FAQs
Up to date as of 6th September 2024
Last updated
Up to date as of 6th September 2024
Last updated
Yes, Moonbags is safe to use - our team has run several independent internal audits to ensure any code is not malicious. Furthermore, if you wish to audit the code yourself, it is publicly available on our Github Repository. Additionally, for user confidence, our entire team is publicly doxxed (see " Who is the team behind Moonbags") via our website, LinkedIn and pinksale finance. Lastly, we have a strong community of 2,500+ users via SolPod (incubator of Moonbags) that have been active since its inception 6 months ago (April 2024) - i.e. social proof.
Moonbags.App frees up user's SOL by allowing them to instantly swap and/or burn all tokens below a threshold value - returning the maximal value of those tokens as $SOL This is similar to sol incinerator and claimyoursol, but rather than only offering reclaiming your sol via burn/rent reclaim methods, Moonbags also additionally allows you to batch-sell multiple tokens in one go, thereby extracting maximal value from your unwanted tokens. e.g. if you had a portfolio of 10K $MICHI, 20K $RETARDIO and 100K $AURA, burning would only return 0.002 SOL x 3 = 0.006 $SOL. Moonbags would instead be able to batch-sell them and return their true market value of: 8.40 SOL+ 5.24 SOL + 4.22 SOL = 17.86 $SOL
Once you have selected the threshold value, for all tokens that fall under the threshold value, Moonbags will:
Sell any tokens > 0.006 $SOL in value
Burn any tokens < 0.006 $SOL in value
Close any elligible token accounts to reclaim the 0.002 SOL rent fee
-> it then returns the users the combined $SOL extracted from these 3 processes.
Selling: tokens are sold at market value. This is akin to manually swapping on jupiter or raydium, but Moonbags batch-sells in one go saving time.
Burning: any accounts on Solana require a small storage feeof 0.002 to open them, known as "rent". By burning a token, we can close this account and reclaim the rent.
You can get a referral link/code via our website or our TG bot (@moonbags_bot).
Your Referral link/code will be linked to whichever wallet you were connected with when you signed up. This will be the same wallet that payouts will be sent to.
You will earn 20% of any revenue generated via ppl using your ref link/code when using Moonbags.App.
In our test run we found that a wallet containing 400-500 dead tokens tokens returned ~$132 via moonbags, whilst it return only ~$21 via sol incinerator (burn based). Depending on how many tokens are able to be swapped instead of burnt, Moonbags.App returns severl-fold more value than current burn-based methods such as sol incinerator, claimyoursol or sol wallet cleaner.
The team behind Moonbags is fully doxxed:
Elian Rosswag - Innovation & Partnerships: LinkedIn | Telegram Sam Mosapor - Operations & Product Design: LinkedIn | Telegram Reza Dehghani - Development & Strategy: LinkedIn | Telegram Ty Tompkins - Creative & Branding: LinkedIn | Telegram TokenPromoters.com - Official Partner: Website | Telegram Updooter.com - Official Partner: Website | Telegram
Moonbags can be purchased via DEXs such as Jupiter & Raydium. See our step-by-step video guide. Whenever purchasing $MBAGS ensure it has the following CA: C5RgVe6aKgEjyLGpZKPgZFEqdBEpUvWBqTrv7SMAYVtN
1) 30% service fee reduction 2) Buyback & Burn: 17% of the service fee is used for $MBAGS buyback + burn, thereby causing positive price action every time a user uses moonbags, rewarding long-term holders. The more users, the higher the price appreciation pressure!