Monkey Stonk

Monkey Stonk is a cryptocurrency project that has recently introduced an innovative and unique feature called the Automatic Price Protection (APP) Bot. The APP Bot is a hand-coded algorithm that is designed to protect the price of the $MNKY token from sudden market dumps.

One of the biggest concerns that cryptocurrency investors have is the possibility of a sudden market downturn, which can result in a significant drop in the price of their investments. This can be particularly worrisome for investors who have just bought into a project and are yet to see any returns. Monkey Stonk aims to address this issue by introducing the APP Bot, which is capable of buying back and burning $MNKY tokens during a market dump, thereby preventing the price from falling too low.

The way the APP Bot works is simple. During any transaction involving the $MNKY token, 3% of the tax is directed towards funding the APP Bot. This fund is kept in a secured contract that can only be accessed by the APP Bot. In the event of a market dump, the APP Bot will trigger the smart contract to utilize 20% of the fund to buy back $MNKY tokens from the open market. The tokens that are bought back are then burned, which reduces the total supply of $MNKY tokens in circulation. This, in turn, increases the value of each remaining token, pushing the price back up.

The use of a buyback and burn mechanism to protect the price of a cryptocurrency during a market dump is not a new concept. However, what sets Monkey Stonk's APP Bot apart is the fact that it is hand-coded and specifically designed for the $MNKY token. This means that the algorithm is highly optimized and can react quickly to any market changes, thereby ensuring that the price of the $MNKY token is protected at all times.

Furthermore, the use of a secured contract to store the funds used by the APP Bot ensures that the funds are safe and cannot be accessed by any unauthorized parties. This provides an additional layer of security and instills confidence in investors that their funds are being used for the intended purpose.