What Is Rocketmoon (RMOON)?
Rocketmoon is a deflationary and autonomous yield token model which works on scarcity. Deflationary tokens are tokens that help to minimize supply over time. Further, the more the number of transactions, the more tokens decrease from the total supply, and rewards are sent out to the top 100 holders every 24 hours, including liquidity providers and community supporters. If the demand for its token is high and supply is less, RMOON holders can be rewarded with a higher price. The core functionality of this token is based on the below-mentioned features:
Rocket Fuel Combustion Effect: The Rocketmoon model works with a rocket fuel combustion effect. Combustion is a chemical procedure in which a substance burns rapidly with oxygen and releases heat, creating thrust generation. Similarly, the tokens are burned on every transaction, forming a deflationary mechanism called the Rocket Fuel Combustion that amplifies the token holders at the time of burning excess supply. Every transaction has to go through a deflationary tax of 5%. This 5% tax is automatically locked in the liquidity pool permanently and rewarded token holders. Liquidity pools help users trade cryptocurrencies on decentralized exchanges (DEX).
xBridge: The second stage is that the RMOON seeks to be the bridge between BEP-20 and TRC-20 blockchains. BEP-20 is a token standard that defines rules for tokens on Binance Smart Chain. Binance Smart Chain signifies a blockchain network developed for running smart contract-based applications. TRC-20 token is a smart contract standard used for creating tokens on the TRON Network. TRON is a blockchain-based digital platform that works on the DeFi system. Many market projects are planning to transition from BEP-20-based smart contracts to different blockchain-based smart contracts. Therefore, this Rocketmoon model is planning to grow the TRON (TRX) blockchain ecosystem and the BEP-20.
xSuite:The final stage of the project gives token holders a platform to stake their ROCKETMOON tokens for an APR (annual percentage rate) and improves the liquidity on both blockchains once xBridge is launched. This benefits the projects on blockchains, along with stakers and liquidity providers.
History of RocketMoon
The maximum total supply of RocketMoon is 1,000,000,000,000,000 RMOON coins. The currency's presale period was from April 13, 2021, to April 14, 2021.