Mr Bụt
💥 Dear community, VIC GROUP will host an AMA with MOMA FINANCE
Guest AMA Ocean is CEO of MOMA FINANCE
Today’s AMA consists of parts
👉Part 1 : Basic Introduction of MOMA FINANCE and Guest Ocean is CEO of MOMA FINANCE
👉Part 2: Guest Ocean is CEO of MOMA FINANCE will answer community questions from to form
👉Part 3: All members can ask anything directly about MOMA FINANCE
Group will be muted now for the AMA to start
We’ll start with part I
👉Part 1 : Basic Introduction of MOMA FINANCE and Guest Ocean is CEO of MOMA FINANCE
Can briefly introduce about MOMA Finance and themselves to everyone ?@oceanliao
Ocean Liao
Hi all! I am Ocean, an entrepreneur in the blockchain industry. Since 2017, I have been building projects such as Gravity (the largest EOS node with 300,000+ token holders), Lichang (a community app with 1 million+ users), and TokenUp Wallet (a multi-chain wallet with 100,000+ users).
I guess I am a “familiar name” or veteran among the Chinese blockchain community. And I am Founder & CEO of Moma Finance.
I am a long-termist and idealist myself. I like to do some innovative things and enjoy the process from 0 to 1.Maybe I will not succeed every time, but I have always been trying to change the world through the efforts of myself and our team.
Next, I will briefly introduce our Moma Protocol to u guys.
Moma Protocol is a solution that meets the liquidity, scalability, incentive diversification, and speculative needs of the lending markets.With Moma Protocol, everyone can create and manage lending markets. The protocol offers a proprietary customizable Smart Contract Factory which serves the lending markets and users in three roles:
1.Factory
2.Launcher
3.Aggregator.
Factory is smart contract factory that can produce and manage Launch Pool and Lending Pool.
Launch Pool is a customizable Pre-Lending Pool designed for community mining. Community tokens can be distributed for any projects through the Launch Pool.
Lending Pool is a customizable lending market pool with an over-collateralized loan structure. This pool can support lending and borrowing in any market.
Aggregator is a calculator and analyzer based on Pool and market data. It helps users solve their personalized DeFi demands for lending, borrowing and community mining of crypto assets.
Done with the intro.
Mr Bụt
Yes, thanks for the brief explanation of the project from the guests, we will continue with the second part of the AMA
👉Part 2: Guest Ocean is CEO of MOMA FINANCE will answer community questions from to form
Question 1 : Now please tell us about your project “MOMA PROTOCOL” What was the initial thoughts behind this project how this idea came into your mind?
Ocean Liao
The platform idea of creating Moma Protocol came from two parts.
First, when I used Uniswap for the first time in 2019, I was totally overwhlemed about its permissionless and anonymous product logic. Anyone can create. Anyone can use. Anyone can participate. It’s really the kind of infinite game I always prefer!
When we were initiating our own DeFi project, I kept asking myself what is the best way to implement lending markets with unlimited scalability. Finally we decided to adopt this Factory pattern to produce customizable Launch Pools and Lending Pools, and the two types of Pools provide use case scenarios for each other, so in theory, infinite liquidity could be generated in this close loop platform design.
Second, before we established Moma, we already were running a two-year-old community app with over 1 million registered users and over 30 blockchain project partners. We believe Moma can offer real value to our existing users and business partners by providing a DeFi solution that suits today’s real market needs.
We have great confidence about the development of the crypto-industry and the DeFi market in the near future. Moma Protocol will play an important role in the field of DeFi market infrastructure, we always maintained the original motivation and enthusiasm.
Mr Bụt
Yes thanks for the reply from the guest we will continue to the second question
Question : What is the most unique thing MOMA FINANCE brings to the blockchain community? How is it better than other platforms?
Ocean Liao
Moma Protocol differs from its competitors in multiple dimensions,I will choose some of these features to share with u guys.
1.Limitless Markets: Moma can support an unlimited number of assets, while Aave, Compound and Cream only support a limited number of assets.
2.User-defined pools: Moma offers a customizable pool solution, while Aave, Compound and Cream do not.
3.Application scenarios: Moma’s use case scenarios are extended to Launch, Lending, and Aggregate, while Aave, Compound and Cream’s user case scenario limits to lending.
4.Incentive tokens: Moma can have an unlimited types of incentive tokens, not just Aave, Comp and Cream tokens.
5.Risk management: Moma creates a multi-folded and sophisticated risk management framework, including: Token Risk Rating Database, Reserve Pool, Dao Pool and Whistleblower Mechanism. Aave, Compound, and Cream mainly rely on a single token risk framework.
6.Anyone can create pools ! Anyone can use ! Anyone can earn !
Mr Bụt
Thanks for the reply from the guest, let’s continue with the 3rd question
Question : What is the main role of $MOMAT in your project? What are the benefits of holding $MOMAT in long-term?
Ocean Liao
$MOMAT Token is the native governance token of the Moma protocol. The utility and use cases of $MOMAT include but are not limited to:
$MOMAT holders can obtain part of our platform’s revenue.
$MOMAT holders can enjoy certain privileges and interests for future use of the platform’s lending market or other services.
$MOMAT holders can vote to participate in the development and key governance of the platform.
$MOMAT holders can stake $MOMA into the DAO Pool to get incentives.
We will continue to innovate in the design of the token economy, and the holders of $MOMAT will be the owners of Moma DAO.
Mr Bụt
Thank you for the answer from the guest, next question
Question : Marketing is a significant factor for every project. What’s your plans for attracting users towards MOMA ecosystem?
Ocean Liao
For the business development side, here is our plan:
1–3 weeks: As our product and the first Launch Pool goes live, we will continue to get more high-quality projects in the pipeline and use high-yield to attract market attention and capital participation.
1–3 months: As we continue to have more Launch Pools, some of those will be upgraded Lending Pools and boost the TVL on our platform and some of our company’s existing project partners would be joining us then.
3–6 months: We will engage in strategic cooperation with DeFi platforms to provide a multi-variety token lending markets to fill up the gap in other competing platforms.
As for the user side, we will be actively launching different user-first campaigns to encourage participation, such as project ambassador plan, on-going community events, launch of DAO, and other incentive programs with other platforms with good traffic.
Mr Bụt
Thanks for the reply from the guest
Next Question : What problems is your project trying to solve to make it easier for Crypto users? Please let us know how evolving the
Ocean Liao
As an innovative solution for the DeFi lending market, Moma Protocol produce lending markets through the Moma factory. More lending markets will support more digital assets, which can meet the borrowing demands of Crypto users for long-tail assets.
In our roadmap, the most important milestone is the launch of Moma Protocol’s mainnet, and we plan to complete this goal within July. After that, we continued to expand the number of lending pools, and we strive to bring in at least 100 partners to complete the creation of 100 Lending Pools within 12 months.
In Q4, we will start Moma’s multi-chain expansion plan. BSC, Polygon, and Arbitrum are our important on-boarding goals. We will schedule the landing priority in Q3 and complete the release of at least one multichain version in Q4.
In terms of product functions, we plan to gradually introduce Dao Pool and whistleblower mechanisms in Q4 to make Moma’s risk management mechanism more multidimensional and mature.
Mr Bụt
Well thanks for all the questions from the community and the replies from the guests
Before the end of Part II I will have one last question
Last Question : Are there any exciting news about Moma Protocol that Ocean would like to share with our community members?
Ocean Liao
First of all, Moma Protocol is about to usher in an important milestone-the launch event of Moma governance token $MOMAT. We will launch IDO at WeStarter&Bounce at 11:00 (UTC) on July 6th, and launch IEO at Hotbit. After IDO, we will list MXC, Hotbit, Uniswap & Mdex at 13:00 (UTC) on July 6th. Currently, the Bounce whitelisting event is still in progress, More detail: https://twitter.com/Moma_Finance/status/1411309246281617418
Secondly, regarding the progress of the Moma product, our current contract has passed Certic’s audit, and the beta version of the product will be launched soon. The product will also be officially launched this month, and some partners have determined to open the Launch Pool and Lending pool after the product is launched.
Finally, currently we have prepared a competition event and prepared a $12,500 incentive pool for community users, More detail: https://twitter.com/Moma_Finance/status/1411334517613240325
Mr Bụt
Well thank you for all the updates and upcoming time plans from the guests, the end of part II
We will continue with part III
👉Part 3: All members can ask anything directly about MOMA FINANCE
Group will be unmute now for everyone to ask questions
Question : So, do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
As a lending market protocol, Moma can generate income through any market lending and borrowing in the future, and part of these income can be used to buy back and burn $MOMAT.
Question: Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?
For risk management,Moma will adopt some mechanisms to reveal and handle the risk,such as Crypto Asset Risk Rating Database,Whistleblower,Reserve Pool and Dao pool.
Moma’s code is audited by two different safe partners for eliminate all the leak.And We will continue to improve the code safety of Moma.
Question : With the unpredictable and volatility of market which unavoidable ,how will your project still manage to grow and make money for stakeholders?
The greatest strength is the team behind $MOMAT, not only the token itself. We have launched three products before and has trackable record of being reasonably successful in the industry. We have a solid community foundation, great B2B partnerships, good tech experience and good algo design skills. Most importantly, we are that kind of team that would stick through ups and downs and will not give up easily until we achieve our goals. It always look impossible until we make it happen and turn it into possible. We hope you would be with us and witness and share our success together.
Question : what companies are you partnered with or seeking to partner with in future ?
We have confirmed to partner with Hotbit、Anyswap、NFT Stars and Octopus Protocol when we launch the live version of our product after listing, and are in talks with another five projects.
As for our pool partnership pipeline, our strategy is to get at least one project to join as every week at the initial phase. This is not our first blockchain project and we have partnered with over 30 projects in our company’s community app, we are confident that some of our existing would join us when we are live. We would also focus on bettering our product and user experience, and let our product’s quality speak for itself, and that would get us new partnerships too.
Question: Where can i buy token ?
July 6 👇👇👇
Hotbit IEO: 11:00am UTC
Bounce & WeStarter IDO: 11:00am UTC
Uniswap, Mdex, MXC & Hotbit trading opens: 1:00pm UTC
Thank you all guys for spending time to learn more about Moma Protocol. If you want to learn more about Moma Protocol, invite you join our official channels.
Twitter：https://twitter.com/Moma_Finance
Telegram:https://t.me/Moma_Official
Mr Bụt
Thank you for all the questions and answers from the guests in part III
Any questions or any questions please Join
https://t.me/Moma_Official
AMA END