An Introduction of MoonDeFi (Decentralized Finance)

in #cryptocurrency4 years ago

The decentralization on the internet become a manifestation after the blockchain technology was discovered which provides a convenient vehicle and great opportunity for these services. In 2008, the first blockchain project started in 2008,(Bitcoin) is a decentralized cash transaction system. The protocol of bitcoin explained the rules on the coin supply, coin transfer, and structures to store the related information. Without a centralized control entity, Bitcoin is able to be run autonomously on a distributed network with the aid of a decentralized consensus algorithm. After Bitcoin, Ethereum provides a virtual environment allowing users to upload a program onto the blockchain and running the program in an autonomous sense. This attractive feature booms DAPPs up, this fact can be evidenced by observing various kinds of services have been built on the basis of Ethereum blockchain recently. Among the existing blockchain-based DAPPs, Decentralized Exchange (DEX) is one of the most mentioned and best-fitted ones.

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The centralized exchanges have been the major entity in the cryptocurrency market since the beginning the technology due to the fact that they offer fast settlement liquidity improvement and high trading volume that gives users the confidence to trade with them. As the adoption of crypto increases, trustless protocols were introduced which require no middlemen or custodians to facilitate trading this is known as Decentralized Exchange.

MoonDeFi A Case Study

MoonDeFi is a decentralized exchange that allows its users to swap their ERC-20 based token. This protocol has two main elements which are Swap (Token Exchange) and Staking (Farming).
Staking is a significant element in DeFi system which provides participants with profit on their investment. When considering token swapping it requires buyers verse sellers creating liquidity but in case of DExes, MoonDeFi creates markets automatically and it is designed to provide little or no fee for the transaction.
As a trader, consider MoonDeFi as a one-stop-shop for any type of exchange whether its a token exchange or you are thinking of trading platform. MoonDeFi serves as an automatic liquidity marketplace therefore required no order book that makes your transactions wait for some period of time before execution.

MoonDeFi Liquidity Protocol

Knowing that MoonDeFi is an automatic liquidity marketplace, it gives everyone interested in contributing to the protocol an opportunity and gets a reward for providing this service. A liquidity pool on the Dapps of MoonDeFi allows anyone with an Ethereum address contributes to the liquidity of exchange and get rewarded.

MoonDeFi Staking Platform

The introduction of MoonDeFi decentralized finance platform brings liquidity mining available to users. The moment providers of liquidity add their coins into the pool, they receive liquidity pool tokens automatically that start mining reward for them automatically. This is the determinant of the pool the user deposited into. A steady rate of interest through staking is certain for staker/farmer on MoonDeFi App. The APR is 30-40% for liquidity provider and the moment the LP received is staked, APR increases up to 45%.

MoonDeFi Native Token

There are so many of DExes but not all have a native token but MoonDeFi platform has the native token is known as MOON. This gave the platform a complete version of other DeFi platforms, with the transaction fee earnings of 0.3% of trading for those providing liquidity on the platform and the staking interest up to 45% annually.

Symbol: MOON
Token type: ERC-20
Total Sale: 32,000,000 MOON
MoonDeFi Contract & Token Addresses
Contract: 0x765b2d50dE69219A418383F79a4973568d537F90
Token: 0x71924a8d733ae1bbc18d243e1deb56e767440eb6

MoonDeFi Airdrop

MoonDeFi Team launched airdrop and bounty up to 10,000,000 MOON. 1 MOON price speculated at 1 USDT which means, the airdrop and bounty worth 10 Millon USDT.

Are you asking how to be part? Enter for the Airdrop Here
Bounty program applies to bloggers and video creators.

MOON Token Sale

MoonDeFi completed presale 31st December 2020. Don't feel you are out of the token sale.
The public sale is in two stages.
Public Sale 1 (01/01/2021 – 31/01/2021): 12,000,000 MOON – Price: 0.5 USDT
Public Sale 2 (01/02/2021 – 28/02/2021): 12,000,000 MOON – Price: 0.75 USDT
Total Public Sale: 24,000,000 MOON

On MoonDeFi Swap 1 MOON is $1.26 as at the time of writing this article, take the opportunity of the public sale and buy less before February 28th.

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To participate visit MOON Token Sale here.

Official Links

Website: moodndefi.org
Medium: https://medium.com/@moondefigroup
Twitter: https://twitter/moondefi_info
Telegram Group: https://t.me/moondefiofficialgroup
Telegram Channel: https://t.me/moondefiofficial
Disclaimer: I am not a financial advisor, Kindly DYOR!