Discover Momentum (MMT) – Binance’s Latest Addition to the HODLer Airdrops Portal

Key Points

• Binance announces its 56th project, Momentum (MMT), on the HODLer Airdrops portal.
• Momentum aims to build a global financial OS on the Sui chain for the tokenized future.

On November 3, Binance disclosed its latest project, Momentum (MMT), on the HODLer Airdrops portal.

Those who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from October 17 to October 19 are eligible for the airdrop.

About Momentum (MMT)

Momentum is striving to establish a worldwide financial OS on the Sui chain and beyond, aiming at a tokenized future. Coinbase, Circle, OKX, and Jump Crypto back the project.

The DeFi protocol is designed to drive liquidity, trading, and governance, aligning the interests of traders, LPs, and token holders.

Momentum purports to be the OS that will power the next era of global finance, where crypto and RWAs will be traded on a single platform.

To achieve this, Momentum has outlined three phases: trading Sui-native assets, expanding cross-chain, and unlocking tokenized RWAs.

Momentum DEX and MMT Token

As of November 3, the Momentum DEX 30-day volume exceeded $12 billion, and the project’s TVL nearly reached $265 million.

The Momentum DEX allows users to connect multiple wallets to trade on the platform, and it features multiple liquidity pools and vaults.

MMT is the governance token of the Momentum ecosystem, with utilities including a bonding mechanism, governance and participation, community rewards, and privileged access.

The total supply of MMT will be 1 billion tokens, with more than 204 million MMT tokens circulating initially.

The MMT token allocation includes 42.7% for community growth, 24.8% for investors, 18% for the team, 13% for the ecosystem, and 1.5% for public sale.

Binance’s HODLer Airdrops token rewards are 7.5 million MMT tokens, with 5 million MMT tokens allocated by Binance to marketing campaigns after the spot listing.

Binance will list MMT on November 4 and will open trading for MMT/USDT, MMT/USDC, MMT/BNB, and MMT/TRY pairs.

The exchange will also launch MMT on Binance Alpha, a platform created to showcase early-stage projects with growth potential in Web3.