What Is HTMoon (HTMOON)?

HTMoon is the first community token that is based on HTMoon Protocol. HTMoon Protocol is a decentralized autonomous protocol created by an anonymous team and promoted by the community. HTMoon team developed HTMoon protocol as they believe that the HT Token (Huobi token) is underestimated.

HTMoon employs three simple functions: Reflection + LP acquisition + Burn.

Reflection

Reflection aims to prevent large price drops, which new cryptocurrencies mostly face from whales during the price discovery phase. This mechanism incentivizes users to hold onto their tokens long-term. This mechanism helps gain more tokens by “Holding” the token and benefits from a potential price appreciation that may occur through coin burns.

Burn

Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.

Automatic Liquidity Pool

A liquidity pool is a pool of currencies locked in a smart contract that enables trade between the tokens on a decentralized exchange (DEX). HTMoon’s LP pool is locked simultaneously in Pippi.finance and cannot be withdrawn.

HTMoon team believes that the reasonable valuation of HT token is at least 1/4 of BNB; also, the target price of HT token is at least US$60. This is the reason HTMoon protocol was developed on Heco to lock the HT token and assist HT to reach US$60.

In each HTMoon trade, the transaction is taxed a 10 percent fee. The split is as follows:

• A five percent fee is redistributed to all existing holders.

• A five percent fee is split into 50/50. Fifty percent of this fee is sold by the contract into HT, while the other 50 percent of the HTMoon tokens are paired automatically with the previously mentioned HT and added as a liquidity pair on Pippi Swap.

History of HTMoon (HTMOON)

The total supply of HTMoon is ten trillion HTMOON tokens.