Is exchange listing a good strategy?
Exchange’s wallet is also a holder. So exchange sites can collect a huge BNB reward amount. They will pay Collect BNB Tax if their earning is larger than 2 BNB.
But the BNB reward pool decreases dramatically.
They don’t pay for the 10% transaction tax because they have the internal trading system (off-chain).
They will likely take a large amount of BNB to do nothing to help the development.
Estimate exchange listing fee is also costly as well:
- WhiteBit ~$60k
- Gate.io ~ $61k ~ 1 BTC
- Bithumb — $55k ~ 0.9 BTC
- Billaxy — Below $35k Cheapest in the list
Understand these concerns, we immediately created this poll and let the community vote and decide for the next step!
We want to build a community-driven project. So we always listen to our community members (aka RAT GANG). We value and appreciate your support!
Defi, DEX, and MoonRat will be the future 🚀
Based of the poll’s result, many members also have to same opinion with us. We will not use capital from Foundation Wallet for exchange listing anymore.
Together, we will raise awareness that Defi, DEX, and MoonRat will be the future.
The vision: MoonRat is a #defi product helping you users earn BNB passively. It is user-friendly even for crypto newcomers and is traded on DEXs (Decentralized exchange like Pancakeswap)
To achieve this vision, we need more resources for marketing and building community than exchange listing.
So here are the updates for MoonRat tokenomics so that we can achieve the vision
Note: We will consider listing to top exchanges later!
🔥 Foundation Wallet => Burn Wallet (10%)
As we said in this article, the exchange listing is the most costly spending. So when we cut it out of the list, we do not need the foundation wallet’s capital anymore.
We will burn it all, 1% every month from May, 2021.
📰 Airdrop Wallet => Marketing Wallet (3.57%)
As we said above, to raise awareness about DEX and MoonRat, we need more capital for marketing.
We already hosted 5 airdrop events with a total reward of 1.43% $MRAT. So the left 3.57% $MRAT of Airdrop Wallet is now becoming Marketing Wallet!
👩🏻💻 Marketing Wallet => Foundation Wallet (1%)
We did not raise any capital or pre-sale. We’re a self-funded team.
So, we will collect the BNB reward from this wallet as raising capital for development cost: dev salary, future employees and development cost like server, software fee.
💻 Team Wallet (4%)
We commit to hold $MRAT for at least 6 months. After 6 months, devs can cash out a maximum of 5 % of $MRAT in their wallet (equals 0.05% of $MRAT supply) each month.
Devs can also collect their BNB. This is a motivation for us to develop a long-term project.
We also excluded the dev wallets from the 1 day cycle bonus in the first week. (Devs have to wait 1 week to collect BNB)
Base on the poll’s result, we will buyback $MRAT and burn them all next week. Stay tuned!
Our team understands the current security concerns of the Binance Smart Chain ecosystem and the crypto world as well.
There are many scam projects which take investor’s money and do nothing.
That’s why we run multiples testnet and the fairest launch.
That’s why we decided to be fully committed to being transparent about all of our work with our community.
Hope you can understand our vision.
Together we can build the future!