🙏🙏🙏 ❤️❤️❤️ MOONDEFI ❤️❤️❤️🙏🙏🙏
Blockchain technology revolutionized the view on conventional fiat currencies as it enables the mining of decentralized digital currencies. The introduction of Bitcoin changed the world and became the gold standard. Although acceptance of Cryptocurrencies among the wider public is still proving challenging as some providers are associated with reputational issues. The overall shift to digital currencies is rapidly progressing, and this breakthrough technology has yet to reach its full potential. Blockchain is more than just an aspect of cryptocurrencies. Blockchain technology has wide ranging applications and simplifies business and transaction processes, provides transparency and safety, makes centralized intermediary parties unnecessary and reduces transaction costs, here comes up MOONDEFI CRYPROCURRENCY PROJECT.
About The Project
MoonDefi is indeed a decentralized exchange besed on ethereum blockchain, on the other way round MoonDeFi has been created as a project that’s part of the Decentralized Finance (DeFi) movement, however Moon DeFi Alternative Savings Apps were designed to maximize the improvement and helps in simplifying the overall experience for third-party DeFi lending protocols. Indeed, There is an introduction of DeFi savings products to non-crypto native users and act as an alternative interface for lending protocols.
Ofcourse, On MoonDeFi, Traders can exchange Ethereum tokens without and issue or having to trust other traders. Interface users or investors can lend their cryptocurrencies to the liquidity pool and involves in staking and get returns . This is done by an equation that automatically determines and balances the value based on actual demand. This is the first ever fully decentralized protocols for automated liquidity provision on the platform of DeFi. There’s no third party involvement, no KYC, and there’s no person involving as an intermediary.
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.
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. Besides, Staking program is also applied for holders of other tokens.
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%, a number that is truly different from those of other platforms.
Among the tokens users can stake, MOON, the native token of the MoonDeFi platform itself, is the one with the highest interest rates. It is only issued in a certain small number of 210 million tokens.
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.
How to Swap Tokens on MoonDeFi
Let’s say somebody hasn’t used Moon Protocol before, so there is one question here: how can they swap tokens on it? The answer is also a special part of Moon. 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.
For More Detailed Informations, visit:
Website: https://moondefi.org
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
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