Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
Have you ever witnessed a moment where you knew it was special and you never wanted to let it go? Most of us, if not all of us have been there. Momento gives its users the ability to do exactly this. They are a project that aims to showcase some of the most fascinating moments of the past decade through NFTs.
Momento showcases two types of NFTs. The first one is a category that relates to the NFTs that’ll be used in the P2E game. The other would be a category that solely belongs to some of the most prominent crypto projects out there where Momento aims to portray some of the most iconic moments of their crypto journey in a single piece of art. These NFTs are meant to give collectors a sense of nostalgia, creating something that will never fade away and at the same time provide an opportunity to earn through it.
In technical terms, Momento is a hyper-deflationary utility token that rewards users for holding the tokens. One of the most crucial components of Momento’s project is its dedication to NFT staking. They give their users an avenue to have passive income through holding their NFTs, thus incentivizing the community for long-term ownership. This staking mechanism provided by Momento is aligned with their philosophy of cherishing moments. Once a user owns a moment through an NFT, they would not want to let it go.
Tokenomics of Momento
There will be a total supply of 1 Trillion Momento Tokens. Out of which, 60% will be allocated for Liquidity, 12% for Staking, 2% for Marketing and development while 26% of the tokens will be burnt. Each transaction will be taxed 10% out of which 3% will be added to liquidity, 3% gets redistributed to holders and 4% will be bought back and burnt. The buyback from the buyback wallet is going to be a manual process. However, the burn happens automatically and this reduces the supply over time making MOMENTO a hyper deflationary utility token.
The token went live on Uniswap on September 7th. However, since the gas fees were quite high due to all the NFT minting, they decided to go cross-chain and got listed on Pancakeswap on September 24th. MOMENTO token can be tracked on Coinmarketcap and Coingecko.
Momento’s Future
Over the past couple of years, we have seen the P2E ecosystem evolve. As gaming intersects with crypto, a new version of the play-to-earn (P2E) paradigm is unfolding. In contrast to previous P2E games, where only the contentious tournament players could earn playing games, every gamer earns by playing in the emerging crypto-powered version of P2E. The addition of crypto tokens to fundamental game dynamics will be a powerful way to pull a mass audience to the crypto ecosystem.
Momento is venturing into this intersection of gaming and crypto, a space that is destined to bloom in the coming years. Momento is currently developing a play-to-earn (P2E) gaming ecosystem, giving their NFTs yet another use-case. The games will be made from scratch by their in-house developers. Additionally, they will be partnering with a few projects to integrate their game on Momento’s platform.
Recently, Momento became the first NFT project to be featured on Burj Khalifa, the tallest building in the world. The iconic skyscraper has displayed only a few crypto projects on it making Momento one of the trailblazers in this space. Through robust and thorough marketing and a world-class staking mechanism, Momento is bound to become one of the most prominent NFT projects out there.
This news is republished from another source. You can check the original article here.
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