The Binance Smart Chain (BSC) ecosystem is in the midst of record expansion. This growth is being fueled by a combination of factors. For one, Ethereum, the world's top DeFi blockchain, has reached a point where it’s no longer able to scale to meet the demands of its users. The network's congestion has pushed Gas prices to record highs.

These fees are what’s used to fund the execution of transactions and smart contracts. Sadly, the structure of Ethereum is designed to increase these fees when congestion on the network rises. The reason the network does this is to make it very expensive for spam to get on the blockchain.

In theory, the concept sounds great, Gas prices go up and that pushes only the top smart contracts. However, the reality is much different. No one could've predicted the recent expansion of the DeFi and NFT communities. As such, Ethereum wasn't ready to handle this level of smart contract interactions.

The result of this technical misstep is that regular users can’t afford to conduct transactions at this time. Additionally, Dapp developers are stuck in between a rock and a hard place because their Ethereum protocols are so expensive to execute in these scenarios.

BSC to the Rescue

The BSC is an alternative and biggest competitor to Ethereum at this time. This fourth-generation blockchain was designed to compliment and run in parallel with the original Binance Chain. Notably, the BSC is far more advanced than both Ethereum and Binance Chain.

This fourth-generation blockchain was built to handle all the top DeFi functions and remain scalable to the masses. BSC users can stake their tokens, yield farm issues and trade NFTs, and much more. The network's structure is many times faster than Ethereum and provides developers with cheaper Gas fees and more options.

The only problem with BSC at this time is that because it’s new, it doesn’t have the same level of high liquidity found on Ethereum. This lack of liquidity can mean that BSC projects take longer to gain traction and it can be harder to find solid trades. Luckily, there is one firm that believes they have developed a way to solve the liquidity issue facing new projects, Moon Token.

Moon Token – A New Type of Token

The concept behind Moon Token is simple yet effective. Take a small percentage of every transaction fee and send it to the project’s liquidity pool. Specifically, 8% of every fee gets added to the liquidity pool automatically. What makes this redistribution method different is that these funds remain locked forever in the pool.

This approach enables Moon Token to benefit twofold from every user. When the network expands, users see a demand in MOON's value. Additionally, the total liquidity locked in the project also rises which helps to build investors’ confidence. Additionally, regular users can participate in the Liquidity Pool and earn passive rewards for their efforts.

Rewards for Holding

If you hold MOON, you are entitled to your share of the network's transaction fees. The developers have set the protocol to take 2% of the fees and redistribute them to LP participants. This strategy incentivizes users to hold MOON and helps to create higher ROIs for all users.

MOON Value Strategy

To ensure that MOON's demand stays high, the protocol integrates the token into all aspects of the network. You receive all your rewards in MOON. You also pay fees with this versatile token. Keenly, the team has introduced some deflationary controls to better maintain the token's value in times of market downturn.

This deflationary mechanism burns a certain amount of MOON based on the market conditions. The community can also vote on burning tokens via proposals. MOON holders control the direction of the platform as the network is community-driven via its voting mechanism. All you need to do is hold MOON to gain access to these rights.

Voters can alter the fees, tokens, and other technical aspects of the network. Since the entire community can vote on these issues, Moon Token will go in the direction users desire. They can make vital changes to liquidity pool interest rates as well using this system.

Security First

Of course, it doesn’t matter how many rewards you earn if the network isn’t safe to begin with. Moon Token's developers have sought out to create a fully secure DeFi experience for users. As such, the network has been audited by Tech Rate. The company found that Moon Token's protocol is free of any coding errors that could potentially cause headaches in the future.

To be extra sure, the developers have already scheduled another third-party audit with Certik Contract Audit for later this year. Conducting multiple third-party audits demonstrates the level of commitment the developers have to their user’s safety. Notably, the team plans to continually conduct third-party audits as new features unveil in the coming months.

Non-Custodial

Another feature about Moon Token that can keep your crypto safe is its non-custodial design. Non-custodial platforms allow you to participate in services such as staking and liquidity mining without removing your tokens from the protection of your wallet.

In the early days of crypto, large custodial centralized exchanges ran the show. However, they quickly became prime targets for hackers and other scammers looking to get into their large community wallets. Non-custodial platforms eliminate this attack vector because they never hold their user’s funds directly.

Blast off with Moon Token

Moon Token intends to launch a mobile Dapp on iPhone and Android in the coming months. These apps are set to coincide with multiple centralized exchange listings and the launch of an exclusive NFT marketplace. When you examine the combination of features that the team has set out, it's easy to see why Moon Token is worth taking a deeper look at.