Place/Date: - November 22nd, 2021 at 3:44 pm UTC · 2 min read
Contact: StakeMoon, Source: StakeMoon
StakeMoon, a new and innovative digital cryptocurrency project, launches on the PancakeSwap decentralized exchange (DEX) today, following a successful pre-sale, raising more than $500,000. 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 $14 billion in funds. PancakeSwap offers unique benefits to make for an excellent trading experience, including extremely low transaction fees and rapid confirmation times for quick and safe trading.
The global cryptocurrency trading arena is now a multi-trillion-dollar industry. While this gives the digital asset arena a firm stamp of approval from an opportunistic perspective – the key problem is that many involved in this space are nothing more than market speculators. A direct result of this is that speculative day trading causes enhanced market volatility and wild pricing swings. In turn, this can demotivate new and inexperienced investors from entering the blockchain asset industry for the first time.
Scott Ryder, CEO of StakeMoon, shared:
“The team at StakeMoon are strong adversaries of short-term cryptocurrency speculators. Instead, it is argued that the ideal token holder is someone that believes in the long-term vision of the respective cryptocurrency project, which is why we reward our token holders.”
With the StakeMoon 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.
StakeMoon is a Binance Smart Chain-based autonomous staking and liquidity creating technology, launching new and innovative digital cryptocurrency projects.