Moonconnect: Innovative project to create a Social token that will reach to 5 million holders worldwide.

in moonconnect •  3 years ago  (edited)

Moonconnect aims to become the most decentralized and fairly distributed token in the universe by reaching at least 5.000.000 holders! More than 70% of the circulating supply will be sent through random Airdrops, Bounties and Rewards.That means there are no huge sales and unfair offering of tokens in Moonconnect's ecosystem. The innovative project team is operating the project with a solid view of targeting at least 5 million wallets to get and hold the MCONN tokens of the platform. That will counter the whales and bad players of the market who always use price manipulation and dumping to disrupt the ecosystem for their own benefits.

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Moonconnect platform is using blockchain technology and runs on decentralized ecosystem. This platform is providing fast transactions with low cost as it is built on Binance Smartchain. Transparency & Immutability are the sound concerns of the platform and it is effectively providing them. . The transactions are executed on this platform via the innovative smartchain and technically advanced smartcontracts of the platform. The whole process is done in users account and the executed data is stored on blockchain by the nodes of the platform. This executed data is available in a distributed ledger on blockchain and anyone can see and authenticate it. So there is no chance on data hacking or manipulation on the platform.

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The Social Token

Being social means it is distributed fairly among the deserving participants in such a way that majority of people will hold the token and there will be no one is holding excess amount of tokens. When large community is holding fairly distributed tokens, then there is no fear of price manipulation or sudden dump in the market. That will provide stability to the project and it will gain more attention & faith in the market. The end users of the platform will increase as this project is running on a mechanism that is supporting price stability and a big growing community. The aim of the project is to get access to at least 5 million wallets and make it sure that all these 5 million wallets will get fairly distributed tokens. That will counter the existing flaw of the market where the majority amount of tokens are stored in a few wallets and these majority tokens holders are manipulating the market and leaving no space for new holders. That resulting in continuous whale dumps and unsustainable price floors.
Take Ethereum, and Dogecoin for example:

  • The Top 100 Ethereum wallets own 38.4% of the circulating supply.
  • The Top 100 Dogecoin wallets own 66.9% of the circulating supply.
    In contrary to it, the Moonconnect platform believes in giving equal opportunity to all the community members. The development team is knowing the importance of the role of community for the rapid growth of the platform. And to gather a community that is able to use the platform as a social media platform where they get equal opportunities to grow and can help each other to grow is the motive of the platform.

Static Reflection Rewards and Automated LP Acquisition Mechanics

In DeFi, Yield farming is used by the users to earn passive income and also the new emerging projects are offering high APR to attract more investors on their platform. That seems good when there is boom in the market. But when there is sudden variations in the markets, the whales and bad players take advantage and dump the tokens as they are holding majority of tokens. so now with sudden dumping of price, the liquidity mining and yield farming get severely hit as the profit earned by the users is gone since with extreme price variation, there is big impermanent loss and the yield farming ends up in loss. The liquidity providers stuck with their investments.

To counter this flaw the Moonconect platform is built with proper planning and from the initial stage of the project development, the project team is making it sure that there is fair distribution of tokens to more number of users of the platform. That will check the whales attack on the ecosystem and safeguard it from sudden price dumping. To generate liquidity on the platform and providing passive income to holders of the platform this platform is using Static Reflection Rewards and Automated LP Acquisition Mechanics. With every transaction of MCONN token on the platform a Tax amount is deducted that is used as:

  • 5% od Deducted Tax id distributed among the wallets of the platform that are holding MCONN. The reward distribution is as comparative to MCONN holding in the wallets. That means the holders of the platform are not required to do anything else, they just need to hold MCONN tokens in their wallets and they become eligible to receive rewards with every transaction on the platform.

  • The remaining 5% deducted Tax of each transaction of the platform is reflected in the liquidity pool of the platform to make it more liquid platform. With more liquidity, all the functions of the platform run smoothly and the orders are executed in a flash. That enables the buyers and sellers of the platform to book good deals.

Token Allocation

MCONN is the ticker of the native token of the platform. The total supply of MCONN token is marked to 1 quadrillion with a clause that no more token will be created. But when the project launched, the project team burnt 30% of total supply. So now the initial total supply of MCONN tokens is 700 Trillion. This token is a deflationary token and its supply is reducing continuously with every transaction on the platform. That is making it possible to counter the huge supply as with passage of time, when there are more transactions on the platform, more burning of tokens will occur that with drastically reduce the total supply. So this token has good chances to grow in the coming future as per demand supply ratio when there is more demand and low supply, the price will boom.

Token Distribution

  • 30% - Burned at Launch Forever
  • 50% - Airdrop, Bounties & Rewards
  • 10% - Presale & Liquidity (Locked)
  • 5% - Airdrop Fees & Marketing
  • 5% - Team & Development Fund

100% of Airdrop & Team wallets were already time-locked for 1 year.

  • 600,000,000,000,000 (Timelocked 1 Year)
  • 300,000,000,000,000 (Already Burned)
    The rest of the 10% will be distributed to presale participants and will be added to the liquidity pool. 100% of the LP will be locked automatically by Unicrypt Network for one year when the Presale ends. Any unsold tokens will be sent to the burn address by Unicrypt!

For more information visit the Website and join Telegram Group:

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