MoonKat BNB rewards Explained

NEXT GENERATION DEFI

3% of every transaction is taken and re-distributed to all MoonKat holders in $BNB.

You will have to wait for a specific duration (about 1 week) to collect your BNB reward.

Hey! That easy?

Well…………………… Keep reading

Some Guiding Principles

Top Collectors Tax

Moonkat is a community-driven project and we want to uphold fairness and equality. If you collect more than 1 BNB, 20% of it will be used to buy back $MKAT at the market price and burn them immediately. This feature helps deflate the supply and increase the price of $MKAT for long term holders.

Top-Up rate

In this waiting duration, if you continue to add more than 2% (threshHoldTopUpRate) of your $MKAT balance, the waiting duration will proportionally add up with the cycle.

(If you sell $MKAT, it does not affect your cycle)

For example, on the first day of your cycle, you add up more 5% $MKAT, you have to wait: 5% * 7days (168 hours) = 8,4 hours more. That means you can collect BNB after 7 days and 8,4 hours.

But if the threshHoldTopUpRate >= 100%, the waiting duration will add up max to 7 days.

For example, on the first day of your cycle, you add up more 100% $MKAT, you have to wait: 7 days more. That means you can collect BNB after 14 days.

This will prevent cheaters who try to add more $MKAT at the end of each cycle.

Anti whales

Buys or sells of over 0.05% of the total supply will be rejected. Whales who make a transfer (between 2 wallets) that is larger than 0.05% of the total supply will be charged 2 BNB.

What if I don’t collect BNB reward in my cycle?

If you don’t collect at your cycle and other holders claim, the BNB pool will reduce.

So then the ratio of your $MKAT/BNB pool reduces as well. That’s why you should collect as soon as your cycle is ready.

Also, while staking can be technically challenging, we will provide a dashboard, so any rookie can claim their $BNB easily, and reach the financial projections of each cycle, as well as

other important information such as;

• Maximum transaction amount

• Total liquidity pool

• Total BNB in liquidity pool

• Total BNB in reward pool

• Your MKAT balance

• Your collectable BNB

• Your collectible Date and time (displayed at your time zone)

Till next time, happy mooning 🐈‍

Social media links:
Telegram group: https://t.me/moonkatfinance
Telegram Ann: https://t.me/moonkat_finance
Twitter: https://twitter.com/MoonkatBsc