What is moonwolf.io/ WOLF?
An introduction to the wolfpack, NFTs and fighting hyperinflation
💬 TLDR; moonwolf.io is a decentralized collective, delivering the first deflationary token on Matic Polygon with no gas fees WOLF, dropping awesome NFTs once a month on full moons and the genesis drop is tonight
🐺A few lone wolves started the pack
Right now we are witnessing a big shift in many parts of our daily life and overall conception of the world we are living in. Covid is testing the limits for us as a society and our economic systems. Governments being forced to announce one lockdown after another in Europe and all over the world, we are looking right in the eye of an economic crisis. The Federal Reserve and European Central Bank are printing money at a scale we have never seen before. No surprise Bitcoin is breaking its all-time-high on a regular basis and crypto space as a whole is getting a lot more attention as people are looking for a way to put their money in a trustworthy system unlike the current fiat system. Besides that NFTs are being incredibly hyped to boost cryptomania even more. There are many places like clubhouse that act like a creative melting pot for like minded people. The internet is bringing individuals from whole different genres together to let magic happen. This is how the idea for WOLF was brought to life. In this melting pot the core wolfpack was born and decided to create something special. Basis of the idea is the Pack, so if you are invested, this is also about you. You are the basis of this whole project. By adding the WOLF token and a NFT series we are building a strong foundation to reach the moon, together, as a pack! As we already stated, the pack is the foundation and it is about everybody contributing their individual strengths to create a bond that can move mountains. We are using several channels of communication to communicate with pack members all over the world and to keep growing. The best idea is worth nothing if you have no helping hands to make it come true.
💜The first deflationary Token on Matic Polygon
There is a vast amount of tokens out there with a variety of functions, ideas and plans on several blockchains. One specific phenomenon getting a lot of traction at the moment are deflationary tokens. Fiat as an inflationary system right now is showing its teeth in an economical crisis, so the counter idea of a deflationary system is very attractive. There are tokens with unlimited supply and they may suffer the same weaknesses as fiat money, so there is the need for a complementary system such as WOLF.
There are other deflationary tokens, such as Reflect, Hoge or Safemoon, who have distributed the maximum supply of tokens right from the start and started burning tokens beginning with the first transaction. This is leading to a decreasing supply, increasing the scarcity of the token. This leads to increasing the value of each token, which is a big benefit for everyone holding the tokens over time.
WOLF is following this idea and adding autostaking to reward every WOLF hodler just for holding the tokens. Autostaking, also known as farming or DeFI 2.0 doesn ́t need any other actions than simply holding the token and avoiding impermanent loss risk alongside as additional upside.
🔥WOLF Token and how it works
In the smartcontract of the WOLF token it is implemented to take 2% of every transaction. 1% is burned and sent beyond right into a dark hole beyond the moon. The other 1% is distributed evenly among the holders of WOLF token. This smart mechanism doesn ́t create any fees at all, which makes WOLF outstanding.
Due to how proof of work consensus works, DeFi 1.0 can get extremely expensive. For those with strong nerves: Take a look at fees. Wtf to see the gas fees and the big chunk of profit that is being taken from the holders. This is why WOLF won’t run on Ethereum Layer 1 , but on Polygon (Matic), a Ethereum Layer 2 sidechain solution. Polygon (Matic) is 100% EVM (Ethereum Virtual Machine) compatible and there ́s even a bridge for transferring assets. The difference is, with Polygon (Matic) there are no additional gas fees of 50 USD and more, just 0,000002 USD instead with a similar structured smart contract. This makes Polygon (Matic) and alongside WOLF way more attractive to invest, even for those who are not rolling the big dice.
🎨WOLF NFT full moon genesis drop
Ever heard about Crypto Kitties? No? You have to be living under the rock and really need to catch up if you want to get in front of the herd. Since you are reading this, you seem to be improving, congratulations! Crypto Kitties really kicked off the NFT hype in the crypto space and with Beeple selling crypto-art at Christies, one of the most famous auction houses known, NFT has gotten attention even outside the crypto bubble. This rapidly growing industry is giving hope to many suffering artists that have lost their most profitable source of income during covid. But even without covid, NFT is offering a solution to empower artists to gain back the full potential of their art as NFT is lacking the need of a middleman as in traditional markets. Just like DeFi, NFT is giving power back to the people and value to their art.
This is why, adding to the first deflationary token on Polygon (Matic) with near to zero fees, the WOLF pack’s ecosystem to the NFT space as well. As some of you know, it ́s in the nature of wolves to have a special relationship to fullmoon, which is why we are planning to drop our first very own NFT series, the Genesis Drop, that will be distributed this Sunday, celebrating full moon with all our fellow pack members all over the world!
🌕Have a great full moon tonight
We are an open collective, join the wolfpack and follow us on social media through the links on our official site:
