Fees and Rewards
Fees are a big issue when using a DeFi platform like Money on Chain. Network commissions and platform commissions must be considered.
Last updated
Fees are a big issue when using a DeFi platform like Money on Chain. Network commissions and platform commissions must be considered.
Last updated
Every transaction that takes place on a blockchain requires the payment of fees. In the case of Rootstock, as in Ethereum and other EVM-compatible networks, gas is paid.
The gas spent on a transaction depends on the transaction, but what is configurable to enter or not in the next block is the Gas Price.
The Gas Price can be selected (usually Fast or Normal) or edited in the wallet.
Every transaction in the Money on Chain (mint/redeem DoC and BPro) pays:
0.25% fee when paid with MOC
0.3% fee when paid with rBTC.
Those fees go:
50% to , to continue developing and maintaining of Money On Chain protocol and increase their adoption through outreach and community building efforts.
50% go to:
20% to BPro
80% to MoC holders staking their MOC
BPro pays annually 1% of its value to the MoC protocol. It is deducted on a weekly basis, being approximately 0.01962% per week.
Those fees go:
50% to mimLABS
50% go to MoC holders staking their MOC
Holders staking their MoC tokens receive the fees mentioned above from the MOC Stablecoin Protocol, and 100% of the fees paid by users in the TEX.
There are two programs: MoC Liquidity Mining and MoC Staking Rewards.
These programs will have 78,750,000 MoC tokens to be distributed, which is the 37.5% of a total of 210 million MoC tokens to be minted.
More information about the rewards program can be found in this blog post: