The company has entered into a letter of intent to acquire a proprietary media platform “MMX Media Platform” which licenses from an affiliated company; Momentum Media, of Beverly Hills, California, USA. The platform is being utilized by a number of cryptocurrency companies in the media space, digital media, music streaming and movie streaming business to help propel the blockchain companies awareness of its service offerings solutions around the world through digital media. Social media is forever changing the way companies do business, build subscribers, expose their cryptocurrency offerings, interacting with consumers, and get their stories released. The MMX Exchange platform offers an ala carte menu and suite of services to propel the companies it serves and provides a fully functional interface where clients can tap important advertising data, offer campaigns and launch social media and digital media campaigns right out of the platform and instantly commencing of engagement reaching billions around the world.
Formation: Momentum Media Xchange, (“The company”) was formed in Bermuda as a business purpose trust in August, 2018. It has a letter of intent to launch a joint venture with Beverly Hills, California USA based Momentum Media, to date, the most influential cryptocurrency blockchain social media companies in the world which owns its own proprietary social media platform for engagement of subscribers for companies in the multibillion dollar rapidly growing blockchain sector. The company does not offer its services to promote “ICO”s or token offerings.
The global media and entertainment sectors represents a$1.71 trillion industry.
( source: U.S. Department of Trade Report)
Key Media & Entertainment Competitiveness Issues
- Convergence of media and entertainment sectors and emergency of “mega” media corporations.
- Import quotas, taxation, discriminnatory customs valuation and domestic protectionist practices.
- Priacy and copyright enforcement.
- Cultural content and censorship restrictions.
- FDI restrictions.
- Royalties and monetization.
- Continued transition to digital from traditional media productions, distribution and consumption
Tokens Offered: The company has authorized 10 billion cryptocurrency utility tokens ( “MMX Coin”) to be issued based on an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction based state transitions.) blockchain and platform, to be linked into the company’s cryptocurrency tokens created in the future and has issued and set aside 10 billion “MMX” tokens in Phase 1 of the ICO pursuant to a a Vesting Schedule for the (“MMX”) to be issued by Momentum Media Xchange and an additional 25 billion utility “EXP” EXPERIENCE tokens which will be offered in phase II of the roadmap and plan. Each Unit of “MMX” rights to tokens is offered on an exchange basis for other acceptable cryptocurrency solely at the discretion of the company, or on a cash exchange basis per “MMX” token. The “MMX” tokens will not be guaranteed to be offered publicly on any exchange . The company may elect to offer MMX tokens at a discount at its sole discretion. As of this date, no “EXP” EXPERIENCE utility tokens are being offered to the public.The tokens are only offered to entities and individuals domiciled outside of the United States.
EXP:Entertainment, Sports and E-commerce Loyalty Rewards Tokens:
25 billion utility tokens offered for loyalty rewards.
Bonuses increase the number of tokens issued as defined above and are pro rated in distribution based on the thresholds outlined above. The tokens will be restricted for a period of as described in the vesting period months after issuance ,and after closing of the offering, but if the company elects and at its sole discretion, the vesting schedule can commence earlier if the tokens are listed on an exchange.
IDO Closing Date: The IDO date will be September 25th, 2021, or upon completion of the offering ,whichever comes sooner. The company may extend the offering date for up to an additional 90 days, or modify it.
Use of Proceeds: The company will invest in: Its blockchain platform , launch the MMX platform , launch the “EXP” EXPERIENCE platform in phase II, and launch marketing and operations to launch its business plan.
Initial Amount of Raise: Up to 400 million “MMXT” tokens ( total supply 10 billion tokens) will be issued by the company in exchange for cash, bitcoin, ether or other cryptocurrencies the company elects to accept at its sole discretion and the remainder of the 10 billion, issued to advisors, founders and market makers.
Fall to Winter 2021-2022: Launch EXP Token Offering through crowdfunding worldwide Spring, 2022- Expand adoption of subscribers and token holders onto the EXP EXPERIENCE Token offering.
VESTING PERIOD MMXT TOKEN
6 month days after IDO-Initial Dex Offering Date(*)-25% Total Outstanding prorated tokens released.
12 months after Offer IDO-Initial Dex Offering Date (*)-40% Total Outstanding prorated tokens Released.
24 months after Offer IDO-Initial Dex Offering Date(*)-60% of Total Pro rated tokens released.
36 months after Offer IDO-Initial Dex Offering Date(*)- up to 100% of total Pro rated tokens released.
An initial DEX offering, or IDO, is a new and exciting type of decentralized and permissionless crowdfunding platform, which is opening up a new way of fundraising in the crypto space.
An IDO refers to a project launching a coin or token via a decentralized liquidity exchange. This is a type of crypto asset exchange that depends on liquidity pools where traders can swap tokens, including crypto coins and stablecoins. For instance, USDT/ETH is a liquidity pair.
IDOs are the successor of other crypto fundraising models, including initial coin offerings (ICOs), security token offerings (STOs) and initial exchange offerings (IEOs). Offering better and immediate liquidity at every price level due to its mechanics, IDOs are an excellent choice for new projects and startups keen to launch a token and access immediate funds.
Unlike the aforementioned fundraising methods, IDOs are generally considered a fair way to launch a new cryptocurrency project by avoiding pre-mines, which is an issuance system that favors project founders over community members.
Vesting commences upon closing of the fund ( currently planned for October 25th, 2020 but may be extended at the discretion of the company in order to achieve its hard cap goals). Outstanding means the total number of tokens that have been allowed to be released for free trading by the company under the vesting program. The vesting plan for EXP Utility Tokens ( if any is elected) will be announced in 2020.
Suitability Requirements for Participants: The MMXT are being offered only to participants who meet certain suitability requirements. The Company reserves the right to approve each participant. Residences of the USA are not eligible.
(*) The IDO-Initial Dex Offering Date is the date described in the offer for each respective token offering. For MMX that date is July 15th, 2021 or as amended. For “EXP” EXPERIENCE tokens, that date is going to be determined by 2021 IDO completion date.
Offices: The offices headquarters are located in Bermuda. The company maintains correspondent offices in the USA at 8383 Wilshire Blvd #600 Beverly Hills, CA 90210 but does not operate directly in the United States.