ONEMOON

ONEMOON is the first deflationary token on the Harmony ONE Network. Made by the developers of MochiSwap, ONEMOON is the first HRC20 token of its kind on the Harmony Network which is faster, cheaper, and easier to use than Binance Smart Chain (BSC) or Ethereum. Released on 04/7 9/2027, ONEMOON has already shown it has tremendous growth potential. While similar BSC and ETH tokens compete for shelfspace, ONEMOON is in a shop of its own; there are no other products like it.

ONEMOON is the first deflationary, passive yield generation token on the network. At inception, the core premise of ONEMOON was create a frictionless static yield generation asset that offers stakeholders a new type of passive rewards which does not require the asset to be staked, or used to provide liquidity. To partake in DeFi yields all you have to do is hold ONEMOON.

There is an abundance of new users entering blockchain and DeFi. The popular yield generation methods, such as farming, providing liquidity or various other staking methods, are complex topics and can feel cumbersome to new users. This friction can slow down mass adoption of decentralized financial systems, which are meant to empower all types of users, all around the world, not just the most technically proficient in leading economies. There is nothing more convenient or simple than passively holding a DeFi asset and receiving rewards that just "appear" in your wallet.

ONEMOON is a DeFi asset which uses a novel mix of deflation and passive rewards in an attempt to ease this adoption curve. Alongside with this primary goal, ONEMOON incorporates many other battle-tested traits of popular defi assets, not the least of which is the programmatic creation of Locked Liquidity. This, along with an aggressive and consistent supply burn, creates the effect of a "rising price floor" as the volume of ONE/ONEMOON locked liquidity increases.

By simply holding ONEMOON, users are able to gain exposure to the high growth DeFi sector without all the bottlenecks that are typically encountered with various other permissionless DeFi offerings.

This diagram provides an example of the "separation axiom" that is employed during each transaction from Onemoon.

ONEMOON incorporates the following fee and burn schedule:

• 5% of TX fees go to existing holders of ONEMOON as rewards.
• 1.5% of TX fees are used to create permanently locked liquidity between ONEMOON-ONE
• 1.5% is delegated to the ONEMOON DAO fund.
• 2% is used to permanently burn ONEMOON, thus lowering the max supply and increasing scarcity.

ONEMOON employs a mechanism called a "reflection" that distributes rewards to stakeholders in realtime, and with zero fees. This is achieved by effectively "rebasing" on every transaction and computing balances in realtime while viewing or entering into state-changing functions. This unique functionality allows ONEMOON to have frictionless utility and generate passive yields for its stakeholders.

When tokens are burned through transaction fees, they are automatically sent to a burn wallet that no one can ever access because it was created without private keys, making the tokens forever inaccessible and permanently removed from supply.

2% of every ONEMOON transaction (buys, sells and transfers) are burned, thus reducing the supply of ONEMOON tokens and increasing their value.

The ability to collect and retain liquidity is one of the biggest challenges for any DeFi asset or platform. In a vast majority of DeFi systems, users must provide liquidity by creating or adding to token pairs in liquidity pools. A commonly misunderstood trait of these systems is something called "impermanent loss" which can be explained as a temporary decrease in balance of one-side of the provided LP pair for the liquidity provider in an attempt to maintain a constant product (as described in the "constant product model" x * y = k). For the average or new user this entire process can seem murky and lead to a perceived loss of value, and as such, may deter some users from interacting with the protocol.

In conclusion, DeFi projects using liquidity pools require multiple steps by the holders and are often confusing for newcomers and tend to lead to erroneous decisions.

ONEMOON solves this problem by avoiding farming all together, as well as automatically locking a percentage of transaction fees into "locked liquidity" of ONE/ONEMOON LP. This leads to a far safer and trustable economic base as stakeholders can count on available liquidity being present as the liquidity can indeed not be removed, but must be accessed only through swaps.

ONEMOON exists to provide a borderless, permissionless, decentralized and accessible digital asset with unparalelled resiliency and a rising price floor supported by a consistently increasing pool of locked liquidity. These traits and goals, along with the novel mechanics of passive, feeless rewards distribution via reflection make ONEMOON a prime example of "user friendly" DeFi, as by simply holding the asset any stakeholder can benefit from its unique and powerful properties.