I just want to preface this post with the fact that this is a lot more risky of a play than Dogecoin or other coins in the top 50 on CoinMarketCap.
If you have noticed BNB is holding up decent and so are things like SafeMoon and CAKE. People are rushing onto the Binance Smart Chain to chase yield.
I ended up doing $500 through the Trust Wallet and another $5,000 through MetaMask.
Basically it is like SafeMoon where it is 10% in and 10% out as far as fees but some of it you get rained on with new coins and once a week you get a dividend of BNB.
This makes this contract interesting because with SafeMoon you would have to sell out and take the penalty and then convert. This incentivizes people holding longer with a liquid distribution.
The bad thing is there is a lot of slippage on entry and exit and you are going to lose 20% total between entry and exit.
Again this is a risky degenerate play but I doubled up on SafeMoon but if I would have rode it out it would have been 20X
Here is a good video by CryptoSlo
hahaha awesome!! I just bought a bunch of MoonRat too. Not nearly that much, only a few hundred bucks worth. I got in SafeMoon super early.
Awesome! I guess there is a bug with the BNB pool portion so we just have to HODL until the devs come out with their update on it.
Indeed! I heard about that too.
If Moonrat gets down to 1 I'm going to throw another bag at it to really have fat stacks when everything gets fixed. Hopefully it is a smooth transition to V2 and we are able to really push it then. Right now it is hard to really promote it like we normally would.
Posted Using LeoFinance Beta
Yeah hopefully the transition will be smooth.
Price of moonrat looks pretty affordable like safemoon and freecoin. Are there forms on pancakeswap for moonrat farming?
It isn't a full blown DeFi farm. Mainly the contract is just to buy it and earn additional MoonRat and earn BNB as well.
https://docs.moonrat.finance/innovation/earn-bnb
So just holding moonrat gets you some bnb? 🤔
Yeah but I would sit back and watch the project for a big because the devs have to fix a bug in the code right now and are going to come out with an update.