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MoonBoys Finance to Aurum: What does this change entail for AUR holders?

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Last year’s DeFi boom gave rise to a spectrum of emerging trends in the crypto space. Among the most prominent ones is the deflationary token trend that comes with an opportunity for exponential rewards for its investors.

Capitalizing on this trend emerged another prominent project called MoonBoys Finance. For all of you crypto nerds out there, MoonBoys Finance ($MBS) must be quite a familiar name.

The project reached a market cap of over $80M at peak and garnered a record-breaking 11200+ holders in the first seven days. 

While all these successes gave the project the much-needed boost, the team wanted to bring more benefits to their community and to the world. They wanted to bring unique use cases to the crypto space.

To achieve this, they laid the cornerstones for Aurum ($AUR). The Latin name for Gold, Aurum, is a reimagined version of MoonBoys Finance as we knew it.

Aurum has revamped its tokenomics and brought forward a never-seen-before reward system. 

Here’s taking a look at the new tokenomics and what it has in store for investors. 

A Reward System Like Never Before

In April 2021, MoonBoys followed in the footsteps of Safemoon, with the classic redistribution model. Here, each transaction on the network was charged a certain percentage of the transaction amount, and the token was redistributed to the holders.

Yet, Aurum takes redistribution a step further- by offering holders automatic rewards in any BEP-20 token of their choice.

The redistribution rewards from all these transactions are sent directly and seamlessly to the users’ wallets.

This means that holders can look beyond Aurum and choose any popular BEP-20 listed on whitelisted exchanges to be redistributed to their wallets. 

A reward system like this is unique and can be extremely beneficial for holders, eliminating the need to reinvest BNB to get tokens of their choice.

It also gives holders the freedom to easily diversify their portfolios to high-risk low-cap tokens, established market leaders like BTC or ETH (wrapped), or even to stable coins like BUSD. 

The smart contract uses the default rewarded BNB to actually buy the desired reward token which in turn increases buy pressure for the selected token.

This opens up huge potential for Aurum to be utilized as a tool for buying pressure, again breaking the mould of the perceived capability of rewards tokens. 

Revamped Tokenomics

The aforesaid benefits are possible as the new tokenomics incorporates all things that worked from MoonBoys with some upgraded aspects. The total supply of AUR tokens is set at 1 Quadrillion, with over 367 trillion already burned.

Continuing with the $MBS burn legacy, 1% of the total token supply will be burnt when the network hits 50,000 holders. Another 1% of the tokens are burned at 100,000 holders.

In addition to this, 5% tokens are set aside for charitable activities and future developments. 

MBS token holders will receive a 1:1 ratio of MBS to AUR airdropped into their wallets at launch to ensure all previous holders transitioned smoothly to the new project. 

The Aurum Ecosystem 

The benefits of Aurum, however, do not end with the new reward system. To unleash the full potential of the reward tokens, Aurum has an entire ecosystem planned around its native token.

The Aurum Wallet will be the first product to come out of this ecosystem. Due for launch in late 2021, this wallet has features like token charts, in-wallet token swapping, live price tracking, and multi-chain compatibility. 

The wallet will be followed by Aurum Cryptocentric Browser, which, while packing in all the features of the wallet, will have multiple layers of security to protect users from malpractices and malicious dApps.

In early 2022, Aurum also has a full-fledged NFT game launch planned. 

Closing Thoughts

With a rebranded identity and reward system like never before, Aurum opens new possibilities for investors and community members to diversify their investments and earn handsome rewards along the way.

This unique reward system could also attract more investors to the space, cementing the place of reward tokens in the wider crypto framework. 

Disclaimer: This is a paid post and should not be treated as news/advice. 

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.