On the 1st of August, 2021 at 1:00 UTC, Decentralized Club had the honor of hosting the Marketing Lead of Moon Maker Protocol for an Ask-Me-Anything session on their Telegram page with a community of over 30,000 people. It was hosted by DC Admin, May.
The session was divided into four segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2 and 3 respectively, and live questions from the community members in attendance were answered in Segment 4.
If you missed this event and would like to know what Moon Maker Protocol is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity.
Segment 1 - Introduction
Hello, สวัสดี, Kamusta, Hola, 大家好, नमस्ते, Selamat!
My name is May and I'll be hosting the AMA with Moon Maker Protocol.
Today, we have with us a guest from the MMP Team.
Hello May and @decentralized_club members!
You're welcome and it's an honor to have you here.
I'm Sira from Moon Maker Protocol Marketing
Amazing to be with you all today!
Welcome to the Decentralized Club
I look forward to a very insightful interview with you.
Could you quickly tell us more about yourself and your job description at Moon Maker Protocol?
I'm Sira from Moon Maker Protocol
I'm Marketing Manager of the token
Let's take some project introductory questions.
First of all
Thank you for the question and everyone for your interest in Moon Maker Protocol.
We’re excited to have you here to learn more about us.
Q1. Can you tell us what the motivation behind developing the Moon Maker Protocol was?
To give you a small recap, Moon Maker Protocol’s main business is Crypto Launchpad.
Crypto Launchpad is a fundraising platform in the Decentralized Finance world.
It raises funds by collecting stock value in the form of digital tokens.
The value of a digital token depends on its ‘Tokenomics’, a specific mechanism to control the value of the token.
The creation of the Moon Maker Protocol was inspired by the limitation we see in the existing funding and investment ecosystem.
At the funding end
Globally SMEs represent about 90% of businesses and more than 50% of employment.
This number could be as high as 80% When we look into the current funding emerging markets in Southeast Asia.
According to the World Bank, access to finance is a key constraint to SME growth.
In the traditional financial system, we see banks put on many barriers that prevent entrepreneurs from access to a source of funding to grow their business whether it is large collateral sometimes worth multiple times than value of the funding entrepreneurs themselves need or current level of income to predict their future income.
We want to empower small and medium businesses, especially tech entrepreneurs, by giving them easier and fairer access to the funding they need to grow the competitiveness of their businesses.
This will mean more employment in local communities as well.
From the investment point of view, we see the financial market limiting the opportunity of retail investors in securing shares of businesses with high growth potential.
In most, if not all of the IPOs, larger shares will be allocated to institutional investors and trust funds, leaving a tiny chunk of the pie to ordinary people who are trying to grow their portfolios.
Moon Maker Protocol, though our launchpad, is trying to solve this problem.
We offer investors, no matter how big their budget, opportunities to invest in new companies with high growth potential.
All of our launches will be “Fair launch” where everyone buys shares at the same time in an Initial Moon Offering or IMOs.
I agree with this.
Moon Maker Protocol has a strong vision! It's great!
Thank you for your detailed answer.
Q2. How does the Moon Maker Protocol create a better ecosystem for investment in startups compared to other similar projects in the market?
Before we move on to the next question
Would you mind if I elaborate a bit more on Initial Moon Offering or IMO as well?
Many people here are probably not familiar with the term?
We have a question dedicated to IMO coming up 😁
To me, being a launchpad in the DeFi world is unique enough in its own rights.
There aren’t many known crypto launchpads in the world right now.
I think the thing that sets us apart from other launchpads is how we secure our investors by screening projects that will launch with us.
To launch a token via Moon Maker Protocol, a business must provide full identity to the Moon Maker Protocol business assessment team.
We must know exactly who they are in real life even though they do not want to reveal their identity publicly.
We want to make sure we can hold them accountable for any misconduct.
This majorly limits the chance of fraud and rugpull.
Unlike other launch platforms, Moon Maker Protocol has a team of business and financial advisors with comprehensive experience in the traditional world, to evaluate potential businesses that will raise funds with us.
We want to make sure that those businesses are still undervalued
that they have an experienced team that can contemplate a great plan and can execute their plan in the right environment
If you check our track record, you will notice that we only partner with legitimate teams.
Our most recent “IMO Soft launch” was with a public company in an Asian stock market.
Our upcoming IMO, WWin, is also led by a team of well-known public figures in Asia.
It is advised by a leading figure in the global crypto market.
Even though they play in a very niche area, there are a hundred million dollars of cash flow.
I like this!
Too many projects rug and get away with it because of hidden identities!
Yes, and that's why we put so much importance in preventing it
You can check them out here:
Here comes the IMO question 😁
Q3. Can you shed some light on the MMP products: IMO, Farm and Lotto?
First, let me share what's IMO
it might be a new term for many people here
IMO is an MMP-coined term
Initial Moon Offering or “IMO” is inspired by Initial Public Offering (IPO)
the process of offering shares of a private corporation to the public in a new stock issuance and Initial Coin Offering (ICO) which is the cryptocurrency industry’s equivalent to an initial public offering (IPO).
But IMO is different from IPO and ICO as IMO offers an opportunity to invest in startup companies with high growth potential.
Every company that will kick off via our launchpad will be evaluated by Moon Maker Protocol’s investment professionals.
IMO, as discussed earlier, it is a token launch platform where investors take an opportunity to purchase shares of crypto startups that are still undervalued.
To buy IMO, you will need to hold MMP or wMMP for the privilege to buy IMO by tiers.
Here is our current IMO privilege by MMP tiers
wMMP is an MMP token without 10% tax.
Holding wMMP will also grant you a similar right to buy MMP.
You can follow these steps to buy MMP or wMMP
Swap for MMP: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x768d221e81524de52841aed976370b2e4f990416
Swap for wMMP: https://space.tuktuk.finance/#/swap?outputCurrency=0x422d0a431d8fb752e3697e90ba04b3324ea0cb4a
Another thing that you need is mmUSD, which is an MMP stablecoin.
You can mint mmUSD here https://app.moonmakerprotocol.com/mint
That's so much about IMO!
In addition to IMO, we also have farms and lotto.
Currently, there are 3 farms that you can participate in Binance Smart Chain
The mmUSD, MMP Stable coin farm offers quite a good rate for stable coin farms at around 20% a year.
Q4. How do we acquire $MMP and why is it important to be held from an investment perspective?
I just shared how to acquire MMP and wMMP in the previous question, so let me go ahead and share why it is important to hold MMP and wMMP for future value
First, Moon Maker Protocol is a business that is solidly backed by a business: a crypto token launchpad.
Initial Moon Offering is an early opportunity to invest in a high potential startup screened by the Moon Maker Protocol business team.
To purchase IMO, investors must also hold enough MMP to earn the privilege to buy IMO, which is limited by tiers.
This provides a solid use case for MMP.
When we look into the existing crypto launchpad business, we can see that the value of the token correlates with the number of projects it launches.
Moon Maker Protocol only had one soft launch and we now have around a $6M market cap
BSC Pad needs 63 Projects to reach an $18M market cap
I see so much potential for us to grow over time.
I see it too! It's amazing!
Last question for this segment.
Q5. What are the major plans on track for completion this year for MMP?
Let’s first talk about IMOs since it is our core product
We’re proud to announce that we’re having our first IMO tomorrow on Monday, Aug 2nd.
The trading window is 1 PM to 3 PM UTC+0
The token is WINWINWIN or WWin https://winwinwintoken.com/
WWin is a Marketplace for the talisman and amulet trade.
WWin’s founders include David Dang, a Marketing professional, and ex-Hollywood film-producer, and John, a London-based Crypto specialist who will be building community and driving marketing initiatives for WWin.
The project is consulted by Edward Hickman, Founder, and CEO of Anatha.io, a global crypto businessman.
We will raise mmUSD 1M fund. This is only 20% of the total fundraised.
But it is much larger than average fundraised on other launchpads
I only see one project on Dao Maker that raised this much
The rest of their project are around $100k-ish on average
Alright, enough on WWin
There other two upcoming projects which will launch on MMP
1. ABC - A Defi derivative platform for crypto lending and future trading.
2. IDOL Land - A DeFI platform where fans can connect to their idol creators.
These are quite interesting projects
You can stay updated on upcoming IMO here: https://app.moonmakerprotocol.com/launchpad
I know that's long but that's not all ;)
On products, we are launching DEX which will soon evolve into trading terminals.
We also have NFT in the pipeline.
We’ll focus on building functions that make crypto trading more fun, and more importantly, more human.
However, our main product is IMO, and our focus will always be to equip our team and platform to deliver a great IMO experience and allow our holders to make a profit by being early investors in high-potential crypto businesses.
Community, please get ready for the quiz.
Pay attention to the guest 😁
The upcoming projects look impressive already 😁
Let's take some questions from our Twitter community.
Segment 2 - Twitter Questions
Q1. I can see that Moon Maker Protocol has community groups that represent the Philippines and Spain. How important is global adoption to you & what are your plans to reach non-Asian communities?
Twitter Username: @theyasflower
We place a high priority on international adoption, even though we’re now present mostly in Southeast Asia.
We are making deals with entrepreneurs from many countries.
As we launch more projects, our community will get bigger.
In addition to organic growth, we're also expanding our marketing initiatives to performance marketing.
Like Facebook, Google, and YouTube ads
where we do international targeting
as well as foreign influencers
I believe we'll see more interest in MMP from different regions.
Q2. MMP offers investors opportunities to make secure investments in DeFi startups with high growth potential. Do you collaborate with these startups? What are the criteria for choosing the DeFi startups?
Twitter Username: @AlbertJaison2
We don't directly collaborate with these start-ups, but we have some measures to identify the "right business"
There are many in-depth details to discuss to identify what is a “high potential” business.
However, on the topline level, we are looking at 3 things:
Team of founders and working team
whether they have the right experience
and the right understanding of the business they are going into And whether they are willing to reveal their identity at least to the MMP team.
We are looking for a team that is willing to be accountable.
We look into business plans and use our experience to evaluate their quality.
Lastly, we evaluate the market and its potential for success.
Q3. Please talk about your partnership with TukTuk Finance regarding farming and staking and also the yield percentages?
Twitter Username: @repmujduolc
We partner extensively with Tuk Tuk Finance on farming.
% on MMP farm is about 25-40% APR
% on MMP farm is about 25-40% APR, but I think It will come back to over 100% after Tuk Finance opens its marketplace
We are discussing the use of MMP Stable coin, mmUSD in this marketplace too.
Good to know!
It's time for website questions.
Community, please get ready for the quiz.
Pay attention to the guest 😁
Segment 3 - Website Questions
Q1. What is the relationship between the $mmUSD, $wWin, $wMMP, $kMMP, $rMMP, $MMPMVP and $MMP tokens? Why so many tokens in your ecosystem?
Telegram Username: @orinakraj
That indeed looks overwhelming!
WWin is our 1st IMO that will launch with us tomorrow (Aug 2nd, 1 PM UTC+0)
MMP is our main token. It has a 10% tax rate, and 30% of the 10% tax will be distributed back to all holders, the rest 50% to the liquidity pool, another 20% to Dev wallet.
wMMP is MMP wrapped to cancel all MMP’s tokenomic. Its transaction isn't subjected to a 10% tax rate.
mmUSD is our stable coin that is back with BUSD at a 1:1 ratio. It requires some MMP as a minting fee. You need mmUSD to buy new IMO, farming, and some upcoming use cases.
kMMP is a wMMP that bridges from Binance Smart Chain to Bitkub Chain.
Other tokens are free tokens that MMP received from past events.
You can visit these posts to understand more about these tokens and the MMP ecosystem.
Thank you for breaking that down for us.
Q2. What are the exciting features the developers of the moon maker protocol have been working around the clock to bring to the DEX & AMM protocol? And What are signs that this long-anticipated project would live up to expectations and certainly become a force to reckon with?
Telegram Username: @Yomcy01
Well, to answer the question, I must restate that our main product is IMO and we use funds we received from IMO to drive MMP token price itself.
And as discussed, we see a lot of potential in our product launchpad from our business evaluation standard, the real-world expertise of our team, and the system where we redistribute income from IMO to MMP.
We're in quite good standing on all metrics when we compare ourselves with the launchpad that has come before us.
Last question for this segment before we take our Live Quiz and Live Questions.
Q3. What are the special privileges awarded to MMP holders during the spread of COVID-19?
Telegram Username: @Dhir007
We actually acquire some quota to distribute the COVID-19 Rapid antigen test which is obviously hard to find in this situation
Unfortunately, distribution is only limited to Thailand as of now
It's time to hear from our audience.
Before we take the live community questions, let's take two quiz questions from this session with MMP.
I will post the question, then open up the group for the community to answer.
First to answer correctly wins 🎉
Q1. What is the name of the guest from Moon Maker Protocol and what is the full meaning of IMO as defined by the guest?
IMO meaning Initial Moon Offering
Q2. What is the correct website for the Moon Maker Protocol and what is the date of the IMO?
IMO starts tomorrow
It's now time for the guest to pick live questions to answer 🎉
How many questions do I have?
Please answer four project-related questions about Moon Maker Protocol after the group is muted.
---Chat was then opened for the live community to send in their questions---
Segment 4 - Live Questions
Please go-ahead to answer the questions.
Alright! Thank you for the question, everyone!
Let me start with the first question
What is the biggest focus for your project at the moment and What are your plans for the nearest year in terms of marketing and business development?
I think this is a great question
The biggest focus of our project is on IMO. The value of MMP tokens will obviously grow from more successful IMO projects seeing that they need to purchase MMP to provide liquidity for their pool.
All investors need MMP/wMMP and mmUSD to buy IMOs.
Part of the income we receive from successful fundraising (like every launchpad we take % from every new IMO) and used to drive MMP tokens as well.
How transparent is this project and to what extent are the investors and community important to you, so do you have any plan to incentivize the community and investors?
We communicate every progress to our communities and actively listen to them for feedback.
In fact, you can join our community here
Join MMP inner circle
🇹🇭 Fanclub Facebook Group https://bit.ly/mmpfbgroup
How can investors and community members get the most out of the moon maker project?
What is the potential of this project?
You can learn all MMP have to offer here https://www.facebook.com/moonmakerprotocol/photos/a.109733761283064/125920539664386/
There is a lot of potential with this project
As you can see, we have a clear money-making model: how we make money via launchpad service and how we distribute our profit back to our holders
With this model, I'm confident that MMP value will grow over time as we launch more projects.
So holding MMP would definitely yield benefits
and rights to buy IMO
Where holders can speculate price or be an early investor in a good project too
Form your introduction, you said "We want to empower small and medium businesses, especially tech entrepreneurs, by giving them easier and fairer access to the funding they need to grow the competitiveness of their businesses", this is nice, but my question is this, WHAT'S IN FOR YOU AND THE TEAM??, like how do you profit from this, because obviously, this is not a charity project.
Here is the last question I want to answer to clarify that our staffs have economic incentives to work on this project and we are not a charity
As you can see, we have a strong business model where we earn income from a real-world business.
by providing launchpad service
Our co-founders also hold MMP, which represents "share of MMP as a share of a company"
As the value of MMP as a company grows, the value of the MMP token will grow too.
Another thing to note is MMP only offer 200,000,000 tokens, dev cannot mint any new token
Therefore MMP works like a business in the stock market where we divide the value of a company by the number of shares
The good news is all MMP holders are MMP "Shareholders"
Your net worth will grow as MMP grows too.
We've come to the end of our AMA with Moon Maker Protocol!
Thank you to our guest and thank you to our community for participating!
A big thank you to the rest of the team at Moon Maker Protocol!
Please send our greetings across 😁
Thank you all!
Thank you, I had a great time interviewing you.
It has been a good 2 hours with you guys!
Please share your social media links so our community can keep tabs on yours.
You can stay connected with us here
Keep in touch with MMP
🚀 Facebook : https://www.facebook.com/moonmakerprotocol
🚀 Twitter : https://twitter.com/moonmakerpro
🚀 Instagram : @moonmakerprotocol
🚀 Reddit : r/MoonMakerProtocol
Join MMP inner circle
Thank you, thank you!