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The world of deflationary tokens continues to grow, with many projects launching in the past few months. There are over 10,000 cryptocurrencies on the market currently, which could mean more and more deflationary tokens may come in the near future. These tokens gain popularity fast because they promise a token that ever rises in value.
Most of these tokens promise rewards to users even without putting any effort. Most of the investors' gains will come from the eternal supply reductions of the coins. The idea seems quite good, but the problem is in some cases, investors lost money to deflationary token scams.
A new platform, Freemoon Finance, is launching to provide a more reliable deflationary token for users. According to their website, the intention is to solve the issues that other deflationary tokens have been unable to.
FREEMOON Token
Freemoon is a deflationary token network that leverages the powers of liquidity pools and redistribution mechanisms to provide rewards to users. The token combines with a smart contract based on Ethereum and BSC to offer a unique class of services.
Freemoon advertises itself as a 1000x coin. Thus it plans to provide increased profits for users. Freemoon Finance charges a 10% tax for every transaction using the network. 5% of the transaction value helps in the capitalization of FREEMOON by sending it to holders.
The last 5% is autonomously added in a liquidity pool where it stays frozen for four years. Frozen liquidity assures investors of stable token value and income by reducing the volatility risks. Thus, after every transaction in the Freemoon network, the liquidity pool grows in value.
The Multichain Platform
Freemoon Finance uses two blockchains to provide its services. The FREEMOON token takes the form of both ERC-20 and BEP-20Binance smart-chain. But, why multichain?
Most deflationary tokens fail because they limit their operations in one network. Since Freemoon Finance wants to be revolutionary, they will reach both of the top smart chains.
Furthermore, networks basing their services in the Ethereum chain alone have been complaining of the increased gases. The gas problems come due to a lack of scale and speed of transactions in the network.
However, the BSC is the most viable alternative for Ethereum. It offers a similar class of services with lower gas and more speed. By using both networks, Freemoon finance will bring balance in gases, speed, and scale.
By buying the token, you can trade with the available bots and transfer them in multiple blockchains.
The Audit and KYC
The Freemoon Finance network underwent a recent smart-contract audit to protect investors. Solidity Finance, the project auditors, released their report on the 22nd of September, noting that there are no external threats.
Auditors also proposed that the owner lock liquidity as soon as possible. According to the report, a large sum of control in the system is under the project team. As such, they advised the average investor to research the team before investing.
KYC has always been a critical factor in Defi. It involves analyzing the persons connected to the project to ensure that the team has no ties with money laundering. As such, the investors and the platform won't run the risk of money laundering. Freemon also underwent a KYC scan to help reduce the risks.
Most deflationary projects are always scams and not sustainable. But, the presence of audit and KYC and their transparency with the report showing that they are here for the long term.
Benefits and Features of Freemoon Finance
The Freemoon smart contract and token have vast benefits for users. One of the main benefits is growth in the value of coins due to its deflationary nature. However, there are other services and features that only network users will benefit from. They include;
Freemoon Swap
In this network, every investor is capable of developing their unique SWAP. The network itself provides a Swap where you can exchange between the two popular smart chains. The most primary coin in the Swap is the Freemoon coin. They set a policy of buyback and burn to maintain the coin's reliability using 20% of system profits.
4 Year Frozen Liquidity Pool
This network provides a Frozen liquidity pool. Frozen LP means that it's not possible to withdraw anyhow. As long as there are enough funds in the pool, the token will always have protection against volatility and price jumps.
Freemoon Dex
Freemoon will create a decentralized exchange platform for the efficiency of services. You will be able to develop your own Dex trading with the pairs available in the network.
Freemoon AI Bot
The Freemoon network will also be developing a trading AI which will help streamline services. The trading bot uses some unique algorithms that help reduce the risks involved in trading. The network will include a wide collection of coins to help investors in diversification.
Final Word
The write-up has been reviewing the Freemoon Finance project and its deflationary token option. The FREEMOON token, which uses both BSC and Ethereum chains, will reach as many people as possible. It underwent an audit and KYC program to help protect the platform and investors.
The token has various benefits, including the Freemoon Swap, 4-year frozen liquidity pool, a Dex option, and trading bots. Combining the above tools with a deflationary token will bring assurance of value and profits. As the project continues to unfold, investors need to do thorough team research before investing.
For further updates, visit their social pages;
- https://twitter.com/FREEMOONCOIN/
- Telegram: https://t.me/freemoon_finance
- Discord: https://discord.com/channels/@me/869495602470330368
- Instagram: https://www.instagram.com/freemoon.finance/
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site.
