We are thrilled to announce the upcoming launch of Flipmoney’s governance token, Flip. In celebration of this milestone, at Flipmoney’s TGE there will be a Flip token reward for MOC stakers, marking the beginning of the journey toward decentralized governance in the stablecoin protocol.
Flipmoney is a trust-minimized stablecoin protocol that fosters financial inclusion and stability in emerging markets through an innovative solution over the Bitcoin sidechain, Rootstock. At its core, Flipmoney Protocol offers a robust stablecoin infrastructure tailored to developing countries' economies' unique needs and challenges.
Central to the Flipmoney protocol is Flip, a governance token designed to empower stakeholders with decision-making authority over the protocol’s future development. Through decentralized governance, Flip token holders will have the opportunity to shape the direction of the Flipmoney Protocol, participate in key governance proposals, and contribute to the platform's growth and evolution.
Flipmoney will have a TGE (Token Generation Event), and 20% of the Flip tokens will go to MOC stakers. MOC, the governance token of the Money on Chain protocol, allows the involvement of the users in the protocol decision-making process. Now, MOC stakers will have the chance to participate in the Flip token rewards and become active participants in the governance of the Flipmoney Protocol
On June 4th, before the Flip TGE, a snapshot of the MOC staked will be taken. This snapshot will be used to distribute the Flip tokens depending on the amount of MOC tokens staked for every address.
At the heart of the Flipmoney Protocol lies BPRO, the token used as collateral to stabilize the platform's stablecoins. BPRO tokens provide a secure and reliable mechanism for maintaining stability, enabling users to transact in the ever-evolving landscape of emerging markets.
Flipmoney invites MOC holders and enthusiasts from around the world to join us in shaping the future of decentralized finance.
Stay tuned for further updates and announcements regarding the Flip token rewards and the TGE.
Learn more about Flipmoney on its official website and join the new way to explore decentralized finance. Be sure to participate in our community via Telegram, and X (Twitter)
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Participants should conduct their own research and exercise caution when participating in cryptocurrency-related activities.