Following a successful pre-sale launch raising over $500,000, StakeMoon, a new and innovative digital cryptocurrency project, announced today its launch on the PancakeSwap decentralized exchange (DEX). StakeMoon listing on the PancakeSwap has created a marketplace for buyers and sellers to transact, ultimately enabling market forces to dictate the value of StakeMoon.
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. Users trading on the platform automatically draw liquidity from one or more liquidity pools. Those pools are filled with other users’ funds, which they deposit into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees. This DEX will enable users to buy, sell, and trade hundreds of decentralized finance (DeFi) currencies without third-party involvement.
“PancakeSwap was the obvious choice for StakeMoon’s initial exchange listing,” shared Scott Ryder, CEO of StakeMoon. “We are excited to be in the next phase of our road map and successfully launching on PancakeSwap. We trust in the hassle-free interface of PancakeSwap, which is designed to accommodate features such as Swapping, Staking, and Bridging assets.”
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.
In an effort to reward long-term holders, StakeMoon tokenomics include a taxation policy that penalizes market speculators, resulting in regular dividend payments for existing token holders and flexible staking rewards. The StakeMoon tokens are also 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/