MoonRat: An earnBNB and Anti-Whale Protocol

MoonRat introduces a new kind of reflect reward project that seeks to reward holders in BNB coins against the platform tokens. What better way to earn Binance Coin (BNB) without doing anything extra other than holding MoonRat $MRAT tokens in your wallet.

By
Wilfred Victor
on
April 25, 2021
Category:
BSC News


What is MoonRat?

MoonRat is the first project on the Binance Smart Chain (BSC) network that rewards holders of BNB coin in a frictionless manner. Holders do not have to stake the coin or do anything extra other than hold and claim their BNB weekly or depending on their cycle.

MoonRat is a community-driven, fair-launched DeFi project built on BSC. It focuses on bringing an innovative mechanism to the BSC ecosystem: Earn $BNB just by holding $MRAT token. The project has unique features that make it a complete community-driven project, e.g., the Antiwhale, and is already set for a Certik audit.


Key Features

  • BNB Passive Earnings
  • Anti-whale
  • Zero Balance Punishment
  • NFT
  • Gaming


Project Components

The project features are quite innovative, created to help maintain the project against the influence of whales, achieve a 100% community-driven platform, and reward users in BNB coin.

BNB Passive Earnings

To earn BNB on the platform is as simple as holding your tokens in your wallet. Simply connect your wallet to the platform website and start earning BNB rewards.

BNB Reflect reward date

According to the details of its Whitepaper, 4% of every transaction is taken and redistributed to $MRAT holders in BNB. Holders will have to wait for approximately a one-week duration before collecting. If you continue to add more than 2% of your $$MRAT balance in this waiting duration, the waiting duration will proportionally add up with the cycle. 

For example, on the first day of your cycle, you add up more than 5% $$MRAT. You have to wait: 5%*7days = 8.4 hours more. That means you can collect BNB after seven days and 8.4 hours.

But if the threshHoldTopUpRate >= 100%, the waiting duration will add up to 7 days.

For example, on the first day of your cycle, you add up more than 100% $MRAT. You have to wait: 7 days more. That means you can collect BNB after 14 days. This will prevent cheaters who try to add more $MRAT at the end of each cycle. 

However, when you sell, it doesn’t affect your cycle. If you collect more than 2 BNB, 20% will be used to buy back $MRAT tokens at market price and burned. This helps keep the price and the tokens stable for the long term.

FAQ about BNB reward

Kindly Note: You can collect the amount of the BNB based on the ratio of $$MRAT you hold/the total BNB pool. So when the total BNB in the reward pool changes, your collectible BNB changes as well.

Antiwhale

Sell/buy and transfer orders of more than 0.05% of the total supply will be rejected. This is implemented to protect the holders and help keep the project tokens from the hands of whales, notorious for dumping tokens for their profit.

Whales who make a transfer (between 2 wallets) larger than 0.05% of the total supply will be charged for 2 BNB. These 2 BNB go straight to the BNB reward pool.

Zero Balance Punishment

When you sell all your $MRAT, and you buy back again. Your next collectible cycle will be extended to 50yrs, done to discourage the complete sale of the tokens by holders.

Zero Balance Punishment

To evade this extension, you will have to create a new wallet to connect to the platform for your rewards. Remember you will be charged 10% for transferring your token, so it’s best advised to buy with a new wallet.

Two of the other project features, including NFTs and Gaming, are yet to be deployed. The team is looking at delivering NFT with the Art-come-later model. Further details about the NFT are found HERE and the Gaming HERE.

MoonRat V2


Project Updates

Due to the recent exploitation of the BNB reward pool, a V2 version is coming soon. This will come with a swap ratio of 1:1 to the new $MRAT tokens. You don’t have to do much but continue holding your tokens. The team is doing its best to protect the BNB reward pool.

MoonRat Insight Contest

The MoonRat Insight Contest is live. The aim is such that the community helps each other and gets rewarded while at it. The details of the contest and how the winners are going to be awarded are included HERE.

MoonRat Meme Contest

MoonRat’s Twitter meme contest is also live. The rules are simple;

  • The event ends at 7:00 am UTC 29 April 
  • A Twitter account with a single entry. 
  • Don’t copy other’s memes.
  • Meme winner with the most like+RT will win 
  • We will DM winners to collect wallet addresses.

Further details are available on the Tweet.


Tokenomics

Total Supply: 1 Quadrillion $$MRAT

  • 80% for the fair launch. 80% of token to LP on Pancakeswap
  • 5% for airdrop
  • 15% for the foundation: Team only gets 4% and 1% for marketing. The rest 10% of the foundation is burned.
  • TechRate audits platform code
  • Burn address HERE.
Project Tokenomics

The project is a fair launch for the community built on the BSC network. Three functions occur during each trade: Reflection, LP Acquisition, & Burn.


RoadMap

Q3 - PARTNERSHIP

  • Partnership with listing sites: CoinMarketCap, CoinGecko, Blockfolio, and exchanges like BitMart

Q4 - MARKETING

  • More marketing to promote the project.

NFT LAUNCHING

  • NFT launching. NFT will be delivered with the Arts-come-later model.

BETTING GAME

  • Betting Game launching. You can earn real money by predicting the future price of crypto assets like BTC, ETH, and BNB (more cryptocurrencies come later).

Q1 and Q3 of the project have been achieved. The platform V2  migration is the next prominent feature, and like most BSC-based projects, Gaming and NFTs are scheduled for the future.


In Conclusion

MoonRat offers an innovative, unique and passive and BNB reward mechanism. These faetuers are the core aspect and attraction of the MoonRat ecosystem. When the V2 platform goes live, it aims to add a ton of innovation to the platform.

In a bid to protect the reward system, and users’ funds, the team tested the system to check for any apparent vulnerability. 

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.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

To learn more about MoonRat should check out the following resources and media pages:

Website

Twitter 

Telegram

Medium

Tags:
No items found.
Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

Text Link

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.