July 6, 2021 – Singapore, Singapore
Moma Protocol, the project bringing fully customizable lending pools to solve DeFi assets’ liquidity and scalability problems, is conducting its initial DEX offering (IDO) on July 6, 2021. The IDO will run on the Bounce and WeStarter platforms. Simultaneously, there will be an initial exchange offering (IEO) on the HotBit platform.
Through its smart contract Factory, Moma Protocol provides a valuable service to the financial sector. Whether it is for DeFi purposes or asset management, creating and managing customizable lending pools is a big step forward.
Through the protocol’s factory component, teams can meet the market’s lending needs and generate infinite liquidity for particular digital assets via a closed-loop business cycle design consisting of fully customizable launch pools and lending pools. It also creates continuous growth and acceleration opportunities for long tail digital assets, which are always appealing options for users who are trying to diversify their investment portfolio.
The best way to describe Moma Protocol’s business model is B2B2C. More specifically, the protocol caters to the business clients first the B2B aspect and then extends its services through fully customizable lending pools to consumers. All participants in this equation receive a share of the interests generated by the incomes or transaction fees of the liquidity pools.
Platform security and price-feeding accuracy will be safeguarded by a proprietary whistleblower mechanism where users would get rewarded or penalized on a token level, based on the quality of the price-related information they submit.
As the team’s smart contract audit and product beta MVP launch have proven successful, Moma looks towards the future. A seed round and private fundraising has been completed, with a strategic round being wrapped up. Notable investors such as Fundamental Labs, SevenX Ventures, AU21, DFG Capital, MXC, Genesis Shards, Coins Group, Oasis Capital and more than 10 others, including project NFT Stars show a keen interest in this project. As a next step, Moma Protocol will offer its native token to the public through a multi-pronged approach.
The first order of business is organizing the initial DEX offering (IDO) on the WeStarter and Bounce platforms. These sales will commence on July 6, 2021 at 11:00 AM UTC and end at 12:00 PM UTC. Coinciding with these IDOs is the initial exchange offering (IEO) on HotBit, which starts and ends at the same time.
Trading of Moma’s native token will commence on Uniswap and MDEX on July 6, 2021, at 1:00 PM UTC, and MXC and HotBit at 2:00 PM UTC. Those who participate in the IDO or IEO will have different token trading options at their disposal should they wish to explore them.
For more updates, make sure to keep an eye on Moma Protocol’s social channels.
As a solution to meet users’ demand for liquidity, scalability and speculation needs in the DeFi lending markets, Moma Protocol produces, manages, accelerates and aggregates the lending market through a proprietary smart contract factory, creating an ecosystem that can expand infinitely in lending liquidity and market diversity. The beta version of the product has currently been online, and the official version of the product will be live in July 2021.
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Virginia Lam, CMO of Moma Finance
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