Money on Chain Launched its MoC Token on RSK Network

Money On Chain has partnered with Rootstock Network (RSK) to build on Bitcoin and take part in creating a new global financial system. The company is now pushing the RSK community further towards the goal of decentralization. The platform launched the MoC governance token.

Money On Chain is a well-developed, proprietary financial model built by Bitcoiners. Its platform proved to be robust even in extreme market situations. It enables Bitcoiners to improve the performance of their assets in various ways while simultaneously retaining complete control of their private keys.

Money On Chain’s self-contained protocol will have better governance thanks to the MoC token. The platform already uses DoC (the first USD stable coin collateralized with BTC), BTCx (an amplified leveraging mechanism), and BPro (a HODL and earn token which offers unique benefits).

Moreover, Money On Chain is a multifaceted platform. It is a proponent in boosting the mass adoption of Bitcoin and in aiding with decentralization.

Investors holding BPro will receive free leverage provided by DoC owners, along with passive income paid by investors who buy BTCx. They will also get incentives in MoC tokens for owning BPRO.

Max Carjuzaá, the co-founder of Money On Chain Protocol, stated that this is a very special day for their community. Particularly, because it means another step towards decentralization. They begin an incentive program inspired by the mining of Bitcoin along with the TGE. The company will reward its pool of customers with 19,687 MoC Tokens der day for HODLing BPro.

What is the RSK network, and how does it operate?

The RSK network is one of the safest smart contract platforms worldwide. It is secured by Bitcoin’s extensive hashing power through merged mining.

In fact, RSK aims to add functionality and value to the Bitcoin ecosystem by supporting near-instant payments, smart contracts, and greater scalability.

The network already scales up to 100 transactions per second and manages that without sacrificing decentralization. Besides, it reduces bandwidth and storage through fraud detection, probability verification, and more.