Momentum, the leading decentralized exchange (DEX) and liquidity hub in the Sui ecosystem, announced the official launch of the pre-launch phase of its community token sale, including customer identity verification (KYC) and participation processes. All interested users must complete KYC and registration (subscription) by 10:00 AM (China Time) on October 25th to qualify. Momentum stated that this community offering will utilize a differentiated allocation mechanism based on user contribution, divided into two phases with varying fully diluted valuations (FDVs): Phase 1 ($250 million FDV) is open to users holding at least $3,000 worth of Momentum LP (liquidity provider) positions through the Buildpad HODL platform, as well as WAGMI Tier 1–5 program participants. 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 ($350 million FDV): Open to ordinary users who do not hold HODL LP positions but have passed general KYC verification.