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PRESS RELEASE. Centralized exchanges have been the backbone of the cryptocurrency market for years. They offer fast settlement times, high trading volume and continuously improving liquidity. However, there is a parallel world being built in the form of trustless protocols. Decentralized Exchanges (DEX) require no middlemen or custodians to facilitate trading.
Due to the inherent limitations of blockchain technology, it has been a challenge to build DEXs that compete significantly with their centralized counterparts. Most DEXs could improve in both performance and user experience.
Basically, MoonDeFi has two main elements: Swap and Staking (Farming). And when users participate in any of the above activities, they will receive some profit.
What is the MoonDeFi protocol?
MoonDeFi is a protocol on Ethereum for the exchange of ERC20 tokens. Traditionally, token swaps require buyers and sellers to create liquidity; MoonDeFi automatically creates markets. Unlike most exchanges that charge fees, MoonDeFi was designed with a very low fee structure with no fees.
Traders can trade Ethereum tokens on MoonDeFi without having to trust anyone with their money. Anyone can lend their cryptocurrencies to the liquidity pool and collect a fee. This is done by an equation that automatically determines and balances the value based on actual demand.
How the MoonDeFi protocol works
MoonDeFi is an automatic liquidity market, so no trading book or middle party is required for the transaction, and MoonDeFi allows users to act as a one stop shop for any type of exchange, be it a token exchange or a trading platform.
To allow trading without an order book, MoonDeFi has developed a model called liquidity pool, created by liquidity providers. Anyone with an Ethereum address can contribute to the liquidity of the exchange and profit from it. It allows users to exchange ERC20 tokens, including native ETH token, without intermediaries.
There is one important thing users should keep in mind: they can seamlessly switch between ERC-20 tokens without the need for an order book. Since the MoonDeFi protocol is decentralized, the listing process is completely decentralized and there is no liquidity pool available for traders.
How to exchange tokens on MoonDeFi
MoonDeFi’s main distinction from other decentralized exchanges is the use of a pricing mechanism called the “Constant Product Market Maker Model”. – Any token can be added to Moon by funding it with an equivalent value of ETH and the ERC20 token traded. For example, if a user wanted to trade for an altcoin called Token A, they would launch a new Moon smart contract for Token A and create a liquidity pool with, for example, $ 10 of Token A and $ 10 of ETH. The user is now a liquidity provider.
Once a token has its own smart swap and liquidity pool, anyone can trade the token or contribute to the liquidity pool by earning a 0.3% liquidity provider fee. Ok, this is how a liquidity provider can earn profit from the Swap.
Staking / Farming on MoonDeFi
The innovative Defi MoonDeFi platform recently made liquidity mining available to users. After the liquidity providers have contributed their coins to the pool, they will receive LP tokens. Liquidity providers can use these tokens to participate in the stake program with a high profit rate. The reward will be distributed among users who deposit funds into the liquidity pool and join this program.
MoonDeFi automatically searches for the latest and most efficient DeFi platforms. Then optimize productivity with the latest algorithms that can find highly profitable and at the same time very convenient for the user groups. Users therefore benefit at a constant interest rate through agriculture.
At MoonDeFi, when users wager a coin / token, they will receive 30-40% interest per year, but when users become a liquidity provider and stake their LP tokens, the interest can go up to 45 %. MOON, the native token of the MoonDeFi platform itself, is the one with the highest interest rates.
So in summary, MoonDeFi is a more complete version of other DeFi platforms, with transaction fee gains of 0.3% from trading for liquidity providers and stake interest up to 45% per annum.
An announcement from the MoonDeFi team
Currently, airdrop and bounty and marketing programs are launched, the total reward is up to 10 million MOON, equivalent to 10 million USDT. All interested parties need to do is follow the t.me/moondefi_airdropbot airdrop bot and blog content or make videos about the project, with each individual reward up to 150 MOON (~ 150 USDT). For more detailed information on these two programs, visit this link.
Sale of MOON tokens
MoonDeFi is carrying out a token sale at the moment. Users wishing to participate in the MOON Token Sale should visit moondefi.org. The details of the MOON token sale are as follows:
Symbol: MOON
Token type: ERC-20
Total sale: 32,000,000 MOON
- Presale (03/12/2020 – 31/12/2020): 8,000,000 MOON – Price: 0.25 USDT
- Public Sale Round 1 (01/01/2021 – 01/31/2021): LUNA 12,000,000 – Price: 0.5 USDT
- Public Sale Round 2 (02/01/2021 – 02/28/2021): 12,000,000 MOON – Price: 0.75 USDT
Twitter: @moondefi_Information
Telegram channel: t.me/moondefiofficial
Telegram Group: https://t.me/moondefiofficialgroup
Medium: @moondefigroup
Reddit: @moondefi
Contact details for the media
Contact Name: MoonDeFi support
Contact email: [email protected]
MoonDeFi contract and token addresses
Contract: 0x765b2d50dE69219A418383F79a4973568d537F90
Token: 0x71924a8d733ae1bbc18d243e1deb56e767440eb6
This is a press release. Readers should perform their own due diligence before taking any action related to the promoted company or its affiliates or services. Bitcoin.com is not liable, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, nor a recommendation or endorsement of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.
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