PRESS RELEASE. Centralized exchanges have been the backbone of the cryptocurrency market for years. They offer fast settlement times, high trading volume, and continually improving liquidity. However, there’s 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 DEXes that meaningfully compete with their centralized counterparts. Most DEXs could improve both in terms of 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 a certain profit.
What is the MoonDeFi Protocol?
MoonDeFi is a protocol on Ethereum for swapping ERC20 tokens. Traditionally, token swaps require buyers and sellers to create liquidity; MoonDeFi creates markets automatically. Unlike most exchanges that charge fees, MoonDeFi was designed with a very low fee structure without any fees.
Traders can exchange 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 MoonDeFi’s Protocol Works
MoonDeFi is an automatic liquidity marketplace, so, there is no order book or central party 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 enable trading without an order book, MoonDeFi has developed a model called the liquidity pool, which is created by liquidity providers. Anyone with an Ethereum address can contribute to the liquidity of exchange and make money from it. It allows users to exchange ERC20 tokens, including the native ETH token, without intermediaries.
There is one important thing that users should keep in mind: they can seamlessly switch between ERC-20 tokens without the need for an order book. As the MoonDeFi Protocol is decentralized, the listing process is fully decentralized and there is no liquidity pool available for traders.
How to Swap 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 being traded. For example, if a user wanted to make an exchange 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 worth of Token A and $10 worth of ETH. Now, the user is a Liquidity provider.
Once a token has its own exchange smart contract and liquidity pool, anyone can trade the token or contribute to the liquidity pool while earning a liquidity provider fee of 0.3%. Ok, that’s the way a Liquidity Provider can earn profit from Swap.
Staking/Farming on MoonDeFi
The innovative Defi platform MoonDeFi has recently made liquidity mining available to users. After the Liquidity Providers contribute their coins to the pool, they will receive LP tokens. Liquidity Providers can use those tokens to participate in the Staking Program with a high profit rate. The reward will be distributed among users who deposit funds to the liquidity pool and join this program.
MoonDeFi automatically searches for the latest and most efficient DeFi platforms. It then optimizes productivity with the latest algorithms that can find highly profitable, at the same time very affordable groups for the user. Users then benefit at a steady rate of interest through farming.
At MoonDeFi, when users stake a coin/token, they will receive an interest of 30-40% a 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 the transaction fee earnings of 0.3% of trading for Liquidity Providers and the staking interest up to 45% annually.
An Announcement from the MoonDeFi Team
Currently, airdrop & bounty and marketing programs are being launched, the total reward is up to 10 million MOON, equivalent to 10 million USDT. 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, with each individual reward being up to 150 MOON (~150 USDT). For more detailed information on these two programs, please visit this link.
MOON Token Sale
MoonDeFi is carrying out a Token Sale at the moment. Users who would like to participate in 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
- Pre-Sale (03/12/2020 – 31/12/2020): 8,000,000 MOON – Price: 0.25 USDT
- Public Sale Round 1 (01/01/2021 – 31/01/2021): 12,000,000 MOON – Price: 0.5 USDT
- Public Sale Round 2 (01/02/2021 – 28/02/2021) : 12,000,000 MOON – Price: 0.75 USDT
Twitter: @moondefi_info
Telegram channel: t.me/moondefiofficial
Telegram group: https://t.me/moondefiofficialgroup
Medium: @moondefigroup
Reddit: @moondefi
Media Contact Details
Contact Name: MoonDeFi Support
Contact Email: [email protected]
MoonDeFi Contract & Token Addresses
Contract: 0x765b2d50dE69219A418383F79a4973568d537F90
Token: 0x71924a8d733ae1bbc18d243e1deb56e767440eb6
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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