What do I need to know first
This is a step-by-step guide on how to use Money On Chain for the first time.
You're about to start a wonderful journey to your economic freedom. These are all the things you'll need to do. At the end of this page, you'll find the link to a step-by-step guide to get it done.
The first thing to do is to set up a compatible wallet to access the platform. This wallet will act much like the wallet you wear every day. It will allow you to store your assets where only you will decide how and when to use them.
The second task is to get rBTC. You will need rBTC to be able to pay the Gas, which is the fee for using the blockchain, paid to miners for mining the transactions. You can pay the platform fees in rBTC too.
rBTC Smart Bitcoin is a cryptocurrency issued by RSK. It is pegged 1:1 with BTC. rBTC is necessary since you can't run Smart Contracts with BTC, which makes it possible for DeFi to exist.
The third step is to connect your wallet with the Money On Chain Stablecoin Platform.
Please Be Advised Users are strongly encouraged to perform their own due diligence before trusting third-party services mentioned in this Wiki. Despite Money On Chain's best efforts to provide a clean resource, given the nature of the cryptocurrency realm, scams do exist, and even great projects are frequently compromised. Money On Chain shall not be responsible for third parties services.
At this point, you'll be able to get tokens from a third party, buy them on the secondary market, or even mint your own tokens.
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