Odaily Planet Daily News Sui Ecosystem's leading decentralized exchange (DEX) and liquidity hub Momentum announced that it has officially launched the preliminary stage of the community token sale, including customer identity verification (KYC) and participation process.

All users interested in participating must complete KYC certification and participation (subscription) registration before 10:00 on October 25 (China time) to obtain participation qualifications.

Momentum stated that this community issuance adopts a differentiated distribution mechanism based on user contribution and is divided into two phases, corresponding to different fully diluted valuations (FDV):

Phase 1 ($250 million in FDV): Open to users holding at least $3,000 worth of Momentum LP (liquidity provider) positions through the Buildpad HODL platform and participants in WAGMI Tiers 1–5. Allocations will be adjusted based on the size of the user's LP position. Even if eligible, participants will still need to undergo review and approval before formal participation.

Phase 2 (FDV $350 million): Open to ordinary users who do not hold HODL LP positions but have passed general KYC verification.