22 Nov 2021 · 3 min read

Lunar (LNR): The DeFi Ecosystem and Reward Token that Filled their 1000 BNB Presale in 15 Seconds

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Microcap cryptocurrencies, that is cryptocurrencies with under a $50 million USD market cap, are one of the industries fastest growing segments, and for good reason. These crypto projects generate insane returns with relatively little investment, reaching ROIs as high as 50,000% within weeks. With that being said, actually participating in these returns is easier said than done.

Take Binance Smart Chain (BSC) for example, one of the most popular blockchains for trading microcap crypto tokens. In order to purchase tokens on BSC, investors have to navigate at least three different applications: one to purchase the native Binance Smart Chain Coin (BNB), a wallet to hold the BNB, and an exchange to swap the BNB for other Binance Smart Chain tokens. On top of that, the integrations between these applications can be buggy and difficult to enable, leaving new, and even seasoned investors frustrated and potentially unable to capitalize on the next opportunity.

The team at Lunar DeFi plans to change this with their Lunar DEX, an application that aims to revolutionize microcap cryptocurrency trading by uniting the entire process under a single, streamlined platform. Their goal is to bring a Robinhood-like user experience to microcap crypto investing, making the process far less difficult and time consuming for seasoned investors, as well as significantly reducing the barrier to entry for new investors.

The Lunar team doesn't plan to stop here. Their eventual goal for the Lunar DEX is to allow users to exchange any crypto currency across any different blockchain in a single transaction.

The Lunar DEX wallet is one component of a larger DeFi ecosystem they are building, one that rewards those who participate.

The Lunar Token (LNR):

At the core of the Lunar Ecosystem is the Lunar Token (LNR), which distributes 3% of LNR transactions and a percentage of Lunar DEX Wallet transactions to holders in passive reflections, allowing the community to benefit from the success of the ecosystem beyond the increase in value of their holdings.

In addition, 3% of LNR transactions are sent to a liquidity pool to facilitate trading and stabilize the token’s value, and 5.5% of transactions are sent to a growth wallet that is used for marketing, development, and strategic buy-backs/burns of LNR. These buy-backs/burns are employed as a counteractive measure when prices or trading volumes are low to increase the value of the token and discourage early selling.

There are also anti-whale and anti-bot mechanisms built into the smart contract. A 1% maximum trade size and a 2% maximum wallet size limit has been implemented to prevent individuals who hold a substantial portion of the total supply from being able to significantly influence the price of the token. The team plans to implement and release an anti-bot mechanism on opening day aimed at clamping down on automated trading, while allowing human investors to trade freely.

NFTs with Passive Earnings:

The Lunar ecosystem will also include its very own NFT collection, Lunar Legion, that distributes 0.5% of LNR transactions to holders. This is the first step in their eventual goal to bring the streamlined user experience of the Lunar DEX Wallet to the world of NFT investing.

The Lunar team is in a solid position to make these visions a reality. Their team is composed of highly talented developers, marketers, designers, and serial entrepreneurs who have successfully grown companies and shipped software in past ventures.

The project also has promising traction already. Their 1000 BNB presale sold out in 15 seconds, their LNR token up over 3X since launch, and they have accumulated a whopping 9000 holders within 3 days of launching the token.

The Lunar community is already becoming one of the most engaged, passionate communities in the space, and the team believes it due to the vision, relentless focus on quality, and set of core values it’s built upon. With the growth of the cryptocurrency industry showing no signs of slowing down, the Lunar team is confident that they will live up to their name and grow the project to the moon and beyond. 

Lunar Information:

Website: lunardefi.com

Email: [email protected]

Telegram: t.me/lnrDefi