The cryptocurrency project MOE places its emphasis on utilizing its native token $MOE to fuel the recording of MOE on the blockchain. The unique property of the $MOE token lies in the fact that its utility extends beyond the minting of NFTs (Non-Fungible Tokens) to also facilitate voting in popularity contests. The defining factor of $MOE is the increasing scarcity of the token each time a MOE NFT is minted on the blockchain, as all used $MOE is subsequently burned.
About the MOE Project
The MOE project was deployed in May 2023 with the specific aim of introducing a unique mechanism into the world of NFTs and the wider cryptocurrency market. As a medium of exchange within its platform, $MOE is constantly increasing in scarcity due to the burning of used tokens each time a MOE NFT is minted on the blockchain. This unique feature adds an extra layer of value and sustainability to the token, setting it apart from other cryptocurrencies. In addition, the $MOE token is also used for voting in popularity contests, widening its usability within the platform.
History of the MOE Project
After the initial token deployment on 14th May 2023, the project took a significant step forward with the deployment of a Uniswap pool on 45th May 2023. This was subsequently followed by a listing on Bitmart on 14th July 2023, increasing the accessibility and liquidity of $MOE.
What's Next for the MOE Project
The team behind the MOE project is actively working on the development of a Web3-based NFT service. This new feature will further enhance the functionality and utility of the $MOE token, adding to the project's long-term value proposition.
Uses of $MOE Token
When minting MOE TCG (Trading Card Game) NFTs, one $MOE token is consumed each time. This token is then completely burned, leading to a consistent decline in the circulating supply of $MOE. The constant burning mechanism ensures the continuous increase in scarcity of the $MOE token, making it an intriguing choice for both NFT creators and collectors.
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