We are pleased to announce our next AMA on October 26th 2020 at 03:00 PM UTC Time: Satoshi Club x Momentum
⚠️Click to see the hour
⚠️Total Reward pool: $1500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Momentum Telegram group
We will have the following structure:
Part 1: 350$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 12 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 350$/15 users – Open chat for 80 seconds. You can post Max 5 questions. Momentum Team will select 15 questions and answer them.
Part 3: 800$ – A quiz about Momentum
For more details:
Momentum – @xmmtoken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What the next Momentum projek? Listing in binance?
There are 3 separate weights that will be use to compute new Momentum values. Please explain the difference between these 3 weights and when will each be use for computation.
What is Momentum’s Destabilization fee all about?
I see that the Quillhash audit report was release September 2020 and there are medium and low level findings. Have these issues already tackled/fixed even if it is not a major problem to Momentum Smart Contract?
Explain why you said that Momentum is a “dynamic deflationary token”.
You intend to lock 91% of the initial supply until December 2021. Wow ,that sounds sexy. My question is this..The remaining 9% will it be enough for the all the projects activities or won’t you need funds for the project developments,staking rewards,ama rewards, marketing ,etc.
If FinanceVote only focuses on “discovery of emerging tokens of the most viable projects”, then why do they show projects like LEND, COMP and AMPL on their websites? Shouldn’t it just be BTC, ETH and TRON?
Auditing plays an important intermediary role in the development of DeFi projects. What audit methods has Finance.vote applied in project development? Can you talk more about it?
Of what benefits is the utilization of both a layer one DAO, the Decentralized Monetary Fund (DMF) and the Layer two $FIN MiniDAO, do you think more projects will adopt it?
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
At this point, do you think you need exchanges as a binance to keep growing? Or is it better to forget those things and focus on other activities.
Could you share with us why you chose the DeFi direction & how do you think Finance Vote is positioned to take advantage of increasing interest in DeFi protocols?
Are community events, maybe gaming competitions, meme competitions or anything a little joyful in the works?
Can you give an overview of $XMM Token tokenomics?
Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage or burning?
What is currently the biggest challenge/challenges that you are facing in terms of becoming a successful project or company and what would you consider as your main advantages on the market over your competitors?
Is there openings in the teams or roles that are left to fill?
What is your view on non crypto users?
Do you have any plans to attract non-crypto investors to Linear finance and how? What are the actions to increase awareness around momentumXMM in non-crypto spacE?
I have heard that XMM plan on doing his own Yield platform, is that true?
How $XMM different from the other liquidity rewards program currently in the market ? As a collateral assets, do you plan to list the token on lending/borrowing platforms?
In your whitepaper, 91% of initial total supply is provided as liquidity and locked until December 21, 2021, after this date, what will happen to the liquidity pool?
As a community driven project, how can I contribute my quota to your success? Do you have a Global ambassadorial Program or Referral Reward System? Do I get any benefits from holding $XMM token in the long term?
What are your long term goals and what are the steps are you taking to ensure that these goals can be achieved?
In your whitepaper as well as in your website, I cannot seem to find your tokenomics, can you please explain here Momentum’s tokenomics, its distribution and allocation?
what is the XMM specialisty??
Please explain below,this MOMENTUM as appeared in your website
Short momentum CLOSER to long momentum will have the fee of 0.75%
Short momentum FARTHER away from the long momentum have the fee between 0.75% to 3.5%
Why the variants in the price of fees?
What do you have to say about your ROADMAP that ends on December 2020,do you not plan any developments in subsequent years?
Your whitepaper is just 3 pages.Very short indeed.Are you going to update it in the near future so as to boost the morale of the investors that you will not exit Scam after the proposed December 2021, 91% token unlock.
Do you intend to use Momentum as a tool for other tokens/coins?
91% of your initial total supply is provided as liquidity and locked until December 21, 2021… After this Lock-up period what happens to all this Tokens how will they be distributed.. will they be completely removed from your liquidity..
You stated that 91% of your Token supply is provided as liquidity and has been locked till December 21 2021 and from your website as at 24th oct 2020 I see that 7.92% of your supply has already been burnt. mathematically this means only about 1.08% of your Tokens should be in circulation.. this project was launched just last month and at this rate how possible is it for you to maintain a minimum burn of 0.75% for every transfer. .is it that the 7.92% is not with respect to your Total supply…can you help clarify this issue please
Apart from Running a deflationary token model what other use case does Momentum offer.. what is the relevance of a deflationary token like yours in the Crypto industry are there peculiar problems that the application of this model by projects can help solve?
As I noticed, the transfer fee is around 0.7% or so. Isn’t it quite big? For 1000$ I have to pay 7$ to make the transfer
What happens when the liquidity locked tokens are unlocked on Dec 2021?
Development of yield protocol is mentioned on the road map. What would this look like? Is this farming?
There are two important values are maintained in the token contract: the Short Momentum and the Long Momentum, what are the impacts of these 2 values during token transfers. Can you give us coherent explanation.
How do you charged a destabilization fee in short and long Momentum. Can you provide us the easiest formula on how to compute it?
On your Q4 road map, you focus in developing custom DeFi Yield protocol incorporating $XMM, could you share to us just even the sneak peek of what you have already started? What will we expect on the outcome?
I’ve read your roadmap carefully but it ands on December 2020… What happens after that? What are the next steps for 2021?
How does Momentum (XMM) seperate itself from other deflationary tokens in the DeFi space? Not naming specific tokens, but a common thread among such deflationary tokens is the potential they have in providing balance to index funds and liquidity pools. What makes Momentum stand out against such tokens, and how do you envision the potential of XMM where it accomplishes that distinction?
I see that you guys are partners with another newly launched DeFi platform DeFiat who also have their own deflationary token, can you talk about this partnership and the value add to Momentum?
Your Whitepaper mentions the use of momentum values thus, making $XMM a dynamic deflating token. What informed the decision to choose this approach as opposed to the widely used method of burning a percentage of the transferred amount? Is this approach much better?
Correction** Tried editing but I couldnt.
Your Whitepaper mentions the use of momentum values thus, making $XMM a dynamic deflating token. What informed the decision to choose this approach as opposed to the widely used method of burning a fixed percentage of the transferred amount? Is this approach much better?
Long momentum and short momentum are 2 main features of your app. Please explain exactly how do they apply and what do they mean
– How does the LM and SM work? Are they different tokens? How is the integration of the different Momentums when the price is concerned?
– The Long Momentum and the Short Momentum work as a margin trading? Where you open positions in short or long?
– Will there be a limit to token burning or will it be done indefinitely? Do you have any established range? How does this favor token holders?
The audit from quill have found that there are a number of issues to be tackled in the medium level severity and low level severity, code is readable but can be improved according to the Solidity’s style guide which is recommended to be fixed before implementing a live version.
Have you implemented the changes which were advised to be made? also, which were the the vulnerabilities they have found?
On your website I can see that about 7.96% have been burned, how much % do you plan to burn? Why is doing this necessary for the project and What are the benefits for $XMM in the medium and long term?
Could you please explain the difference between “SHORT” momentum and “LONG” momentum? How do the transaction rates fluctuate between the two and what do they depend on?
What relationship does Momentum have with DeFiatCrypto? Is it possible to get rewards in $DFT through $XMM? How does this staking system work in Uniswap?
What are the main differences between the two values of the token contract “short momentum and long momentum”? What are the use cases of each one and role in the momentum ecosystem?
In your whitepaper, your explanations about concepts behind the contracts are very mathematical. What is the easiest way to explain Momentum in terms of investment, vision and mission in the crypto world?
Where can i stake XMMx to win XMM? What is the minimum amount to stake and the % of profits?
Can you briefly explain to us in a simpler manner, the short momentum and the long momentum? How does it works differently? What are the excellent and poor side of those two momentum? How they affect each other?
I can see that Momentum whitepaper is consisting of 3 pages only. So are you planning to enhance more to your whitepaper and add additional content or no changes will be made at all? Does all information needed is written already in your whitepaper? Thank you!
Can you share to us the circulating supply of $XMMx token and its uses? However,I cannot see it written in Momentum website and whitepaper. Thank you!
How the destabilising Burn of XMM token calculated?
What is the big achievement of momentum?
Is there any unique facilities in momentum to invest?
– All this behavior of the price range between SM and LM, and its influence on the cost of the rates is quite interesting, but where did you get this method? Did you invent it? Did you perfect it from a previous idea? Or is it a concept that is already in the books of mathematics and economics?
– The “momentum” in trading is an acceleration of the price is a direction and at a certain time, does this concept have something to do with the idea behind XMM? and if not, why is it called that?
As you mentioned, Momentum is a dynamic deflationary token. Can you explain more about how it works? Is Momentum at the forefront of this field?
– At the moment there are only 5 investment pools available for XMM. Which one can you recommend to start investing and when will others be available?
As you mentioned on the site, 91% of initial total supply provided as liquidity and locked until December 21, 2021. Why did you decide this? So how is the remaining 9% used?
Can you tell us about your team? Why don’t you make your group public? Not much information about the project and the team yet, do you think this is the key to holding back the development of the project?
Two important values are maintained in the token contract: the Short Momentum and the Long Momentum, So how are these two determined? What does it mean during use?
Who is Momentum working with right now? What plan do you want to complete before the liquidity opens?
Not too much information about $XMM is mentioned on your website. Please explain more about it, in what cases is it used? Are there any benefits for $XMM owners?
In your whitepaper I see too much technical information, but where is your marketing strategy?
How dou you plan to expand and grow in the world of DeFi? Taking in mind that there is a lot of competitors
Can you explain in a simple way how works the destabilization fee?
If the change in the range is a positive value, the transfer is considerer to have destabilized the momentum and dynamically calculated transfer fee will be applied, can you explain how is this fee?
Can this logarithm wich effect is”punish outliers” be applyed in others proyects in a future?
How is this stabilization fee of 0.75% calculated?
Why did you decide to focus on developing the deflationary token? What problems can it solve?
On your website you mention very little about the role of the community within Mometum, can you tell us a little about the functioning and importance they will have in this project?
Manipulation in the financial markets is a reality and those who suffer the damage are the inexperienced or small investors… Question: Do you have a price control strategy to help us avoid falling into these market traps?
Will it work or what percentage will be the burning of Token XMM? What will be the “top” amount to stop burning them?
Your white paper is quite complex to understand. In simple words, can you explain to us what is the idea of implementing “this SM and LM behavior” in the transaction costs, and how will this influence (and benefit) our investments?
This “deflationary” behavior of Momentum How good is it for the profitability of our investments? Have you tested it enough to be sure of its effectiveness?
In all your roadmap I have not seen any kind of association with other projects, do you have any potential partner in mind? Or is it not in the plans at the moment?
What’s the scariest feature of Momentum? and is Momentum really a promising project?
Do you have a target for non crypto customers? And is Momentum currently focused on getting partnerships, users and customers?
currently cryptocurrency is the choice of people’s business, because of the impact of Covid-19, how do you educate beginners who want to invest in Momentum? and what are the user friendly features of Momentum?
Transfers that move the Short Momentum away from the Long Momentum will have a fee between ~0.75% and ~3.5% or even more in some cases. How can we know exactly what the fee will be at the moment? What determines if it increases, and what is the maximum?
Which transfers put the long and short momentum closer, and which ones set them apart?how can users calculate the esteemed fee of their transactions?
The contract of Momentum was audited by QuillHash. What highlights of Momentum did they recall in their report?
How are you planning to promote your project in different countries, wherein English is not spoken well? Do you have a local communities for them to better understand your project?
on its website it says that the Momentum contracts “were audited by QuillHash and no CRITICAL PROBLEMS were found”, but common or NON-Critical problems were you found? And really what problems are “CRITICAL” in contracts?
Could this “dynamic deflation token” be used for the benefit of other projects? Or do they have to be part of the ETH chain, like being associated with Momentum?
For months we observed that the transaction fee costs in the ETH chain were really expensive, but with the vision of Momentum and its implementation of cost variation in “Short Momentum and Long Momentum” can these costs be controlled?
The contracts that will be accepted in this future Momentum DeFi protocol, will it be valid only for the native XMM tokens? Or will it be available for every currency that is listed on Uniswap?
You say that “We believe that transparency is the key”, right? If so, in case of presenting any problem with contracts or with exchanges or liquidity and its blockage, who can I contact to solve it? I was looking for and on your website there is no “Technical Support”, don’t you have it?
Does it have any explanation why to implement a cost of 0.75% when it is closer to the short moment of the Long one and between 0.75 and 3.5% when it is further away? or was that defined by the executive management of Momentum?
really what would be those “RARE CASES” that can be found in the transfer of contracts? And how much would the% increase in the minimum transaction be?
As crypto users we don’t want to lose our assets to some scam projects that run away and disappear with our money but now have many super hackers so security- scalability and data privacy are three aspects that are very important at enterprize level, how Momentum foundation handle these issues?
Currently, besides Uniswap, where can I liquidate XMM? in the route map I do not see the plan listed on the CEX exchange, do you intend to do it in the male next time?
Please state what are some of these rare cases “Transfers that move the Short Momentum further away from the Long Momentum will be charged a destabilization fee between ~ 0.75% and ~ 3.5% on average, and in rare cases a little bit more “? Why should an investor pay 3.5% fee when using your platform? and what is the rare rate?
I think Momentum is really great project, just need more promotion. Do you have any bounty program about Momentum project for community?
91% of initial total supply provided as liquidity and locked until December 21, 2021. I am curious what happens after that? You will get out all the liquidity?
Your smart contract still have 8 low level severity issues and 5 medium level severity issues after audit by Quillhash. As a programmer i think you should fixed it as soon As possible, when will you fix it and update again to your website?
What kind of leadership/management style do you promote in Momentum and How does your business generate income? .
How do employees measure the impact of their work in Momentum
How might the person in this role contribute to the organization’s mission?
You intend to withdraw your 91% of your token from liquidity pool by December 2021.Why not 30% or 40%,don’t you think giving us this knowledge in advance will make your investors to sell off there holdings before the proposed date,knowing that lack of liquidity affects token prices negatively.
Is there any other use for $XMM token beside for stacking it at defiatcrypto? What’s your plan for $XMM token so it can be exist for long Term?
i’ve read through the whitepaper but there’s no explaination on the purpose of the project or the tokenomics? Can you explain more on both ? how much is the allocation to the team and is it locked ?
what’s the ultimate aim of the momentum project ? is it to be use as some form of value storage mechanism ? the more we trade, the more the token burns, when will the token burn stops ?
the way the token works is quite confusing, anyway to explain it like i’m a five year old ? Who do you see as your partner that can work with you to bring more user onboard ?
Why is Momentum designed as a dynamic deflation marker? What advantages does this deflationary model bring?
What’s roadmap of MOMENTUM in 2021?
How is the transfer fee determined for transfers between Short Momentum and Long Momentum? What is the reason for the price differences between the two momentums?
How is the duration of the transfers between short momentum and long momentum ensured? In what cases is the destabilization fee paid in the transfer fee?
Why every transfer always burns at least 0.75%
what are the benefits of this burning
Where can I buy XMMx?
stake XMMx (Uniswap XMM / ETH liquidity token) and get XMM. This pool will live for 3 months.
apart from Uniswap, we can do Stake anywhere and what are the requirements?
XMM de-release token? Explain what tools you use to fight inflation
I looked at the pools that you propose. I was interested in the distribution of 25/25/25/25. Of course, visually, this set of numbers looks nice, but how will it be in practice? Who or what can affect the balancing? Or are these values unchanged?
Can you tell what do you mean by dynamic deflationary token? Won’t it effect price of token?
What is Short Momentum and the Long Momentum, are they two tokens?
I have tried to find information about your team everywhere but couldn’t. Maybe I didn’t search properly? Please share with me information about the team. It is important to gain the trust
Can you tell us what are the main benefits of a $XMM Token holder? For investment purposes, why do we have to invest in $XMM & what benefits does $XMM give to holders?
From your website, it says Transfers that move the Short Momentum closer to the Long Momentum will have a transfer fee of ~0.75%. Transfers that move the Short Momentum further away from the Long Momentum will be charged a destabilization fee between ~0.75% and ~3.5% on average. The transfer fee for the latter is too exorbitant to me. Why is it that high and what will the transfer fees be used for?
Momentum is a dynamically deflating ERC20 token. Can you please explain what you mean by deflating ERC20 token?
Most of New Crypto projects First listed on Uniswap.. Because Uniswap very easy and most of investors Will be using uniswap..
My question is : I see Momentum listed on uniswap..So, Does Momentum have plan XMM listed on other CEX OR DEX?
Does Momentum have Staking program?. If yes, How can we Staking For XMMx?.And where we Staking XMMx?. What is the reward For staking?
In the current bull market, what is the Team’s plan to build trust for investors to trust and hold long-term XMM tokens?
Can the Dev tell us about his academic background and working experience including his journey towards creating xmm?
And why has Dev chosen to be anonymous?
What are Destabilisation fees and why do you call them destabilisation fees and not stabilization fees as people want stability? Why does the graphical representation of the mathematical formula of Destabilisation fees = ~ 0.75(1+ln(P/2)) involve logarithmic function and not any Polynomial function or Exponential function?
Today is my birthday. Spanish wine, Georgian cognac and Ukrainian vodka are on the table. Assets for every taste, complete decentralization. What assortment can you offer? Can I somehow influence the choice of coins in existing pools or the creation of new ones?
You have entered long and short momentums. Why is there such a difference in commissions, why does it depend and for what purpose was it invented?
Your system is too mathematical that makes it tough to fully understand. If users do not understand a system, they don’t/can’t use it. So do you have any plans for making your system easy to understand?
Why have you preferred to use the Golden Ratio for some calculations? Have you detected something special in the market related to this miraculous number?
Your contract has been verified by QuillHash. It is written that no critical problems were found. Were they insignificant? Have you dealt with it? Are you planning to contact another audit company?
Your whitepaper is more of a Technical Mathematical paper as it is filled with formulas and mathematical terms like values, weights, range, golden ratio, graph, etc. What are the advantages and difficulties of adding such mathematical complexities to your smart contract? Will you release a litepaper discarding the technical and focusing mainly on what you do in a layman way?
Why is a Destabilization Fee required by Momentum system?
You believe transparency is key. So please tell us if there are any weak or maybe sensitive points within Momentum project that users should be careful while dealing with?
Will you list the $XMM coin on different major exchanges?
My question is : Aside listing on uniswap will $XMM be listed on any other CEX or Dex ?
What will happen after 91% of tokens are unlocked at the end of 2021, what impact on the market can this have? Why did you decide to block such a large percentage?
Your contract has been audited by QuillHash and there were no critical issues found but still the report shows 5 Medium severity issues still open, one of which involves Burning and these could potentially bring problems and should eventually be fixed. Are these issues fixed now and will you audit the contract from other parties?
I did not find any Roadmap in Momentum Website. Would you please inform us about your future plans?
I saw in your roadmap that september october 2020 investigating partnerships and integrating with existing DeFi yield protocol.
What is the purposed of this partnership? Do you have any plan to ignite with other DeFi yield protocol to improved your momentum project?
What benefits i can get if i invest with your token aside from it is a dynamic deflationary token what is the other satisfying side of the momentum project?
How is “Range” determined by the system? Range being small or big is a sign of what?
According to whitepaper, there is golden ratio among three weights, Is its value constant,or it is variable??
In whitepaper, the formula mentioned used to calculate new momentum also uses the previous momentum, How the value of previous momentum will be determined,or its already known??
In your website it is stated that in every transfer there will be burnt some tokens, what mechanism did you plan to distribute the burnt tokens?
Momentum = Weight x Velocity. You have Weight in your system, what about Velocity? Is there any parameter that you consider as Velocity?
Passing through the white paper of momentum project i has seen it has complicated calculation.can you explain me what these calculations actually represent your project?
On your brief white paper, you mention that you intend to stabilize transfer size. With that purpose, there is also a ‘punishment’ mechanism for outliers. Please could you explain how that mechanism works? And what measures are you implementing to guarantee that such ‘punishment’ does not disencourage people from using Momentum?
is Momentum will be a big project in future? big project here means, on liquidity, will be add more and locked, and also will make an exchange or pool/stake.
What do you guys see as the biggest barrier preventing DeFi/synthetic assets in particular from gaining widespread adoption?
Token prices across different exchanges are not the same, they vary by tenths to a thousandths decimals. How would momentum assess what price is the TRUE price of the token?
Momentum means…?can you explain shortly pls…