StakeMoon Coin Now Available on PancakeSwap
The developing team behind StakeMoon is announcing the incorporation of this Binance Smart Chain (BSC) token into the popular decentralized exchange (DEX) PancakeSwap starting on 19 November 2021.
This has been yet another accomplishment of the team following the successful pre-sale of $500,000 worth of StakeMoon and the goal of this listing is to increase the token’s liquidity while making it available for investors from all across the world.
Moving forward, the price of StakeMoon will be determined by supply and demand dynamics and the team expects to keep launching more features soon including the possibility of staking StakeMoon.
In regards to the listing, StakeMoon’s CEO, Scott Ryder, stated: “PancakeSwap was the obvious choice for StakeMoon’s initial exchange listing”.
He added: “We are excited to be in the next phase of our road map and successfully launching on PancakeSwap. We trust in the hassle-free interface of PancakeSwap, which is designed to accommodate features such as Swapping, Staking, and Bridging assets.”
From now on, the token will trade under the ticker symbol SMOON on PancakeSwap and users will be able to rely on this DEX’s market-making capabilities to find buyers and sellers at all times.
According to the project’s roadmap, the next step for StakeMoon would be to list the token on Bitmart – a milestone that is expected to be completed during the first quarter of 2022.
After that, by the end of the third quarter of next year, the developing team expects to launch the project’s proprietary staking platform.
This platform aims to support over 100 different tokens and its goal is to be the go-to place for individuals who would like to stake their coins without hassles.
To learn more and purchase StakeMoon tokens now, visit https://stakecoins.com/
StakeMoon is an innovative cryptocurrency project that encourages long-term investing by penalizing short-term trading activities via a 15% tax on day trading and other similar activities.
The project distributes the proceeds obtained from these penalties to HODLers and uses the remaining funds to further strengthen StakeMoon’s liquidity pool.
On 19 November, StakeMoon completed a successful pre-sale in which $500,000 were raised to keep developing more features including staking and bridging. The community that supports the StakeMoon project is comprised of 20,000 Telegram members and 400 stakeholders while the project currently has a market cap of $1.1 million.