CroMoon is a community-based DeFi token on Cronos by crypto.com blockchain. CroMoon is the native currency of the CroMoon ecosystem, and the MOON is the ticker name of the coin. The CroMoon team aims to build the CroMoon ecosystem, and NFTs (non-fungible tokens) grant vast possibilities.
According to its website, Cronos is the future of DeFi, and the CroMoon is the foundation of the expansion of the CroMoon ecosystem. CroMoon utilizes the EVM (Ethereum Virtual Machine) chain to power the MOON token, NFTs, gaming, etc. The CroMoon team has airdropped three NFTs to the users. PolyDogeXCroMoon is the third NFT- a cross-chain NFT drop on Polygon and Cronos.
Besides this, the token also features Blackhole, a schematics of the CroMoon ecosystem that turns CroMoon into a deflationary token. Token burning takes place on every transaction as the dead wallet is also the holder of CroMoon. Token burning is the removal of coins from circulation to reduce the token count. The platform locks LP (liquidity pool) tokens via a third-party locker.
The ecosystem of CroMoon applies 10 percent of the tax for every transaction. The transaction fees are equally distributed for liquidity pool acquisition and the reflections in the same parts. Five percent of every transaction is added to the liquidity pool, partly used for the platform’s afterburner. Afterburner is a process that occurs once a week on an entirely random basis.Five percent of the tax offers rewards through reflection function to all coin holders on every transaction.
The MOON token is a cold staking protocol, and users can earn reflections or rewards by holding the token in their wallets. Users earn rewards through the decentralized protocol, and no interface is required to claim the rewards.
