Moon Finance is an algorithmic stable coin protocol pegged 1:1 to FTM on FantomOpera. Much like Basis Cash our protocol uses three tokens (MOON, MSHARE, MBOND) to incentivize a stable 1:1 peg to FTM.
The protocol's underlying mechanism dynamically adjusts MOON's supply, pushing its price up or down relative to the price FTM. This should be $1 however there may be times where FTM loses its peg and if our protocol is functioning as intended will follow FTM to keep pegged 1:1 to it.
Our development team is made up of tomb fork lovers. Moon Finance aims to be a long-term and stable money printer based on the success or failure experience from the investor's point of view.We have seen various tombfork projects so far.
There are three clear issues:
1.Under peg due to developer token sale
2.Lack of community building
3.Insufficient communication between developers and holders
Moon Finance will develop clear solutions to solve the above problems. Please look forward to future information dissemination for specific details.
