A new way to earn BNB
You collect BNB by accessing the dashboard page at https://app.moonrat.finance/
4% of every transaction is taken and re-distributed to all MOONRAT holders in $BNB.
You will have to wait for a specific duration called cycle (about 1 week) to collect your BNB reward.
In this waiting duration, if you continue to add more than 2% (threshHoldTopUpRate) of your $SMRAT balance, the waiting duration will proportionally add up with the cycle.
(If you sell $SMRAT, it does not affect your cycle)
For example, on the first day of your cycle, you add up more 5% $SMRAT, you have to wait: 5%*7days = 8,4 hours more. That means you can collect BNB after 7 days and 8,4 hours.
But if the threshHoldTopUpRate >= 100%, the waiting duration will add up max to 7 days.
For example, on the first day of your cycle, you add up more 100% $SMRAT, you have to wait: 7 days more. That means you can collect BNB after 14 days.
This will prevent cheaters who try to add more $SMRAT at the end of each cycle.
Collect BNB Tax
After rolling out the first testnet, we recognize that top $SMRAT holders have more advantages when collecting BNB than others. Following the philosophy of building a pure community-driven project. We introduce a new tax feature.
If you collect more than 1 BNB, 20% of it will be used to buy back $SMRAT at the market price and burn them immediately. This feature helps deflate the supply and increase the price of $SMRAT for long-term $SMRAT holders.
The contract is audited by Certik: https://www.certik.org/projects/moonratfinance
FAQ
How many BNB can I collect? You can collect the amount of the BNB based on the ratio of $SMRAT you hold/the total BNB pool.
For example, you hold 1% of $SMRAT, you can withdraw 1% of the BNB reward pool.
What is the BNB pool? 4% of every transaction is taken and re-distributed to all MOON RAT holders in $BNB. This amount of BNB called the BNB pool.
What if I don’t collect BNB reward in my cycle? If you don’t collect at your cycle and other holders claim, the BNB pool will reduce.
So then the ratio of your $SMRAT/BNB pool reduces as well. That’s why you should collect as soon as your cycle is ready
Why my collectable BNB always changes?
You can collect the amount of the BNB based on the ratio of $SMRAT you hold/the total BNB pool. So when the total BNB in reward pool changes, you collectable BNB as well.
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