Fueled by intelligent exchanges and farm offerings, meme lovers may have found a new gem in Elon’s new hyper-deflationary pup.
What is Baby Moon Floki:
Baby Moon Floki is a hyper-deflationary token with a smart exchange system built into the ecosystem. The protocol automatically sends rewards directly to users’ wallets.
Unlike many meme projects, Baby Moon Floki’s goal is to become a decentralized meme project with a real purpose.
The project decided to build on top of BNB Chain and take advantage of cheap gas rates, fast transaction speeds, and a huge ecosystem – all of which are required for a meme project to be successful.
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Meme lovers to find new hype
The concept of meme coins has undeniably become one of the most talked about investment opportunities in the crypto space thanks to the historic gains meme leaders like Doge and Shiba Inu have posted over the past 18 months.
These notable price swings are a fair reminder of the potential profitability of these animal-themed coins, and give Baby Moon Floki a chance to position itself in the hearts of meme lovers looking for the next hype.
Meme coins are not usually judged by the utility provided to users, but by the ability of a massive community to rally around them. In other words, virality is the most important factor driving the success of meme coins.
Although the driving factor has become widely known, investors have still found a way to make meme coins part of their portfolio. Meme coins, in particular, take up a significant portion of the total market cap and are becoming harder and harder to ignore.
A fair way to think about meme coins is to think of them as lottery tickets, since it’s not uncommon to hear about people who have turned insignificant amounts into millions just by holding them.
However, BMFloki brings utility with its intelligent exchanges and farms.
What is BM FlokiSwap:
The BMFlokiSwap is an Automated Market Maker (AMM) that allows users to swap BEP-20 tokens on the BNB chain.
Typically, automated market makers replace order book-based buying and selling with a liquidity pool of two assets priced relative to each other.
The protocol charges a 0.20% trading fee, ⅔ of which is returned to liquidity pools as a reward for liquidity providers.
The distribution of fees is broken down as follows:
- 0.13% returns on liquidity pools as a fee premium for liquidity providers.
- 0.07% is sent to BMFloki Rocket Fuel Tank.
To use the exchange, you need a BNB Chain compatible wallet, some BEP-20 tokens to trade with, and some BNB to cover trading fees. Start here with BMFlokiSwap.
BMFLOKI farms
On BMFlokiSwap, users can swap Liquidity Pool (LP) tokens to earn FLOKI or other tokens on the farms. You get these LP tokens by adding tokens to provide liquidity through the Liquidity Pool (LP).
The APY varies per farm depending on factors such as the value of the LP tokens, the reward multiplier and the price of the token received.
Audit check
To promote credibility and increase community trust through transparency, Baby Moon Floki released a winning audit report from TechRate, a smart contract audit firm focused on DeFi projects on Ethereum and BNB Chain.
BMFLOKI Tokenomics
The native token, Baby Moon Floki – $FLOKI, is hyper-deflationary, with an AutoBoost mechanism. The protocol is designed for variable buybacks, adjusted according to volume to ensure stability. AutoBoost varies based on 24-hour transactions and continues to change based on volume.
The AutoBoost buys back variable amounts on every $FLOKI token sale – a feature the team says is superior to a standard buyback system.
Token Details
- Name: Baby Moon Floki
- Symbol: $FLOKI
- Decimal: 9
- Total supply: 100,000,000,000,000,000
- Combustion: 30,000,000,000,000,000
- Total fee: 12%
- Buyback/Liquidity Pool: 6%
- Floki Rewards: 2%
- Marketing & Development: 4%
Baby Moon Floki recently announced that it has burned 30 trillion tokens worth $284,000 in a bid to steadily decrease the supply of tokens.
How to buy Baby Moon Floki
Baby Moon Floki ($FLOKI) can be purchased from PancakeSwap, Hotbit, Bitmart, and Fegex. The project recommends setting a slippage of 10-15% when using PancakeSwap.
The meme token is currently on over 18,000 watchlists on CoinMarketCap.
Contract address (BEP20): 0x54e87ed5a096f09d9665fd114002bddfc2084a7f
How the FLOKI reward system works
For each active user’s transaction, a 2% FLOKI reward will be distributed among all FLOKI holders. All users have to do is buy the native token and hold it in their wallets for rewards.
Tesla giveaway
Baby Moon Floki plans to do a Tesla giveaway when the project reaches 100,000 token holders.
Next steps for Baby Moon Floki
Currently in phase 3 of the roadmap, BMFloki has some interesting plans including BMFloki NFT and Influencer Onboarding. The next phase will include more CEX listings, solid partnerships, a Tesla giveaway and a new roadmap. This phase aims to take the project from its current 41,000+ to its target 100,000+ owners.
To learn more about Baby Moon Floki, visit the website here. Follow the project on all social channels to stay up to date on future developments:
Twitter | Telegram Chat | telegram announcement
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