MoonDefi - A One Stop Solution for Cryptocurrency Exchange
The cryptocurrency industry is one of the fastest growing industry in the world today. It provides an efficient and secured way of performing financial transactions.
Cryptocurrency is a currency which is free from centralized authority such as central banks.
It has helped move the world economic, financial and banking sector to a whole new level.
One of the backbone of cryptocurrency is the exchange platforms. This is where cryptocurrency is been traded in large volume and also where liquidity is provided.
There are two types of an exchange platform namely the Centralized Exchange (CEX) and the Decentralized Exchange (DEX).
The centralized exchange has been in existence for a long time now and their trading volume is very large compared to the decentralized exchanges which are relatively new and has a low trading volume.
The advantage of DEX over CEX is that it requires no mediator or assets custodian to facilitate trading.
I present to you MoonDefi.
MoonDefi is a decentralized exchange protocol created on the ethereum blockchain for the swaping of erc-20 supported tokens. MoonDefi serves as a trustless and highly decentralized financial infrastructure.
MoonDefi was created to fulfill the demand of a permissionless financial service. It is designed to provide an automated liquidity market for asset coupled with a low fee.
MoonDefi operates on a community governance system. This is done by using it official token to pass a vote for the protocol development and sustainability.
MoonDefi consists of two part namely swapping and staking/farming.
MoonDefi provides an opportunity for traders to seamlessly swap their token in a trustless manner. This is done without an order book as moondefi provides an automated liquidity market.
To enable trading of assets without orderbook, moondefi has developed a model called liquidity mining. With liquidity mining anyone can trade the token or contribute to the liquidity pool and earn a liquidity provider fee of 0.3%.
Staking is also made possible on MoonDefi, liquidity Providers can use their reward tokens to participate in the Staking Program which has a high profit yeild.
With MoonDeFi, anyone who stakes a token will receive an interest of 30-40% a year, but when the users become a liquidity provider and stake their LP tokens, the interest can go up to 45% MOON per year.
In less than two of MoonDefi existence it has supported over $12bn volume of tokens traded by over 180,000 unique addresses and over $1bn liquidity deposited by over 32,000 unique liquidity providers earning $30m fees in the process.
The MOON Token
MOON token is the official token of MoonDefi. It is an erc-20 token with a total volume of 210 million MOON. The token is designed for use in MoonDeFi governance. Holders of the moon token will have ownership of MOON community treasury, protocol fee switch and lots more.
Owning the MOON token will surely bring about high value in the future for it holders. Also the staking of MOON token has the highest interest rate.
In Conclusion
MoonDefi is highly secured and trusless protocol with a community centric approach to governance. It swapping and farming model is one with a difference and made possible in a very seamless manner at a low fee with lot of benefit.
MoonDefi is truly what is need a this moment to ensure the DeFI world is a success.
MoonDeFi Community
•Twitter: https://twitter.com/moondefi_info
• Telegram channel: https://t.me/moondefiofficial
• Telegram group: https://t.me/moondefiofficialgroup
• Medium: https://medium.com/@moondefigroup
• Reddit: https://www.reddit.com/user/moondefi
MoonDeFi Contact
• [email protected]
• [email protected]
Author Details
Bitcointalk profile username; Assam Kingsley
Bitcointalk profile link; https://bitcointalk.org/index.php?action=profile;u=2676658;sa=summary
Proof of Authentication: https://bitcointalk.org/index.php?topic=5291354.msg55744018#msg55744018