muskswap review

Muskswap Review: How To Buy Muskswap Coin

Muskswap has been the talk of the town in the cryptocurrency community.

Musk coin is the latest viral cryptocurrency that has drawn the attention of crypto enthusiasts owing to the purpose the token was created, showing the fans’ love to Elon Musk and his projects including Tesla, SpaceX, and SolarCity influence of the Muskswap ecosystem.

In this article, I will give you insight into the overview of the Muskswap ecosystem, its token (Musk coin), and how to buy Musk coin.

Muskswap Review

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Muskswap is a Defi platform built on Binance Smart Chain, inheriting values and strengths as well as removing the drawbacks from the other Defi projects like Uniswap, Sushiswap, 1inch,
Pancakeswap, etc, the platform is believed to become one of the most notorious projects in the DeFi world.

As can be seen, “decentralization” is the future of cryptocurrency. It secures personal ownership and anonymity in transactions and contributes to making a closed ecosystem for cryptocurrencies, which are full of shortcomings in the current platforms.

With that concept, the core team creates an ecosystem including MuskSwap, Farming & Staking with various benefits.

The protocol that MuskSwap uses is BSC (Binance Smart Chain), which is the most modern protocol which can magically boost the speed of transactions and, at the same time, the other features are extremely versatile.

Moreover, BSC transaction cost is much cheaper than another popular protocol i.e Ethereum network. The ecosystem also includes $MUSK,$SPACEX, $TESLA, $STARLINK, the symbols of which show the most famous super projects of Elon Musk.

Musk Coin

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MUSK coin is the utility of Muskswap ecosystem that was developed on Binance smarchain blockchain, Musk coin was created to form a community that supports the billionaires as well as famous people and their businesses who participate in the cryptocurrency market, especially Elon Musk – one of the most influential technology billionaires in the world’s financial and cryptocurrency markets.

Advantages Of Muskswap

According to their whitepaper, Muskswap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.

Those pools are filled with other users’ funds which were deposited into the pool while receiving liquidity provider (or LP) tokens in return. They can use
those tokens to reclaim their share, plus a portion of the trading fees.

However, different ways to profit from the Muskswap ecosystem are:

  • Farming/Staking

To farm MUSK, you need to first add liquidity to the exchange and get LP tokens. Then, you stake LP tokens & earn MUSK which its APY is 100%-500% and you can swap MUSK to other cryptocurrencies or hold to earn compound interest.

25% of the farmed tokens will be paid instantly, while the remaining 75% will be locked for 1 year.

  • Lottery

Lottery function is like a minigame per day, and how to join is very simple. You can use Muskcoin to buy 4 numbers, and you will get prizes if you have 2,3, or 4 numbers matching with the results.

  • Lending & Borrowing

The investors and lenders issue a loan or deposit fiat for interest through a distributed system and a decentralized application. On the other hand, an individual or business borrows money for interest. Both lending and borrowing make use of smart contracts.

Musk Token Sale

Musk token has a total supply of 1,000,000,000,000,000 Musk with which the 25% that is allocated to the presale will be locked until the end of the Token sale (31 Dec, 2021), the presale prices and amount was as follows:

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  • PRE-SALE 1:

01 Aug 2021 – 31 Aug 2021
Amount: 50,000,000,000,000 MUSK
Unit Price: $0.000000025
Soft cap: 15,000 billion MUSK
Hard cap: 35,000 billion MUSK

  • ROUND 1:

01 Sep 2021 – 30 Sep 2021
Amount: 50,000,000,000,000 MUSK
Unit Price: $0.000000035
Soft cap: 15,000 billion MUSK
Hard cap: 35,000 billion MUSK

  • ROUND 2:

01 Oct 2021 – 31 Oct 2021
Amount: 50,000,000,000,000 MUSK
Unit Price: $0.000000045
Soft cap: 15,000 billion MUSK
Hard cap: 35,000 billion MUSK

  • ROUND 3:

01 Nov 2021 – 30 Nov 2021
Amount: 50,000,000,000,000 MUSK
Unit Price: $0.000000055
Soft cap: 15,000 billion MUSK
Hard cap: 35,000 billion MUSK

  • ROUND 4:

01 Dec 2021 – 31 Dec 2021
Amount: 50,000,000,000,000 MUSK
Unit Price: $0.000000065
Soft cap: 15,000 billion MUSK
Hard cap: 35,000 billion MUSK

How To Buy Musk Token

The best way to buy Musk token is to participate in the IDO (Initial Dex Offering) as the volume of Musk token that would be allocated to you will be cheaper than the current market price, i.e currently,$100 worth of Musk token purchased from the presale is worth over ×20 of the current market price.

To participate in the IDO, buy BUSD and BNB from the popular cryptocurrency exchange Binance, then send the busd and BNB to your Trustwallet BSC address.

BNB is what will cover the gas fee to process your transaction while BUSD is what you will use to buy the Musk token.

After that, copy the link below and paste it into your Trust wallet Dapp browser, approve and buy the Musk token.

However, you can also buy Musk tokens on pancakeswap and XT exchange at the current market price.

Final Verdict

Muskswap ecosystem and its token might become so popular in the DeFi space because of its features and influence in the crypto community.

However, this article is for informational purposes only and shouldn’t be regarded as investment advice

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