RushMoon: The future of Moons?

DECENTRALIZED FINANCE

Decentralized finance (DeFi) is finance based on the blockchain that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum and recently Binance Smart Chain, Waves and Polygon. One of its offshoots is a Decentralized Exchange. This is a center where people trade digital assets in a decentralized manner.

RUSHMOON

Today, we will talk about RushMoon. This is a new burgeoning AMM. This is an AMM decentralized exchange running on Binance Smart Chain, with automatic liquidity acquisition yield capabilities. Ok, let's talk about AMMs.
An automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm. AMM systems took off after they were first implemented by Shearson Lehman Brothers and ATD in the early 1990s — before their invention, order books were created by humans who manually initiated trades meant to enhance the liquidity of the market.This approach was the reason for some slippage and latency in price discovery on the markets. Furthermore, market makers were also accused of market manipulation. When introduced, AMMs solved all the issues caused by human market makers. Now, these types of systems are also being introduced in blockchain-based decentralized exchanges.

Why Binance Smart Chain?
Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.
Furthermore, Binance Smart Chain also implements the Ethereum Virtual Machine (EVM), which allows it to run Ethereum-based applications like MetaMask.
The aim of the platform is to enable developers to build decentralized applications (DApps) and help users manage their digital assets cross-chain with low latency and large capacity

RushMoon Launch
The project was launched on Sun May 23 2021 18:26:53 UTC, with Farming Start on Block: #7667919. Also PancakeSwap liquidity will be added at the farming start with Emission Rate on 10,000 RUSH/block. Launch Price was 1 BNB= 650,000 RUSH and Buyback was activated immediately.

RushMoon in the Future
Rushmoon would launch its DAO. RushDAO will be released 2 months after the initial launch. Community Driven. A minimum of 100,000 RUSH is required to create new community proposals. The RushDAO is formed to represent the will of the RUSH community, acting in their best interests.

What Is a Decentralized Autonomous Organization (DAO)?
One of the major features of digital currencies is that they are decentralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. In many cases, virtual currencies make use of this decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions.

The DAO was an organization that was designed to be automated and decentralized. It acted as a form of venture capital fund, based on open-source code and without a typical management structure or board of directors. To be fully decentralized, the DAO was unaffiliated with any particular nation-state, though it made use of the ethereum network

RUSHMOON RESOURCES

ABOUT THE AUTHOR

Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur.

Bitcointalk Username: Jaered

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2809533

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