Moonjack is a new Defi token on the Binance Smart Chain with the objective of sending their mascot, a flapjack octopus, to the moon by use of an autonomous yield and liquidity generating protocol.
Moonjack’s code implements and builds upon the fee-redistribution features pioneered by Reflect Finance.
Users who hold tokens will automatically receive a portion the fees from a transaction tax on each transfer.
A portion of the fee charged on transactions is stored in the contract and, once a threshold value is met, used to fund PancakeSwap liqudity.
Liquidity-adds are funded by selling half of the tokens collected as fees, pairing the received BNB with the token, and adding it as liquidity to the BNB pair.
The LP tokens received from this process will be permanently locked in the contract.