AMA Recap 404 Daily Crypto with MoonToSun
Hello 404 Daily Crypto Community
On 30th April 2021, MoonToSun conducted an AMA in the 404 Daily Crypto. Our guest is MoonToSun Team.
Lots of questions as usual from the Community about MoonToSun progress. The MoonToSun team took part in a very interesting AMA session which included Project introduction, Questions from Twitter and a live AMA session with the 404 Daily Crypto community. If you missed the AMA in person, read this recap for a deeper insight into MoonToSun.
Let’s take a look at the most interesting points of our conversation.
📍Session 1 » Project Introduction
Can you introduce yourself and your team please? We want get to know you and your team. What you did before crypto, and how you got into crypto?
MoonToSun: For sure ! We are a multicultural team of 10 people, knowing each other from crypto communities for months, coming from Western Europe mainly.
What we did before crypto (and still actually) we are all working on specific areas (marketing/communication, web development, developers, project managers), as crypto first was a hobby getting more and more importance in our lives, as our conversations and finally, friendship and co-workers for Moon To Sun ;)
We all got into crypto by different ways: friends, opinions, curiosity… and lived bull & bear run with as you know, amazing and breathtaking changes ;)
Can you briefly describe what is MoonToSun? We would like to know more about it and how it works.
MoonToSun: Sure ! MoonToSun is in its very early stage of development.
There have been hypes on RFI-likes projects, yields-farming PCS forks recently on BSC, which makes making a token easy, but making a real one with safety and use case is easier said than done.
To sum up, MoonToSun is, in its starting aspect, an RFI fork on which we added NFT features incoming and starting the yield farming part.
In fact, we want to quit the Pump and dump and.. die model these RFI forks will 99% of time follow by reducing sell pressure and adding… you got it, buy pressure. Nothing new under the sun until there, but after this first step of combining what’s actually existing to create a unique proposition we will be incrementally adding new features I will detail later ;)
How was the idea to create this project born? It is very interesting. What do you want to achieve? What are your expectations?
MoonToSun: The idea was born regarding the hype of RFI-likes projects some of us liked to experiment, but knowing these are short-term projects (for some, not even projects), just purely speculation-based. We came up with the idea of mixing RFI and yield farming with some features to make it last, and not fall in price.
Our goal and our expectations are pretty simple. We want to provide something:
• Safe (regarding the last known exploits on BSC, safety is the first rule to provide)
• Fun (As we said, crypto was first a hobby for us and we want to keep that spirit)
• With equilibrium. We are not seeking to provide degen APY but rather provide a long and steady growth of MTS, by adding on a regular basis partnerships, use case and not the classic « Stake X earn X » dumping model.
• Working with our community. We know our competences and creativity, but this is also your token. We want to hear from the community what you want, your ideas to try to implement them as our devs are really magicians (That’s not their real job to be magician but I think they would have a good career)
How has the experience and background of your team been effective in the success of your project so far?
MoonToSun: We have very different competences/skills. We all learn from each other from day to day, which is amazing.
We have also a graphist who has nice ideas and creativity (as you can see on the 10000 stickers he liked to produce on our telegram), community members who became mods (special mention to Duy, thank your for your work), solidity developers ( A senior and a junior one ), marketing/communication specialist, social media account, and project manager (very important one to bring us back to the project when we start talking about girls and others).
The greatest success, we think, come as we develop MTS the way we see how crypto evolves: a Mix between existing features and progressively developing new, unseen ones.
Can you give an overview of $MTS Token tokenomics? Will the design of the token rise and fall with the success of the platform,does it include any scarce paths,such as equity, storage or burning?
MoonToSun: Sure — The tokenomics is quite easy in its first aspects:
4% of each transaction goes to holders, and 4% provides liquidity. So it is frictionless yield — having MTS in your wallet just makes you earn more MTS, no staking needed.
There is no burn actually and a max supply of 25M. We burnt 66% of initial tokens as we saw that having too much supply (75M) was putting us in the « moon coins » category, what we didn’t want to, as we have, are and will provide something different. We didn’t want people to buy it hoping for instant hype moonshot and dump.
Could you please provide some progress on your Roadmap and what results MoonToSun has achieved so far ? And any sneak peek into 2021 plans for MoonToSun?
MoonToSun: Sure — We actually are not late on our roadmap and even have some time left regarding the deadlines we fixed.
We manager to reach soon an agreement with an other partner for NFTs ( we had a first agreement with a potential partner but it seemed they were not a really serious team. We prefered having a stop at partnership before launching to avoid having non-serious people related to us).
We are working in the right way for a partner in yield farming. As said before, to make MTS sustainable, we want it to be the main asset to earn by single staking (so at that point, earning by frictionless yield + staking, so double the rewards) the tokens of our partner (and future partners).
We are working also on exponential farming (with receipt) but in a different way of what you actually know.. that is our actual hidden work — we don’t want to release news unless we are sure it can be safe.
And we don’t want to announce exactly what it will be, create a hype and than dump if this does not succeed. As we are walking in uncharted territory, we can’t be sure all te required tests will be passed until we try ;)
What is the plan MoonToSun to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year?
MoonToSun: As mentionned, we have 4% of transactions going into liquidity. We also added liquidity with our own funds at first, before the fair launch. On top of that, the yield farming we will work on with our partner will participate to add more liquidity (by having stake MTS -> Earn partner token and stake BNB-partner token earn MTS).
In case this is not enough, we have to study several possibilities together with the feedback of the community to ensure a smooth flow. We would like further too see if we can work with yield ag like beefy and autofarm on BSC, in order to provide more liquidity (and visibility). But first things first — respect our initial roadmap ;)
📍Session 2 » Question from Twitter
— Question from Twitter @yoriLipB
Mostly people only care about price at short-term and they don’t think about long-term so What is benefits and motivation to keep $MTS in long-term?
MoonToSun: I fully agree. Most of the people buy, cross the fingers for a x2-x3 and sell. But as the growth doesn’t follow the pump and dump model, like cake (easy example even if we don’t compare to them at all, we are just starting), a continuous release of features and partnerships make the buying pressure stronger that the sellers.
That’s what we want to achieve in order to keep a long and steady pump. We think our community already understands it, as for now the price follows already a very different path regarding RFI forks. And we just launched the early differentiating features, but the people already understand it.
To sum up, there are 2 things: The differentiation in the use case, and the communication. 2 Things we believe, make great projects, and our main points of focus.
I hope you share the same values as we do (and, obviously, safety and fun first ;) )
— Question from Twitter @ETaguebou
Is MoonToSun a local project or a global project? Is there a plan to create local communities in various languages to let them understand MoonToSun in a better way?
MoonToSun: It is a global project (we already have secondary country-based channels as the community keeps growing).
We have strong community members who created local channels to speak in their native language, we really are proud that it goes that way as it lets some space for the team to focus on results and deliverables.
— Question from Twitter @BENSTOCk23
How many wallets that can support your platform until now?also do you have any plan to build own wallet?
MoonToSun: For now we are developing the platform — with multi wallets for BSC (Metamask & Trustwallet which are the most commun ones to start on BSC, and expanding). The ETA depends on our partnership agreement with our yield farming partner in order to farm their token by staking MTS, and farm MTS by staking their token in LP with BNB.
It’s actually not in the roadmap to build our own wallet. That would be a different work, really, but if the community wants it.. we can try ;) I prefer to be 100% honest and say try as this was not on our roadmap but as we said, we want to listen to the community needs and to implement the features she wants.
— Question from Twitter @VNur7238
We’re concerned about 2 things — Marketing and Rugpull. What are your marketing plans? How can you guarantee us no rug-pull?
MoonToSun: For rug pull, you can check everything we put on our tg with the contracts, the lp, ownership renounced. For now rug pull is impossible. And after staking, which could make it possible, we will BEFORE putting it live to people having it audited to let ppl be sure we are trustworthy. Do not hesitate if you have a single question, our devs can respond directly on the chat (don’t be afraid if the junior answers, every piece of work is double checked by the Senior ;) )
For now you don’t really see it as we are working on our platform “behind the scenes” but if you have questions after it’s important to be 100% sure to understand where you put your investment in (not only in MTS but in every project)
About marketing, first we are are for our first AMA (thank you again (@ALAMSP). We first plan to do some AMA like this one to present MTS to people, gather feedback and work. We also have a budget for Twitter crypto influencers, but in our plans, we want them also to introduce themselves to community. To have doubles ways marketing, create win-win operations :)
— Question from Twitter @ashes204bd
Speaking of their native token “MoonToSun” they mention that it belongs to the BSC-BEP20 ecosystem. Why have u decided to base ur token on BSC-BEP20 & not on Ethereum or Polkadot? What are the advantages of the BEP20 ? Are the rates minimal?
MoonToSun: The low fees of BSC and growing number of people coming in, together with our knowledge of BSC (we are all the team mainly BSC maxi ;) ) made BEP-20 a better choice regarding our skills, audience and possibilities of partnership. Plus, the fees are really low (thanks CZ for lowering them again some weeks ago)
📍 Session 3 » Community Questions (Live AMA)
— Telegram User @Winner10o
Everyone knows, if you want to go fast, go alone, but if you want to go far, you go with your partners, so with Your Project which partners will promote and help Your Project reach and achieve the project’s goals?
MoonToSun: Totally. This is why we want to manager our partnership first, to have joint-marketing together right after. This will cut the marketing costs by half meaning we can do twice what we would have done without them. The same is true for the future partnerships we want to do, in order to create a real ecosystem.
— Telegram User @FortWilliam
While you build your project, do you take into account community feedbacks and demands?
MoonToSun: Exactly ! This is, as mentioned in the first questions, one of our priorities. We have also incorporated a community member as mod (as he is not directly in the project he shares the same interests as the people investing in and is the best to gather feedback from cummunity to deliver to us. So we can implement and move on ;)
— Telegram User @gayel4
What do you think about the blom of the NFT & DeFi association that is cousing so much interest in the world? How does your project take advantage of and exploits this reality?
MoonToSun: NFTs will be part of our main focus (for our second partner in NFT as detailed) as it can give added value also to yield farming (having NFTs boosting your farm by a % amount
— Telegram User @patan_99
You mention that you will provide 2% instant rewards, will that be for all $ holders? Or will it only be the ones with a stake? If so, how much is the minimum allowed to stake $?
MoonToSun: 4% in fact, for all people (including staking) — without minimun amount to stake ;) And by staking, added to that 4%, you will earn our partner’s token
— Telegram User @qunsh12
What is the structure of this project , is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?
MoonToSun: For now we work remotely and want to have it open source.
— Telegram User @EmergencyCall1
What is the competitive advantage your project has that you feel most confident about?
MoonToSun: The multiple reward from farming (Frictionless + Staking) + the receipt staking making a 25M max supply token without more selling pressure, allowing to earn other tokens a great potentiel in our ecosystem
Thank you for answering questions from our community. Before the end of the AMA, maybe you want to say something to our community?
MoonToSun: Sure ! Do not hesitate if you have any more questions to come in the channel and ask them, there are many unanswered questions and we would be glad everyone to know what they would invest in. We would be glad to have you all onbaord !
For more information and future AMA, join our Social Media channels:
📍 More information on MoonToSun:
❇️ Website: http://www.moontosun.net
❇️ Twitter: https://twitter.com/moontosun_bsc
❇️ Telegram: https://t.me/MoonToSunBSC
❇️ Reddit: https://www.reddit.com/r/CryptoMoonShots
❇️ Medium: https://moontosun.medium.com