MonkeyMoon: An Automatic Liquidity Generation Protocol

MonkeyMoon is a new platform that is basically an automatic liquidity generation protocol. The platform offers a deflationary token (MonkeyCoin a deflationary currency) that you can now buy on PancakeSwap. Moreover, the commission that’s charged on the MonkeyCoin sale is 8 percent. The commission is further divided into a couple of parts as 3 percent will be distributed among the people holding the token and 5 percent will be added to the blocked liquidity and burned. 

The best thing about MonkeyMoon is that it is 100 percent owned by the community. The platform has officially transferred the ownership to the community at its launch. The total supply of MonkeyMoon tokens is 100,000,000,000,000,000 MKMOON and 45 percent of them are already burned out. It’s important to bear in mind that the LP (Liquidity Provider) tokens are burned out when they are launched. 

Community

As mentioned, MonkeyMoon is a 100 percent community-owned platform with ownership transferred to the community. Currently, there are more than 5,500 holders, and the community is rapidly growing. The platform is launched on BSC (Binance Smart Chain) which enables it to offer not only low transaction fees. But it also offers high security to the users. Moreover, in order to ensure the security of the tokens the team behind MonkeyMoon has developed the platform in a way that LP is burned and property rights are transferred which makes it fully secure and decentralized.

If you want to join the MonkeyMoon community to keep in touch with the latest news and progress of the platform, then you can follow their Twitter account, and join the Telegram group by using the following links.

Join Twitter

Join Telegram

Other than that, you can also visit their official website to access all the features that the platform offers. If you’re interested in buying MonkeyCoin right now then all you need to do is to visit PancakeSwap by using the following link:

Buy MonkeyCoin on PankcakeSwap

Why BSC (Binance Smart Chain)?

BSC (Binance Smart Chain) is a blockchain protocol which is launched by Binance that offers smart contract functionality. This platform offers one of the fastest (if not the fastest) block generation times which makes it ideal for De-Fi (Decentralized Finance) applications. 

The reason why MonkeyMoon is launched in BSC is its scalability and high performance along with high security and low transaction fee. Moreover, Binance Smart Chain also comes with fast speed as it’s capable of generating a new block within three seconds. 

Roadmap of MonkeyMoon Project

All the features that MonkeyMoon has added in its roadmap are carefully chosen based on a comprehensive market analysis. Other than that, the team behind the project has also taken into account the community opinions in order to ensure that MonkeyMoon continues to serve its community in the best way possible. 

The future plans of MonkeyMoon are more than just a roadmap. In fact, it’s a checklist that the development team behind the platform wants to achieve as soon as possible. Each person in MonkeyMoon’s development team is a crypto expert with years of robust and rigorous experience. The team is continuously working hard to add the most innovative and practical features which are chosen based on detailed research and the community’s feedback. Here’s the roadmap of MonkeyMoon that has been disclosed so far and some of the features are already live.

Q1 – 2021: Already Achieved

Safe launch of the project including LP burn

Q1 – 2021: Already Achieved

45 percent of the total MonkeyCoin supply burned

Q1 – 2021: Already Achieved

Transfer of ownership. You can view the official transfer of ownership details yourself as well.

Q2 – 2021: Already Achieved

Launch of the giveaway using Twitter

Q2 – 2021: Already Achieved

Redesigning the website for responsiveness, user-friendliness, and fast speed

Q2 – 2021: On the way

Listing MonkeyMoon on Coingecko (the team behind MonkeyMoon has already applied on Coingecko for the launch).

Q2 – 2021: On the way

Listing MonkeyMoon on Coinmarketcap

Q3 – 2021: Planned for Future

Getting MonkeyMoon’s Smart Contract audited

Q3 – 2021: Planned for Future

NFT (Non-Fungible Tokens) Market

Q4 – 2021: Planned for Future

Getting MonkeyMoon listed on established exchanges

Q4 – 2021: Planned for Future

Further development of MonkeyMoon ecosystem

Tokenomics

As mentioned earlier, MonkeyMoon charges an 8 percent commission on the sale that is further split into two different categories. 5 percent goes to the locked liquidity pool and the platform distributes three percent among the stakeholders. This way the currency that MonkeyMoon offers known as MoneyCoin will generate up to 80 percent yield every year. That’s why it’s called a deflationary currency. Moreover, the yield that MonkeyCoin is capable of generating is extremely high as compared to your conventional bank saving accounts. Here’s a breakdown of MonkeyMoon’s Tokenomics that you need to know. 

Total Supply = 100,000,000,000,000,000 MKMOON

Already Burned = 45,000,000,000,000,000 MKMOON

Reserved for Marketing = 5,000,000,000,000,000 MKMOON

Initial Liquidity = 2 BNB

The two most significant factors that stand MonkeyCoin out from the crowd are:

The liquidity pool tokens are already burned when at its launch

The platform has also renounced the contract ownership at launch and the platform is now 100 percent owned by the community

Source : bscdaily

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