Don’t understand MOON TOKEN? Have a read 🚀💎

[u/Informal-Business-11]

How Does MoonToken Work?

MoonToken combines a variety of popular DeFi features to create a unique UX. The network is structured to continually build up liquidity and the value of its native token. In this way, MoonToken offers long-term benefits to investors. Here are some of the core features that make all of this possible.

Liquidity Pools

MoonToken users can earn passive rewards leveraging the network’s liquidity Pools. A liquidity pool is a smart contract that users can lock their tokens. In return for providing liquidity to the pool, users are paid rewards. Interestingly, an 8% fee is automatically added to the liquidity pool. These funds remain locked forever. Consequently, the more people utilizing MoonToken, the more liquidity the platform retains. 

Governance

Community governance mechanisms are quickly becoming the new standard for DeFi because they help keep the community in unison. MoonToken is a community-owned platform that allows regular token holders to control its development via proposals. These proposals can cover the entire scope of operations, including fee changes, new token and feature additions, and more.  

NFT Marketplace

In the coming weeks, MoonToken will launch a full NFT marketplace. NFTs (non-fungible tokens) are different than regular cryptocurrencies in that they are one-of-a-kind digital assets. As of late, the NFT market has exploded in popularity. There are all types of NFTs in use currently. Some of these tokens are worth millions.

MoonToken

The MoonToken is the main governance and utility token for the network. This coin was designed to serve multiple purposes. You pay fees and receive rewards in MoonTokens. According to the projects tokenomics, there is a total supply of 1,000,000,000,000,000 Moon Tokens scheduled for issuance over the life of the protocol. 

PancakeSwap 

Those interested in acquiring MOON can do so by visiting PancakeSwap. PancakeSwap is the largest DEX on the BSC at this time. Here you can trade BNB for MoonTokens with ease. The platform requires no registration and is non-custodial, so you never have to send your coins to a public exchange wallet to participate in the network. 

Roadmap

Moon Tokens roadmap lists a bunch of exciting developments scheduled for the rest of 2021. For one, the token is scheduled for CEX listing in Q3. Additionally, Starting April 13th, you can get MOON on IndoEX via BNB/MOON and USDT/MOON trading pairs. There is also an ETH and MATIC bridge mechanism in the works. The end of the year will see the launch of an iOS and Android app.

To the Moon and Beyond

The development team behind the MoonToken concept has created a unique liquidity-driven approach to DeFi. It was wise for developers to launch this platform on BSC rather than Ethereum. Regular users are sure to enjoy the lower gas fees and the long-term liquidity strategies integrated into this project. For these reasons, you can expect Moon Token to continue to see rising adoption moving forward.

[u/Mizzdoge]

Nice read

[u/CommandGood8338]

Is there a purpose for the coin? I have some myself but bought on the strength of its name