StakeMoon wraps up successful pre-sale, raising USD 500,000 and is set to launch on the PancakeSwap decentralized exchange (DEX) today. StakeMoon listing on the PancakeSwap has created a marketplace for buyers and sellers to transact. This DEX will enable users to buy, sell, and trade hundreds of decentralized finance (DeFi) currencies without third-party involvement. The value of StakeMoon will therefore be dictated by market forces.
PancakeSwap has the most users of any decentralized platform, ever created, and those users are now entrusting the platform with over USD 14 billion in funds.
StakeMoon is a Binance Smart Chain-based autonomous staking and liquidity-creating technology. With this token, transactions attract a taxation rate of 15% to discourage day traders and market speculators from buying and selling the StakeMoon token as part of a short-term investment strategy. Of this figure, 10% is distributed to existing token holders, while the remaining 5% is allocated to the StakeMoon liquidity pool. These fundamentals are essential to StakeMoon’s success, but all holders can also stake their tokens. This means that by staking tokens, holders will be able to earn passive income. This is in addition to the previously discussed dividend distribution policy.
According to Scott Ryder, CEO of StakeMoon, “The team at StakeMoon has opted for a flexible staking model. As such, the StakeMoon tokens are not locked into a minimum redemption period. Instead, stakers can withdraw their STAKEMOON at any given time.”
To learn more and purchase StakeMoon tokens for now, visit https://stakecoins.com/
The StakeMoon token is backed by the team behind StakeCoins.com. For those new to this platform, StakeCoins.com strives to be the go-to hub for all things staking. Not only does this include comprehensive guides, tutorials, and up-to-date news and analysis on cryptocurrency staking but reviews of the best PoS coins in the marketplace.