AMA Satoshi Club x Momentum, October 26th

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

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⬇️⬇️⬇️ Leave your comments bellow ⬇️⬇️⬇️

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MRXANONY
Guest
MRXANONY

What the next Momentum projek? Listing in binance?

Telegram Username
@MRXANONY
Jacob
Guest
Jacob

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.

Telegram Username
@AmirJosh
Jacob
Guest
Jacob

What is Momentum’s Destabilization fee all about?

Telegram Username
@AmirJosh
Jacob
Guest
Jacob

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?

Telegram Username
@AmirJosh
Solace johnson
Guest
Solace johnson

Explain why you said that Momentum is a “dynamic deflationary token”.

Telegram Username
@HurricaneLad
Solace johnson
Guest
Solace johnson

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.

Telegram Username
@HurricaneLad
Sandy Firmansyah
Guest
Sandy Firmansyah

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?

Telegram Username
@CLOVER_JR
Sandy Firmansyah
Guest
Sandy Firmansyah

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?

Telegram Username
@CLOVER_JR
Sandy Firmansyah
Guest
Sandy Firmansyah

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?

Telegram Username
@CLOVER_JR
sansstore
Guest
sansstore

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?

Telegram Username
@cloverR7
sansstore
Guest
sansstore

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.

Telegram Username
@cloverR7
sansstore
Guest
sansstore

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?

Telegram Username
@cloverR7
baguette
Guest
baguette

Are community events, maybe gaming competitions, meme competitions or anything a little joyful in the works?

Telegram Username
cryptofromage
Sandy Firmansyah
Guest
Sandy Firmansyah

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?

Telegram Username
@CLOVER_JR
Sandy Firmansyah
Guest
Sandy Firmansyah

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?

Telegram Username
@CLOVER_JR
baguette
Guest
baguette

Is there openings in the teams or roles that are left to fill?

Telegram Username
cryptofromage
Sandy Firmansyah
Guest
Sandy Firmansyah

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?

Telegram Username
@CLOVER_JR
baguette
Guest
baguette

I have heard that XMM plan on doing his own Yield platform, is that true?

Telegram Username
cryptofromage
sansstore
Guest
sansstore

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?

Telegram Username
@cloverR7
Jun
Guest
Jun

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?

Telegram Username
@Jmagsss
sansstore
Guest
sansstore

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?

Telegram Username
@cloverR7
Jun
Guest
Jun

What are your long term goals and what are the steps are you taking to ensure that these goals can be achieved?

Telegram Username
@Jmagsss
Jun
Guest
Jun

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?

Telegram Username
@Jmagsss
Raselhm
Guest
Raselhm

what is the XMM specialisty??

Telegram Username
@Alauddin88
Jupiter
Guest
Jupiter

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?

Telegram Username
@Splendicity
Jupiter
Guest
Jupiter

What do you have to say about your ROADMAP that ends on December 2020,do you not plan any developments in subsequent years?

Telegram Username
@Splendicity
Jupiter
Guest
Jupiter

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.

Telegram Username
@Splendicity
Jake
Guest
Jake

Do you intend to use Momentum as a tool for other tokens/coins?

Telegram Username
Tonique37
Jonah Apagu
Guest
Jonah Apagu

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..

Telegram Username
@Jonahapagu
Jonah Apagu
Guest
Jonah Apagu

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

Telegram Username
@Jonahapagu
Jonah Apagu
Guest
Jonah Apagu

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?

Telegram Username
@Jonahapagu
@anacruzz
Guest
@anacruzz

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

Telegram Username
@anacruzz
P Rajesh
Guest
P Rajesh

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?

Telegram Username
@pajeetrajesh
Phyllis Sommers
Guest
Phyllis Sommers

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.

Telegram Username
@KhaleesiTheCryptoLady
Phyllis Sommers
Guest
Phyllis Sommers

How do you charged a destabilization fee in short and long Momentum. Can you provide us the easiest formula on how to compute it?

Telegram Username
@KhaleesiTheCryptoLady
Phyllis Sommers
Guest
Phyllis Sommers

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?

Telegram Username
@KhaleesiTheCryptoLady
Noname
Guest
Noname

I’ve read your roadmap carefully but it ands on December 2020… What happens after that? What are the next steps for 2021?

Telegram Username
@mr_putin_v
fuzzydunlops
Guest
fuzzydunlops

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?

Telegram Username
fuzzydunlops
Rebel
Guest
Rebel

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?

Telegram Username
Rebel99
Rebel
Guest
Rebel

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?

Telegram Username
Rebel99
Rebel
Guest
Rebel

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?

Telegram Username
Rebel99
@balabas4bounty
Guest
@balabas4bounty

Long momentum and short momentum are 2 main features of your app. Please explain exactly how do they apply and what do they mean

Telegram Username
@balabas4bounty
Winter
Guest
Winter

– How does the LM and SM work? Are they different tokens? How is the integration of the different Momentums when the price is concerned?

Telegram Username
@Winterkom
Winter
Guest
Winter

– The Long Momentum and the Short Momentum work as a margin trading? Where you open positions in short or long?

Telegram Username
@Winterkom
Winter
Guest
Winter

– 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?

Telegram Username
@Winterkom
Marius
Guest
Marius

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?

Telegram Username
@anditgoestome
Angie
Guest
Angie

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?

Telegram Username
@Angieleal
Angie
Guest
Angie

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?

Telegram Username
@Angieleal
Angie
Guest
Angie

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?

Telegram Username
@Angieleal
Maximar
Guest
Maximar

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?

Telegram Username
@MaxiVV
Maximar
Guest
Maximar

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?

Telegram Username
@MaxiVV

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