MonkChain is a new BSC token. It is a NFT meme token. Let’s examine the project in detail.
Project name: Monk Chain
Contract address: 0x3c6a7DECEF9a419461d32Dd3A8b31479CAB1BDf0
Token type: BEP-20
Total supply: 500.000.000.000 MONKCHAIN
Launchpad: Unicrypt Network(PancakeswapV2)
Presales have some risks. Please DYOR (do your own research)
|Liquidity Lock Rate||60% BNB raised liquidity lock|
time: 11 months
|Min-Max Spend per Account||max 5 BNB|
|Presale price||100.000.000 MONKCHAIN / per BNB|
|Listing price||90.000.000 MONKCHAIN / per BNB|
|Audit||( by Techrate)|
|KYC||(by Pass or Fail Me)|
|Start||approx: Sat 19 Jun 04:31 UTC|
|End||approx: Thu 24 Jun 04:31 UTC|
Check burned tokens.
It is good
- 60% liquidity lock rate
- 11 months lock duration
- Presale price is cheaper than listing price.
- KYC by Pass or Fail Me, check
- Audit by Techrate, check report
- No high-medium severity issue
About the team
From White Paper
By using the concept of deflationary, The token functions on an automated liquidity-locking and self-staking direct distribution protocol, providing safe, secure and hassle-free transactions and yield- generation for all holders.
Features of MonkChain:
- Transaction fee is 6%:
- 3% distributed to holders
- 3% auto liquidity provider
- Deflationary: Because burn address (22.6% of total supply burned) is also a holder. So some part of each transaction fee goes to burn address.
MonkChain is a native utility token from MonkChain finance ecosystem environment, and will be used
- MonkChain decentralized exchange
- NFT decentralized marketplace
- E-Commerce decentralized payment gateway media
- Decentralized yield farming and staking
Note: Slippage rate must be higher than 6%, when swap MONKCHAIN.
MonkChain is a NFT meme token. According to their roadmap, It aims to build initialy NFT marketplace (phase 3) then DEX (phase 4). It has KYC and Audit.
Having KYC and audit shows that the team will try to realize their projects.
About tokenomics: 50% allocated for sale and 26.5% allocated for liquidity. Rest of the tokens were burned. So the team hasn’t tokens. Also there isn’t marketing tokens. These are good for price chart.
Because team and marketing tokens have potential to dump price. MONKCHAIN’s price chart won’t be affected to these. When it will be listed, It’s price will be determined by the market.
It would not be right to consider MONKCHAIN as just a meme coin. Because the project aims to create products. MONKCHAIN will have usage in their ecosystem.
To summarize: good tokenomics, KYC’ed team and audited smart contract.
6 BNB collected. It didn’t reach softcap. Failed.