Protocol FAQ
Do you want to know more about Money On Chain? We present the most relevant points that you should know to understand how the protocol works.
Last updated
Do you want to know more about Money On Chain? We present the most relevant points that you should know to understand how the protocol works.
Last updated
The Money On Chain token ecosystem takes advantage of Bitcoin's volatility by distributing it between two types of Bitcoin users, based on their interests:
The DOC, a Stablecoin for those who want a token that follows the price of the dollar.
The BPRO, a token designed for Bitcoin holders who want to earn passive income and free leverage on Bitcoin.
Decentralization, resistance to censorship, and being free of counterparty risk.
The Money On Chain protocol is Open Source with certain restrictions on commercial use. View - https://github.com/money-on-chain/main-RBTC-contract/blob/master/LICENSE
A stablecoin is a type of cryptocurrency whose price is stable with respect to a specific asset to which it is linked, usually a fiat currency.
One way to maintain the relationship between a stablecoin and the stable asset it accompanies is to use another asset as collateral. Money on Chain has chosen Bitcoin as collateral for the stablecoin, because we understand that Bitcoin is strong currency, the most stable crypto asset, and the only collateral that is truly secure, decentralized, and censorship-resistant.
Money on Chain is based on three tokens:
DOC, a USD price-pegged Stablecoin token.
BPRO, a token designed for BTC hodlers, to earn rent on Bitcoin and gain free leverage.
MOC, a token with which you can participate in governance and obtain a discount on the payment of protocol fees.
The DOC token achieves 1:1 parity with the USD, ceding volatility to the BPRO token, which provides the collateral, thus obtaining a slight leverage with respect to the price of bitcoin.
BPro holders will absorb the volatility from the stablecoins and will sell it to the decentralized bitcoin leveraged operation traders.
BPro is thought to be an asset for Bitcoin holders: instead of freezing their Bitcoin in a wallet, they could put some of their holdings to work to obtain low risk leverage and earn a passive income in return for lending their money to decentralized bitcoin leveraged operation traders.
First, you’ll be able to participate in the governance of the DAO. Second, from the financial standpoint, MOCs can be used to pay fees for trading operations at a lower rate than if fees are paid with rBTC. As a result, we expect the value of the MOC to be appreciated with the use of the platform.
You have to pay a small fee to mint or redeem DOC or BPRO. You can pay with MoC tokens (0.25%) or with rBTC (0.30%).
It is free, once tokens are issued, Money On Chain protocol does not charge for transfers.
No, if you deposit your BPRO on platforms like Sovryn or Tropykus, you are sending them to a smart contract and at the moment, they do not receive the rewards in MOC. Only single addresses holding BPRO receive the Liquidity Mining Program rewards.
Yes, you only need to connect your hardware wallet using rLogin screen.
No, although we would like it to. Current versions of the Bitcoin blockchain, unfortunately, don’t support all the features required to run Money on Chain directly, so we have opted to use a different blockchain.
We use the RSK Network, the only network that provides Turing-complete smart contracts for Bitcoin.
Money on Chain’s architecture is based on a set of smart contracts. These contracts serve several purposes: platform governance, stablecoin, decentralized bitcoin leveraged exchange and a decentralized token exchange.
RSK works as a sidechain of Bitcoin and provides the rBTC, a token that is pegged one-to-one to BTC using a two-way peg wherein the supply of rBTC is limited by the supply of BTC.
RSK is the most secure blockchain after Bitcoin itself. Bitcoin miners also mine for RSK by means of a technique called “merge mining”.
RSK’s own FAQ list is available at: https://www.rsk.co/en/faqs/
Yes. Our platform is designed to run multiple stablecoins that will be collateralized independently from each other.
We will operate our own decentralized token exchange (TEX) and also plan to be listed on exchanges that will also act as secondary markets.
The collateralization is public, so anybody is able to assert the stability of the peg in real time.
The rates will be defined by the market within the platform, but typically they will be smaller than any other traditional exchange.
We comply with all necessary government regulations.
The supply will be limited to 210,000,000 MOC tokens.
The peg is guaranteed by the smart contract, the rules and incentives are aligned so DoC can always be redeemed for the same amount of dollars in rBTC. For more details check our technical .
For a browser experience you can use to access the Money On Chain web-based based application. You can also try or mobile app.
We have a publicly available whitepaper that you can download on the .
For a list of ways to get RBTC please read the RSK FAQS at
Under some conditions the protocol may limit the mint or redeem volumes. In that case the tokens can be traded in or any exchange that lists the token.