What is the DollarMoon (DMOON) Project?
DollarMoon (DMOON) project defines itself as the first value-leading system project in the cryptocurrency world. As a reflective token, the project was designed in a way that encourages long-term investment, for that with every selling transaction the seller is charged with 15% selling fee. 2% of every buy/sell transaction goes to DMOON holders’ wallets in the form of BNB coins.
What Influences the DMOON price?
As with any cryptocurrency, DollarMoon’s price is influenced by a wide range of factors, which include DollarMoon’s market cap, supply and demand, and other technical factors.
The Demand for the DMOON token
Like other cryptocurrencies, the price of the Dmoon token is based on its supply and demand. If there is an increased demand for Dmoon, the price will be higher. In the same way, if there are not so many people buying or selling the token at that moment in time, then its price will decrease until the demand goes back up.
Automatic burn
With every purchase 3% of the quantity purchased and 4% of the quantity will be burned. This is very important because, unlike other projects that rely on either automatic or manual burn, the DollarMoon (DMOON) project combines these two burning methods to obtain scarcity and price stability for its digital asset.