How $MM Works
A comprehensive guide to participating in Momentum Markets events
The SMM Process: Step by Step
Event Announcement
When a major sporting event is approaching, MM creates two unique tokens on the Solana blockchain - one for each competing team. These tokens are announced on our platform and social media channels.
Token Acquisition
Users can acquire tokens for the team they believe will win using their existing trading platform. Each team token starts with a $100,000 market cap and includes a 5% platform fee.
Market Cap Growth
As more users acquire tokens, the market cap naturally grows. Early buyers benefit from this growth, while later buyers still have opportunities for rewards based on the final outcome.
Market Cap Example
If Team A starts with a $100K market cap and receives $700K in buy volume, its market cap could grow to approximately $700K (7x growth). This benefits early buyers who got in at lower market caps.
Event Conclusion
After the event concludes and a winner is decided, rewards are calculated. The losing team's token value goes to zero (holders lose their investment), while the winning team's token holders receive rewards in MM tokens.
Winning Team Outcome
Holders of the winning team's tokens receive rewards in MM tokens which can be claimed via the website by connecting their wallet and visiting the events page to click CLAIM REWARDS.
Losing Team Outcome
Holders of the losing team's tokens lose their investment. Their contribution goes to the winning team's reward pool.
Rewards Distribution
Rewards are calculated immediately after the event winner is decided and distributed in MM tokens. To collect your rewards you will need to visit the event on the website while your wallet is connected, then select the CLAIM REWERDS button. The reward amount is proportional to your contribution relative to all winning team holders.
Reward Calculation
If your contribution represents 2% of the total winning team's value, you'll receive 2% of the losing teams reward pool in MM tokens. If your reward value is $1,000, you'll receive $1,000 worth of MM tokens.
NFT Reward
For each event, a unique NFT featuring the winning team's image is minted and awarded to the top contributor of the event, regardless of whether they backed the winning or losing team. This exclusive digital collectible commemorates the event and provides special platform benefits.
NFT Reward Criteria
The top contributor is determined by the highest total value contribution to the event, calculated as the final value of their position after market cap growth. This rewards both early adopters and those who make larger contributions.