Moonshot. Have you ever heard of it? I haven't until recently and, now that I have, I am beginning to see more and more presence of the token on several platforms. In the already massive and evolving crypto world, it's always fun to see new "start-ups". Of course, newer tokens have a risk... but so does every other coin and token. If you haven't heard of Moonshot, I am hoping that this article will shed some light on the token that is beginning to slowly take over social platforms and gain popularity.
I am not sponsored by CoinMarketCap or Moonshot.
This is not financial advice. I am not a financial advisor.
Please do your own research before making any decisions before investing.
This article is meant for educational purposes only.
Launched only 18 days ago, Moonshot states the following on their website: Moonshot is a deflationary, self-regenerating automatic liquidity providing protocol that pays out static rewards to holders. I don't know about you, but I've been seeing these types of tokens more often than not recently. So what does this even mean?
Every time a Moonshot transaction takes place, 4% of the transaction is distributed amongst current holders of the token. In addition to that, 6% of the transaction is automatically locked into a liquidity pool. This is done to create incentive for stakeholders to buy and hold the token for long periods of time. With this model, price of the token should increase over time, as tokens will be locked away According to their team, Moonshot is 100% rugpull safe, as LP tokens are currently locked for the next 3 years by DXSale.Network and an audit performed by Solidity.Finance. Of course, take any and all crypto information with a grain of salt and do your own research always before purchasing any crypto.
Moonshot is a BEP-20 (ERC20 compatible) token running on the BINANCE Smart Chain Network. Since Moonshot is so new, it is not found on trading platforms at this time. According to their Twitter page, Moonshot was recently listed on P2PB2P Exchange. This means that in order to obtain tokens, you must swap via a browser-based wallet such as MetaMask or Trust Wallet. You'll then need to swap the crypto you're wishing to swap for Moonshot, typically BNB, with 11% slippage to cover the distribution and liquidity lock. A more detailed instruction list can be found here on their website. They also lay out a roadmap of their recent successes and goals they are working towards here. One feature I found on their website, which I thought was pretty cool due, was the option to have a "Moon Paper". This is basically a fun idea to claim your spot, or "ticket", to the moon, and allows you to place your name on the ticket prior to downloading. I thought this was cool and fun honestly just because I haven't seen anything like it. I placed an example below! As you can see, there is some sort of bug when displaying your name as "VIP".
I hope this article helped you learn a little more about the type of token Moonshot is and how it could provide potential profitability long-term. This is all speculation, however, and the path of Moonshot can only be told with time and patience. If you haven't heard of it yet, I am happy I had the opportunity to show you a new crypto launched into the market! Moonshot's trading sheet can be found here on CoinMarketCap.
Do you think Moonshot will be the next big thing people go crazy about?
Leave a comment and let me know what you think about tokens like this!
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