MoonMoon (MOONMOON) is a community-driven cryptocurrency primarily designed to pump for the entire meme community. According to the website, MoonMoon is a cute meme token created using internet memes and jokes. The cryptocurrency utilizes the power of memes to increase the visibility of projects. MoonMoon tokens also provide benefits to token holders, much like Dogecoin. Powering MOONMOON is a global, vibrant community of crypto enthusiasts. The Moonie community strives to enhance the token and implement good metrics, taking MOONMOON straight to the moon.
MOONMOON is a BEP-20 token functioning on the Binance Smart Chain (BSC). BEP-20 is a token standard on the Binance Smart Chain and an extension to the Ethereum-based token standard, ERC-20. The token envisions benefiting the community by large. Hence, MOONMOON rewards token holders by using a reflection mechanism. MoonMoon tokens charge 8.40% taxes on every trade on the blockchain. 4.20% of the taxes are put into liquidity pools, and the remaining balance is distributed among token holders as rewards. The token enables users to keep staking MOONMOON and earn valuable token rewards.
To help users trade the MoonMoon tokens fair and quick, the cryptocurrency is exclusively available on Pancakeswap. MoonMoon encourages users to contribute to the liquidity of the decentralized exchange (DEX) or Pancakeswap.
The token features SAFU or “Secure Asset Fund for Users.” Created by Binance, SAFU refers to an emergency insurance fund preserving users' assets stored in liquidity pools. Crypto traders can fund MoonMoon tokens in liquidity pools to earn passive revenues. The token encourages the locking of liquidity pools to try to protect the fund reserve from rug pulls. Rug pull occurs when developers abandon a crypto project and leave with all the pooled funds.
In 2021, MoonMoon aimed to launch a community DAO (Decentralized Autonomous Organization). It also wishes to introduce an NFT platform to upgrade the tradability of the MoonMoon coin.
