What happened: MoonFinance is another DeFi project with plagiarized whitepaper, and as always with anonymous team. So far they managed to raise more than 200 ETH and that tells you everything you need to know about current market situation when something like this can raise this amount. Today is the last day of sale, and after that Uniswap trading starts, where even more people might loose the money if they invest in this.
Website
https://moonfi.io/Archive
https://web.archive.org/web/20200918184619/https://moonfi.io/Whitepaper
https://moonfi.io/wp-content/uploads/2020/09/MoonFinance-Whitepaper.pdfOriginal sources:
https://coinmarketexpert.com/guides/staking-everything-you-need-to-know-about-staking-in-2020/ https://cryptonews.com.au/story/defis-hidden-gem-has-market-potential-to-grow-to-valuation-of-compound-and-maker-129778 https://decrypt.co/33279/top-defi-yield-farmers-share-their-secrets-to-a-profitable-harvestDomain Name: MOONFI.IO
Registry Domain ID: D503300001186445968-LRMS
Registrar WHOIS Server: whois.namecheap.com
Registrar URL:
www.namecheap.comUpdated Date: 2020-09-11T13:55:05Z
Creation Date: 2020-09-11T13:54:59Z
Registry Expiry Date: 2021-09-11T13:54:59Z
Parts of their whitepaper have been copied from few different articles:
Moon Finance whitepaper is on the left, while original source is on the right side
Again the same thing, this is from Moon Finance Whitepaper
This is original from an article
https://cryptonews.com.au/story/defis-hidden-gem-has-market-potential-to-grow-to-valuation-of-compound-and-maker-129778
Moon Finance whitepaper
All that content was copied from the article below. Since they were using pieces of that article, I will share it as quote
https://decrypt.co/33279/top-defi-yield-farmers-share-their-secrets-to-a-profitable-harvestDeFi's so-called yield farmers are putting their capital to work to earn yield from protocols such as Compound, Synthetix, Balancer, and Curve. Here are their tips.
Yield farmers are earning as much as 100% APR on popular stablecoins on a good day in the field. On a bad day, losses can be steep, but the potential for big profits has drawn hundreds of millions into DeFi in the past week.
While depositing capital into a smart contract to earn a return is nothing new to DeFi, yield farming has become more attractive in the recent weeks as protocol teams are increasingly incentivizing liquidity providers (LPs) by distributing their native token. That means traders can get the hottest tokens on the block in addition to interest on their deposits.
As it is usually the case in such situations, team is anonymous. What is interesting is the answer they gave on their Telegram group, when they were asked why there is no info about the team. Their answer was "We are an Anon team in case of failure." Fair answer, as one user replied, as we all know how will this end up.
Despite copied content and anonymous team, they somehow managed to raised over 200 ETH and that number keeps increasing as we speak, since today is the last day of sale! This is their presale address
0x74A37ECA87807e12bf3d4d088fb6B6186A630926
tl;dr
If you see MoonFinance on Uniswap or any other exchange, stay away from it!
