Overview
Defi is a term given to financial services that have no central authority or someone in charge. Using decentralized money like certain cryptocurrencies that can be programmed for automated activities, we can build exchanges, lending services, insurance companies, and other organizations that don't have an owner and control by anyone.
These Decentralized finance systems use protocols, cryptocurrencies, and smart contracts to build the application (dapps) on Ethereum and Binance smart chain which are open to all. The traditional finance system is centralized, opaque, and dependent on few entities of the system while the purpose of Defi is to create a financial ecosystem that is opposite to centralized finance in terms of open source, permissionless, transparent, and without any central authority. In Defi, users can control their own assets and manage them for high returns interacting with Dapps.
Despite DeFi’s tremendous and remarkable growth, it still has some ways to go before achieving its primary goal of restructuring the financial sector by ushering in a new age of decentralization, which has been made difficult due to the low adoption rate. Here Morrex Protocol plays an important role.
What is Moorex Protocol?
Moorex is a community-focused multi-chain token aiming to bring transparency and anonymity into charity in the finance sector. Moorex was built to revolutionize decentralization, educate the masses about cryptocurrency and impact business owners worldwide. Moorex is more than a DeFi token but is the future of decentralization and cryptocurrency. The Moorex protocol was built to achieve sustainable long-term growth with tokenomics and an ecosystem that rewards its holders and community.
Why Moorex?
Automated - Moorex uses smart contracts to automate reward distributions to token holders and send funds to the charity wallet.
Multi-Chain - Moorex is a multi-chain token built on the Ethereum blockchain and Binance Smart Chain to improve usability and accessibility for users.
Transparency - The Moorex platform makes use of blockchain technology to ensure that the charity process is reliable and transparent.
Ecosystem of Moorex
Moorex Exchange - Moorex is a decentralized exchange that allows users to exchange their BEP-20 tokens for another while providing full custody over their tokens and coins. Moorex is a decentralized automated market maker (AMM) on the Binance Smart Chain. Users are rewarded with Moorex tokens for creating liquidity and staking within the ecosystem. Moorex will also have a crypto lottery, which will allow users to win weekly rewards. You will also be able to stake Moorex and earn Moorova rewards, the governance token on the Moorex Exchange.
NFT And Gaming - Moorex has launched its own NFT collectibles that are tradeable on the blockchain. Moorex also developing crypto-based play-to-earn games and a metaverse where users get to play games, buy/sell digital real estate, and earn Moorex tokens while doing it. It’s a killer combination of money and entertainment.
Defi Grants - The Moorex protocol aims to give DeFi grants through the Moorex token. Moorex platform makes use of blockchain technology to ensure that the charity process is reliable and transparent. Moorex ensures direct reach of funds to the business owners without any intermediaries, bringing accountability to the donations made from the network fee incurred on transactions to make a difference in the lives of millions of people around the world. The MOOR token’s charity wallet address can be explored on the Ethereum and Binance explorer to make sure that the funds reached the intended party, serving as the proof of receipt.
Automatic Rewards - Each holder of Moorex token will receive tokens passively, which comes from the 1% transaction tax. The more people trade Moorex tokens, the more rewards you will receive. This encourages users to put Moorex tokens in circulation, ultimately benefiting all holders.
Moor Token
Moorex (MOOR) is the native utility token for the Moorex Exchange and ecosystem. Moorex token has a maximum supply of 100 billion on the Ethereum blockchain and Binance Smart Chain. A 1% transaction tax is distributed among all holders, which means everyone that holds Moorex tokens will receive a never-ending cycle of passive income. Another 1% goes to the charity wallet for business grants
Tokonomics
Token Name: Moorex
Token Ticker: MOOR
Network: ETH/ BSC
Total Supply: 100 billion
2% network fee on all trades will be distributed as follows
1% goes to charity wallets for business grants
1% is distributed among the holders
Roadmap
Conclusion
MOOREX is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency MOOR, to facilitate programmable payments and open financial infrastructure development.
Read More Here
Website: http://moorextoken.com
Twitter: http://twitter.com/moorextoken
Facebook: https://www.facebook.com/groups/moorextoken/?ref=share
Reddit: https://www.reddit.com/r/moorextoken/
Telegram: https://t.me/moorexcommunity
Proof of Author
Bitcointalk Username: dower25
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3283319
Telegram: @dower25
Coinsbit registration Email: ( https://coinsbit.io ) [email protected]
MOOR address on Coinsbit - 0x5E837Fa8a60230386B2d7C9284545269Bb27B033