MoonTaurus, a new cryptocurrency in the memecoin category, has launched its presale on July 24, 2024, raising $100,000 within the first two hours. The project, based in London, England, is structured with a multi-tiered presale system and aims to position itself as a significant player in the cryptocurrency market.

The presale for MoonTaurus (MNTR) tokens is designed with several stages, each offering a limited number of tokens at increasing prices. The initial presale price is set at $0.005 per token, with plans to increase to $0.01 in the second phase. By the end of the presale, the token price is expected to reach $0.07, representing a potential increase of 1300% from the initial offering price.

MoonTaurus has set ambitious goals for its future, with the primary objective of achieving a $1 billion market capitalization. To support this goal, the team behind the project is working on securing listings on decentralized exchanges (DEXs) to expand trading opportunities and maintain a diverse trading ecosystem.

The tokenomics of MoonTaurus includes a fixed total supply of 3 billion MNTR tokens. This cap on the total number of tokens means that no additional tokens will be created beyond this limit. The team has not provided information about the distribution of these tokens or any vesting schedules in the source material.

To boost community engagement and increase visibility, MoonTaurus is conducting a $100,000 giveaway. The contest will award prizes to 10 winners. Participants are required to follow MoonTaurus on social media platforms, join their Telegram or Discord channels, and engage in promotional activities to enter the giveaway.

It's important to note that investing in memecoins can be a volatile activity. The information provided by MoonTaurus is for informational purposes only and does not constitute investment advice or an offer to invest. Potential investors should conduct their own research and consider the risks involved before participating in any cryptocurrency presale or investment.