Bestmoon is a deflationary BEP 20 protocol, which provides an LP Acquisition algorithm, Static Rewards Buy Transaction Limiter based on initial Total Supply, and Manual Burn.
During DeFi’s rapid evolution, plenty of cryptocurrency prospectors have fallen into the jaws of high APY LP farming pitfall, being in dire straits as they are expelled by earlier buyers with higher staking rewards. Because of this reason, most tokens fall victim to the inexorable valuation bubble, which always ends up in the price crashing down and holders being hurt and frustrated. This is where Static Rewards (reflection) come in with the solution — it’s a great concept that aims to get rid of the problems attributed to farming rewards:
Concepts like Staking, Liquidity Mining and Yield Farming, while being wonderful by design, have one crucial drawback impermanent loss. Let’s assume a situation when the value of the token changes significantly even though you still receive the farming rewards, their value will be inferior to what you would receive by just holding the tokens in your wallet. The only way to completely avoid IL is to stop farming altogether.
We solve these problems with our Bestmoon protocol — holding the tokens will have a much larger chance of bringing profit than farming or staking ever would
Our Smart Contract collects a 12% fee on every transaction (both buys/sells) The ratio is as follows
- 6% is proportionally distributed to all holders, no farming needed. The amount of tokens in your wallet will grow with every transaction, making it a forever deflationary token.
• 6% is added to the Liquidity pool and instantly burned, which increases the price stability over time, and makes the price floor higher, thus enhancing the token’s usability and protecting your investment.
Reflection allows the Bestmoon protocol to resolve a whole bunch of problems:
The mechanism of Static Rewards encourages people to hold on to their tokens instead of selling them, because the percentage of their return will be dependent on how big part of the Total Supply they are holding The amount of rewards received increases over time the longer an investor holds the tokens for.
Secondly, this algorithm seeks to alleviate the downward pressure on token sales caused by prior users selling their tokens after earning insanely high APYs. Holders are also rewarded for the growing price and transaction volume of Bestmoon, leading to higher transaction fees, and rewards for distribution
This algorithm encourages the community to hold on to their tokens for longer and actively participate in the project, which significantly increases Bestmoons’ chances of success.
TOTAL SUPPLY: 1,000,000,000,000,000
DEVS’ WALLET: 30,000,000,000,000
LIQUIDITY BURNED: 500,000,000,000,000