The DOC, or Dollar on Chain, is one of the most secure stablecoins out there. Not only because the collateral is bitcoin, but also because it "lives" in the most secure Bitcoin sidechain, Rootstock.
DOC is also unique given these characteristics:
In this post though, we are not going to focus on DOC qualities but on how to acquire DOC.
There are two ways to have DOC, the primary market or a secondary market.
The difference between these two markets is that the primary market is where the magic happens, and the DOC tokens are created or destroyed. The secondary market instead, is where you can buy or sell tokens. We will see some examples, but if you want to read a little further about this difference, you can read our blog’s article “What’s the difference between buy/sell and mint/redeem?”.
In the case of Money On Chain’s DOC, the Primary Market is the protocol. And the first obvious option to interact with it is the Money On Chain dApp.
Remember that by definition of Primary Market, the value of the DOC token either you mint it or redeem it is always 1 USD.
Another way to operate directly with the protocol is through applications that integrate it. Any application that has the MOC protocol integrated allows you to switch from rBTC to DOC (mint) or from DOC to rBTC (redeem).
For most of the other stablecoins, such as DAI, USDT, and USDC, the easiest way to get them is buying, this is, through Secondary Markets.
There are several possibilities to get DOC:
Brokers are third parties that manage their own liquidity to help you buy and sell your tokens. Among these you can find:
Exchanges give you access to order lists and liquidity other users provide.
The peer-to-peer market is where you operate directly with another person mostly through platforms such as:
These are different ways to get DOC depending on the use case, trading, lending, savings, or buying products. It is very easy to mint your DOC tokens in the protocol to be sure 1DOC is 1USD.
Note: This list is often growing or changing so this article will probably be edited accordingly.
Disclaimer: Money On Chain does not make recommendations, just enumerates possibilities of getting DOC.