Momentum Finance, the leading decentralized exchange on Sui, has announced plans for its upcoming MMT Community offering on Buidlpad.
Summary
- Momentum Finance will raise $4.5 million through the MMT community token sale on Buidlpad.
- Early campaign participants gain access to Tier 1 at a lower valuation and higher contribution limits.
- The sale reinforces Momentum’s community-first approach and cements its status as Sui’s leading DEX with more than $550 million in TVL.
The token sale aims to give real users, and not venture capital firms, the first chance to own a stake in Sui’s fastest-growing decentralized finance ecosystem.
According to a message from October 10 announcement from Momentum Finance, the MMT Community offering is structured as a fair launch, targeting a $4.5 million raise and allowing real users to participate directly.
Tokens purchased by Buidlpad will be fully unlocked during the Token Generation Event, removing the lockups common in early-stage token sales and granting immediate ownership.
A community-first token sale
Momentum’s MMT sale marks a departure from the typical fundraising model, which favors institutional investors. Instead, the project will provide early access to the most active members of the community, including traders, LPs, and participants in Momentum’s previous HODL and WAGMI campaigns.
The sale will take place in two phases. Tier 1, which offers lower prices and higher contribution limits and values Momentum at $250 million FDV, is reserved for eligible HODL and WAGMI campaign participants. Level 2, open to the general public, has an FDV of $350 million, still designed to ensure broad community participation.
Participants can contribute via SUI, USDC (on the Sui network) or BNB (on the BNB chain). Those who have staked at least $3,000 in eligible Momentum pools before October 25 will be eligible for Tier 1 benefits, while general KYC-verified users can join Tier 2 between October 22 and 25. The contribution window opens on October 27 and closes on October 28, with allocations finalized on October 31.
At launch, all tokens from this sale will be unlocked, ensuring open distribution. Additionally, Momentum and Buidlpad will implement anti-Sybil measures to prevent fraudulent or duplicate accounts from participating, ensuring equality for legitimate community members.
Building the next phase of Sui DeFi
Momentum’s partnership with Buidlpad builds on the success of their previous HODL Yield Campaign, which brought thousands of users to the Sui ecosystem and pushed the total value of the DEX above $550 million.
More than $270 million of this was raised directly from campaign participants, demonstrating the power of community-led development.
In addition to liquidity, Momentum is emerging as one of Sui’s central DeFi pillars. It has established itself as a central liquidity hub thanks to its hybrid ve(3,3) token model, launch pad capabilities and concentrated liquidity market formation.
Backed by Coinbase Ventures, Circle Ventures, Jump Crypto, OKX Ventures and the Sui Foundation, Momentum is now the #1 DEX on Sui and #3 globally by trading volume, just behind PancakeSwap (CAKE) and Uniswap (UNI).
The Momentum team described the offering as a milestone towards a more accessible and equitable DeFi future – one where the community directly benefits from the value it helps create. “This is not just a token sale,” the team said. “It’s an opportunity for users to own a real piece of what they helped build.”
