$MOMAT IDO announced on Paid Network and Huobi's WeStarter – 06.06
#ProjectHunk summary: https://moma.finance/
customizable lending pools
scalable lending platform and aggregator
live beta (not public)
Now, some thoughts regarding how successful this can be. The community is not active, IDO has already been postponed once.
Product is described in dayum too sophisticated manner, not a case for mass adoption. Okay, you have succeeded to put it simply for funds, but they are people who will support the protocol in the long run. Not funds.
Initial MC likely to be high cause they raised money when BTC price was shit juicy. Why it matters? After TGE all these private investor dudes will have massive selling pressure on the market.
Verdict: The product may not be shit, but the enter-to-market strategy sucks
Dunno why they decided to re-open IDOs.
