MoonWay is a DeFi token that utilizes a democratized voting system to allow holders to vote on development decisions with the project.
MoonWay executed a stealth launch on November 12, 2021, with one quadrillion MoonWay tokens created at genesis. 40% of the total supply was burned at the launch, with the remaining 52.5% committed to liquidity. With each transaction, a 10% tax is applied; 5% of this is paid to holders while the remaining 5% is sent to the locked liquidity pool. At the time of this listing, there are currently 516,314,907,207,876 in circulation.
The founder of MoonWay is unknown. The developer who created the token renounced ownership and exited their position shortly after launch. At this time, a small telegram group of 30 members had formed, everyone agreed the coin had extremely strong potential and decided to keep the project alive.
After thoroughly vetting the contract to verify that the developer could not execute a rug pull or honeypot function, the admins began an organic marketing campaign that grew the group from 30 members to 900 at the time of this listing. The market cap increased along with this, from $20,520 to $20,000,000 within just two weeks of the project launching. The coin quickly received international attention, with a significant percentage of total stakeholders coming from Japan.
The idea was to build the community and give it complete power over the direction of the project. Therefore, the admin team democratized the process by instituting a community vote over major project development decisions. The admin team announced a community-driven vote to determine the direction of the token through the release of our roadmap. They presented the community with three options that would work within the limitations of a renounced contract project: a game, casino, or charity. The community had an overwhelmingly positive response.
We are undergoing a Certik audit. We expect to have the results in the next few days - further boosting our community appeal and ensuring the safety of investing in Moonway.
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