MoonDeFi; An In-depth Dive into the “What” and “How”.
For a proper understanding of this article, a very important keyword needs to be clearly explained, most simply and easily possible;- According to Wikipedia “Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes blockchains, the most common being Ethereum.” In other words, what this means that it is a financial platform free from control; It eliminates all the necessary middlemen and intermediaries in the traditional fintech exchange/transactions and utilizes the amazing features and potentials of blockchain technology to get the work done. The name of this decentralized financial platform, in particular, is MoonDeFi.
About MoonDeFi
Previously, for financial exchange (swap) to take place on the blockchain, there has to be an outlined demand from either the buyer or the seller. MoonDeFi as a protocol based on the Ethereum blockchain eliminates the above-mentioned demand scenario and makes it possible for the platform users to swap ERC20 tokens for Ethereum or any other cryptocurrencies it supports. There is a large reserve of tokens called the Liquidity pool, users can also contribute to these pools and earn rewards. It is from these pools that users can swap tokens without there been an actual demand from another user.
Still, the most interesting thing here is that all these actions are not been controlled by any individual or company, it has been programmed to work on its own, and achieves this precision centered work by an equation that automatically caters for the precise need at the precise time;- be it to set and balance the value of the cryptocurrency to be swapped depending on how much demand there is, OR to allocate reward to users who contribute to the Liquidity Pool.
Some Benefits Of MoonDeFi
• Anybody can create a new exchange pair in a new liquidity pool for any token, at any time. It's easier than creating an email account.
• Liquidity providers receive a fee of 0.3% on all trades proportional to their share of the pool. This is judiciously carried out without error by the MoonDeFi equation.
• Has a very low fee structure. This is impressive as all these amazing features come at the lowest cost possible.
• No external interference, No KYC. Seamless and glitch-free. MoonDeFi has learned from the successes and errors of other DeFi platforms to come up with an ultimate platform that is free from any sort of interference, be it physical or technical.
• There is a staking system where you can earn Annual percentage yields of 30%-45%; This is another way the platform just keeps enriching you. You have the option of staking to earn.
Native Token
This decentralized platform has a native token which has its functions and benefits, it is called Moon. Only 210 million Moon tokens would ever be made. Conclusively, Knowing the plethora of benefits that abound in this project, it would only be wise of me to advise you to consider investing in MoonDeFi by buying some Moon Tokens, Many if you can afford it. It's a sure investment that is bound to reel in great returns.
For more information please visit any of the useful links below;
Website; http://moondefi.org/
Twitter; https://twitter.com/moondefi_info
Telegram Group; https://t.me/moondefiofficialgroup
Telegram Channel; https://t.me/moondefiofficial
Medium; https://medium.com/@moondefigroup
Reddit; https://www.reddit.com/user/moondefi
Writer's Forum Name; Panther07
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