The Momentum Project Singularity Launch
The Time Is Here
Singularities have been talked about for weeks and we are happy to announce they are NOW LIVE on both Binance Smart Chain and Avalanche. This next step in The Momentum Project enables us to finally share real-world profits back to our MASS holders who choose to stake into a Singularity.
We are so excited for the future and our upcoming investments you all get to share ownership of. So how does this Singularity work?
The above graphic is a great visual aid to help understand where all the sources of revenue come from before feeding into a Singularity. This represents our current investment categories, but our pool of opportunities is constantly expanding. We have a number of exciting investments we can’t wait to share with our community once all due diligence has been completed.
Singularity Breakdown
Singularities are token lock-up mechanisms that allow you to lock-up or stake your MASS tokens for 30 day periods. This mechanism is the only way for members to participate in treasury returns. Holding MASS without staking into a Singularity still allows you to participate in reflection dividends from trading volume as well as token price appreciation.
How much will my Singularity make?
Singularities are a fully dynamic system which makes it impossible to predict how much of a return you will see. Your Singularity will enable you to claim your portion of treasury investments proportional to the amount of MASS you have staked into a Singularity compared to the total amount staked. I know that sounds confusing, so here is an example:
- Mr. Alpha has 100 tokens staked into a Singularity.
- There are a total of 10,000 MASS tokens staked into Singularities overall.
- Mr. Alpha owns 100 / 10,000 or 1% of the Singularity pool.
- Momentum investments produce $100,000 in net profit that month
- Mr. Alpha would receive 1% of $100,000 or $1,000 to his Singularity.
Singularity Return = (yourSingularitySize / totalSingularitySize) * netTreasuryIncome
Please note — your Singularity pool ownership percentage may vary as people stake, un-stake, or extend their Singularities. This means your % ownership will never be fixed.
Singularity Extension
We hold customer experience and quality of life at the forefront of our decision making, so we have enabled Singularities to be set-and-forget. You can lock your MASS into a 30 day Singularity, but you do not have to worry about extending before the 30 days is up. Your MASS will remain staked (and now unlocked) and still earn treasury investment returns until you un-stake the Singularity.
We know that many users have differing strategies for bonding or Singularities, so we’ve enabled the ability to create multiple Singularities of different sizes rather than only adding to the size of one. This means you can keep a Singularity staked indefinitely while you operate another in a different fashion. Options baby!
How To Create a Singularity
Staking MASS into a Singularity is the exact same process as bonding on The Momentum Project’s dApp.
- Go to the dashboard: https://www.momentumproject.finance/singularties
- Click on the Singularities button
- Enter in the amount of USDC or BUSD you would like to spin up into a 30 Day Singularity Bond
- or
- Enter in the amount of MASS you would like to stake into the 30-day MASS Lockup Singularity
- Approve MASS or USD equivalent for Singularity Creator Spend
- Create your Singularity by either Purchasing a USD Singularity or creating one with existing MASS tokens
- You will be able to claim your USD equivalent dividends on the main Dashboard page
What’s Next?
The Momentum team is working on creating a robust Investment Tracker dashboard that will show all current investments and their current returns. This will help people understand the total size of our deployed investments as well as the current returns. We will also be including more statistics on the total amount of MASS staked into Singularities, your share, and a fun forecasting calculator to estimate future possible returns as we deploy further funds.
Don’t forget — over the next couple months the entire Paraguayan Proof of Work mining operation will be having its foundations built and the first mining container deployed on-site. Momentum will be investing heavily into this venture, and those returns will be claimable within your Singularity.
There is so much to be excited for. Stay tuned. Stay Massive. Stay Alpha.
Discord: https://discord.gg/MomentumProject
Twitter: https://twitter.com/0xMomentumFi
Website: https://momentumproject.finance/
