KuCoin Gem HunterZ. $MNWL AMA #2 Recap
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AMA with MoonWilly Founder & CEO Kevin
The MoonWilly project has been growing steadily since its launch. With some huge fans and some brilliant technological and utility additions to the platform, the Team has decided it is now time to begin spreading the word on the future of Decentralized Finance.
The second in a series of AMA’s. Our well-known Crypto Analyst and Influencer, CEO, and Founder Kevin is now spreading the word about the MoonWilly project and how the offering is set to explode across the Crypto space.
Summary
Founder and CEO Kevin opened the floor to the many bullish fans and community members on the Official KuCoin Gem HunterZ Telegram group at 18:00 UTC on the 14th July 2021.
The team has remained relatively secretive so far and Kevin has decided that the time is now to openly discuss some exciting news for the future of the Token and the Project.
It should be clear by now that MoonWilly isn’t your standard Pump and Dump operation. This project is all about Long Term Value generation with minimal risk to Investors.
Pay close attention and read till the end, you do not want to miss out on the inner workings of one of the most exciting Crypto projects out there right now!
Introduction
Kevin is the leading Founder and CEO of the MoonWilly project. He also sits as the founder of cryptopedianetwork.com, As well as the founder of the Cryptopedia Youtube Channel. Actively involved in crypto for 4 years, from as early as 2017.
A self-taught and self-made investor. He started learning about Bitcoin and realized the potential it had, and has not been able to stop ever since. From his early days as a mere investor, Kevin has further grown his empire to new heights.
With a brilliant understanding of both the technology and the economics behind crypto. Well-read and well-learned, Kevin has combined his two keen senses and spearheaded the MoonWilly project. Not only does Kevin love crypto, but he truly believes that it will change the entire world.
The MoonWilly token is the start of the Global Bull Run!
Formal Interview
Host: Thank you for spending your valuable time with us today. Could you please Introduce MoonWilly to our community?
Kevin: MoonWilly is a Certificate Of Deposit on Binance Smart Chain. Holders hold MoonWilly ($MNWL) tokens and Earn passive rewards of DAI stablecoins, every hour. Forever!
This is how it works, essentially, with every transaction, there’s a 15% tax. Which is split up in 4 ways:
- 3% goes to auto-locked liquidity.
- 1% goes to a burn, for every transaction.
- 3% goes to the treasury — for marketing, development, and sustainability
- 8% is given to Holders Passive DAI rewards. DAI is a USD Stablecoin. These DAI rewards come every Hour. Forever. We choose DAI rewards because it is controlled by an automated system of smart contracts, it can’t be taken down. As opposed to the other stablecoins like USDT, USDC, BUSD, etc… These are all centralized. These coins can rug at any time.
MoonWilly has launched on PancakeSwap approximately 72 hrs ago.
It is now sitting at a Marketcap of $164,000.
Total Marketcap: $164,000.
38% of total supply Burned, forever!
330 Million MNWL from the burn wallet, all Burned!
40 million MNWL from team wallet all Burned!
14 million MNWL from transactions Burned!
And most importantly, A Total DAI Rewards paid: $56,340.62!!
We’ve also included an Anti-dump feature. 3% tax on sells. 1% of it is burned. 1% to liquidity, and 1% to the treasury for marketing. And no wallet can sell more than 0.1% of the total supply at one time. This makes it more difficult for whales to operate. Moreover, all the fees tie right back into the ecosystem of MoonWilly. We built it to last. This is a long-term project, we are very excited about it!
Host: What is the Purpose of the MoonWilly token?
Kevin: MoonWilly is a store of value. It pays $MNWL holders in DAI StableCoins every hour. Forever! We want MNWL Holders to make a lot of money! It’s very simple. That’s one of the reasons why we listed it at a very low market cap of $6500. It’s the reason why our dashboard is to be a place where people can track their rewards in real-time, Moreover, it’s one of the many reasons why we are building an ecosystem around MoonWilly. Giving it more use-cases, whilst gradually reaching towards mass adoption.
Host: What are the advantages of MoonWilly to other alternatives in the Blockchain field?
Kevin: Our project is, essentially, a hedge against the volatile market. When there are big sell-offs (for example a 30% drop) our holders benefit by having part of that selloff converted into StableCoins, while the sell-off is happening in real-time. This also holds true when the price goes up. People are always receiving rewards in another currency, different from ours.
If we rewarded MNWL holders with more MoonWilly tokens, then there would be pressure to sell the tokens at any time. Giving them StableCoins, allows them to sell coins different from ours. They can either buy other tokens or buy MoonWilly tokens.
We built a system and a game theory that encourages people to hold. We’re also presenting the very first crypto projects to have a daily podcast across all platforms. Run by our very own podcast director, Steven! I also join Steven every day during live VoiceChats around 1800–2000 UTC in our TG @moonwillyproject.
Come find me there. Anyone can ask me anything at any time. I am always available to update the community about the progress of the MoonWilly project.
Host: How was it created?
Kevin: The most important core concept we used in the framework to build and create MoonWilly is Token Velocity. We studied token velocity and its relation to our tokenomics and game theory. MoonWilly is built around this concept.
Token Velocity was not our idea though. Richard Heart, the founder of HEX, which is now sitting at 4th place on Nomics, with a Marketcap of 60 Billion, talks about token velocity all the time. He says he built HEX around that concept too, it is the key to positive long-term price action. HEX did 2550x in 556 days.
Vitalik Buterin, the co-founder of Ethereum. Sitting with a market cap of 234 Billion discusses the importance of Token Velocity as well. Ethereum did a 66766X in 5 years. And now with Ethereum just about to be upgraded to EIP1559, notice how they added in a Burn feature? Well, It’s one of the recommended strategies, which fosters low Token Velocity. MoonWilly has a Burn feature as well, more specifically, 2% burn for sell. It has only been 72 hrs, 1.4% (14,000,000) of the total supply has already been burned just from that feature for buys and sells. The tokens are disappearing fast.
We studied Vitalik Buterin’s Token Velocity. This is how it works.
MC=TH
Where: M= total money supply (or total number of coins)
C= price of the currency (or 1/P, with P being price level)
T= transaction volume (the economic value of transactions per time)
H= 1/V (the time that a user holds a coin before using it to make a transaction)
Using the Buterin definition, to solve for the token price, one must solve for C:
C=TH/M
Vitalk is great, he has done so much for crypto. We appreciate his dedication, hard work, and all the sacrifices he has made for crypto. This is why MoonWilly burned 330 Million MNWL tokens (33% of total supply) in honor of Vitalik’s name, also following in the footsteps of Shiba Inu!
So what is Token Velocity? Essentially, the formula states that the higher the velocity of money (which means how fast it turns over), the lower the actual value of the money. What makes a currency valuable is when its supply is reduced, and its supply is reduced, when people hold on to it for longer and don’t release it. When people actually spend their money it creates a money multiplier effect which actually increases the credit and supply of the system which devalues the actual money, because they’re happy to use the credit and other proxies, that are proxies of the real thing and then the real thing doesn’t have to rise in value as much.
That’s how we built it, with a lot of research, we took lessons we learned from the best people in the crypto space.
Host: What are the numbers of this Token Burning plan that is set to increase Token value and attract Investors to invest?
Kevin: Our total supply was 1 billion. We burned 330 million on the first day. We also burned all 40 million team tokens. The Burn feature that we have, where 1% is burned on every transaction, and 2% is burned on every sell, has already burned 1.4% of the total supply in 72 hrs. Our plan is working perfectly, the burns will get larger and larger as our project grows. More buys and sells results in more burn.
Host: Brilliant. Now in closing: What is the Presale Price? What kind of funds has the Team already raised? Is there any lock-up period for the early investor?
Kevin: We had a stealth launch! There was no presale, no IDO, no ICO. We choose a stealth launch to protect our tokenomics and the integrity of our project. We didn’t want bots to take 20%-30% of the total supply at launch.
We wanted everyone to have a fair chance at getting tokens at a very low price.
There are no team tokens, no dev tokes, etc… There are marketing tokens that have been locked with vesting, for 3 weeks. Liquidity has also been locked for 6 months. This is a safety measure in the event PancakeSwap is upgraded to V3, MoonWilly will not be stuck on V2 forever. We choose not to raise any money, we funded the whole operation ourselves.
The listing price on PancakeSwap was approx, $0.0000130885.
Select Questions from Open Floor
@Avelous: Hi @kevinattipoe I wanted to ask what are some of your upcoming products regards MoonWilly and your plans to achieve them. I heard there was NFT implementation in the Smart Contract.
Kevin: Thank you @Avelous Yes, we have NFTs already made for MoonWilly. There will be a limited quantity. We are discussing implementation strategies with the team. We are also creating a dashboard where people can track all of their rewards in real-time. We want to make it very easy for the average person to buy MoonWilly.
We are also discussing a secret app as a team (I can’t say much about it as we don’t want other projects to take our idea). Should we opt towards it, we would maintain one of the very first projects to ever implement such a feature in the crypto space.
I can’t give away all the details of our plans, but we will be releasing more information as we go. Please stay tuned to our social media and our daily podcast on all platforms, with Steven and I.
@wameyo: 1. How do you intend to keep the volume up for better $DAI rewards?
2. Do you intend to reduce the minimum required MoonWilly tokens in the future when the price increases?
Kevin: The key to maintaining and increasing the volume is by growing the community and telling the world about MoonWilly. We are heavily focused on marketing, we have a 6-month calendar, which gives a detailed description of how we are going to grow our community.
We are working with over 40 influencers right now. We are also doing daily AMAs with other crypto groups. We are being listed on more crypto platforms as we speak, CMC, CG, Nomics, LiveCoin watch, all the bitcoin forums, possibly more exchanges, partnerships with other crypto communities, buying advertisements on platforms like GoSwap, PooCoin, DexTools, all the voting platforms, we’re getting on 18 of them, we’re on all the social media, etc….. We have A LOT coming.
Our marketing hasn’t really started yet, we are just gearing up to go full speed. This moreover will help maintain volume and grow the project.
@w37xn: Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties?
Kevin: Our Smart Contract was Audited by RD Auditors, it was rated as “very secure”. Zero issues were found. Our Lead dev is highly skilled and excellent at what he does. The audit report can be viewed online at the RD Auditors’ official website.
Bonus Question!
@Milad1768982: 1.How does MoonWilly guarantee to send the correct amount of StableCoin to wallets by HODL(explain this mechanism in simple words, especially how MoonWilly uses this new system unlike any other project). How are you able to pay rewards to holder in DAI regardless of the price of MoonWilly? Due to MoonWilly price fluctuations???
2. When anybody purchases an amount of MoonWilly and pays taxes, they will get a little less MoonWilly because the taxed amount must swap to DAI by smart contract for community rewards. Can this not negatively effect the price and cause the token price to fall?
@Milad1768982: 😂😂😂Best question not answered. Sorry!
Kevin: Great point @Milad1768982. Let me clarify how it works.
8% of every transaction is redistributed towards holders in the form of DAI (USD). We selected DAI due to several reasons:
- It is a StableCoin
- With DAI, Holders won’t need to be concerned about regulators freezing their assets or being blacklisted. This is not true for USDC, USDT, and BUSD, they can be rugged!
Thereafter, a Minimum of 10,000 MoonWilly tokens are needed to receive rewards. Holders receive DAI rewards in proportion to the amount of tokens they hold, relative to wallet amounts holding MoonWilly tokens. You don’t need to claim your earned DAI. It will be sent automatically to your wallet every 60 minutes during high volume. During lower volume, it can take longer, but will always send automatically within a few hours. The rewards are based on a threshold being reached, once the threshold is reached then the DAI rewards are released.
For more information please visit, @moonwillyproject as I will also be joining the live voicechat right now. Everyone can come there and ask me any questions on their mind!
@Milad1768982: Thanks! Now I’m a winner ?😄
Kevin: 😂 That’s up to [host]!
In Closing….
Another brilliant round of questions through a successful AMA. Congratulations to @w37xn, @wameyo and @Avelous for winning the AMA Cash Prize!
It is clear to see that the quality of open questions from the community only seems to increase in quality and technicality. Fortunately enough, there is no better man for the job than Kevin. In his closing words:
Kevin: The market is very volatile and we care about the success of our project. We see MoonWilly as a long-term model. We built it, keeping in mind the market swings, this is why we reward MNWL holders in stablecoins.
MNWL is essentially a hedge against the volatile crypto market, whichever way the market goes, MNWL holders benefit. In addition, we understand that it takes a lot of hard work and consistency over a long period of time to build trust in the community. That’s why we work every day, and have live chats, podcasts and create content every day promoting MoonWilly, daily AMA’s, etc…
We see this as a long-term thing.
We expect the market volatility, we are going into every crypto community to tell them about MoonWilly, we are doing this every single day, no days off, We are building an army. Everything else will come with that. This is a very exciting time for us!
Kevin and the MoonWilly team certainly appear extremely bullish on the topic of MoonWilly, why shouldn’t you?
Stay tuned for the next MoonWilly AMA and the latest news.
