MoonTrust recently released their app, which is basically a crypto token payments platform with friends list, private chat, and group chat features like Telegram/Discord.
They are giving away 0.01bnb to all new users until 10pm EST today. (when this post reach 6 hours old, giveaway is over)
proof: https://twitter.com/MoonTrustTeam/status/1458885113148854278
Follow the instruction below:
- login at https://moontrust.net/
- click on the wallet icon
- Chose "New Payment"
- Fill out the form and click "Request"
- enter 0.01
- make sure payment is BNB
- Recipient is: Lin
Note if you click on "pay" you will be paying someone instead, and will receive a confirmation prompt from your software wallet. click reject if you accidentally fat fingered
Background on project
MoonTrust is a DeFi token built on BSC (Binance Smart Chain). Our App allows users to connect their software wallets to their mobile numbers and/or MoonTrust ID. Users are able to use our app to send crypto assets to their friends via mobile numbers or MoonTrust ID. The final confirmation will still be done by their native software wallets. Our app simplifies the complexity of ensuring the right public address is entered for users friends and family. Users with common tokens in our platform can also chat with each other in the specific token channel. Token amount will be displayed for transparency.
Connect with Friends
Add your friends. Chat with your friends. See what mutual tokens both of you holds. Also check payment history between you and your friends, including what the payment is for.
Send/Receive
Request or receive payments from friends with a single touch of a button. Our app detects all the tokens an user holds. The final confirmation is done via user's software wallet. MoonTrust does not have access to your funds. Our app translate userIDs, token type, and amount into data that is used by your software wallet.
Tax Based Token
There is a built-in tax cushioning system, where half of all tax revenue is put into distribution pool (MNTT Token Contract). All holders token value are defined by their original purchase amount plus their share of distribution pool. The distribution pool will grow and equalize up to the tax bracket value. Over time as the project stabilizes, the purchase tax will decrease by the % in distribution contract. The other half of tax revenue will be send to MoonTrust Liquidity Wallet. This is used to fund operational and development expenses for MoonTrust App.
Token Group Chats
MoonTrust offers group chats for each individual tokens in the chain. Token holders are able to join and chat with each other.
Custom Group Chats
Create specific token holding requirements to join groups. This allows creators or friends to create their own tokens and use our platform to chat with their users. Holders who fails to meet the token requirement will be automatically kicked by our system.
Why this is important?!
How many of you joined Telegram or Discord and saw people getting banned by Mods over accusations of "Fud?"
Have any of you ever wondered, do these mods even hold any tokens? Are these mods paid shillers?
Am I talking to real hodlers or bots? You need to own at least 1 token to be able to join the chat channel. For bots this means they have to buy 1 token, where the majority of cost is BNB gas. This is still $0.25 per account.
MoonTrust platform aims to change all of that. They are working on voting and governance mechanisms that allows hodlers to directly ban/mute each other. Those who owns the most amount of tokens will be ones in charge of that token project channel.
Below is quoted from MoonTrust Product Owner Lin:
"moderation within groups will be done by the whales/dolphins, they can mute/ban users in the feature.
i.e. a pancake whale can ban/mute someone in pancake chat with minimal pancake. this is a design mechanism to allow the community to moderate themselves.
a lot of projects have paid mods who dont own tokens. so real concerns gets censored or blocked
of course to prevent scam projects abusing ban/mute people who warns such projects, we will have report functions. where mntt holders can report such channels. after hitting a threshold, we will display a warning tag to the channel
in this example this is a push and pull scenario. if the whales are overly aggressive with censorship, channel will get reported/flag by the community. a flag could trigger a sell off, thus decreasing the the whales profit. (50% drop on a $2 investment is just $1 loss. a 50% drop on a $2m investment is $1m. it will hurt the whale more).
from the perspective of scam groups, its cheaper for them to pay influencers to shill a token than to spam multiple accounts (paying gas fees) to join moontrust and try to convince users of our platform
at the end of the day, our platform isnt an audit service. we're just providing an alterative space to communicate. people are encouraged to do DD and share it here. if the dd gets censored, people will know.
to ban/mute someone, it must be done at the chat for example:
/ban Lin.
mute/ban won't delete the text. the chat history will be there.
if people still buy in after all that, this is not our problem.
for example: there is plenty of people who bought squid token after news came out it is a scam"
submitted by /u/keishinichiro
[link] [comments]