Some experts argue that community-driven cryptocurrency projects focusing on charity work and protecting the environment are the future of decentralized finance (DeFi). One such project gaining attention is Mooky, an environment-focused community token which aims to reward investors while conducting good deeds for the environment and helping charities. To achieve this, they utilize their native token, $MOOK.
Mooky has a unique backstory involving a remote location called Pygmy, inhabited by a small community of humans and animals. Due to the residents’ lack of respect for their environment, the monkeys of the region (Mooky) rose as protectors of the land. This interesting narrative is being used to build the Mooky ecosystem, which includes Mooky NFTs (Non-Fungible Tokens) and a Ventures Club DAO (Decentralized Autonomous Organization) for particular NFT holders.
One of the most important features of the Mooky project is its tokenomics. The platform’s native cryptocurrency, $MOOK, will play a significant role in generating wealth for token holders and benefiting both individuals and the environment. The total token supply is 500 billion, with 3% dedicated to a visible charity wallet. Notably, $MOOK has a 0% tax rate, which means users are not required to pay extra fees when buying or selling the token.
Mooky’s 1,000 exclusive 3D NFTs are a vital part of the ecosystem, and users can leverage their $MOOK holdings to purchase one. Each NFT is connected to a real-life tree and has a different rarity level (Common, Uncommon, Rare, Super Rare, and Legendary). Access to the Ventures Club, a community DAO, is granted to those who acquire Super Rare or Legendary NFTs. In this club, members can participate in decision-making processes to shape the platform’s future, enjoy exclusive airdrops, and access an investment portfolio, among other benefits.
Trading Mooky NFTs is subject to a 15% tax, which is allocated as follows: 8% for the seller, 5% distributed among existing token holders, and 2% donated to charity foundations.
Mooky is currently in the seventh stage of a 12-stage pre-sale, where investors can purchase $MOOK for only $0.00000516 per token. The price will rise during subsequent rounds, reaching $0.00003125 per token by the end. The project has already raised more than $715K in this pre-sale.
Once the pre-sale ends, Mooky will conduct its initial exchange offering and aims to be listed on Uniswap, a popular decentralized exchange. A total of 90% of the token supply will be made available to the public, with 20% of this reserved for exchange listings. Staking on DApps (Decentralized Applications) will use another 5% of the supply.
As the project expands its use cases, the revenue generated will benefit the environment, with Mooky committed to ongoing donations and tree planting initiatives.
With its unique narrative, community token, and focus on environmental stewardship, Mooky shows promise as a forward-thinking DeFi project. Whether or not it can maintain its position as a leading environmentally-focused community token
Source: Cryptonews
