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  • New Stakemoon coin to go live on 20 October at 11:00 GMT.
  • Pre-sale token launch expected to draw in a considerable number of investors
  • Listing on PancakeSwap and Bitmart to kickstart trading.

Stakemoon is finally here – the Decentralized Finance project has announced the launch of its pre-sale token today, in which early adopters are able to make a coin purchase at a cheap price.

The Stakemoon sale begins at 11 am GMT with a launch price of $0.0035.

This pre-sale was conducted on an over the counter (OTC) basis. This basically means that a request for a coin purchase will have to be made to the team behind Stakemoon.

It’s important note that the pre-sale will allocate 50% of all proceeds from the Stakemoon pre-sale launch to a liquidity pool via a 1-year smart contract lock-up.

One million Stakemoon coins will be made available for purchase – read on for how to buy Stakemoon in the pre-sale.

How to Buy Stakemoon

Step 1: Connect a Compatible Crypto Wallet

The first step is to connect your cryptocurrency wallet. This is where your Stakemoon coins would be sent to and stored at the end of the sale.  Stakemoon operates on Binance Smart Chain, so the Trust Wallet is a good choice. It is available for both Android and iOS devices. Once After downloading and opening the device you will find a wallet address that you will need for the purchasing process.

Step 2: Purchase Amount

The next step is to select the token quantity that you want to buy. The minimum purchase amount of Stakemoon you can buy is $5,000 worth, while the maximum is $10,000. The platform’s purchase page only allows you to state your preferred amount in Binance Coin (BNB) – the preferred currency on the Binance Smart Chain. Once this is set, the Stakemoon token quantity would be duly updated.

Step 3: Receive Tokens

The final step is to wait for your Stakemoon tokens to be allocated to you. The token will be automatically transferred to your Trust Wallet address.

If you want to know more about staking crypto, read our comprehensive guide.

Listing on PancakeSwap For StakeMoon Should Further Increase User Appeal

Upon the conclusion of the pre-sale offering, the Stakemoon token will be listed on the Pancakeswap exchange. PancackeSwap (CAKE) is a leading decentralized exchange which allows users to buy, sell and trade a large number of DeFi coins without a third party in the mix. It is rapidly becoming one of the most popular DeFi exchanges and has seen significant growth over 2021.

Instead of a third party purchasing the coins for you, Pancackeswap uses an ingenious Automatic Liquidity Pool system to facilitate trades. Although the platform was only launched just over a year ago, in September 2020, it is already home to a substantial number of daily users which runs into the millions. It also has billions of dollars of liquidity within its decentralized pools.

This means that Pancakeswap had to be the obvious choice for Stakemoon’s initial exchange listing. As soon as the Stakemoon listing becomes a reality on the DeFi exchange, a marketplace will instantly be created for buyers and sellers to transact. Stakemoon value will then continue to be dictated by market forces.

Future Plans For Coin Include Bitmart Listing and Staking Options

As the Stakemoon journey begins, the main focus for Q4 2021 will be the finalization of legalities behind Stakemoon’s listing on Bitmart. This is expected to be a major achievement for this project due to the fact that Bitmart is one of the largest and most universally recognised cryptocurrency exchanges on a global level.

Bitmart is the facilitator for more than $1 billion worth of daily cryptocurrency trades. This means that upon listing, Stakemoon will gain exposure to a considerable pool of liquidity and users. Bitmart also has the legal remit to accept fiat currency deposits and this includes debit and credit card payments.

In the quarter that follows Stakemoon’s listing on Bitmart, the exchange will also be providing a framework for automated staking. According to the whitepaper, staking will allow holders to earn interest on their Stakemoon tokens.

Stakemoon will also be achieving a crucial milestone by the end of Q2 2022. This will be the launch of its proprietary staking platform. This important feature was already discussed earlier in the whitepaper and will allow users to stake digital currencies other than just the Stakemoon coin.

For more information on  Stakemoon, have a read of the project’s whitepaper here.