27 November, 2020

MoC, Money On Chain Governance token

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.

MoC token use cases

Initially MoC tokens will have four main use cases for their Token holders:

  1. MoCs token holders will have the power to vote and veto the platform updates (including parameters and new features). 
  2. MoC holders will be able to stake tokens and earn staking rewards. 
  3. MoC holders will also have a discount when paying with MOC tokens the fees for the use of the platform. For instance, when minting or redeeming DoC, BPro and BTCX. 
  4. MOC holders will be able to receive part of the fees the users pay for using the platform.

How will the fees from the users be assigned to MoC 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:

  • MoC holders stacking their MoCs
  • Node operators
  • BPro Collateral holders

How will the MoC Tokens be distributed?

moc distribution

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.

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