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Monat Money, also known as Monat Reflection (MONAT), is a decentralized and open-source public protocol built on the Pulsechain network. It is not controlled or owned by any specific administrators or moderators. Monat Money aims to provide a rewarding experience for its holders, as 2% of all buy/sell transactions in MONAT are distributed to Monat Reflections (MRS) holders. The more MRS tokens held, the greater the share of reflections received. Additionally, a 1% tax is taken from each transaction and sent to the burn address, gradually decreasing the circulating supply.
Regarding functionality, Monat Reflections (MRS) holders receive MONAT reflections, incentivizing holders to increase their volume and reduce the circulating supply. The Monat Reflections token is designed to enhance the value and sustainability of the MONAT token by generating continuous demand. The protocol also implements a tax mechanism, with a 3% fee for every MRS buy/sell transaction. This fee is used to purchase MONAT and distribute it to all token holders, thereby supporting the market value of MONAT and adding buying pressure.
The Monat Money protocol ensures transparency and security with a locked liquidity pool for 120 days, which can be extended if required. This lock prevents any manipulation or unauthorized access to the liquidity. The project has a roadmap, with plans including the launch of the MRS token, community building, market listings, the introduction of a decentralized application (Dapp), and NFT launches. Monat Money aims to create a sustainable and valuable ecosystem for its users, constantly striving to meet the needs and expectations of its community.
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