What happened to the Momentum Project?

In my previous article about Momentum, I mentioned the liquidity drain the project was facing and the measures the team took to battle it. I didn’t consider it an immediate threat, but unfortunately I was wrong.

Despite the team’s best efforts, the sell off continued. Yesterday it reached the point that the liquidity pool was basically drained. As a result the price of MASS has taken a huge hit:

In this article I will give you an overview of the team’s plan going forward and share if I still believe in the future of the project.

What happens next?

Free market economy

Because the concept of the price stabilizer has proven to be flawed, the team has decided to disable it. As a result, the price of MASS will now be determined by supply and demand. To facilitate this free market, trading the token will no longer be taxed.

MASS / BUSD liquidity pool

A MASS / BUSD liquidity pool will go live on the dapp. This will be fed with $25,000 from the treasury, as well as $100,000 that is evenly distributed into the pool over the…