to determine the best finance facility for the user.
Moma Protocol also features a risk management system ensuring that its members are cushioned from losses through a reserve pool or prevented from potentially committing to potentially risky assets through whistleblowers and a crypto asset risk rating database. These facets work together to give an enhanced DeFi experience to users on the Moma Protocol ecosystem.
The $MOMAT token
The primary use of $MOMAT is to incentivize participation in the Moma ecosystem. Holders gain the advantage of voting governance, collateral for creating sub-markets, and collateral of involvement in platform income. All the collateral is paid in $MOMAT.
Here are some key figures on $MOMAT performance thus far. The main takeaway denoting just how oversubscribed Moma Protocol’s private and strategic sale was; a testament to the level of anticipation and excitement surrounding the project.
- Hardcap: $3.69M
- Initial Mcap: $1.854M – 5.15% of total token supply at TGE
- Total Diluted Mcap: $36M
- Public – Price: $0.36 | Total Raise: $360k
- Listing – Price: $0.36
*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which vary per project on a case to case basis. For a list of Moma-specific restricted KYC countries, check HERE.
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol which allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform, it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
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