Ah, Momentum! The latest grand spectacle in the vast theater of decentralized exchanges. Built upon the mighty Sui blockchain, this DEX, if one may dare to call it that, has secured a $100 million strategic funding round. What’s that? Yes, a hundred million dollars, led by the mighty OKX Ventures. Truly, the market has become a veritable circus, and Momentum is eager to step right up and perform its dazzling tricks.
Let us not get lost in the dull semantics, my dear friend. A ve(3,3) DEX, they say. Oh, how the masses cheer when something ‘new’ and ‘innovative’ enters the stage! Momentum, it seems, has pulled off quite the financial feat, securing the backing of numerous illustrious entities: Coinbase Ventures, Protagonist, DNA Fund, and others. A constellation of financial giants, each with their own hidden agendas. But no matter, for now they dance in harmony. The $100 million? It will be used to scale operations, they say, increase liquidity depth, and develop yet more ‘features’ to please both the retail masses and the high-rolling institutional players. How noble, how wonderfully forward-thinking!
Of course, we must not forget the earlier funding rounds—March’s humble $10 million event led by Varys Capital, preceded by the stalwart Circle Ventures and the ever-so-wise Sui Foundation. Each dollar, each venture, another stroke of paint on this ever-expanding masterpiece of financial architecture.
Now, hold your applause! For alongside these titans, we find support from illustrious figures like Coin Bureau and the enigmatic @theonlynom of Bonk fame—truly, this is the stuff of legends. One might almost hear the angels singing. Or perhaps, merely the hum of a well-oiled money machine. But I digress.
Momentum, you see, is not just another DEX. Oh no, dear reader, it employs the revolutionary ve(3,3) tokenomics model. A model so complex, so intricate, that only the most devoted would dare to understand it. Users, in their infinite wisdom, lock up their MMT governance tokens, gaining both voting power and a share of the platform’s revenue. Ah yes, the great game of redistribution—trading fees and rewards, flowing like a river to the veMMT holders. Surely, this will unite liquidity providers, traders, and the protocol itself in some utopian dance of mutual benefit.
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2025-06-06 10:52