Hello fellow speculators, farmers, crypto astronauts and welcome to M00N City!
We aim to create a decentralized, democratic, permissionless, multichain platform — governed by the M00N City ecosystem users and builders. M00N City was born with the idea of an ecosystem where developers and users can quickly validate and build project ideas together and profit from their success. We love to experiment and we think that lowering the barrier to entry for builders will bring more innovation in crypto space.
M00N City is built around the concept of curation markets and continuous (bonding curve) tokens.
Curation Markets is a model that allows groups to more effectively coordinate & earn from value they co-create around shared goals.
Each topic/meme/idea/goal has an associated token of value that is used to curate information inside it.
— Simon de la Rouviere
The token bonding curve is an emerging cryptoeconomic primitive: protocol based incentive systems that enable coordination of network participants to achieve shared goals. Tokens incentivize players in an economic game towards an outcome that are mutually beneficial.
— Yos Riady
Curation markets use collective intelligence. Recent research shows that this is very effective in making correct predictions.
In curation markets participants put money on projects/apps they like the most. This signals that the project is more likely to be successful if more people believe in it. In M00N City this is achieved by buying APP tokens with LUNARs.
LUNAR is the M00N City’s utility and governance token. It can be used for staking, voting for protocol changes, curating M00N Apps.
M00N APP Tokens are bonding curve tokens that have different buy and sell curves.
Let’s say we have bonding curve token X:
1. On purchase new X are minted by the smart contract, which increases its price. Part of the LUNAR invested goes in the project’s fund and part of it is held back by the contract in its buy-back reserve.
2. On sale the amount of X sold is burnt by the smart contract, which decreases the price of X, and the contract refunds the investor with LUNAR using its buy-back reserve.
What are the benefits of investing in M00N APP tokens ?
- Speculating on the project’s success and buying tokens early will give you more tokens for the same price, than if you buy later.
- Depending on the project, APP Tokens can give access for features, be spent in the project, give dividends from the taxes, etc.
- APP developers get their ideas validated and funded.
- Locking LUNAR in the APP token’s contract will lead to increased demand, which will drive its price up.
- LUNAR stakers will receive dividends from the successful projects.
Here is an example:
- Alice is a blockchain developer part of the M00N City ecosystem. She wants to create a yield optimizer. She describes her idea and creates a M00N APP token with name YIELD. Using YIELD in the app will give the user lower fees and access to premium features. Alice also buys YIELD with LUNAR, because she thinks the price will rise when the project gets more mature.
- Bob is a farmer, he thinks that the project is promising and buys YIELD to use it later on the platform.
- Carol is a speculator, she thinks that the project is promising and buys YIELD to sell it later.
- Dave is a long term investor, LUNAR hodler and staker. He doesn’t hold any YIELD tokens. He doesn’t like the project.
Let’s assume that the project was successful and the YIELD token price has risen.
- Alice is happy her capital increased with YIELD tokens price. She also made profits from the project fund and from the project taxes.
- Bob is happy his capital increased with YIELD tokens price. He can use the tokens for making more money while farming.
- Carol is happy she sold her YIELD and made a good profit.
- Dave is happy his portfolio is increasing, LUNAR price is increasing and the yield platform is generating more LUNAR for him.
M00N City diagram
Why multichain?
We strongly believe that the future is multichain. Currently there are a lot of dApps and earning opportunities on each chain, but it is hard to participate, because most of the projects are built on one platform.
We think that the crypto community deserves a smooth and flawless multichain experience. It should be easy to farm and speculate on different platforms. M00N City will select chains on which to operate based on the voice of the community and the best tradeoff between security, utility and network effect. For these reasons we decided to launch the LUNAR token on Ethereum, which provides the best security and adoption. For our other smart contracts we go first with Polygon(Matic network), so the users will benefit from the fast block time and the low gas cost.
What is our mission?
- Better collaboration between users and builders.
- Give multiple earning opportunities in one place.
- Being cypherpunk friendly — no KYC, permissionless, censorship resistant.
- Smooth multichain experience.
M00N City community is planning to build multiple dApps. Each dApp will give different opportunities for profit.
- High-yield farms
- Yield optimizers
- MEME Tokens
- High-profit/risk games
- NFT projects
But ser, MEMEs and high-risk are bad !?!
Communities are creating the value of the projects by their decision what to build, what to support and what to buy.
Some assets have higher market cap than the others without any technical reasons for that and we are fine with this.
Conclusion
We explained the general idea behind the M00N City ecosystem. There is a lot of room for experiments and improvements that are open for discussion, but are not covered here for simplicity.
In next posts we will explain the $LUNAR tokenomics and initial distribution.
Let us build together the best place where everybody can build, speculate and earn without censorship…
Join us on
discord: M00N City
twitter: 0xM00NCity
github: m00n-city
website: m00n.city
