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Is MoonDAO the Next Coin to Moon? Check Expert Analysis

MOONDAO Protocol is an innovative BEP-20 token that uses complex algorithms to generate automatic gas-less yield rewards, incentivizes holding while stabilizing the price through automatically generating Liquidity, providing an unbreakable price floor. What makes Moondao truly Moon Shot  is the automatic market-making mechanisms that guarantee ever-lasting baseline liquidity (basically a price floor) that inches higher on each trade executed.

On launch, 60% of the total token supply is sent to the “Black Hole” address. As more fees are collected, the black hole grows, permanently burning a portion of tokens, and constantly taking supply out of circulation and leaving the BNB, ultimately raising the price floor each day.

This is achieved by using a burn address instead of a fixed burn fee. The burn address is also known as the “Black Hole” also receives a percentage of the redistribution fee. At launch, this percentage will be 60% but will keep rising as more tokens are accumulated in the Black Hole.

Is MoonDao the Next Coin to Moon

MoonDAO Tokenomics and Details

Fee Breakdown – 6% fee on each transaction

  • 3%: are re-distributed to all $MNDAO holders instantly.
  • 3%: is sent to build the $MNDAO/BNB liquidity pool on PancakeSwap.
  • More Burn: On each transaction, a big portion of $MNDAO goes to the “Black Hole”.

Details

  • Token Symbol: $MNDAO
  • Token Type: BEP-20 (Binance Smart Chain)
  • Token Max Supply: 1,000,000,000,000,000
  • Mintable: No
  • Contract: 0x069b2619eb24367a46fda638bd1b88aa4dad7879

Distribution

  • Liquidity Pre-Sale (18%)
  • PancakeSwap Liquidity (11.5%)
  • Ecosystem, Marketing (8%)
  • The Black Hole (60%) – burned on listing
  • Team Fund (2.5%)

MoonDAO Roadmap

3 Key Mechanism Making MoonDao to Moon

  1. Moon Yield Generation: 3% of all transfers get re-distributed instantly to all $MNDAO token holders. It automatically appears in your wallet. You can enjoy a passive yield farming mechanism without the explicit need of claiming your token.
  2. Ever Growing Liquidity Pool: 3% of every $MNDAO transaction is automatically added to the PancakeSwap $MNDAO-BNB liquidity pool. This creates an unbreakable price floor inching higher for each day.
  3. Fair Launch & Complete Audit: MoonDOA loves transparency. Therefore they have a fair launch where the presale price equals the listing price. LP tokens locked for 1 year. Fair distribution and audit complete by TechRate.

Learn how and where to buy MoonDAO

Stage 1: Create a Wallet

  • The first step is to create a wallet.
  • Go to the MetaMask website and download the browser plugin.
  • Then create an account.

Important note! Save the “Seed phrase” they give you, in case you forget your password.

Stage 2: Add Binance Smart Chain

Now when you have a wallet to store your currencies in, we need to add the correct chain network.

1.  Click the MetaMask icon on the top right of your browser. Then on the dropdown menu where it should say “Etherium Mainnet”.

2.  Now we type in the following:

  • Network Name:
    Binance Smart Chain
  • New RPC URL:
    https://bsc-dataseed.binance.org/
  • Chain ID:
    56
  • Currency Symbol:
    BNB
  • Block Explorer URL:
    http://bscscan.com/

Stage 3: Buy BNB

Create a Binance account. Their website is well made and should guide you through the steps to create your account. And then if you don’t find how to buy BNB you can do it here.

Stage 4: Transfer BNB to Your Wallet

Now when you have some BNB.

1.  Open your wallet in Binance exchange, select Binance coin (BNB), and click withdraw.

2.  Go and open MetaMask. Ensure that the wallet is on the Binance Smart Chain network, and after that, copy the address by clicking on it.

3.  Paste the address you copied from MetaMask in the address field. Click Binance Smart Chain and enter the amount you wish to transfer below and submit. You should see the BNB coin on the left side.

5.  On the next window, you will get a confirmation for withdrawal.

After a minute, the transaction will appear in your MetaMask wallet, so you will be good to go.

Stage 5: Finally You can Buy MoonDAO Coin

Now when you have BNB in your wallet, you can simply buy MOONDAO from Pankcakeswap. If you encounter some issues, try adjusting slippage tolerance.

MoonDAO Live Price Data

The live MoonDAO price today 4/26/2021 is $3.77e-8 USD with a 24-hour trading volume of $386,583 USD. MoonDAO is up 29.59% in the last 24 hours. The current CoinMarketCap ranking is #2872, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000,000,000 MNDAO coins. MoonDAO is an RFI + LIQ token built upon the binance smart chain network. MNDAO redistributes 3% back to wallets on each transaction, while also locking 3% of transactions into the liquidity pool.

Every trade contributes toward automatically generating liquidity locked inside Pancakeswap LP. 3% of every transaction is locked as liquidity in the Pancakeswap MNDAO/BNB pool forever creating an ever rising price floor.



This post first appeared on Cryptocurrency And Forex News, please read the originial post: here

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