In order to work as a decentralized protocol, Money On Chain will use a token to govern the platform. This token is called MoC (for Money On Chain) Token.
Initially MoC tokens will have four main use cases for their Token holders:
Each time someone uses Money On Chain’s platform a small fee is paid. Users pay that fee in Smart Bitcoin that will be collected and sold for MoCs in the Money On Chain Decentralized Exchange (TEX). The result of that sale is going to be distributed, according to the rules established in the Smart Contract, among:
The planned initial distribution of MoC tokens is going to be 20% for a Sole Purpose Trust developing the Money On Chain Protocol, 20% for founders and advisors, and another 20% for contributors. The remaining tokens, 40%, will be used for MoC staking rewards and for MOC Liquidity Mining.