Moonbags Mechanism
The mechanism behind Moonbags allows us to extract greater value than current alternatives allow. It combines both swap and burn methods to extract the maximal value for any token in your wallet.
Last updated
The mechanism behind Moonbags allows us to extract greater value than current alternatives allow. It combines both swap and burn methods to extract the maximal value for any token in your wallet.
Last updated
Using Moonbags to extract value from your unwanted small-value bags is simple. Simply connect your wallet on Phantom or MetaMask, and use a slider to select the token value below which you would like to swap/burn for $SOL.
For example, setting the slider to $15 would extract the $SOL value from all the tokens who's total value is below $15 - automatically choosing burning or selling based on the maximal value extraction. Currently Moonbags is accesible via our dApp on Moonbags.App
After selecting your value threshold, Moonbags scans your wallet to determine what the current market value of each coin is and therefore which route (swapping or burning) would extract the maximum value. Moonbags therefore allows you to extract the maximal $SOL value from any token in your wallet - wether its sellable or not - outperforming all current burn-based options.
Keep in mind the transaction costs are not inclusive of our fees, this include network transaction fees or token transaction fees (if applies). On the user end we do not have the ability to control these factors hence why these are exclusive our own fee.
You would receive your free'd up capital after the service fee is applied (See for how this service fee is distributed in order to maintain a positive and healthy Price Action and benefit holders long term).