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StakeMoon launches on the PancakeSwap decentralized exchange (DEX) today. 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.
The StakeMoon listing announcement comes after a successful pre-sale, where the coin raised more than $500,000
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, is an automated market maker (AMM)and its liquidity is contributed by users, known as liquidity providers (LPs), who add equal values of both sides of a liquidity pool to increase the total amount of liquidity available. In return for providing liquidity, LPs receive a share of the transaction fees generated by any pools they contribute. There is a flat 0.25% transaction fee for makers and takers, most of which is shared among the liquidity providers.
Scott Ryder, CEO of StakeMoon, shared:
“PancakeSwap was the obvious choice for StakeMoon’s initial exchange listing. The DEX offers unique benefits to provide an excellent trading experience, including extremely low transaction fees and rapid confirmation times for quick and safe trading.”
StakeMoon is a Binance Smart Chain-based autonomous staking and liquidity-creating technology. To discourage day trading on this coin, the creators implemented a taxation rate of 15% on all transactions. Of this figure, 10% is distributed to existing token holders, while the remaining 5% is allocated to the StakeMoon liquidity pool.
StakeMoon strives to reward long-term holders via a taxation policy that penalizes market speculators, resulting in regular dividend payments for existing token holders and flexible staking rewards. The StakeMoon tokens are not locked into a minimum redemption period. Instead, “stakers” can withdraw their StakeMoon at any given time.
StakeMoon is a Binance Smart Chain-based autonomous staking and liquidity creating technology, launching new and innovative digital cryptocurrency projects.
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