Have you ever bought a ticket for a competition and watched your money just disappear? Thrown your money at the lottery to stack your losses? Spent a night on the slots to head home in a deficit? Well how about a world where you buy a ticket, lose the competition, and not only get your money back, but also gain some extra on top of what you put in? Seems too good to be true right? Well, it’s a reality when it comes to Moonpot, a win-win prize game that’s shining within our BiShares Game Fund. Backed by the POTS Token, Moonpot is already doing incredibly well. How do we know? Moonpot was recently selected as one of Binance Smart Chain’s Most Valuable Builders or MVBIII! This prestigious title has set them up as one of August’s monthly stars, providing them support and guidance in their development of the project. As it continues to gain traction, this project is one to have your eyes on!
So how does it work exactly? Moonpot is a platform made up of different “Moonpots” or “pots” for short. These pots are essentially like a variety of crypto savings accounts where players can deposit their crypto and earn interest. What sets Moonpot apart from any normal kind of savings account is that every week, all users in all pots are entered into weekly competitions with no risk to their deposits. We’re not talking some measly little rewards either, not at all. Moonpot rewards are worth tens of thousands of dollars. Very little risk, all reward. Why very little? Moonpot acknowledges that everything in life comes with some degree of risk and in keeping with their focus on trust, they keep it honest.
As it can be found on its website, Moonpot lists its values as follows:
1/ SAFETY. This is more important than anything else.
2/ SIMPLICITY. Saving money doesn’t have to be complicated.
3/ OPENNESS. Everyone should be free to save.
4/ WIN-WIN ETHOS. No one needs to lose; everyone can win.
5/ FAIRNESS. Life’s not fair, but crypto can be.
6/ FUN. Finance shouldn’t be boring.
7/ TRUST. Good decisions are made when free of doubt.
Moonpot came about as a means to reward savers with growth, rather than punish them by inflation. It is led by Ziggy Moonpot, Captain of the Moonpot Space Program, who launched the project with the backing of Beefy Finance.
According to the Moonpot team, their mission is simple: “We are determined to build a future where saving is enjoyable, profitable, and open. Where crypto interest rates are people’s first choice. And where our savings pots and win-win prize game deliver financial freedom to all. We plan to bring as many people to DeFi as possible. Because decentralization is for everyone.”
Moonpot is proven to be trusted and safe for code, pots, and prizes, having been developed by the Certik-audited team at Beefy Finance. With Certik being the crypto sector’s leading security-auditing service, as well as Beefy’s prestigious award from Binance for its reliability and quality of work, Moonpot is proven to be secure. What’s more, they’ve committed to only working with blue-chip projects and partners so that there is no questioning the safety of a user’s assets.
Let’s take a closer look at how the token is doing. It has a total circulating supply of 4,118,000 POTS coins and a total supply of 10 million coins. One week after its launch on August 4, POTS increased in value by 612%. POTS Total Locked Value is above $76 million. It’s All Time High was registered a month ago on August 22 with an impressive $20.72.
We were drawn to Moonpot because similarly to us here at BiShares, they are all about steady and sustainable growth. Both are in it for the long haul! Moonpots’ goal is for everyone to win, ultimately spreading the value of a decentralized world where growth and security are key. We see endless success in the future for Moonpot and are very excited to have secured it as a part of the BiShares Funds.
For more information on Moonpot, check their website: https://moonpot.com
