MoonX

MoonX’s goal is to outperform the leading stock exchanges and the crypto exchanges across the globe and develop its own decentralized crypto exchange. This goal may be achieved with the designed model of rewarding for high transaction volumes. It may stimulate high trading volumes in short term but in fact is artificial and does not have fundamental grounds for such a leadership. The main obstacles of decentralized exchanges are low TPS and volumes. MoonX promises to provide users with high TPS but does not disclose details and exact numbers. As it was said above, the competition is tough both on centralized and decentralized fields, moreover, centralized exchanges announced recently to launch decentralized ones that will be closely connected to the “parent” exchanges. The example is Binance.

Technical specifications are not available. Prototype is not available yet. Roadmap is not detailed and includes not relevant information.

MoonX enables every token holder to make decision based on smart contracts that will be developed. The team claims, that issuing a smart contract to each registered holder limiting them to one vote could lay the groundwork to provide a reliable and virtually flawless decision-making voting system. We see that token in the model is not designed to efficiency, but rather to achieve strategic goals.

MoonX claims that it raised 27M USD during the first tranche of private investments. These early investors are offered 30% bonus with 1-year lockup unfreezing 25% every 3 months. This tranche represents 15% of all taking supply, given 20% of token supply for tokensale. It results in 37-39M USD Hardcap and total valuation of 185-195M USD that both are overvalued on the current market. Investors in this tranche include NEO, BCH, DHVC, Bitmain, Fission Capital, NGC, L99, Node Capital, Coin One and others. 30% of tokens are reserved for mining, 20% for the team (with 2-years lock up), 20% for currency fund and 10% for marketing and operations. ICO listing will not be a source of income for MoonX as the listing is free. This is likely to result in the large list of unattractive tokens that are ignored by other exchanges.

Team needs to KYC to change rating. Also, the project on its own isn't original (which is fine), but most of what it says are motherhood statements with no particular disruptive change. It is one of many projects with similar visions.