Press release. For many years, centralized exchanges have been the backbone of the cryptocurrency market. They provide fast settlement time, high transaction volume, and continuously improve liquidity. However, a parallel world is constructed in the form of a trustless agreement. Decentralized exchanges (DEX) do not require middlemen or custodians to facilitate transactions.
Due to the inherent limitations of blockchain technology, it has always been a challenge to build a DEX that can meaningfully compete with centralized competitors. Most DEX can improve performance and user experience.
Basically, MoonDeFi has two main elements: exchange and stakeout (farming). And when users participate in any of the above activities, they will get a certain profit.
What is the MoonDeFi protocol?
MoonDeFi is a protocol used to exchange ERC20 tokens on Ethereum. Traditionally, token swaps require buyers and sellers to create liquidity. MoonDeFi automatically creates a market. Unlike most exchanges that charge fees, MoonDeFi’s fee structure is very low and there are no fees.
Traders can exchange Ethereum tokens on MoonDeFi without having to trust anyone with money. Anyone can lend their cryptocurrency to the liquidity pool and charge a fee. This is done through an equation, which can automatically determine and balance the value based on actual needs.
How the MoonDeFi protocol works
MoonDeFi is an automatic liquidity trading market, so trading does not require an order book or a central trading party, and MoonDeFi allows users to act as a one-stop service for any type of exchange, whether it is a token exchange or a trading platform.
In order to trade without an order, MoonDeFi has developed a model called a liquidity pool, which is created by a liquidity provider. Anyone with an Ethereum address can promote the liquidity of the exchange and make money from it. It allows users to exchange ERC20 tokens, including local ETH tokens, without an intermediary.
Users should keep one thing in mind: you can seamlessly switch ERC-20 tokens without an order. Since the MoonDeFi protocol is decentralized, the listing process has been completely decentralized, and traders have no available liquidity pool.
How to exchange tokens on MoonDeFi
The main difference between MoonDeFi and other decentralized exchanges is the use of a pricing mechanism called the “constant product market market maker model”. – You can add any tokens to Moon by injecting capital with equivalent ETH and ERC20 tokens being traded. For example, if a user wants to exchange an altcoin named Token A, they will initiate a new Moon smart contract for Token A and create a liquidity pool, for example, Token A worth 10 USD and ETH 10 USD. Now, users are liquidity providers.
After the token has its own exchange smart contract and liquidity pool, anyone can trade the token or contribute to the liquidity pool while earning a 0.3% liquidity provider fee. Okay, this is how liquidity providers can profit from swaps.
Stakeout/farming on MoonDeFi
MoonDeFi, an innovative Defi platform, recently provided users with liquidity mining. After liquidity providers donate their coins to the pool, they will receive LP tokens. Liquidity providers can use these tokens to participate in “fundraising plans” with higher profit margins. Rewards will be distributed to users who deposit funds in the liquidity pool and join the program.
MoonDeFi automatically searches for the latest and most efficient DeFi platform. It can then use the latest algorithms to optimize productivity, which can find high profits while providing users with affordable services. Then, users benefit from farming at a stable interest rate.
In MoonDeFi, when users put in coins/tokens, they will receive 30-40% interest per year, but when users become liquidity providers and put in their LP tokens, the interest can be as high as 45%. MOON is the native token of the MoonDeFi platform itself and the token with the highest interest rate.
Therefore, all in all, MoonDeFi is a more complete version of other DeFi platforms. The liquidity provider’s transaction fee income is 0.3% of the transaction volume, and the equity is up to 45% per year.
Announcement from MoonDeFi Team
Currently, airdrop, bounty and marketing programs are being launched, with a total reward of up to 10 million MOON, equivalent to 10 million US dollars. All interested parties need to do is to follow the airdrop bot t.me/moondefi_airdropbot and write blog content or make videos about the project. Each reward is up to 150 MOON (about 150 USDT). For more detailed information about these two programs, please visit this link.
MOON token sale
MoonDeFi is currently conducting a token sale. Users who want to participate in the MOON token sale should visit moondefi.org. The details of the MOON token sale are as follows:
Token type: ERC-20
Sale total: 32,000,000 MOON
- Pre-sale (03/12/2020 – 31/12/2020): 8,000,000 MOON-Price: 0.25 USDT
- The first round of public sale (01/01/2021-31/01/2021): 12,000,000 MOON-Price: 0.5 USDT
- Public Sale Round 2 (January 2, 20-February 28, 2021): 12,000,000 Moons-Price: $0.75
Telegram Channel: t.me/moondefiofficial
Telegram Group: https://t.me/moondefiofficialgroup
Contact name: MoonDeFi Support
Contact email: email@example.com
MoonDeFi contract and token address
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