MUNCH

DeFi (Decentralized Finance) is a peer-to-peer decentralized, pseudonymous, and open system that enables financial services. DeFi tokens, such as MUNCH offer decentralised financial applications via blockchains which recreate traditional banking and finance concepts, in a decentralised manner. Automated and trustless systems make third party go-betweens unnecessary. By creating a parallel financial system, DeFi tokens are creating new expectations for transparency with significantly lower costs and faster processing. This allows users to conduct
financial operations, such as earning interest, receiving loans, network staking and derivatives, to insurance, gaming and trading synthetic assets. DeFi tokens enable decentralised applications to run on their network infrastructure.By far the biggest challenge to DeFi’s adoption for financial services is the trust issues caused by a number of bad actors currently operating within the space. MUNCH aims to set the
standard for legitimacy and trust in the industry, and help people recognize the signs of a sustainable DeFi project in the future.
  The first, and most common example of such practices are known as ‘Rug pulls’. Tokens can be launched with a single wallet controlling a large proportion of the circulating supply, or a number of wallets controlled by a coordinated group of people. Once liquidity reaches a certain threshold, this wallet, or group of wallets, sells all their tokens, removing all liquidity and leaves holders without the option to sell their tokens as there is no liquidity remaining. Without locked liquidity, and with a single source holding a high proportion of tokens, these pulls can leave token holders with no recourse.