/biz/ - Business & Finance

1) What is MoMentUm?

Momentum is a cryptocurrency and blockchain company headquartered in Zug, Switzerland focused on building cutting edge DeFi solutions on the ethereum blockchain.

2) What is MoMentUm token?

Momentum Token is a mix of Balancer and Compound. With the multiple hacks recently suffered by Balancer we realized there is room for innovation in the space. People who hold momentum tokens will automatically earn interest (like compound) from the arbitrage done through the momentum app, which will profit similar to the way balancer does.

3) This sounds great, can you give more details about the timeline?

There will be three presales to raise liquidity for the v.1 release of the Momentum app. The first presale will have a cap of 50 ETHER and a maximum contribution of 3 ETHER per person. It will be held on July 4th at 7:00pm local time (5pm UTC). Momentum tokens sold in the first presale will cost 0.0005 ETHER each.

The second presale will occur on July 10th at 7pm local time (5pm UTC) with an elevated cap of 100 ETHER and a max contribution of 5 ETHER per person. Momentum tokens sold in the second presale will have a price of 0.001 ETHER each.

The third and final presale will occur on July 15th at 7pm local time (5pm UTC) and will have an elevated cap of 200 ETHER and a max contribution of 10 ETHER per person. The third and final price of Momentum tokens will be 0.002 ETHER each.

4) What about the launch of the Momentum app? When will that happen?

Version One Loki of the Momentum app will launch online, on android and iphone on August 8th 2020. It will be an exact copy of the Balancer app with upgraded smart contracts for increased security and arbitrage. Users will be able to balance tokens without fear of being hacked and it will work natively on all platforms.

5) Can I reserve my spot in the presale, or do I have to be online when it happens?