When was MOODENG coin issued?

MOODENG coin, the native token of the MOODENG platform, debuted in 2018 through an initial coin offering (ICO) that raised funds for the platform's development.

Dec 05, 2024 at 12:04 pm

When Was MOODENG Coin Issued?

MOODENG, the native token of the MOODENG platform, was first issued in 2018 through an initial coin offering (ICO). The ICO ran from October 1 to November 1, 2018, with the token price set at $0.05 per MOODENG. A total of 100 million MOODENG tokens were issued, with 65% of the tokens sold during the ICO and the remaining 35% retained by the MOODENG team for future development and operations.

What Is MOODENG Coin?

MOODENG coin is an ERC-20 token that serves as the backbone of the MOODENG platform, a decentralized platform for the entertainment industry. The platform aims to bridge the gap between content creators and audiences, providing a transparent and efficient way for creators to monetize their content and for users to access and interact with high-quality entertainment.

The Role of MOODENG Coin in the MOODENG Platform

MOODENG coin plays a crucial role within the MOODENG platform, facilitating various functions and transactions:

• Content Monetization: Content creators can tokenize their work using MOODENG coins, allowing them to crowdfund their projects and earn from their creations.
• Rewards and Incentives: Users are rewarded with MOODENG tokens for contributions to the platform, such as creating and uploading content, watching videos, and participating in community discussions.
• Governance: MOODENG coin holders can participate in the platform's decentralized governance system, where they can vote on proposals and decisions that affect the development and direction of MOODENG.
• Transactions and Payments: MOODENG coin is used as the medium of exchange within the platform for purchasing premium content, unlocking exclusive features, and making other transactions.
• Platform Fees: Platform fees, such as those associated with content distribution and creator tools, are paid using MOODENG coins, ensuring a sustainable operation and growth of the platform.

Benefits of MOODENG Coin

The use of MOODENG coin on the platform offers several advantages:

• Decentralization: MOODENG coin operates on the decentralized blockchain, eliminating the need for intermediaries and providing autonomy to content creators and users.
• Transparency: All transactions involving MOODENG coins are recorded on the public blockchain, ensuring transparency and accountability in the distribution and allocation of funds.
• Global Accessibility: As a cryptocurrency, MOODENG coin can be easily transferred across borders, enabling wider participation from both content creators and users worldwide.
• Community Governance: The decentralized governance model empowers MOODENG coin holders to shape the future of the platform, ensuring that it meets the needs and desires of its community.
• Value Appreciation: The value of MOODENG coin is backed by the growth and success of the MOODENG platform, offering potential for appreciation as the platform gains traction and wider adoption.