Dear Respected Users,
Hotbit is scheduled to list MSS (Monster Slayer Finance) on Grwoing Section
Deposit function launches at: 2021.03.16 07:00 AM UTC
Trading function launches at: 2021.03.16 09:00 AM UTC
Withdrawal function launches at: 2021.03.16 09:00 AM UTC
Trading Pair: MSS/USDT
【Hotbit users exclusively enjoy “Minus Maker Means Minus Transaction Fee” mechanism. By placing and settling any maker order, the user will enjoy 0 transaction fee and an extra 0.30% of the trading volume of his/her maker order as reward on Global Section!】
Project Name: Monster Slayer Finance
Monster Slayer Finance is an algorithmic stablecoin project aims to be used for gaming and NFTs. A stabilization – implementing best practice of seigniorage combined with a special stabilization fund to limit the effect of post-farming dumping.Utilizing the Tri-Token architecture of Cash-Bond-Share as well as a Stabilization Fund to achieve the peg with 1$. MonsterSlayerFinance is an algorithmic synthetics platform: infinite-scalable, long-term sustainable, and decentralized.
MSC tokens are designed to be used as a medium of exchange and it is pegged to 1 $BUSD.
During epoch expansions (when TWAP - the time-weighted average price of MSC is above the 1 $BUSD peg), the protocol mints MSC and distributes it proportionally to all Monster Slayer Share (MSS) holders who have staked their tokens inside the boardroom. When MSC's TWAP falls below 1 $BUSD peg, Monster Slayer Bond (MSB) gets issued and can be bought with MSC at its prevailing price. MSS holders have voting rights and, later, the ability to create proposals to improve the protocol, as long as further incentives.
Stabilization Fund: ensure the stability of MSC once it reaches the peg of 1 USD, the Stabilization Fund (here called SF for short) will be the main factor to support MSC’s journey back to 1 should it ever fall to the darkside. The SF will not take in MSS nor will it stake to farm MSS.
Token type: BEP-20
Total supply: 50,000 MSS
Official Website: https://www.monsterslayer.finance/
The investment on cryptocurrency projects is subject to high market risks.Please make your investments cautiously. Hotbit will make best efforts to choose the cryptocurrency projects with high quality,but Hotbit will not be responsible for any of your investment losses.
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