Place/Date: Singapore - July 6th, 2021 at 2:00 pm UTC · 4 min read
Contact: Virginia Lam, CMO, Source: Moma Finance
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 6th. The IDO will run on the Bounce & 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, through 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 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 safe-guarded 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 – including 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 at 11:00 AM UTC and end at 12:00 Noon 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 at 1:00 PM UTC; 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.
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 within July, 2021
CEO Ocean: Master Degree at Fudan University, senior programmer, serial entrepreneur in the blockchain industry with solid experience in initiating projects such as Gravity (300,000 users), Lichang (1 million users), TokenUp wallet (100,000 users); respected veteran in the Chinese community.
CTO V.C: Master Degree at Fudan University, senior blockchain developer, independently led the development, testing, and deployment of two Ethereum-based DeFi projects, and was involved in the launch of the mainnet and application development of blockchain projects such as EOS, Platon and Worbli.
CMO Virginia: Co-founder of Coins Group, a crypto fund based in Hong Kong, 12 years of experience in digital marketing and internet start-up building; 4 years of experience in blockchain investment and project incubation, invested in over 30 blockchain projects.