The StakeMoon Coin protocol is a community driven fair launched StakeMoon Token. Three simple functions occur during each trade: Reflection, LP Acquisition, and Burn.Buy Now Download Whitepaper
STAKEMOON has set out a clear path of goals that it aims to achieve in the coming months and years. These goals are elaborated on further in the sections below.
The first notable event that will take place in Q3 is that of the STAKEMOON pre-sale token launch. As noted, this will allow early adopters of the token to make a purchase at a favorable price.
The pre-sale will be conducted on an OTC basis. This means that a request will need to be made to the team behind STAKEMOON - and subsequently, instructions on how to complete the purchase will be provided. To recap - the pre-sale will make 1 million STAKEMOON tokens available for purchase.
50% of all proceeds from the STAKEMOON pre-sale launch will be allocated to the aforementioned liquidity pool via a 1-year smart contract lock-up.
Once the pre-sale offering has concluded, the STAKEMOON token will be listed on Pancakeswap. For those unaware of Pancakeswap - it is a leading decentralized exchange (DEX) that allows users to buy, sell, and trade hundreds of DeFi coins without a third party.
Instead, Pancakeswap utilizes the aforementioned Automatic Liquidity Pool system to facilitate trades. Although the platform was launched as recently as September 2020 - Pancakeswap is already home to millions of daily active users and billions of dollars worth of liquidity within its decentralized pools.
As a result, Pancakeswap is the obvious choice for STAKEMOON’s initial exchange listing. As soon as STAKEMOON is listed on the Pancakeswap DEX- this will instantaneously create a marketplace for buyers and sellers to transact. The value of STAKEMOON will therefore be dictated by market forces.
The main focus in Q4 2021 will be to finalize the legalities behind STAKEMOON’s listing on Bitmart. This will be a major achievement for the project, not least because Bitmart is one of the largest and most recognized cryptocurrency exchanges globally.
Bitmart often facilitates more than $1 billion worth of daily cryptocurrency trades - which means that upon being listed, STAKEMOON will gain worldwide exposure to a huge pool of volume, liquidity, and users. Furthermore, Bitmart has the legal remit to accept deposits in the form of fiat currency - which includes debit and credit card payments.
This is a major plus-point for STAKEMOON - as those looking to obtain the token will be able to do so without needing to fund their account with a cryptocurrency. Instead, prospective buyers will simply need to deposit funds with their Visa/MasterCard or bank account - and then proceed to purchase STAKEMOON tokens in real-time.
In the quarter following STAKEMOON’s listing on Bitmart - the exchange will provide a framework for automated staking. As this whitepaper noted earlier, staking allows holders to earn interest on their STAKEMOON tokens. The process of staking STAKEMOON tokens at Bitmart could not be easier - as this will be conducted in an autonomous manner.
That is to say, by simply holding the STAKEMOON tokens in their Bitmart wallet, users will automatically earn staking rewards. The team at STAKEMOON note that there will be an APR of up to 50% available when staking at Bitmart - which is one of the most competitive interest rates in this marketplace.
To clarify, there will be no minimum redemption period when staking STAKEMOON tokens at Bitmart, meaning that users can withdraw or transfer their digital funds at any given time.
STAKEMOON Staking Platform
By the end of Q2 2022, STAKEMOON will achieve a crucial milestone - the launch of its proprietary staking platform. This core feature was discussed earlier in this whitepaper, albeit, to recap - this platform will allow users to stake digital currencies other than just STAKEMOON.
In fact, the team at STAKEMOON aims to host more than 100+ PoS tokens. This will allow STAKEMOON to become the go-to platform for all staking opportunities that are available in the digital asset marketplace.