On June 17th 2021, our community had a chance to welcome Simba – CEO and Founder of Moonkat to join in an AMA to give fruitful information about the key features and roadmap of MoonKat – a community driven project built on Binance Smart Chain. Earn $BNB by holding $MKAT !
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the Simba directly greeted the community and provided detailed information on MoonKat as well as some key products and future plans.
Time: 08:00 PM (UTC + 7) on Sunday, June 20th, 2021
Airdrop 200 USDT for the best questions in the AMA.
Below are some main points of this AMA:
Question for Part 1- Project overview
Question 1: Could you please give us a simple introduction of Moonkat? What’s the motivation for starting build Moonkat?
Simba: MoonKat is a community driven DeFi project built on Binance Smart Chain. Moonkat works on an autonomous frictionless yield generation and liquidity generation protocol that rewards token holders in $BNB. Simply hold $MKAT tokens in your wallet and you will earn $BNB rewards weekly.
We were motivated with the passion to build a yield generation platform that’s easy to use by everyone, not just crypto enthusiast and highly Secured
Question 2: Please share with us the achievements and milestones of Moonkat sofar.
Simba: We recently concluded our IDO, which partnered with OXBULL to make it a great success, we ve been able to grow a large Community of 17k members so far and we still working on securing more partnerships in the near future
Question 3: Please give us more information about Moonkat events and breaking news in the near future.
Simba: We will be listing on coinmarketcap and coingecko shortly and we do intend to release our DApp beta in the next few days and we also looking forward to our NFt Generator coming in 3rd quarter
Questions for Part 2 – Pre-collected questions from Twitter:
Question 1: On your website you mention that MoonKat brings a more disruptive approach to the BSC ecosystem, but what key changes does this project bring to BSC that others do not offer, and can you tell us about its advantages and how these will position the project? @Jaki73364096
Simba: In comparison to other frictionless tokens, we don’t have an RFI to prevent whales from accumulating too much token by holding. If they want to own $MKAT, they need to buy it.
2)We believe, we can provide a much better user experience through our DApp and make it easy to use for main stream adoption.
We also have our NFT Generator coming in Q3: 20% of the earning will be added to the reward pool while 30% will be used for buy-backs that will be burned.
3) we have been able to reduce our tax to just 6% since we have other revenue models alligned in the coming days
Question 2: Moonkat offers a service to earn BNB passively, so I wonder, what are the benefits of rewarding your holders with BNB and not with your native $MKAT token? How is this good for the sustainability of your project and are there other possible uses for the token?@HONGphc50627894
Simba: We chose to reward token holders in BNB and not our native tokens to reduce Inflation in Defi, which is what most Defi platforms do, increasing token holders incentive by increasing their token circulating supply and leads to inflation in the long run
Question 3: The #MKAT team has made it clear that they are by no means a meme token. However,the Project is likely to be misunderstood. Although it is very clear from the white paper,what are the main points that make Team’s MoonKat project unique and distinguish it from other meme projects? @deminfur
Simba: We have an utility which allows people to earn passive BNB Rewards and we also have our upcoming NFT generator.
Question 4: Investing in a project has certain risks, especially investing in the cryptocurrencies market. Can you tell me the risks involved when investing in MoonKat? Please give us advice on this matter. @HuynhSterling
Simba: Cryptocurrency is highly volatile as regards to price fluctuations, so its always important to invest wisely in any project , MoonKat is not an exception,
Question 5: I see you mentioned MOONKAT NFTS, enables all kitty lovers to mint unique NFTS for their pets, print and wear on their cats and traded on the platform. I’m excited to hear you tell us more about this project’s plans. When will it actually be released? @Adam_Johnson_5
Simba: It will be released in Q3, it promises to be a game changer, although we can’t release much information till the platform is ready
PART 3: 5 LIVE QUESTION AT TELEGRAM GROUP CRYPTO FAMILY
Question 1: -Among the milestones” you have planned for according, to your roadmap is the Listing top CEX can you tell, us about it??”,
-Is Binance at the top of this list?
-This would give a big boost to the project.” @jmkja07
Simba: We plan on listing on CEX exchanges I’m future, but we do plan to develop our community first , so it doesn’t result into a pump and dump when it gets to big Exchanges
Question 2: Is your platform suitable for Crypto beginners? Or does it only appeal to professional users? @MOhameD21a
Simba: This is one of the main problems we are trying to solve, most defi platforms are complex to use and hence lack mainstream appeal, our UI as seen on our demo would be easy to use by anyone who can use a mobile device or PC
Question 3: What is your advantage over other projects? Is it from a security point of view or the technology you are using? Or are there other advantages? What makes you believe that your project is worth choosing? @shigaharukiii
Simba: We don’t have a stake and earn model or central account where funds are pulled, this makes it safe and secure and an adventure over most defi platforms.
Question 4: NFT is the current trend, does your project have any intentions related to NFT? @whis167
Simba: We are one of the early beleivers of NFT and we do have something coming up in Q3 as stated before
Question 5: Do You have a informative material so they can understand You business model? do you plan to pass your product onto the normal – especially non-crypto people? @ICO_KIm
Simba: All information can be found on our website MoonKat.net
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
Telegram Announcements: https://t.me/moonkat_finance
Telegram Community: https://t.me/moonkatfinance
Medium : https://medium.com/@moonkatfinance