What is MoonRat (MRAT) | What is MoonRat token | What is MRAT token
In this article, we’ll discuss information about the MoonRat project and MRAT token
MoonRat Finance
MoonRat is a community-driven, fair-launched DeFi project built on Binance Smart Chain #BSC. Three functions occur during each trade: Reflection, LP Acquisition, and Burn.
MoonRat brings the most revolutionary mechanism to the BSC ecosystem: Earn $BNB just by holding $MRAT token
Transparency
Our team understands the current security concerns of the Binance Smart Chain ecosystem.
There are many scam projects which take investor’s money and do nothing.
That is the reason why we decided to be fully committed to being transparent about all of our work with our community and future investors.
Fair Launch
There is no pre-sale.
Dev will add 80% of the token supply to LP on PancakeSwap and participate in the fair launch with everyone else.
We will publish the listing date on PancakeSwap. There is no chance for the team or anyone can buy prior to the community.
See more about the tokenomics.
Liquidity Locks
At the initial launch, we locked all LPs on Unicrypt for 6 months,
https://unicrypt.network/amm/pancake/pair/0x40249ba20a60DBA40f2179c62B6Ea7cEF8F50bC0
With 20 million volume trade within 2 days, more LPs were generated.
Manual Burn
We will burn 10% from the foundation. Please take a look at tokenomics page.
Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed.
The conditions of the manual burn and the amounts can be advertised and tracked.
MoonRat aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term.
Furthermore, the total number of $MRAT burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point in time.
Transparency
Our team understands the current security concerns of the Binance Smart Chain ecosystem.
There are many scam projects which take investor’s money and do nothing.
That is the reason why we decided to be fully committed to being transparent about all of our work with our community and future investors.
Tokenomics
Total Supply: 1 Quadrillion $MRAT
- 80% for the fair launch. We add 80% of token to LP on Pancakeswap
- 5% for airdrop
- 15% for the foundation: Team only gets 4%, and 1% for marketing. We have a plan to burn the rest 10% of the foundation.
Transactional Tax
With $MRAT, each transaction has a 10% tax where:
- 4,5% of every transaction contributes toward automatically generating further liquidity on Pancake Swap. Benefiting long term for MOON RAT holders the most!
- 2% of every transaction is taken and re-distributed to all MOON RAT holders. The burn address is also a holder thus each transaction helps deflate the supply.
- 4% of every transaction is taken and re-distributed to all MOON RAT holders in $BNB.
Automatic LP
As mentioned previously, there is a 10% tax on each transaction, 4,5% gets added to the liquidity on PancakeSwap through the contract.
This liquidity becomes locked away and inaccessible, once again raising the price floor each and every time a transaction is made.
Earn BNB
4% of every transaction is taken and re-distributed to all MOON RAT holders in $BNB.
You will have to wait for a specific duration called cycle (about 1 week) to claim your BNB reward.
In this waiting duration, if you continue to add more than 2% (threshHoldTopUpRate) of your $MRAT balance, the waiting duration will proportionally add up with the cycle.
For example, on the first day of your cycle, you add up more 5% $MRAT, you have to wait: *5%7days = 8,4 hours more. That means you can claim BNB after **7 days and 8,4 hours.**
But if the **threshHoldTopUpRate >= 100%, **the waiting duration will add up max to 7 days.
For example, on the first day of your cycle, you add up more 100% $MRAT, you have to wait: 7 days more. That means you can claim BNB after 14 days.
This will prevent cheaters who try to add more $MRAT at the end of each cycle.
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What will we do with the rest 20% $MRAT?
As written on the tokenomics page, there are still 20% of $MRAT that we have not to explain to the community:
- 5% for airdrop
- 10% for the foundation: We will burn the rest 10% of the foundation.
- The team only gets 4%
- 1% for marketing.
Team Wallet (4%)
- 0x9c0e8AF84CD302417168993f6ee47Dc87A1C3687
- 0x09d8ceAc5F7f4021E1B8B3b96399181D86C31891
- 0x0D83490c6269B170d202C3ef1C7Df00bdaA77B82
- 0x737b9cE63Bc621F965b64f5aB4316E1e063c5a23
We commit to hold $MRAT for at least 6 months. After 6 months, devs can cash out a maximum of 5 % of $MRAT** in their wallet **(equals 0.05% of $MRAT supply) each month.
Devs can also collect their BNB. This is a motivation for us to develop a long-term project.
The Foundation Wallet (10%)
0xe2c3afA76a045E089Fe99316e59FC2242bF7599F
The end goal is to burn all of this 10% $MRAT.
However, we did not raise any capital or pre-sale. We’re a self-funded team.
So, we will collect the BNB reward from this wallet as raising capital for:
- Development cost: fix amount $5k/month for salary and development cost like server, software fee, etc. If we hire more employees, we will raise this number.
- Community-based activities: Each month we will choose activities depends on community requests.
- For example, this month we will apply for a Certik audit and an exchange listing because of the community’s request! For example, Certik audit fee is about $15k, an exchange listing is about $20k.
- Buy back $MRAT and burn: if the capital is still available
- Transfer back to the BNB reward pool: if the capital is still available
We will publish this spending transparently.
Because of the RFI Static Rewards feature, 2% of every transaction is taken and re-distributed to all MOONRAT holders. The foundation address is also a holder, so we will burn the additional $MRAT reflection.
When we finish updating the protocol for MoonRat v2. This means we don’t need the capital from collecting BNB rewards anymore. We will publish the detailed burn schedule for the Foundation Wallet.
About the detail of MoonRat v2, **we can not share **anything for now because there are many scammers and cloners out there. But it will be _a truly innovative #DEFI produ_ct for everyone even crypto newcomers.
Airdrop (5%)
0x701274486839427a0818e100FD30CC7d4073D6F8
We use this for airdrops and contests. Many events are coming soon.
We already hosted 5 airdrop events with a total reward of 1.43% $MRAT.
Marketing (1%)
0x9c38030CbC30e2ca5db023115a486b97De688E25
We will use this as the Liquidity Provider for exchange listing.
In the meantime, we will claim the BNB from this wallet to hire KOL, publisher for promotion
How to Buy/Sell MoonRat $MRAT on PancakeSwap
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange,
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
Transactions (sell/buy) that trade more than 0.05% of the total supply will be rejected. This will protect price movement as well.
Download the app: Trust Wallet Or MetaMask
If you don’t have a wallet, read this article and follow the steps
☞ What is Metamask wallet | How to Create a wallet and Use
☞ What is Trust Wallet | How to Create a wallet and Use
- Purchase BNB (Binance Smart Chain)
- Go to https://moonrat.finance/ to copy smart contract address or join the official group https://t.me/MoonRatFinance and https://t.me/moonrat_finance. (we also post smart contract here)
4. Go to https://exchange.pancakeswap.finance/#/swap
5. Go the the app dashboard https://app.moonrat.finance/#/ to copy the maximum BNB amount you can purchase. You can buy less than this number!
6. Come back to PancakeSwap exchange, Click “Select a currency” and enter the contract address into the search field, and you should be able to find MoonRat.
Token contract: 0x6D949f9297A522c0f97C232CC209a67Bd7CfA471
7. Before swapping, click on the cog wheel and set the slippage to between 11–13%
8. Now, set the amount you want to purchase and press the swap button.
9. Confirm the transaction and HODL
there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MRAT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information MRAT
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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#blockchain #bitcoin #crypto #mrat #moonrat
