Mooncakes.Finance: A one of a kind, speculative yield farming protocol that produces passive dividends just for holding
How it works:
Our token MC (Moon Cakes) is a farm token that users will be able to earn by providing liquidity on various pairs through our dashboard. These pairs, like any other farm, will produce yield in the form of MC. In the beginning, yield will be higher, but as time goes on, block rewards will decrease and as pools become diluted by more participants joining, the yield will decrease.
Regular pools:
We will offer a variety of options for our regular pools. As much of the project centers around the actual price of MC, community pools such as BNB/CAKE, BNB/BUSD, etc., will offer substantially less rewards than our native pools.
“Degen” pools:
We will be offering special, speculative pools for those with a taste for danger. These pools will have significantly higher rates on yield, but come with a twist. Users depositing into these pools will be taxed when they leave the pool. This tax will fluctuate based on where the current price is on MC in relation to the price target listed on the dashboard. The farther away the price is from the target, the higher the tax. As the price becomes closer to the target, the tax will decrease. The tax has a maximum of 10%.
These pools will be optional, and only for those who are willing to risk it for the proverbial biscuit.
At time of launch, there will only be one degen pool. This pool will be a MC/BNB pair and will offer the same 10x multiplier as the regular MC/BNB pool, but will offer an additional 1–5x leverage based on the price of MC.
Where does this tax go?
All of the taxes will be collected by one of our smart contracts. This smart contract will collect BNB, and holders of MC will be able to claim portions of this BNB, relative to the amount of MC they hold. With the low fees offered by BSC, users will be able to harvest their BNB from the contract as often as they like.
This allows users to simply hold the token if they wish and in return, earn passive yield generation in the form of BNB.
This will also (we hope) diminish sell pressure on the MC token itself, as users will be faced with a dilemma. Do they sell the token as they farm it? Or accumulate as much as possible to capitalize on the passive yield generated through taxes on the degen pool.
Moononomics:
Presale cap: 75 BNB
Presale price: 88 MC / BNB
Listing price: 50 MC / BNB
Initial mint : 8888 mooncakes
Presale : 6600 mooncakes
Initial liquidity : 1750 mooncakes
Marketing : 200 mooncakes
Development : 338 mooncakes
We will be releasing more information with verified contract addresses, listing times, etc.
Stay tuned!
