Let’s talk about the latest round of the @MMTFinance $MMT token sale event on @buidlpad.
🔺 Token Sale Tier FDV:
This time, the token sale rules are the same as Falcon, with two separate tiers: 250M and 350M FDV.
The requirements to reach Tier 1 are simple: just deposit $3000+ LP at the time of the snapshot (Oct 25, 10 AM Hong Kong time). If you want to avoid impermanent loss, you can choose the suiSUDT - USDC pair, and remember to stake through the Buidlpad HODL page.
🔺 Allocation of Quotas
This part is a bit complicated. Normally, each person's quota is $2000, but there are two campaigns that can increase the quota:
1) Wagmi1 & Wagmi2 Participants
This is the official points program of Momentum, which is divided into 5 tiers, with a maximum quota of 20k, and Tier 5 can get 4.5k. To conclude, if you are not an early user, you can directly give up on this method, as the cost of accumulating points now is too high. @lennon did a statistic, and it takes about 550,000 to deposit for one day to reach Tier 5.
2) Buidlpad HODL
This is very easy to understand; the more LP you invest, the higher the quota. Simply depositing 3000u will get you a 3000u quota. If you have more money, you can deposit more, but the cost-effectiveness of depositing more will decrease. Of course, if you have enough idle funds, depositing more will definitely be profitable.
There is no time limit for this; just deposit before the snapshot. I should find a time to deposit a day or two in advance.
🔺 Conclusion
Deposit 3000u LP into the momentum LP, and then gather all family and friends for KYC. Budget how many KYC you can have, and open that many Sui wallets, each doing 3000u LP.
Finally, although this token sale is almost guaranteed to be profitable, don’t expect the returns to match the last $FF. If I had to guess, the opening FDV will be around 500M, which means a 2x profit.
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