Coin Circle News Report:
Moonshot, the little Binance of the Memecoin world, offers both fast trading and asset management.
By Ai Yi
The emerging meme trendsetter? The little Binance of the Memecoin world? A meme trading platform that even grandparents at the market can learn?
What exactly is this “Moonshot” that has been frequently mentioned in tweets since October?
This Moonshot is not the meme launch platform launched by DEXScreener, but a meme trading app that was launched in July this year and incubated by the Pump.fun incubation team Alliance DAO.
It was recommended by well-known KOL Murad shortly after its launch and caught the attention of the public by participating in the $MOODENG and $GOAT campaigns, developing rapidly as a result.
Introduction to Moonshot’s features
What can Moonshot do? The metaphor of “the little Binance of the Memecoin world” may be quite appropriate in terms of its business model, as it offers both fast trading and asset management.
The key features are summarized as follows:
Most importantly, convenient deposits and withdrawals, supporting direct purchase of coins with credit cards;
Simple operation, making buying memes as easy as buying lottery tickets;
Strong team operating capabilities, able to keenly capture hotspots and list tokens.
Fee structure
Trading fees
For transactions below $1 to $250, a 2.5% transaction fee is charged, with a minimum fee of $0.3; for transactions above $250, a 1% transaction fee is charged.
Deposit and withdrawal fees
Moonshot cooperates with Moonpay and follows their fee standards, as shown in the figure below:
Has Moonshot created the “listing effect”?
Read @OdailyChina’s analysis for a conclusion: the listing effect is evident within 5 minutes of the announcement, but starts to differentiate after 1 hour, and the short- to medium-term price increase is unrelated to Moonshot.
This conclusion is also expected, as only when retail investors participate in the context of small market capitalization and poor liquidity of Memecoins can they help drive the rapid rise of tokens. In the mid- to late stages, the lifecycle of tokens will be influenced by factors such as institutions, narratives, whales, and the market, which cannot be single-handedly changed by a new trading platform.
Related data
According to the Dune panel, the peak daily fee income of Moonshot since September was $32,978, with a maximum of 4,856 daily trading users. The trading volume has not been disclosed.
The listing process is entirely selected and executed by the team, and while the platform has not announced the criteria, it has stated that “only tokens with a 24-hour trading volume of $1 million will be considered.”
Summary
At this stage, Moonshot is still mainly popular among overseas users. Ai Yi found it quite convenient, but it is more suitable for laid-back meme players. For alpha hunters and PVP experts, Moonshot’s listing speed is not enough, and it lacks complex functions such as sniping, placing orders, and address analysis.
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Moonshot Trading Platform A New Trend Indicator for Memes in Just 5 Minutes
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