Moentum Token MOM: U.S. Stock & Cryptocurrency Exchange?
About Moentum Token MOM
Moentum, MOM, is a public ERC20 based token that will be used in the mainstream digital wallets, which enables real time, peer-to-peer value exchange as well as payment of services all over the world.. With Moentum, you’ll have a global payment network which is fully decentralized with no central authority.
Apart from being able to trade using the cryptocurrencies, Moentum platform will also allow you to trade other stocks. In a nutshell, Moentum is being sold to allow the launching of two exchanges, one that will allow you to trade using cryptocurrencies and the other using stocks. Here’s an in-depth of analysis of Moentum.
Moentum Project Description
According to the founder and inventor of the project, the venture seeks to launch a cryptocurrency exchange which mirrors Coinbase. They also seek to start a fresh US based stock exchange that resembles IEX.
You could be wondering why then not join the already established exchanges? Well, the invents are already patented and will bring the markets at your fingertips as you will be able to trade using your phone. The idea is to empower the traders by ensuring that they are able to use their phones to buy, sell and track the movement of their orders either stock or cryptocurrency.
Additionally, the exchanges will be designed to allow you to trade supersized buy or sell orders. It will also operate as an inimitable market for each buy and sell order that enters the market. This will be achieved through the patented liquidity aggregation tools available in peer-to-peer network. The Moentum (MOM) cryptocurrency will be used to pay for services offered from the two exchanges.
Moentum Token MOM ICO
In order for the project to come to fruition, the developers are seeking funding from the public and that why they have launched the Moentum (MOM) token. This gives investors a chance to be part of the idea through an ICO. Below are the ICO’s details:
- Offering company: Moentum Ltd
- Symbol: MOM
- Accept Currency: ETH
- Pre-Sale: January 24 to April 30, 2018
- Public Sale: June 1 to June 30, 2018
- Value of the token: 1 MOM = 00010 ETH
- Total Tokens: 2 billion
- Total tokens for sale: 1.71 billion
During the pre-sale period, investors will enjoy a discount of more than 60% in the first month. In February, investors will enjoy a discount of 50%, in March the discount will be 40% while in April the discount will be 30%.
However, no discount will be offered during the ICO, therefore, you can take advantage of the pre-sale period and get more tokens. After the end of the ICO, there will be no more production of tokens. This explains the thinking behind the high number of tokens.
Moentum Token MOM Conclusion
Moentum offers a distinct aspect in the blockchain and cryptocurrency industry in that it has patented its technologies. Investing in the idea means that it will take time before it is replicated which can lead to good returns to you.
On the other hand, the number of tokens is way too high and may lead to dilution in the market once the token enters the exchange market. In this case, ensure you have all the requisite information before you make the investment decision.