AMA Recap with Momento

On the 15th of September, 2021 at 16:00 UTC, Decentralized Club had the honor of hosting Mark Wood, Robot, and Momento from the Live Momento Team for an Ask-Me-Anything session on their Telegram page with a community of over 40,000 people. It was hosted by DC Admin, May.

 

The session was divided into four segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2 and 3 respectively, and live questions from the community members in attendance were answered in Segment 4.

 

If you missed this event and would like to know what Momento is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

 

 

Segment 1 – Introduction

 

[May]

Hello, 大家好, नमस्ते, Selamat!

 

My name is May and I’ll be hosting the AMA with Momento.

 

Today, we have with us three guests from the Momento Team.

 

[Momento]

Hi Guys!

 

Glad to be here answering all the questions about Momento 😊

 

[Mark Wood]

Hey guys 🖐

 

Robot:

Hello Guys

 

[May]

Hello, hello, hello 😊

 

That’s one hello per guest! 😁

 

[Momento]

haha great, Hello to everyone 😁

 

[May]

You’re welcome to the Decentralized Club and it’s an honor to have you all here.

 

Tell me, is this the first AMA with all three of you together?

 

[Momento]

Yes, this is the first AMA that we are a part of!

 

[May]

Yaaay! Glad to be making history with Momento!

 

[Momento]

Cheers mate!

 

[May]

Could you quickly tell us more about yourselves and your job descriptions at Momento?

 

[Momento]

I am one of the Co-Founders of Momento and have been a part of the Crypto Community since 2015. Robot is taking care of all the marketing activities at Momento HQ and Mark is in charge of the community Moderation 😊

 

[May]

Great to know!

 

Let’s get right into it then!

 

[Momento]

Perfect!

 

[May]

Q1. Can you tell us about Momento and the goals that led to the creation?

 

[Momento]

Momento is a DEFI + NFT project that aims to exhibit some of the most iconic and fascinating moments of the past decade that helps people to earn through the NFTs they buy. This is made possible through our unique staking feature which will enable people to stake their NFTs and earn our native token Momento as well as other rewards through it.

We wanted to create NFTs that people actually resonate with rather than JPEGs of invisible rocks and other stuff which we believe would die down as the hype goes down. We are currently in talks with Opensea to have our NFTs listed against our native token and these tokens would essentially be burnt thereby reducing supply. Unlike other tokens, the idea behind burning tokens is not just to reduce supply, rather we see it as a way to make our tokens as rare as the NFTs we create.

 

We have a 10% tax on every transaction that would be split into the following:

 

3% – Liquidity (To increase the price floor over time)

3% – Gets redistributed to holders (Passive income)

4% – Buyback and burn (This wallet basically accumulates ETH which would be later used to ensure there are no massive impacts caused by whales. We have already accumulated close to 9 ETH in just a week and it’s on its way to accumulate a massive amount of ETH over some time so our community can feel safe with their investment when it comes to whale dumps ☺ ).

 

[May]

Looking good already!

 

[Momento]

I know that it is a long answer, so let’s give the community some time to read 😊

 

[May]

Okay!

 

Uno momento for the community to digest-o. 😁

 

[Momento]

haha alright-o 😉

 

[May]

😉😉

 

Q2. What innovative solution is Momento bringing to topple its competitors with similar offerings in the NFT world?

 

[Momento]

There are other projects in the NFT space but only a small portion of those provide a staking feature. Most of them are just NFTs that are created due to hype and it’s not something that people resonate with or understand. This is where Momento comes in. We provide NFTs that people can actually resonate with and actually make sense and on top of this we provide a way for people to earn in multiple ways through the NFTs that we create. The UI is going to be very simple and we believe it’s going to be a game-changer in the industry. 😊😉

 

[May]

Impressive!

 

Let’s talk about staking now.

 

Q3. Can you tell us about your NFT staking and the rewards? How can we participate?

 

[Momento]

Oh Yes! This is the most exciting part of our project. Let me explain!

 

Less than 3% of the projects in the NFT space provide the NFT staking feature and most of them are not so user friendly. We will be leveraging the $MTGY staking feature for our project and it will enable our NFT holders to stake their NFTs and start earning with just a couple of clicks. On top of this, as and when our subsequent batches of NFTs get released, the earlier NFT holders would be rewarded from these sales as well so they basically earn not just from the NFTs they hold, but also from the other NFT sales that take place. The earlier NFTs would be rarer this way as you get more rewards through those. 😃😊

 

[May]

Is $MTGY your native token?

 

[Momento]

No $MTGY is basically created by our DEV – MOONTOGRAPHY who is also the developer for other prominent projects like $FLOKIINU. We will just be leveraging their platform for our staking and Cross-chain Swap as we believe that is currently the best in the Industry 😊

 

[May]

Okay! Sounds great!

 

Q4. Could you briefly talk about your two NFT categories?

 

[Momento]

Oh yes! We have two broad categories of NFTs that we intend to create:

 

1. Journey of cryptocurrencies – Here we will be creating NFTs that depict the journey that various cryptocurrencies have been through. We wanted to create something where we can show the journey that cryptocurrencies have been through and to give you a sense of nostalgia for this journey for which you were a part of too. We want to make you feel that you are a part of the NFTs that we create as that is something that lasts the test of time and does not fade away with hype, unlike most other NFTs that we see today.

 

2. General category – We also have NFTs where we portray some of the most iconic moments we’ve gone through in the past decade which we remember like it was yesterday.

 

[May]

👏🏼👏🏼👏🏼

 

Can’t wait!

 

[Momento]

We are as thrilled and excited as everyone else 😍

 

[May]

https://t.me/decentralized_club/605992

 

Q5. What are the advantages of Momento on Ethereum? Should we expect a BEP20 integration?

 

[Momento]

The reason we started with an ERC20 token is that we believe Ethereum is the most secure and decentralized network and it’s by far the most used and trusted blockchain network out there.

 

We planned to list our NFTs on Opensea against our native token and since Opensea is an ERC20 compatible network, we decided to start with an ERC20 token.

We had plans to integrate a BEP20 token and a bridge in Q4 but since our community has been raising concerns about the rising gas fees on uniswap, we have decided to speed up the process and get the cross-chain bridge and the BEP20 token out by the end of this month. Our Dev Moontography, who is also the dev of $MTGY, $FLOKI, and other prominent projects are already working on it and it should be out soon. We will also be doing a Certik audit after this as we want our community to feel safe with their investment and be absolutely sure that everything is functioning as it is supposed to ☺

 

Also, we would love to reveal our Official Mascot for the first time 😊😃

 

https://t.me/decentralized_club/605997

 

[May]

https://t.me/decentralized_club/605998

 

[May]

Capturing moments! I love it!

 

[Momento]

Ah Yes! You got that right 😍🥳

 

[May]

😎

 

Q6. What major news should we still look forward to from Momento by the end of the year?

 

[Momento]

Alright ! so here it goes – Brace Yourselves 😎😎

 

[May]

*buckles seat belt*

 

[Momento]

Alright so this is something that we are very excited about and we haven’t even posted this on our community yet so you guys are the first ones to hear it as we just confirmed this a few minutes ago.

 

1. Momento will be featured on Burj Khalifa, Dubai for a 3-minute exclusive video during the Future Innovative Blockchain summit (One of the biggest crypto events for the year) from 13th to 15th of October. 🤩🤩

 

2. Momento will have its own Momento-Wrapped Lamborghini at the WOW NFT Summit in Dubai along with our QR Codes throughout Dubai during the Crypto Week followed by a lot of PR activities. We will also be having a big cut-out of our Mascot at the event. 🚀🚀

 

3. We are already in talks with certain Hollywood Celebrities to get them on board along with prominent crypto Influencers and we’ll announce the names once this is confirmed but you can be sure that there will be some BIG names there. 😉😉

 

4. We are already working on a Cross-chain swap solution for our community members where we will have a BEP20 version of our token and everyone can buy it on Pancakeswap as well. We intend to roll it out by the end of this month.

 

5. We are in talks with multiple prominent exchanges to get Momento listed. This is in its final stages but we are not allowed to reveal the names until it’s finalized so stay tuned for this one 😊

 

The coming months are going to be insane for us and we are very excited about everything that has been planned 😍😍

 

[May]

🤩🤩🤩

 

A minute for the community to absorb this great news!

 

[Momento]

😁😁😁

 

[May]

I think this is the best news I’ve heard all week😎

 

[Momento]

Right! We are equally Thrilled 🚀🚀

 

[May]

Awesome!

 

Do share videos with us so we can show our community! 🙂

 

[Momento]

Absolutely! Great PR activities are planned to post the BURJ Event 🤩😊 Will definitely send you one personally 😉

 

[May]

Thank you! My DMs are ready for that Burj Effect 😎

 

[Momento]

😊👍

 

[May]

Let’s now take some questions from our Twitter community.

 

Segment 2 – Twitter Questions

 

[May]

Q1. On your website, you say that your goal is to get NFT owners to earn and earn through your one-of-a-kind staking feature. Can you explain to us how this staking feature works and why is it special? What benefits can users get from this feature?

 

Twitter Username: @AdrianAZG10

 

[Momento]

Not many projects in the NFT space provide the NFT staking feature and most of them are not so user-friendly. We will be leveraging the $MTGY staking feature for our project and it will enable our NFT holders to stake their NFTs and start earning in just a couple of clicks. So basically all you have to do is connect your wallet to the $MTGY app and stake the NFTs you own and relax and see the rewards flow in. Also as and when our subsequent batches of NFTs get released, the earlier NFT holders would be rewarded from these sales as well so they basically earn not just from the NFTs they hold, but also from the other NFT sales that take place. The earlier NFTs would be rarer this way as you get more rewards through those.

 

[May]

Have any of your NFTs been minted yet?

 

I want one 😎

 

[Momento]

It’s just around the corner and you’ll be able to get your hands on one soon mate 😉😉

 

[May]

Great!

 

😁

 

Q2. The cost of gas is a major issue for many NFT platforms. Most platforms are finding it harder to create transactions as gas prices are on a rise. Cross-chains & layer 2 solutions can be used to overcome this problem. Does MOMENTO intend to use this technique as well??

 

Twitter Username: @Greyhair_08

 

[Momento]

Yes, our Cross-Chain Swap is already underway and it will be live by the end of this month. We at Momento HQ take our community’s feedback very seriously and when they were worried about rising gas prices, we considered that and planned our BEP20 counterpart. 😊

 

[May]

Nice!

 

Thank you for considering the community!

 

Q3. Your goal is to evoke a sense of nostalgia through art and I read that you will have two categories of #NFTs that we’d be showcasing through your project? So can you explain further about these categories and how will they be achieved?

 

Twitter Username: @Wormz29

 

[Momento]

Yes as we have mentioned above, we have two categories of NFTs: One the General Category where we portray some of the most iconic and fascinating moments of the past decade, and the Other is a Category that solely belongs to Cryptocurrencies where we show the journey that they have been through in a single piece of art.

 

[May]

Great!

 

Let’s now take questions from our website community

 

[Momento]

Sure

 

Segment 3 – Website Questions

 

[May]

Q1. You mention that you want to offer additional incentives to people to buy and keep these NFTs, what kind of incentives will you offer to your holders to keep their NFTs for the long term? What benefits or profits would this generate for them?

 

Telegram Username: @jirencrypto

 

[Momento]

The Initial NFT Hodlers would be rewarded the most. They will basically be getting staking rewards and additional income from the subsequent sale of NFTS that take place 😊 So this way they are basically incentivized to HODL onto their NFTs as they earn passive income 😉

 

[May]

Awesome!

 

Q2. I’m glad to see that you have successfully completed auditing. Any particular reason why you chose Techrate and not another auditor for Momento? Will there be a CertiK audit soon?

 

Telegram Username: @zaatoshi

 

[Momento]

Yes since Techrate is one the most well-known auditors out there, we decided to go with them. The Full Audit Report is available in our TG Group.

Having said that, we will also be having a Certik Audit once the BEP20 Token and the Cross-Chain Swap goes Live and it has been mentioned in our Roadmap too 😊😊

 

[May]

Good to know! Gotta get that double security badge! 😎

 

[Momento]

Absolutely! We want our Community to feel the safest with Momento 😎

 

[May]

Great!

 

Q3. I understand that more than selling NFTs they want Momento to be a kind of museum where the most relevant works of all time are displayed. But I was wondering if there is the possibility of having a marketplace so that users, in addition to betting, can also trade their NFTs?

 

Telegram Username: @Antoni_azx

 

[Momento]

We actually do not intend to be a museum of any kind. However, we do have plans to have an NFT Marketplace of our own where people would be able to trade their NFTs. But that comes down the road. 😊

 

[May]

😉

 

We will see a successful project!

 

It’s now time to take questions from our live audience.

 

[Momento]

Great!

 

I excited for this 😃

 

[May]

In this 4th segment, I will open the group for some seconds for the live community to shoot you some pressing questions.

 

Please pick four original questions to answer.

 

Try to ignore generic, vague, and copy-paste questions 😊

 

Ready?

 

[Momento]

Yup!

 

[May]

Okay!

 

The group will be unmuted in a bit.

 

—Chat was then opened for the live community to send in their questions—

 

Segment 4 – Live Questions

 

[May]

Dear guest, please pick four original questions now. 😊

 

[Momento]

Alright! Answering them now 😊

 

[hydra]

When I went to buy Momento in Uniswap, the system told me that Momento is not active at this moment, can you explain what this means? Is it a serious problem? Where can I buy Momento for now?

 

[Mark Wood]

Hey not sure what you mean by this. The token is working fine. You just have to click on import and it’ll work fine.

 

It’s currently listed on uniswap and you can buy it using this link https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x0ae8b74cd2d566853715800c9927f879d6b76a37

 

[May]

3️⃣ more questions to go 🥳

 

[Temitope Awoyinka]

Do #MOMENTO have allocations for #COIN BURN AND #BUY BACK in your tokenomics if yes, how does the mechanism work

 

And how safe are the users, is there an AUDIT yet. ?

 

[Mark Wood]

Yes, we have a 10% tax for every transaction out of which 4% goes to the Buyback and burn wallet.

This wallet basically accumulates ETH and will be used when we face an adverse price action due to whales.

The Buyback will be done manually but the tokens will get automatically burnt.

Also, we have ensured that the ETH cannot be used for anything else other than buying back the token so our community can feel safe with this.

 

[Zelafet]

What do you have to say to make us believe that this token wouldn’t be dumped??? By the way how much is your team allocation??

 

[Mark Wood]

Hey, we had a fair launch where everyone had a fair chance to buy Momento. Hence, there are no team tokens as we believe in fair distribution.

As mentioned above, we have a Buyback wallet which ensures that no whales can manipulate the price or cause a big dump as we wreck them with our buybacks 😉

 

[May Gusta]

1️⃣ more question to go! 🎉

 

[The Curious]

Within your roadmap you mention the execution of viral marketing campaigns, could you give us more details about the marketing strategies you are currently applying? How is your campaign structured?

 

[Mark Wood]

Hey, this is something we are really excited about and we have massive marketing plans for the coming weeks and months.

 

We’re going to Kickstart our campaign with massive influencer marketing and then up the level as we go up. We’ll be getting featured on Burj Khalifa for a 3-minute video and that’s definitely going to put us out there and get us the attention that we aim for.

We will also be participating in the future innovative blockchain summit and the WOW summit where We’ll have a big cutout of our mascot and a Momento wrapped Lamborghini with our QR codes on it. Along with this we also have other airdrops and giveaways and contests planned for our community.

 

This is going to be one of the most viral campaigns that you would have seen in recent times for a crypto project 🔥🔥🔥

 

[May]

Awesome!

 

It’s a wrap! 🎉

 

[Momento]

Thank you so much for having us here. Would definitely urge all the members to join our TG Group and apologies for not being able to answer all the questions.

Having said that, we are always open to questions, anyone can message us personally or mail us anything which they would want to know 😊😊

 

[May]

Thank you for your time with us today!

 

Please share your social media links with our community.

 

[Momento]

Also, We have an exciting quiz planned for your community on our Instagram Page with $100 up for grabs 😍😍 Head over to our Instagram Page to claim your USDT 🤩🤩

 

[May]

Links please ☺️

 

[Momento]

Sharing all the Social Media Links here for everyone 😊👍

 

Please follow our social networks😌 :

 

▪️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 – https://www.dextools.io/app/ether/pair-explorer/0xbc713ab084fde8e6704123f8cf3f2c0cba4b9951

 

[May]

Guests, thank you so much for your time!

 

We’ll be pinning these links.

🥳

 

Until next time, do have a great day 😊

 

[Momento]

Thank you so much for having us here 😊 Have a great day guys!

 

[May]

The AMA with Momento is now over.

 

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