# FAQ

## Moonshot is now [Moonit](https://moon.it/) - please refer to the [Moonit FAQ here](https://docs.moon.it/#faq)

##

### Fair Launch

* No pre-sale, no insiders, max 1B supply
* Ownership renounced, immutable
* Fully audited smart contracts
* Buy and sell at any time
* Multi-chain - available on Solana & EVMs (Abstract, Base & Berachain)

## Wen Moon?&#x20;

💪 Once market cap reaches 432 SOL or 25 ETH / 10K BERA (for Abstract & Base / Berachain), all remaining tokens and liquidity migrate to Meteora, Raydium, or Uniswap

🤑 AirLock - migrate to Meteora & top holders **EARN** LP rewards with daily airdrops

🔒 All liquidity is locked forever

🚀 Free Enhanced Token Info gives all Moonshot tokens the best chance to trend on DEX Screener!

## Fees

Moonshot charges a flat fee of 1% on buy and sell orders, which is charged as a taker fee in SOL. A 2 SOL fee or 0.1 ETH / 45 BERA is charged on migration.&#x20;

## Does Moonshot have a token themselves?&#x20;

No, Neither Moonshot, DEX Screener nor Helio has official tokens.&#x20;

## Migration&#x20;

Once 80% of the 1B token supply is sold on the Mooonshot [bonding curve](https://docs.moonshot.cc/developers/bonding-curve-solana), the market cap reaches 432 SOL or 25 ETH and all remaining tokens & collateral migrate to either Meteora, Raydium or Uniswap (as set by the creator at launch).\
\
Approximately \~88 SOL or \~4.9 ETH of collateral is collected on the curve. For Raydium migrations, 1.3 SOL is used to create the pool and Open Book Market fees, for Meteora 1 SOL is used to create the pool and various associated accounts for AirLock. In case of Base, \~0.05 ETH is used to create the pool on Uniswap.

## Dev Migration bonus (Raydium)

The dev wallet receives 2 SOL when her token successfully migrates to Raydium.

## What's AirLock?

**Why dump your bags when you can earn lifetime rewards instead? 🌙☄️**&#x20;

When a token successfully migrates to Meteora, **we lock the LP tokens forever and AIRDROP the LP rewards every 24 hours** to your current Top 50 holders.

**TLDR:**\
\
🌙 Rewards are auto-claimed & AIRDROPPED

🌙 Track [airlock.sol](https://solscan.io/account/2S2e3rJwhjUEJqinGwV6RmGhVAKJXXkNpFsmhKmpcPH1) to see rewards distribution. SOL is airdropped & tokens are burnt

{% hint style="info" %}
Tokens that bonded to Meteora after 2 April use the Moonit LP reward mechanism and all rewards go to the creator wallet. Learn [more](https://docs.moon.it/#dex-support).&#x20;
{% endhint %}

## I'm a top holder, how much do I receive from Airlock.sol

We snapshot the current top 50 holders just before each airdrop. These top holders share 90% of the rewards. In the example below, wallet starting with 58u.. holds 11.55% of the total supply which means she'll be eligible for 11.55% x 90% = 10.39% of the rewards. The creator wallet EBsc... is eligible for 9.7% x 90% = 8.73%.&#x20;

For a token with $1M in day-1 trading, the first airdrop will pay out around $40k in rewards. Meteora fees are stored in the pool and therefore are subject to impermanent losses if the price of the token drops.&#x20;

<figure><img src="https://93067809-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FGKxOGvLv3tbyFIWVOFQm%2Fuploads%2FAH6N9eAJC7GVmucsxJVO%2FScreenshot%202024-08-12%20at%2016.31.59.png?alt=media&#x26;token=b68e735a-2b43-4e77-9de1-b5c1634aca97" alt=""><figcaption><p>You can view the top holders tab on Moonshot </p></figcaption></figure>

## Slippage&#x20;

The difference between a trade's expected and actual price during high volatility. The default is set at 10%; you can change it anytime. You’re always prompted to sign the transactions, and the correct amounts are simulated in your wallet.

## How do you calculate Market Cap?

Total supply (e.g. 1Bn token) multiplied by  the price. &#x20;

## Is there a minimum buy amount?

Yes, the minimum buy amount is 0.005 SOL on Solana to avoid spamming and chain congestion. On Base it's 0.001 ETH.

## Is there a minimum sell amount?

The minimum sell equivalent is 0.001 SOL on Solana, and 0.001 ETH on Base. If your dust is worth less than that, you can’t sell, and you will see a message under the SELL button indicating this. You can always purchase more tokens and sell over 0.001 SOL / ETH equivalent.

## Why did my transaction fail

There are a few possible reasons why transactions might fail

* Trade exceeds your slippage tolerance. Try increasing it
* Network congestion. Increase the priority fees in settings
* Check the minimum amount you're buying/selling

## How long does the migration take?

It is typically 30 seconds, but it can take up to 2 minutes to completely migrate. While the migration is happening, trading on Moonshot is paused.

## Is Moonshot Audited

Yes, by Ackee Blockchain. See reports below:

{% embed url="<https://drive.google.com/file/d/1OKHOhjCdeLCqdf938wV4cUvlr88yDa8d/view?usp=sharing>" %}


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