CryptoFury Community x Moonpot
⏰ Time: Sep 10th , 9:00 AM UTC
💰 Giveaway : 400$
💎 Place : https://t.me/CryptoFuryCMs
Earn interest, win big crypto prizes — and always keep your deposit.
Question for Part 1- Project overview :
Question 1: Could you please introduce yourself and Moonpot?
Moon Cow: Well I am Moon Cow, I’m the Head of Communications at Beefy Finance
Beefy is a Multichain Yield Optimizer with around $900M TVL. And I’ve been part of the team for several months. Before that I worked at one of the largest exchanges, as well as another stint at a big BTC mining Pool. At Beefy I helped launch Moonpot, and that’s what I am here today to talk about.
Moonpot is a win-win savings game on Binance Smart Chain powered by Beefy Finance.
You deposit crypto into one of our Moonpots and you automatically gain interest on your assets each day. You are also entered into a weekly prize draw at the same time. Everyone in each pot is in with a chance of winning big-money Moonpot prizes paid out in crypto.
Put simply, your deposit is your ticket for the prize draw. But even if you don’t win you can always get your crypto back with added interest.
So far we have a CAKE Pot that lets people stake CAKE to earn CAKE and the chance to win a weekly prize. As well as a BANANA savings game, and shortly one for the BIFI, the token of Beefy Finance. In total we have given away more than $2.2M in the first seven weeks.
Last week there was the first Ziggys Pot draw with a prize value of $750,000
Question 2: Burning of tokens is the Best Thing for Controlling The Price Of The Token And reducing the supply. So, Do you have any plan of burning tokens?
Moon Cow: First of all we do not have burning, because our tokenomics is slightly different. We support the price with buybacks from revenue.
I will explain our tokenomics a little bit more
Moonpot has its own token called $POTS, which acts as both a governance token and a revenue-sharing mechanism. There is a maximum supply of 10,000,000 $POTS to be circulated. By holding $POTS and staking it in our governance pot you will receive a proportional amount of the platform’s revenue.
These rewards are also in $POTS that come from open-market purchases, creating buying pressure on the token. You will also be part of the Ziggy’s Pot’s monthly prize draw.
That means that the more savings games we add (so far CAKE and BANANA, but many more coming soon) to Moonpot, the more revenue will go to POTS stakers, and the bigger the prize will be for the exclusive monthly prize for POTS stakers.
Question 3: Are there any benefit by holding your token, for example any reward or incentives? Are there any benefit by holding your token, for example any reward or incentives?
Moon Cow: There are big incentives for staking POTS. You can currently earn 130% APY for staking POTS on play.moonpot.com and the chance to win a monthly prize exclusively for POTS stakers. The first prize draw was on Wednesday 1 September and the prize is worth more than $750,000 to be split between 10 winners.
You earn more POTS by staking it, but you can also earn by providing liquidity with POTS-BNB and POTS-BUSD via Beefy.Finance. And currently you can earn POTS on PancakeSwap and ApeSwap by staking CAKE or BANANA.
There’s a fixed supply of 10,000,000 POTS tokens, but there is no limit to how many of them you can earn and win.
The new prize draw is already adding up, its $150,000 so far but will keep growing until the draw in 19 days
Question for Part 2: Pre-selected questions from our community :
Question 1: How is Moonpot in terms of financing to continue the development of the product and establish new partnerships for years to come?
Moon Cow: Smart crowd at CryptoFury I think…
Our biggest marketing success comes from the public partnerships we have had with Trust Wallet, PancakeSwap, SafePal and many other blue-chip projects in the BSC ecosystem.
Moonpot crossed many milestones since release. We are already the 4th biggest DeFi Dapp (by unique users) on Binance Smart Chain, even though we are a few weeks old.
Our success has come from the innovation of Moonpot. There are no other win-win prize games either in DeFi or traditional finance. To be able to earn more of what you stake, and get the chance to win big is unique.
In terms of funding we have a very strong treausury
We had a fair launch IDO and created a lot of the liquidity ourselves
We are also around 10x up from the IDO, which means everything in our treasury is worth 10x of what we launched with.
We will continue to announce more partnerships and attract users to our platform from the communities that we work with. We’ve already teased partnerships with Coin98 and Paçoca and we will shortly be announcing more about working with Toko Crypto. You can expect to see more partnerships, AMAs and giveaways in the near future.
Question 2: What is your plan for global expansion? At present, which market does Moonpot focus on, or is it focused on building and growing to gain customers, users and partners?
Moon Cow: We are definitely a global project
Or we would not be here at the AMA with your community
We have already translated our app in Chinese, and are targetting more languages. In our Discord there are many language channels and hopefully in the near future that wil be the same for the app itself
The chance to win big, and earn interest is unique and that has attracted users from all around the world.
Question 3: How secure is Moonpot? How has Moonpot developed technology and security to build Moonpot into a truly secure and reliable platform?
Moon Cow: OK, I have quite a long answer for this, as it is a very serious topic
Nothing is entirely risk-free. Every decision you take in life carries some element of risk. Even if it’s something as mundane as crossing the street or taking a shower. Accidents happen. So it would be dishonest of us to say there is absolutely zero risk using Moonpot. But what we can say is that Moonpot believes safety is more important than anything else.
Our mission is to help you grow your assets, not lose them. And so Moonpot puts security above all. Assets are deposited in special Certik-audited pots created by the trusted and proven team at Beefy Finance — one of the most reputable projects in the BSC ecosystem. We avoid risky DeFi products and accept lower yields in favor of the security that comes from working with proven blue-chip DeFi savings plans. You always earn interest and no deductions are taken from your stake for being part of the regularly held prize game.
The only risks we can think of are: (1) if there is a bug or exploit in Moonpot’s smart contracts that can be taken advantage of, or (2) if one of the DeFi products we’re using to earn interest for the platform has a problem or fundamental failure. We’ve worked hard to reduce these risks by (1a) having our code extensively audited by Certik — a third-party auditing service that specializes in smart contracts, and delivers the most advanced security audits in the crypto industry, (1b) creating a bug bounty with Immunefi and (2) being very cautious about which partners and products we work with to earn interest. Currently that’s limited to just PancakeSwap — literally the number-one-rated project on Certik’s safety leaderboard, and now ApeSwap.
That’s a long answer. But we want to give you as much information as possible to be able to make your own risk assessment. As ultimately it’s your money and decision.
Question 4: I am a crypto investor and I only care about prospect of a crypto that I choose, tell me the reason why I should choose your token over any existing one? What is your token advantage that can convince me to change from my favorite token?
Moon Cow: We hope that POTS will become your favorite token soon
We think Moonpot is an excellent starting place for DeFi. It’s making savings fun, and it gives people the chance to win big, without spending any money. We plan to be one of the household names of DeFi, and bring more and more people into the space.
Moonpot is very easy to explain to friends, and is a good gateway into crypto for people who might find DeFi confusing or scarey. When we introduce stable coin Pots it will be even easier to show people the benefit of Moonpot, and that will create even more word of mouth growth.
So you have the chance to hold a piece of something new, exciting and unique
That you can easily explain to your friends and help grow together
And soon it will be their favorites too.
Question 5: Partnership is like a supplement where the combined effect is beyond the individual level. Can you name some of your recent partnerships that can help your project ? Is there any partnership that will take place in the near future ? Can you tell us with whom ?
Moon Cow: Yes, Moonpot is really built on partnerships
Our big partner when we launched was SafePal
Its a very popular BSC wallet and that helped us grow so quickly
Ater that we have worked with Trust Wallet, ApeSwap, Onto Wallet, Yield Watch and many others
In the near future we will be working closely with Coin98 and Toko Crypto
Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community
Question 1: How the lottery draw works? There are tickets but how can we see the ticket numbers and the tickets that get drawn? Are there plans to better show when somebody is winning a pot?
Moon Cow: The lottery is randomly drawn using Chainlinks Verifiably Random Function
That means Moonpot team is not able to influence who wins the lottery
You can check all of the entrants and winners on the blockchain
And after every draw you can visit the Winners page to see who won
You can see all the old draws there, and see that some really small players have won from time to time
The win-win lottery on Binance Smart Chain, where every ticket earns you interest.
here is the winners page
Question 2: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Moon Cow: Here is the tokenomics
Moonpot has its own token called $POTS, which acts as both a governance token and a revenue-sharing mechanism. There is a maximum supply of 10,000,000 $POTS to be circulated. By holding $POTS and staking it in our governance pot you will receive a proportional amount of the platform’s revenue. These rewards are also in $POTS that come from open-market purchases, creating buying pressure on the token.
10% went to the team and is vested over 21 months, the last month the team will get some tokens is in 2023!
Question 3: The Moonpot team is currently using BSC SMART CHAIN for low fees, but I am wondering if there are plans to support a wider variety of networks?
Moon Cow: Like Beefy Finance, the team who created Moonpot, we like to talk with our actions rather than our words. That means we will be releasing new products without trying to hype up the crowd before hand. You can expect many more Pots this year, plus new ways to stake such as stable coins and LP pairs.
Our plan is to become one of the biggest names in DeFi, and we are well on our way to that as we’re already in the top 4 projects on Binance Smart Chain.
But Beefy is built on many chains
Currently 6, with more to come
And Moonpot is built on top of Beefy…
So maybe you can guess where Moonpot is headed
Question 4: As you might be already knowing Trust is an important aspect in the success of any Project Crypto or Non-Crypto. As the voice of newbies in crypto field , I would like to echo the thought of every new investor: How can we trust the Project?
Moon Cow: I think the best way to know if you can trust someone, or a project is to look at their past behavior
With Moonpot that is easy because we come from Beefy
one of the most trusted platforms in all of DeFi
Beefy is a year old, and has a perfect track record of putting their users first and doing what is good for investors
Moonpot has the same values and the same high standards
So if you trust Beefy, you can Trust Moonpot
Question 5: What is the main difference between you and your competitors? What makes you the better service compared to other similar address start ups?
Moon Cow: What makes us different is that we are truely win-win
This is not like the PancakeSwap lottery where you buy a ticket and lose your money if your numbers dont come up with Moonpot your deposit is yours to keep, whether you get lucky or not
And at the same time you earn really high interest on your deposits
Thats why we have grown so quickly and will continue to grow
If you want to be part of it just stake your CAKE or your other assets at play.moonpot.com
All details about GeFi could be found below
🛢 Website: http://moonpot.com/
🛢 Twitter: https://twitter.com/moonpotdotcom
🛢 Telegram Chat: https://t.me/moonpotdotcom
🛢 Telegram Channel: https://t.me/moonpotdotcom_alpha