# Founder Presale: MOONTIX ## Overview The Mooncake project generated its initial liquidity by selling a special token called a $MOONTIX. Holding a $MOONTIX entitled the holder's wallet to 11,000 Mooncakes at launch, plus an ongoing reflect of 0.0006% reflect of every transaction. Today, holding a BSC $MOONTIX entitles the holding wallet to not only the regular reflect airdrops, but also early access to projects and bonuses across Mooncake's new chain launches & outside partnerships. While there were 500 distinct $MOONTIX sold, they became a hot commodity with many aftermarket trades as people realized their value. ## Valuation ### MOONTIX Breakeven Given that the 2% reflect is shared among 111,111,111 🥮 while the 0.3% Founder Reflect is shared among 500 MOONTIX, each MOONTIX gives the same amount of reflects as 33,333.3333 🥮. In an efficient market, one would assume that this would be the approx worth of a MOONTIX in terms of 🥮 tokens. However, this value does not take into consideration various factors such as liquidity discount, rarity premium, access into the Founder Forum, future airdrop value, etc. ### Original Moontix Token Pricing Assuming US$350 per $BNB, valuation is as follows: * Initial Listing Price: $0.00084 * Founder Presale Price (ascribing 0 value to MOONTIX): $0.03182 * Presale price is \~37.9x of listing price * Adjusted Founder Presale Price (assuming MOONTIX = 33,333.3333 🥮): $0.007895 * Adjusted presale price is \~9.4x of listing price However, one must take into consideration that the initial listing liquidity on PCS is only $70,000, which is extremely thin and takes minimal trading volume to initiate significant price action. In addition, one must also take into consideration the Mooncake Oven TVL, which serves as a proxy value for the tokens as well as a form of soft collateralization. With the circulating supply being 50% of the total supply (55,555,555.5) being linked to the Oven TVL, we have: * Initial Oven TVL: $140,000 * TVL per circulating token: $0.00252 * Presale price of $0.03182 is \~12.6x of TVL per token * Adjusted presale price of $0.007895 is \~3.1x of TVL per token --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://mooncake-1.gitbook.io/timeline/presale.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.