Singapore, 8th Oct 2022, Recently, MOY Protocol launched DEFI mechanism and Auto-Stake function to achieve rapid ecological development, while supporting the diversified expansion of more financial infrastructures and creating a Web3.0 platform that users trust in.
MONEY Protocol (MOY Protocol) is a new financial protocol that makes trading easier and more efficient, providing $MOY token holders with a consistent monthly profit of over 100% by continuous minting model.
The founding team of MOY has made great achievements throughout the financial world, summarizing complex economic models through as many as hundreds of DeFi projects. MOY aims to create a blockchain-based meta-world, which is managed by all MOY participants. In addition, through the long-term and effective DeFi minting mechanism, MOY realizes each citizen’s investment freedom, wealth freedom, and governance freedom, allowing everyone in the world to join MOY.
MOY is a DeFi innovative financial platform focusing on WEB3.0. With a team that has the knowledge, drive and capability, as well as ample financial backing from several fund companies, the platform will take MOY global through a series of unparalleled marketing strategies.
WEB 3.0 era of new finance.
In the Web2.0 era, there are problems such as leakage of user identities, opaque and involuntary data, asymmetric advantages of centralized platforms, and industry monopoly. The financial sector has also exploded in the past with a large number of problems with P2P, where a large number of users can no longer trust centralized platforms.
In the Web3.0 era, Distributed databases, smart contracts, privacy computing, autonomous data identity, distributed storage, etc. effectively solve these problems. Web3, DAO and DEFI will build a new paradigm for the future world of finance. The more innovative infrastructure triggered by these three will deconstruct the traditional business model and reconstruct it into a new economic organization system and a new business paradigm, featuring complete decentralization, intelligence and higher security, opening up a new financial ecology in the WEB 3.0 era.
The Auto-Stake function of MOY Protocol is a simple yet cutting-edge feature called Buy-Hold-Earn that provides the ultimate ease of use for $MOY holders. When users get MOY and join the liquidity pool, they can get rebase rewards and deposit them directly into wallet as interest.
1. Transaction Fee Distribution
The MOY transaction rate is an important part of the MOY protocol, which fund the execution of key functions of the protocol. The MOY transaction rate (15% for each side of the transaction) will provide $MOY holders with a stable source of high income every year.
2. DEFI mechanism
The minting trigger condition adopted by MOY is that MOY users themselves hold the LP liquidity share of MOY. Users get minting rights by adding MOY to LP, and get 1%-1.7% revenue coin quantity every 12 hours, the output coin quantity is calculated according to the number of MOY added in LP, there is no quantity threshold limit, and users can get up to 102% revenue per month.
There is an upper limit on the production coins of MOY. When the amount of MOY produced in the user’s wallet is greater than the amount of liquidity LP, the production of MOY will be stopped. Only if the user’s hand tokens are lower than the number of MOY added in the LP can the output continue, and the MOY earnings will divide the interest earnings of the output according to the number of LPs added by the user.
3. Repurchase liquidity pool
5% of every $MOY sales charge will be repurchased and automatically go into the EAI liquidity pool. 5% of every $MOY sales charge will be repurchased and automatically go into the EXI liquidity pool. Like the MOY liquidity pool, the funds in the EAI liquidity pool will increase infinitely with the development of the MOY ecosystem. The automated liquidity engine allows $MOY token holders to easily buy and sell their tokens at any time by adding more and more liquidity to the pool, with little to no market slippage.
4. Destruction mechanism.
The economic model of MOY controls the excessive increase of MOY through the selling and burning mechanism, so as to avoid price depreciation, and to maintain the stability of MOY price and supply.
When users get $MOY tokens, 5% of every $MOY trading fee will be automatically destroyed.
When users sell $MOY tokens, 2.5% of each $MOY sale fee will be automatically destroyed.
Transfers of $MOY tokens between wallet addresses will also be automatically destroyed by 15%.
5. MOY-DAO rewards.
5% of each MOY agreement sell fee will be allocated to the MOY-DAO organization and the DAO reward will be used to reward users who have contributed to the MOY agreement. When users get $MOY tokens, 5% of the transaction volume is shared among the 10 nearest referrals.
MOY protocol is the easiest way to get a return on your DeFi investment. Innovative DEFI mechanism ensures rewards are automatically paid to every $MOY token holder every 12 hours, making it the fastest automatic DEFI minting protocol in cryptocurrency. Monthly returns of up to 102%. Combined with a two-way mechanism deflationary mechanism to achieve steady sequential growth in MOY value.
In MOY Roadmap, it will own 200,000 token holders with a market capitalization of 200 million by the end of 2022. Achieve 500000 token holders with a market capitalization of 7 billion by the end of 2023. By the end of 2024, it will become the top 10 cryptocurrencies with a market value of 100 billion.
In the coming tide of the WEB3.0 era, MOY will realize the rapid development of the ecology through the DEFI super protocol, continue to create wealth myths in the DAO organization, and achieve fission transmission. With the market scale continues to grow, the liquidity of the MOY protocol will also get better and better, which can support the diversified expansion of more financial infrastructure and create a new paradigm of DEFI meta-finance in the WEB3.0 era.
Organization: Rising Sun Venture Capital Group
Contact Person: MOYBrown
The post MOY Protocol launches DEFI mechanism and Auto-Stake function to create innovative DEFI meta-finance appeared first on King Newswire.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Study Champ journalist was involved in the writing and production of this article.