Protocol FAQ

What are Money On Chain's core values?
Decentralization, resistance to censorship, and being free of counterparty risk.
What does it mean to be a Bitcoin-collateralized stablecoin?
One way to keep the relationship between a stablecoin and the asset it is pegged to stable is to use another asset as collateral. Money on Chain has chosen Bitcoin as the collateral for our stablecoin, because we understand that Bitcoin is sound money, the most stable crypto asset, and the only collateral that is truly secure, decentralized, and resistant to censorship.
What assets are involved in the architecture of the Money on Chain system?
Money on Chain is based on four tokens:
The DoC, a USD price pegged Stablecoin token.
The BPro (Bitpro) a token designed for BTC hodlers, to earn a rent on Bitcoin and gain free leverage.
The BTCx, a token that represents a leveraged long bitcoin holding position.
The MoC token, designed to govern a decentralized autonomous organization (DAO) that will govern the Smart Contracts.
Is there a whitepaper for Money on Chain?
We have a publicly available whitepaper that you can download at the whitepaper page.
Does Money on Chain use the Bitcoin blockchain?
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.
Which blockchain does Money on Chain use?
We use the RSK Network, the only network that provides Turing-complete smart contracts for Bitcoin.
How does Money on Chain’s architecture work?
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.
How can Money on Chain be collateralized by Bitcoin if it doesn’t run on Bitcoin?
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.
How can I get RBTC?
For a list of ways to get RBTC please read the RSK FAQS at https://www.rsk.co/faqs​
Is RSK secure?
RSK is the most secure blockchain after Bitcoin itself. Bitcoin miners also mine for RSK by means of a technique called “merge mining”.
Where can I find out more about RSK?
RSK’s own FAQ list is available at: https://www.rsk.co/en/faqs/
Which Wallet can I use to access the MoneyOnChain protocol?
We have tested with good results Nifty wallet or MetaMask to access the Money On Chain web-based based application. You can also try Liquality or Defiant mobile app.
Will Money on Chain provide pegs to other currencies such as the Euro?
Yes. Our platform is designed to run multiple stablecoins that will be collateralized independently from each other.
Will the MOC, DOC, and BPRO be available on traditional crypto exchanges?
We will operate our own decentralized token exchange (TEX) and also plan to be listed on exchanges that will also act as secondary markets.
How will the collateral and peg stability be audited?
The collateralization is public, so anybody is able to assert the stability of the peg in real time.
How does the passive income for BPro holders work?
BPro holders will absorb the volatility from the stablecoins and will sell it to the decentralized bitcoin leveraged operation traders.
What is the incentive for someone to hold BPros instead of just Bitcoin?
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.
Is there any limit to mint and/or redeem tokens?
Under some conditions the protocol may limit the mint or redeem volumes. In that case the tokens can be traded in TEX Decentralized Token Exchange or any exchange that lists the token.
What will the leveraged margin rates be?
The rates will be defined by the market within the platform, but typically they will be smaller than any other traditional exchange.
Is the platform or any of its tokens regulated by governments?
We comply with all necessary government regulations.
How many MOC tokens will there be?
The supply will be limited to 210,000,000 MOC tokens.
What are the incentives for keeping MOC tokens?
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 appreciate with the use of the platform.
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Last modified 5mo ago