Mint Moome

Moome implements the IPX Coin Standard, ensuring compliance with industry best practices for token security and functionality. The maximum supply is permanently set at 21 million MOOME tokens. During the smart contract initialization, two key supply control mechanisms — MintCap and BurnCap are established and securely placed in a LockedSupply object. This ensures that Moome tokens can only be minted through the official Moome minting process, strictly governed by the smart contract.

The only way to mint MOOME tokens is through the specific methods defined in the smart contract, preventing unauthorized inflation or external manipulation.

The minting process for MOOME is entirely enforced by the smart contract, ensuring a fully decentralized and transparent mechanism. Users can only mint MOOME tokens by supplying collateral, which is then processed through the predefined steps of the smart contract.

This means there is no alternative way to mint MOOME tokens — every minting transaction must adhere to the smart contract's rules, including the conversion of collateral through public DeX swaps and the allocation of value to the staking pool and buyback pool. This design ensures the integrity of the system, aligning minting with market dynamics and the growth of staked assets and liquidity.

Bearish Market:

• When the market is slow, no new Moome tokens are created. Instead, the system shifts all user transactions to the buyback pool, using tokens already in circulation rather than adding more. This strategy helps avoid flooding the market during periods of low demand, keeping the price stable and maintaining the health of the ecosystem.

Bullish Market:

• New Moome tokens are minted as per the designed algorithm, allowing users to exchange collateral for newly minted tokens.

Collateral Submission:

• To mint MOOME, you provide another meme coin as collateral. Think of it as "depositing" a different meme token into the Moome system.

Moome Rate Determination:

• The smart contract calculates the current exchange rate between MOOME and the provided collateral, by doing A-B-C swap part of the collateral coin (COLLATERAL -> SUI -> MOOME), buying back a small portion of MOOME from the market on each mint.

The Moome staking pool grows during the MOOME minting process:

• Minting MOOME tokens allocates 90% of the supplied value to the staking pool, increasing its liquidity and the value of staked assets backing MOOME. Specifically, 80% of the COLLATERAL and 50% of the SUI obtained from the COLLATERAL → SUI swap are staked. This ensures that the staking pool grows consistently, providing users who later burn MOOME tokens with a larger share of the pool's assets, reinforcing the token's value and stability over time.

• The remaining 10% of the supplied value is used to buy back MOOME tokens from the public buyback pool, adding SUI liquidity to the pool, which remains available for market trading. This dual mechanism increases the value of staked assets while also enhancing liquidity for smoother market activity, ensuring that minting MOOME strengthens both the backing of the token and the market infrastructure for trading.

Issuing MOOME Tokens:

• Based on the amount of collateral you supplied and current MOOME/SUI rate, the system issues an equivalent value of MOOME tokens to your wallet. This is the only point in the smart contract where MOOME tokens are accessed from the LockedSupply. (Highlighted in purple on the diagram below). These tokens are now yours to hold, trade, use or burn (getting back the portion of staking pool you MOOME coins represent).

• The minting algorithm ensures you receive roughly the same amount of MOOME per collateral as you would through a swap on public DeX pools, all while boosting the overall system stakes.

Minting Flow