With the advancements in the crypto sector, more and more businesses are trying to create a bridge between the world of crypto and traditional products or services.
BoozeMoon is bringing a craft beer experience with a crypto token twist. The company already established a partnership with a craft beer brewery in Central Europe, which partnership will lay the foundation of what the brand represents. The beer would be accompanied by a corresponding token, built on Binance’s Smart Chain (BSC).
BOOZE is an auto-staking and auto-liquidity token with a few interesting offers in exchange for the 5% transaction tax it implies. Auto-staking becomes possible via allocating 1,65% of every transaction towards BOOZE holders, with earnings determined by the number of tokens each user has. The auto-staking feature means that the amount of BOOZE in each wallet would always increase.
An additional two percent of the transaction tax would be put towards a liquidity pool by converting BOOZE to BNB LP tokens, which adds up to the liquidity pool on the BSC-based PancakeSwap decentralized exchange.
The last 1.35% portion of the 5% transaction tax would act as a burning mechanism, which will reduce the one quadrillion initial token supply. Every time users transact BOOZE, the circulating supply would reduce by 1,35% of the transacted amount.
Also, the token is non-mintable, so no more tokens would ever be produced. This means that the token supply will diminish over time, while the token holdings would only increase, driving BOOZE’s price upwards.
And despite looking intimidating at first, one quadrillion tokens turn out to be not so large a number, as 385 trillion BOOZE are set for burning, while the pre-sale round would offer just 250 trillion tokens. 230 trillion additional tokens are reserved for liquidity on PancakeSwap. For advertising purposes, the team behind BoozeMoon allocated 45 trillion BOOZE tokens, while developer funds, as well as marketing and pre-sale expenses, come at around 90 trillion BOOZE tokens.
Currently, BoozeMoon has completed several steps in its roadmap, including a smart contract audit and a new website. In the roadmap, however, there are still some interesting features to be uncovered, including token launch on PancakeSwap and pre-sale launch on DxSale. Other roadmap activities include launching Twitter and Reddit campaigns, as well as applications for a token listing on some of the world’s largest digital asset platforms such as Coingecko and Blockfolio.
The crypto beer is next, with the team having to develop the branding for the beverage. Also, the team prepares community voting, as well as launching its own merch store. In the store, users can buy beer, as well as the first beer-related NFT. Following the roadmap events, BoozeMoon is expected to begin selling beer and other branded beverages via BOOZE tokens by the end of 2021.
The number of holders increases exponentially with a little over 2,400 users being currently token holders. Transactions also increase and are more than 6,600 as of the time of writing.