Moongate (MGT)

Moongate is a Web3 platform that aims to eliminate centralized platforms and increase the value exchange between companies and customers. Moongate app provides a new "engage-to-earn" system that encourages active customer engagement by providing brand incentives and a percentage of $MGT emissions.

Moongate allocates 5% of the total supply on the airdrop program, incentivizing users to complete several tasks, and earn points on the website and in Telegram App.

Key features of the project:

• Token distribution platform: With Moongate's no-code platform, companies can launch production-quality smart token campaigns in less than 15 minutes and for under $100. Moongate ensures economic feasibility and practical implementation across a variety of real-world applications. These include initial token distribution, integrated analytics, and retention-focused engagement strategies.
• Moongates Rewards: Marketplace where customers can safely and selectively provide companies with their data in exchange for incentives. Based on user interaction data, brands can freely provide rewards (and post-TGE, $MGT benefits) to users who meet specific requirements.
• MoonPad: An innovative Web3 launchpad that will be released soon,  that focuses on launching brand-issued memecoins on 15 different blockchains. It allows brands to establish different allocation and contribution systems based on various qualifying requirements (i. e. reputation score >100, hold brand NFT, participate in X quests, etc.) 
• MoonPass: By empowering users to control and profit from their attention, Moongate transforms the engagement paradigm. Users' self-custodied wallets manage and register engagement data on the blockchain, revealing a valuable asset many were previously unaware they possessed.

Moongate plans to launch its own Web3 launchpad that specializes in launching memecoins issued by brands, and for now users can apply on the waitlist to gain early access and receive future rewards from partners. 

🤑 The native token of Moon gate is $MGT. The token has several utilities including acting as a main current for purchasing attention assets, providing users with Premium-creator rights and MoonPass upgrades, rewarding $MGT stakers, and participating in the platform governance votings.

Moongate currently has a public token sale on ApeTerminal, ChainGPT, and Gate.io with a goal of fundraising $1.07M.

The CoinLaunch team analyzed Moongate and identified some pros and cons to consider before participating in the project IDO or Airdrop farming: 

✅ Moongate pros: 

• Active community (over 500k daily active users);
• Confirmed airdrop;
• User-friendly design;
• Public Security Audit from Tier 1 company;
• Low Initial Market Cup ($2.47M);
• Outstanding Growth Marketing;
• Good SMM and PR performance;
• Above the average Marketing Infrastructure;
• Reputable Tier 1 partners (Binance Web3 and Avalanche);
• Wide network of partners (more than 28);
• High number of AMA sessions and participation in offline conferences.

📛 Moongate cons: 

• High Token Inflation Rate (about 32% of the total supply will be unlocked within the first year after launch);
• The drawn vesting graph presented by the team on ChainGPT  does not correctly represent an actual token unlocks schedule; 
• Relatively low raise ($4.17M);
• Bad SEO;
• Weak Influencer Marketing Performance;
• The executive team has no working experience at notable crypto companies; 
• Luck of reputable Tier 1 backers.