What is Stakemoon (SMOON) ?
Stakemoon (SMOON) is a decentralized platform that promotes an overarching visionary – to reward long-term token holders. The STAKEMOON team argues that this goal can be achieved through two fundamental routes. First, all transactions attract a taxation rate of 15%. In a nutshell, this is to demotivate 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 (SMOON) Second, the team at are proponents of the long-term benefits of staking. Put simply, those that allocate their tokens to the STAKEMOON protocol will, in turn, receive rewards. This is because the tokens in question are utilized for the purpose of confirming block chain transactions and thus fees subsequently paid by the sender are distributed fairly to those taking part in the staking program.
Stakemoon (SMOON) Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Stakemoon |
| Short Name | SMOON |
| Max Supply | 879,614,007 |
| Total Supply | 1,000,000,000 |
| 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 |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
STAKEMOON Taxation Policy Demotivates Market Speculators
Stakemoon (SMOON) 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.
Stakemoon (SMOON) More specifically, a sizable percentage of the cryptocurrency trading sector is dominated by day traders that have no interest or affiliation with any of the digital tokens that they trade. On the contrary, their main objective is to enter a trade and subsequently close the position within a matter of days, hours, or even minutes.
15% Taxation on All Transactions
Stakemoon (SMOON) The project has implemented a 15% taxation policy on all STAKEMOON token transactions. The reason for this is simple – those looking to speculate on the STAKEMOON token through a day trading system will not find this works well in the long run.
After all, day traders will typically enter and exit trades that remain in place for hours as opposed to weeks, months, or years. More specifically, day traders aim to make modest but frequent profits – so the aforementioned 15% taxation policy will ensure that this is not financially viable when trading STAKEMOON in the open marketplace.
5% Liquidity Addition on All Taxation Proceeds
Stakemoon (SMOON) Make no mistake about it – liquidity is a fundamental requirement when a digital currency trades in the open marketplace. Without sufficient levels of liquidity, buyers will struggle to find sellers – and vice versa. This results in an inefficient marketplace, unfavorable spreads, and ultimately – enhanced volatility.
1-Year Liquidity Lock-Up
Stakemoon (SMOON) An additional benefit of the STAKEMOON liquidity pool is that all newly added digital tokens are locked up for a 1-year period. This is backed by an autonomous smart contract that is publicly viewable as soon as the funds arrive in the liquidity pool.
Stakemoon (SMOON) This means that no person or entity can withdraw the tokens held by the 1-year smart contract – subsequently ensuring that STAKEMOON functions in an efficient marketplace in the long run. As this whitepaper covers in more detail shortly – 50% of all pre-sale STAKEMOON purchases that are completed OTC (Over-the-Counter) will contribute to the liquidity pool. This will also be on a 1-year lock-up period through a transparent smart contract.
Automatic Liquidity Pools
Stakemoon (SMOON) One of the most notable benefits that the decentralized finance industry has brought to the cryptocurrency markets is Automatic Liquidity Pools. For those unaware of this term, Automatic Liquidity Pools allow market participants to trade digital tokens without a third party. Before explaining how this is beneficial for the STAKEMOON ecosystem – let us look at an example of how a cryptocurrency trade typically works in practice when going through a centralized platform.
- Let us suppose that you are currently holding MAKER but wish to swap the tokens for STAKEMOON.
- Under normal market conditions, you would first be required to deposit your MAKER tokens into a centralized exchange.
- Then, you would need to find the relevant market on the exchange – in this case, that would be MAKER/STAKEMOON.
- However, centralized exchanges are unlikely to offer a direct market on the likes of MAKER and STAKEMOON.
- As such, you would first need to sell your MAKER tokens for a large-cap cryptocurrency like Bitcoin. Then, you’d need to use your Bitcoin to buy STAKEMOON.
- Finally, you would then need to withdraw your STAKEMOON tokens to your desired private wallet.