Here’s our 130th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with MOMENTO October 1, 2021. This guest star,
- Sumangal Dutta — CMO
- Arindam Batabyal — Marketing Advisor
Introduction
Ari :
Hey Guys !
I am Arindam Batabyal — Chief Marketing Advisor at Momento !
Sumangal :
I am Sumangal Dutta- CMO at Momento😇
QUESTIONS MODERATOR
What is Momento? Can you share with us more in detail?Ari :
Momento is a DEFI+NFT project that aims to solve some of the most important problems that we face in the NFT industry right now. We see a lot of projects where people do not understand the kind of NFTs they are buying. On top of that, another issue that arises is with the illiquidity of these NFTs. It’s not possible to sell these NFTs unless another person is willing to buy so unlike a token where if it dips, you might end up losing only a portion of your investment, for the NFTs you might end up losing your entire investment. This is where we come into the picture by incentivizing our people to buy the NFTs and to provide them a way through which they can earn through the NFTs they buy 😄
So for all of our NFTs, we’ll be providing a one of a kind staking feature where people just stake their NFTs in a pool and get Momento Tokens as a reward. Less than 3% of the projects out there provide such a feature and we aim to provide the easiest way in which someone would be able to stake NFTs. It’ll just be a couple of clicks 😊👍
We do not aim to create NFTs which are hard for people to understand. For example, there was an invisible rock that sold for a lot of money and people were going crazy as to why it went for that much money. Our NFTs would be easy to understand, yet elegant and would have its worth even without any additional perks with it as you’ll be seeing soon once the NFTs are out. On top of this, we provide features as mentioned above that will enable the NFT holders to earn through the NFTs they buy. So it’s like passive income for people, reducing their risk with the NFTs they buy and a lot of additional perks that will enable them to earn 👍😊
What’s the advantage of Momento? What benefits do Momento will bring to us?Ari :
So MOMENTO is our Native token and it’ll have multiple utilities :
1. In order to Buy the NFTs, people will have to use MOMENTO and a portion of this would be burnt thereby reducing supply over time and making our tokens as rare as the NFTs we create 😊
2. The staking rewards from the NFTs would be provided in Momento tokens itself.
3. We’ll be having additional staking features for the Momento token itself.
4. There will be token redistribution to the Momento holders from every transaction that takes place so it’s passive income for just hodling 🥳
5. The NFT holders will be getting a portion of the revenue generated from the subsequent NFT sales and this would be in Momento tokens itself.
6. We also have a governance feature planned where the token holders would be getting a say in the future proposals of the project such as the Kinds of NFT categories, redistribution, etc. 😊
Can you tell more about Momento tokenomics?Ari :
The total supply of Momento is 1 trillion.
60% — Liquidity
26% — Burn
12% — Staking
2% — Marketing and development
There is a 10% tax for every transaction,
3% — Goes to liquidity. (This enables us to create a price floor for Momento below which it cannot go.)
3% — Gets redistributed to holders (Passive income for just HODLING)
4% — Goes to the buyback and burn wallet. This is in order to ensure that there are no major dumps that take place and we can sustain a long term upward trend. This wallet is accumulated in ETH and can only be used to buyback Momento tokens and can never be withdrawn by the team so the community can feel safe about it. Also the tokens get automatically sent to the burn address once bought. This is also one of our Anti-Dump measures 😊👍
Which platforms can be used to the exchange Momento tokens now?Ari :
Initially we were listed on Uniswap.
We had plans to go cross-chain after a couple of months but due to the rising gas fees and the requests from the community members, we decided to go cross-chain and get listed on pancakeswap as well 😍🥳
So Currently, you’ll be able to buy on Uniswap and Pancakeswap. We are currently in talks with CEX’s as well to get us listed and that’s almost finalized as well.
We are absolutely crushing the roadmap at this point 💪🥳
Uniswap — https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x0ae8b74cd2d566853715800c9927f879d6b76a37 (https://app.uniswap.org/%23/swap?inputCurrency=ETH&outputCurrency=0x0ae8b74cd2d566853715800c9927f879d6b76a37)
Pancakeswap — https://pancakeswap.finance/swap?inputCurrency=0x1b9a8c4f2df5dc7b8744b1a170d8d727360c67ee
Are there any exciting news or updates with regards to Momento that you would like to share with us here?Ari :
Oh Yes 🤩 Here Comes the Juicy part 😁🚀
On 13th October, We are going to get featured on Burj Khalifa for 3 whole minutes. That’s Right!!!! 🤩🚀
This is something that we are very excited about as this is not something a lot of other projects have done. Only a couple of projects like Safemoon and Kishu Inu have done such a thing and that was after they reached a billion dollar marketcap.
We are doing this with just a million dollar marketcap so imagine the kind of attention that this would bring 🤩🥳
We are currently in talks with a few celebrities as well to get them up on Burj and introduce Momento to the world!! 🚀🚀
Apart from this, we will also be participating in the biggest NFT event for the year, the WOW summit in Dubai during the crypto month of October. We will be displaying our NFTs there in front of a lot of big profiles and on top of that our Leaders would be giving a keynote speech in front of all the crypto enthusiasts 💪😊
Along with this, We will have a MOMENTO WRAPPED LAMBO at the entrance of the event and people wearing our Mascot’s costume and walking around.
We have done everything possible to ensure that the entire event is going to be about Momento!! The Burj event and the WOW summit will be done together in order to ensure that there is maximum impact! 😊🥳
Mark :
This is our 2-D Mascot. We will be officially revealing our 3-D Mascot on BURJ KHALIFA on 13th October 🔥
QUESTIONS TWITTER
On their website they say that Momento aims to show some of the most interesting moments of the last decade and I was wondering if it would only focus on this type of art, or else it will also have room for NFTs that are not so relevant and those that are relevant but much newer?Sumangal :
Hey we currently have 2 broad categories of NFTs:
a. One that portrays the journey of some of our most favorite cryptocurrencies.
b. The other which exhibits some of the most iconic and fascinating moments of the past decade.
As mentioned, these are broad categories and we’ll have other categories of NFTs as well within this range and we’ll have our staking feature for these NFTs as well.
I heard you are participating in WOW Summit and Is Momento is featured in Burj Khalifa? Can you tell us more about this exciting event of Momento?Sumangal :
Surely that’s one of the most exciting part of this month!💯
As mentioned above, We are going to participate in the WOW summit and we’ll be getting featured on BURJ KHALIFA for 3 whole minutes. These events will take place within close dates in order ensure maximum impact. We have done everything possible in order to ensure that all eyes will be on Momento during the event. We will also be officially revealing our 3-D Mascot during the Burj Event and the NFTs would be displayed during both, the Burj Event and the WOW summit😍💯
We are currently in talks with a couple of celebrities to see if we can have them onboard to introduce Momento to the World during the Burj Khalifa Event.
Only very few projects such as Safemoon and Kishu Inu have done this and the kind of attention and price action they received after this was insane. This was after they had attained a Billion dollar marketcap. Imagine the kind of Impact that these events are going to have on Momento with just a $1 million marketcap. I guess I don’t have to talk about the upside potential here🚀🚀
I found out that Momento ensures the anti-bot measures are taken to protect users against unfair buying practices, as well as anti-dump measures. So,can you tell us how this anti-bot measures works in your platform? What are the pros and cons of this bot?How reliable it is?Sumangal :
Hey yes we do have anti-bot measures in order to ensure that no investor is getting frontrun by a bot. There is a 15 second cooldown between every buy and sell within the same wallet and a 10% tax so there is no way that a bot can mess with us or our investors😎
26% of Momento token supply has been burned. What is the reason for burning 26% of your total tokens? Will this burning affect the price of Momento in the market? How will the fire impact the Momento ecosystem in the future? Will there be more burning in the future?Sumangal :
The reason for burning is to make the Momento tokens as rare as the NFTs we create. On top of this, as the supply keeps reducing and demand increases, it’ll be reflected in the price long term and hence the long-term holders benefit this way. We also have a 10% tax per transaction of which 4% goes to the buyback and burn wallet. In just 3 weeks, the buyback wallet has already accumulated a huge chunk in ETH and this entire amount will be used to buyback our tokens ensuring that there are no major dumps and that we have a sustained organic growth in price in the long term. The ETH that is accumulated can only be used to buyback the tokens and can never be withdrawn and all these tokens are automatically burnt thereby immediately increasing the price. The investors can feel safe this as there won’t be any major dumps that can occur for Momento due to this unique Anti-Dump measure. The only direction for Momento from here is up🚀🚀
Can you tell us about the current partnerships MOMENTO has? Does MOMENTO currently work with multiple partnerships? How can your partners help and take advantage of the MOMENTO platform?Sumangal :
So currently we have a strategic partnerhship formed with Moontography ($MTGY) which is a well-known project now for their products and we are currently using MTGY for our Cross-chain swaps and will also be utilizing the partnership for our staking feature in order to ensure that it’s the simplest UI for our users and they will be able to stake their NFTs in just a couple of clicks. We also have a lot of other partnerships that are going to be announced this coming week so you can expect fireworks from us for the next couple of weeks.
The Partnerships, NFTs, Staking, the WOW summit and the BURJ KHALIFA event. Everything is going to come together and it’s going to be insane and we are on track to make it a Momentober (An October to remember for Momento)😇😇
QUESTIONS TELEGRAM
Who is the team behind this project? Can you tell us their background?Ari :
Definitely. The Team is doxxed. I’ll quickly gie a brief about them 😊
1. Arindam Batabyal — Arindam is a Marketing Advisor for Momento. He has vast experience in the dynamic Fintech Industry, in both, the front end and backend. Arindam previously built custom SaaS solutions and for clients in the emerging tech industry, but he later moved to the front end, aiding in the marketing and branding of several emerging tech, fintech, and blockchain firms globally.
2. Sumangal Dutta — Sumangal is a Marketing Advisor for Momento. He has years of experience providing full-spectrum marketing solutions for blockchain projects, emerging tech companies, and several lifestyle brands. He has always worked towards creating a bridge between imagination and technology, which is what he plans for the future of Momento.
3. Navneet Singh — Navneet is the Founder and CEO of Momento. His experience spans over 12 years in the creative industry. He provided art and video production across various industries, including automobiles, lifestyle, beauty, BFSI, FMCG, and fintech. Aside from his honed skills in art, he is an avid trader and has been involved in the cryptosphere since 2017.
4. Yatin Kapahi — Yatin is the Chief Financial Officer at Momento. He is an experienced professional in creating easy-to-use financial solutions for real-world problems within the fintech, blockchain, and emerging tech industries. His innovative products have proven successful in solving a world of dynamic problems within the space — an experience he plans on using towards the betterment of Momento.
What are the ways to earn long term for your project? Which strategy will increase the earning power of your project? How to manage these strategies?Mark :
So there are multiple ways to earn through MOMENTO. It’s a multi-utility token:
1. Just by Hodling on to Momento, you get passive income. Now both the long term and short term holders will benefit from this but the longer you hold, the more returns you make by just holding. It’s easy passive income.
2. There will be multiple staking features where you’ll be able to lock and stake your tokens (both fixed and flexible) and earn staking rewards in Momento tokens through that.
3. Unlike other projects, where you just buy the NFTs and hold without any returns, with Momento you’ll be able to stake your NFTs in just a couple of clicks and start earning through that. This is something that we are really excited about.
4. The NFT holders who hold long term are rewarded more. This is because the revenue generated from the subsequent batches of NFTs are distributed to the previous NFT holders.
5. We also have a burn function which will increase the price organically over time. So the long term holders benefit the most from this.
6. We also have a governance feature planned where the token holders would have a say in the revenue distribution, kind of NFTs, etc.
There will be a 10% tax on each transaction. How do you convince the users that the decision of 10% transaction fee is the accurate one for the Momento in order to be sustainable platform? And also can you explain about 3% from transaction fee gets redistributed to holders?Ari :
There is a 10% tax for every transaction, We feel it is only in favour of the Token Holders. Read on to find how 😊😁💪
3% — Goes to liquidity. (This enables us to create a price floor for Momento below which it cannot go.)
3% — Gets redistributed to holders (Passive income for just HODLING)
4% — Goes to the buyback and burn wallet. This is in order to ensure that there are no major dumps that take place and we can sustain a long term upward trend. This wallet is accumulated in ETH and can only be used to buyback Momento tokens and can never be withdrawn by the team so the community can feel safe about it. Also the tokens get automatically sent to the burn address once bought. This is also one of our Anti-Dump measures 😊👍
I am very interested in the name of your project so I want to invest but currently your project has no information about the token that makes me wonder. Would you give me an overview of the current total supply and where can we buy your tokens?Mark :
I’m not quite sure what you mean when you say there is no information about the token. We have provided a lot of Information on all of our social media platforms and websites.
The tokenomics can be found on our website livemoment.to.
Here are our social media links :
▪️Instagram — https://www.instagram.com/livemoment.to/
▪️Telegram — https://t.me/momentotoken
▪️Twitter — https://twitter.com/livemoment_to
▪️Reddit — http://reddit.com/user/Livemoment_to
▪️Medium — https://medium.com/@Moment.to
▪️Website — http://Livemoment.to
▪️Dextools (Uniswap) — https://www.dextools.io/app/ether/pair-explorer/0xbc713ab084fde8e6704123f8cf3f2c0cba4b9951
▪️Dextools (Pancakeswap) — https://www.dextools.io/app/bsc/pair-explorer/0xcfa7b214587d515b1dad5f8622ff2d4bc6a74f98
You can currently buy it on both uniswap and Pancakeswap
Pancakeswap — https://pancakeswap.finance/swap?inputCurrency=0x1b9a8c4f2df5dc7b8744b1a170d8d727360c67ee
Join our Telegram for more Information:)
How does staking NFTs work?Ari :
Great Question 😊
So, this is one of a kind feature that we are providing to our community members. Basically people who buy our NFTs go to our platform where there will be a pool into which the NFTs need to be staked (it will just be a single click 😉) and as soon as you stake your NFTs, the Momento tokens automatically start to accumulate in your wallet 😊 It is that simple. Our UI is going to be the easiest one that you would have ever come across 😉
- Telegram Chat : https://t.me/MomentoToken
- Twitter : https://twitter.com/Livemoment_to
- Website : https://livemoment.to
- Medium : https://medium.com/@Moment.to
- Reddit : https://www.reddit.com/user/Livemoment_to
- Instagram : https://www.instagram.com/livemoment.to/
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about MOMENTO.
Join our Telegram Group and you can talk directly with other Communities and enjoy some of the events that we created. We are always here to support.
