What Is Moon Juice (MOJO)?
They’ve tried to maintain as much fairness as possible for Moon Juice. Hopefully that has been clear through the Initial Discord Offering, having a small initial supply, being open with information, and all of your other efforts to keep everyone on a level playing field.But nothing comes free. Building a solid protocol is hard work, and it requires capital. Audits, development, legal, all of these things need some amount of money to get done. Beyond that, it requires alignment so that contributors feel personally incentivized to give it their all.
Moon Juice is fully controlled by a smart contract. It is designed so that nobody has a central authority except for the staking contract. Therefore, the total supply is unlimited and only the contract has the authority to mint tokens. Every 65 days the earning rate will be reduced by 66%. This will eventually have a deflationary effect on the circulating supply of $DINOEGG. When users swap $DINOEGG with Egg NFT in the Love Shack, the $DINOEGG will be burned in the process further limiting the $DINOEGG circulating supply.
Moon Juice Storage Key Points
|Coin Name||Moon Juice|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How it works
The private sale was not for NRK. Moon Juice cannot pre-mine and sell the actual NRK token. If they did, they would need to take $1 per NRK sold in addition to the actual raise to make sure the tokens are backed. This would be really inefficient and capital intensive. So, how did they do it?Through a sale of pNRK. pNRK is a precursor derivative of NRK; it gives the holder the option to mint NRK by burning pNRK and providing the intrinsic value of NRK. For example, an investor would provide 1 DAI and 1 pNRK to mint 1 NRK.
This makes it similar to an option. Moon Juice is worth the price of NRK minus intrinsic value, and it only makes sense to redeem it when NRK is above intrinsic value. This ensures that your incentives are aligned to keep the premium alive. But it doesn’t stop there. pNRK is also vested based on supply. As NRK supply grows, more pNRK become available to redeem. So they don’t get an upfront payoff or an arbitrary date at which tokens have vested.
They need supply to grow too. They believe this creates the most optimal incentive alignment you could ask for. Tokens vest along with supply, and are only redeemed when trade with a positive extrinsic value. They the team, investors and advisors, don’t only want supply to increase, or price to go up, want both.
Team, investor, and advisor pNRK cumulatively vest as 11.8% of NRK supply. This means that at 1m NRK supply, a maximum of 118k pNRK can be redeemed. At 10m NRK supply, it’s 1.18m pNRK. pNRK holders finish vesting anywhere from 2b to 5b supply, so this is a long term bet. There’s a lot of upside for holders, but it is dependent on actual growth of the protocol.
These funds will be used to support the project for as long as possible so can allow the DAO to stockpile funds and start off with a strong footing. But they still dislike that not everyone got the opportunity.So, though they can’t promise anything because they do not control the DAO, eventually like to propose a DAO offering of pNRK. This would give everyone the same opportunity as well as increase the DAO’s capitalization.That decision is reserved entirely to you, the token holder and community member.
If you think this is already too much, they won’t do it. If you believe, like they do, that this creates exceptionally strong incentive alignment that far outweighs the cost, then perhaps we will. But all that is for the future. This is what have already done. If you find this disagreeable or you feel like you’ve been wronged, please, for the love of Zeus, do not participate. They do not want you to feel that way, and the best solution is to not buy the coin. If you do, you’ve signed off through your actions.
Moon Juice are committed to safety & security for your investors and believe this to be a strong positive step for your community. They want to build community trust and confidence in the project leadership & are proud to deliver this next step in the evolution of NoahArk DAO. There is no maximum or minimum amount limit for Presale. You can buy either $100 or $10,000 as you wish. Take note of the bridging cost from Ethereum to Avalanche if you are going to buy a small amount. Initial price of NRK-DAI Liquidity Pool on Trader Joe will be set at 8 DAI.
When Bond sale gets started, dashboard launches with mainnet Treasury data.Swap aNRK for NRK will be opened at 00:00 UTC 24th January, 7 days later after Pre-sale completes. The community may vote to end the project and receive back the initial investment or the treasury can be executed partially, roughly 30-50%. With this mechanism in place, the market price should pump back up to the backing price that is advertised.