"Momentum is a dynamically deflating token. Most deflationary tokens will be reduced by the same constant percent every transfer. Momentum uses a more dynamic approach to calculating the transfer fee. Two important values are maintained in the token contract: the Short Momentum and the Long Momentum, and token transfers will have an impact on these values. You can think of these values being similar to a moving average of transfer sizes over some history. Transfers that move the Short Momentum closer to the Long Momentum will have a transfer fee of 0.75%. Transfers that move the Short Momentum further away from the Long Momentum will be charged a destabilization fee between 0.75% and ~4%. Both momentum values will update regularly on the home page and can also be queried from callable functions in the smart contract."
Last Update:
"The audit continues as testing is underway. Results may take until next week, so a little more patience will be needed.
Many have been wondering about the website upgrade. Designs are being iterated on over the coming days and once there's a final agreement, development will start. Rough timeline might be up to two weeks or less if things flow quickly.
I also just updated the whitepaper to include a section explaining the weights used for updating the momentum values."
You can always buy some more on coinbase idk... they are asses with the delay sometimes
Carter Powell
How this isn't a scam? Convince me
John Hughes
It isn't a scam, you just lose 4% of your stack when you buy, and then 4% of your stack when you sell.
Camden Roberts
not entirely correct, 4% is the max and it depends on price movements.
Dominic Baker
>90% liquidity locked until December 2021 >dev staying in contact with Telegram as best as possible, providing regular updates >audit in works >website redesign occuring >coingecko package submitted
No pajeet scammer would go through this much trouble for an exit scam especially if it got pump n dumped on already. We're simply really early in on this baby token
Nolan Lopez
Locked liquidity and audit ongoing. Should be out by end of the week. Check chart and you will see there is plenty of buy support after an initial exuberant run up just like with any newly released coin.
James Anderson
Burn rate depends on activity. It fluctuates between .75% and 4%
It's basically 0.75% burn, extending to 4% for very destabilizing trades (like you swing like a madman and crash prices so it encourages people to play with the momentum mechanics)
Ok, what are you niggers planning for post audit? Assuming it arrives?
Gavin Howard
He's busy working on other aspects of the project so there are times where he goes a few days without contact but he always pops in and provides us with updates
Pushing outward and getting the word out. We understand that more risk averse people would want to stay away at the moment so all involved are holding off on outreach until this is properly squared away. There's also talk of creating more pools and other things of that nature but i wont speak on it until the telegram is provided with more updates from the dev as i dont want to put words in anyone's mouth
