Project Insight: MoonLift - Community Driven Passive Income Generator on Binance Smart Chain

Introduction

The experienced team behind MoonLift have the vision to create diversified and innovative financial products that will make profiting from decentralized finance as simple as possible. They lower the barriers to entry and invite new users into the sector. MoonLift is supported by the $MLT token which pays a share of transaction fees to existing token holders, and has been designed with strong deflationary principles.

Key Features

-Deflationary token, with transactions fees paid to existing token holders

-Passive income generation

-Staking, yield farming

MoonLift’s $MLT Token

Much of what makes MoonLift such an intriguing proposition is the project’s tokenomics - which has been compared to SafeMoon. The key point of difference however is that MoonLift has a smaller initial circulation supply. MoonLift is designed to be profitable for token holders, using transaction fees to reward token holders.

With every buy transaction of $MLT MoonLift takes a 5% fee, while every sell transaction incurs a 10% fee. The collected fees are then paid back to $MLT tokenholders.

The fees are paid to token holders in the following ratios:

• 50% goes back to the token holders, and is automatically distributed to their wallets. Users don’t need to do anything, simply hold their tokens.
• 25% is automatically restored into LPs. This is done to create a floor in liquidity on both PancakeSwap and SushiSwap.
• 15% is burned by the team. Burned tokens are gone forever and will never come back into circulation. This creates heavy token deflation.
• 10% will go back to the MoonLift protocol wallet. These tokens will be used for marketing and rewards, although some tokens may also be burned.

Tokenomics

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Name: MoonLift Protocol

Ticker: MLT

Total Supply: 100,000,000,000

Seed Sale: 10,000,000,000 $MLT at $0,00006 (SOLD OUT)

Seed Sale MarketCap: $600,000

MarketCap at launch: $200,000

Token Release Schedule Seed Sale: 25% at launch followed by 25% each month for the next 3 months.

Roadmap

While the project launched with a strong token model and incentives, the MoonLift team will not be resting on their laurels. MoonLift has provided an ambitious roadmap for the year, which includes a MoonLift DEX and NFT marketplace:

Q2 2021

• Launch MoonLift Protocol website
• Minting $MLT tokens and creation of smart contracts
• Audit Smart Contracts, DEX contracts, …
• Launch Seed Sale
• Launch marketing program
• Listing PanCakeSwap and SushiSwap
• Launch of the $MLT LP Staking & Reward Program
• Listing $MLT on CoinMarketCap, Delta, Blockfolio and CoinGecko

Q3 2021

• Release MoonLift DEX on Binance Smart Chain
• Integration Auto Investment Fund on the MoonLift DEX
• Listing $MLT on several Binance Smart Chain DEX providers
• Introduction $MLT based governance token
• AMM Token Release

Q4 2021

• Creation MoonLift NFTs package
• Integration NFT marketplace on MoonLift DEX
• Listing $MLT token on CEX

Conclusion

Although MoonLift is still in its infancy, there are early indicators that this project is well worth a closer inspection. With strong incentives to hold on to the highly deflationary $MLT token, the project is already offering something noteworthy at this stage of its development. The detailed roadmap contains exciting features that are to be rolled out in 2021, MoonLift is one project that BSC users will almost certainly want to learn more about.

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

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For users who wish to learn more about MoonLift, you should check out the following resources and media pages:

‍Website

Twitter

Telegram