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MoonBag (MBAG) is a monkey-themed meme token advertising itself as the “most adorable” meme coin on the block.
Featuring an interesting mascot and a conventional use case, staking, the project has launched as a presale.
Everything, from the mascot’s image to the tokenomics and vision of this project, is very conventional. Can it stand out in the current market full of creative memes and prove a good investment?
What is a MoonBag (MBAG)?
MoonBag’s official whitepaper describes it as a monkey-themed meme coin with an adorable charm.
The project is inspired by a real-life tale of Apollo 17, the last crewed mission to the moon.
Per the project’s whitepaper, the mascot’s “cuteness” has overloaded the devs to repeat history.
The entire backstory has been crafted to inspire investors and equate MoonBag’s goals with the mission to the moon.
This “crypto meets cosmic dream” token states that it aims to financially empower investors by leveraging blockchain technology to change lives.
Blending Liquidity Provision Buyback and Burn to Maintain Stability
MoonBag talks about the lack of sufficient liquidity in the meme coin market, which often leads to drastic price drops when a token launches.
To deal with it, the project proposes providing robust liquidity divided into manageable portions to maintain stability.
After the initial liquidity provision, MoonBag states that it will create a linear path for the token’s value to grow over three to six months using a buyback and burn strategy.
Per the whitepaper, this strategy involves dividing the liquidity into six parts to contribute $3.5 million in liquidity.
MoonBag will contribute $1 million in liquidity on launch day. The remaining $2.5 million will be contributed in five phases, at $500,000 at each step.
After the liquidity is injected completely, the project states that it will implement buyback and burn to help maintain MoonBag’s stability.
If it works as intended, it could help MoonBag leverage the supply-demand approach to grow in value.
However, to sustain it in the long term, it needs a more robust use case; that’s when it talks about staking.
Static Staking Rewards and Exclusive Events
To maintain MoonBag’s viability over the long term, MoonBag devs have implemented a static staking mechanism. The term “static” is used because, unlike other projects that decrease the APY when more tokens are staked, MoonBag claims that it keeps the rewards constant at 88%.
MoonBag also tries to “sweeten the pot” by providing additional perks such as exclusive events and airdrops.
MoonBag Price Prediction
Like most presales, MoonBag has a multi-staged structure, motivating investors to invest as early as possible to maximize their gains.
MoonBag has 11 presale stages, and it is in its 6th stage at the time of writing. Currently, the price of one MBAG token is $0.0003. In the last phase, MoonBag’s value will be $0.002.
Multiple articles published on Blockonomi and BlockchainReporter indicate that MoonBag is heavily marketed. These can serve as the fuel to pump the MBAG price once it goes live on exchanges.
However, a deeper analysis of its whitepaper shows that the project lacks interesting long-term perks that can hold the community’s attention for a long time. These factors can contribute to the MoonBag price retracing after the initial pump.
Therefore, those interested in MoonBag should also consider diversifying their investments and choosing other assets, such as BTC and ETH.
Pepe Unchained Could Be a Better Alternative to MoonBag
The whitepaper portrays MoonBag as a conventional meme coin. While it may hold some value as a presale token, considering it has 11 stages, the lack of use cases doesn’t make it stand out as a long-term asset.
Pepe Unchained, on the other hand, is a utility-focused meme coin. Sporting its own L2 chain, this project takes inspiration from Pepe but paves the way for more innovation through its inclusive tokenomics, robust architecture, and reachable milestones.
With a layer 2 blockchain, Pepe Unchained has access to many benefits, including higher staking rewards (currently over 1,000% during the presale), faster speeds, and lower transaction speeds.
Furthermore, Pepe Unchained is arguably the first meme coin with its own blockchain, which makes it more utility-centric than nearly all other meme tokens on the market.
This meme coin-centric chain could attract developers to help develop community-centric applications or games within the Pepe Unchained ecosystem.
Recently, 99Bitcoins, a crypto YouTube channel with 706,000 subscribers, made a video about this token, stating that it is a good Pepe coin alternative and could be the next 10x crypto on the market.
“It’s PEPE inspired and could be a good Pepe alternative that captures a lot of the audience from that meme coin’s community,” the channel’s analyst stated.
Available as a presale, Pepe Unchained (PEPU) has raised more than $1.6 million so far. Those interested should visit pepeunchained.com to participate.
It is also recommended that investors follow Pepe Unchained’s social media links to stay up to date:
Twitter
Telegram
*Cryptonomist did not write the article or test the platform.