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Topic: Money on Chain - Bitcoin-Collateralized Stablecoin (Read 4286 times)

newbie
Activity: 20
Merit: 0
When the #MoneyOnChain protocol was designed, special consideration was given to #Bitcoin Hodlers, and incentive alternatives were evaluated to increase contributed collateral to the protocol. This is how the $BPRO was born.

Learn more about BPRO token 👇
https://moneyonchain.com/bpro-token-income-for-bitcoin-holders-free-leverage/
newbie
Activity: 20
Merit: 0
The Money On Chain’s Decentralized Token Exchange is already on the RSK testnet!

Find more details on our blog post:
https://medium.com/moneyonchain/introduction-to-money-on-chains-decentralized-token-exchange-on-rsk-platform-e609d07698a1
newbie
Activity: 20
Merit: 0
Next Thursday 14:00 GMT-3 you can join the virtual Meetup we are hosting with RSK and the support from DeFiLaB dao

https://www.meetup.com/es-ES/Money-On-Chain-Meetup/events/269954892/
newbie
Activity: 20
Merit: 0
Why Bitcoin as Collateral? This is a frequently asked question within Money On Chain community.

Find the answer on our latest Medium post!

https://medium.com/moneyonchain/deep-dive-into-money-on-chain-8122e45657ba
newbie
Activity: 20
Merit: 0
"Money On Chain was built for being the cornerstone of #DeFi for Bitcoin"

Max Carjuzaa comments how the protocol performed on March 13th, when the was a sharp drop in the price of bitcoin

Read the interview here 👉 https://medium.com/moneyonchain/first-test-for-defi-4-bitcoin-interview-with-max-carjuzaa-co-founder-of-money-on-chain-fa4993039367
newbie
Activity: 20
Merit: 0
You can now buy and sell products using DOC (Money On Chain's Stablecoin) at Kripton Market. Find out all the details:

https://medium.com/moneyonchain/buying-and-selling-products-with-doc-is-now-possible-928c60dfd029
newbie
Activity: 20
Merit: 0
We are so excited to reach the amazing Ethereum community full of innovating people and fantastic projects! 🙌

More info: https://cryptobriefing.com/looking-beyond-ethereum-crypto-interoperability-is-key/
newbie
Activity: 20
Merit: 0
What’s Money On Chain backstory?
"For the use of Bitcoin in everyday transactions, stable currencies are our best bet," says Max Carjuzaa in this deep interview for Defiprime.

Check it out! https://medium.com/moneyonchain/money-on-chain-a-stable-asset-platform-1e503e81a19

newbie
Activity: 20
Merit: 0
DOC token is now live on CoinSwitch exchange aggregator. Another milestone achieved!



https://twitter.com/coinswitch/status/1229359921713569793
hero member
Activity: 1022
Merit: 504
GoMeat - Digitalizing Meat Stores - ICO
Interesting to have a DeFi that spearheading RSK . And there are few enthusiasts knowingly how big potential it is with MoneyOnChain. Any moderator from the group that might interact?
newbie
Activity: 20
Merit: 0
Money On Chain and RSK hosted a workshop about DeFi a few days ago.

Here are some words from IOV Labs CEO Diego G. Záldivar at the end of the workshop

▶️ https://youtu.be/oC-gJHURcx4
full member
Activity: 235
Merit: 100
Vires in Numeris
Today brasilian users have been experiencing some issues with their connection to the Mainnet, due to a problem with the country's internet service.

Even though it has been fixed, if you experience any issue please let us know!
newbie
Activity: 1
Merit: 0
If this is a stablecoin and pegged to Bitcoin, how many bitcoins will you be holding in collateral and at what rate will the coins be exchangeable for Bitcoin? Where will you keep the bitcoins and who will be controlling it? Where will the bitcoins collateral come from?

Great question but I don't think the team will answer this important question. Actually, it is very easy to answer if they do have that amount of bitcoin as collateral. By the way, USDT project admitted before they don't have that amount of dollars as what it should have been. So it is only a matter of time when will they give the true statement regarding their assets.


Hi, sorry, the team had been super busy with launch on Mainnet. The DOC is a Stablecoin that is not pegged to bitcoin, it is pegged to the USD price. The smartcontract exchanges the DOC for the amount of RBTC at current rate (1 DOC= 1 USD). The SmartBitcoins (RBTC) are in a SmartContract. The control of the Smart Contract will be held by MOC token holders (that is something we are still building). The bitcoins in the collateral come from Bitcoin holders that want to earn a passive income and get a free leverage (buying BPRO for that).

Regarding the collateral info, you can review all metrics in the platform, and also look for the info in https://explorer.rsk.co/

There is a group in telegram you can join also for more info: https://t.me/MoneyOnChainCommunity

newbie
Activity: 20
Merit: 0
Why should we care to learn about Stablecoins? This is how Peter McCormack started the panel at laBITconf.

Watch video ▶️ https://youtu.be/8nffDNBPDXc

🗣️ Max carjuzaa (Money On Chain)
🗣️ Mariano Dipietra (Makerdao),
🗣️ N. Freeman (Reserve)
🗣️ Joshua Scigala (Vaultoro.com)
newbie
Activity: 20
Merit: 0
Peter McCormack doesn't talk much about Stablecoins in his What Bitcoin Did podcast, so laBITconf team made him to learn about the topic on the panel of Max Carjuzaa (Money On Chain), Mariano Dipietra (Makerdao), N. Freeman (Reserve) and Joshua Scigala (Vaultoro.com)

Watch video ▶︎ https://www.youtube.com/watch?v=Ql5JcX4MCFk
newbie
Activity: 20
Merit: 0
Excellent article from The Merkle about how Money On Chain aims to solve the volatility of cryptocurrency.

Read it here: https://themerkle.com/money-on-chain-the-new-breed-of-btc-backed-stablecoins/ 🙌


--------

“The MoneyOnChain ecosystem will oversee the governance of a loan system, locking up bitcoin as collateral.

Some words from Zycrypto article about Money On Chain's mainnent:

https://zycrypto.com/first-bitcoin-collateralized-stablecoin-launches-on-the-rsk-network/

------

“DeFi has been predominantly focused on Ethereum, but it seems that it’s about to change. Money on Chain has now launched a decentralized stablecoin protocol on RSK“

iHodl article about Money On Chain platform launch

Read more at https://ihodl.com/topnews/2019-12-13/first-bitcoin-backed-stablecoin-launches-rsk-network/
sr. member
Activity: 1988
Merit: 275
If this is a stablecoin and pegged to Bitcoin, how many bitcoins will you be holding in collateral and at what rate will the coins be exchangeable for Bitcoin? Where will you keep the bitcoins and who will be controlling it? Where will the bitcoins collateral come from?

Great question but I don't think the team will answer this important question. Actually, it is very easy to answer if they do have that amount of bitcoin as collateral. By the way, USDT project admitted before they don't have that amount of dollars as what it should have been. So it is only a matter of time when will they give the true statement regarding their assets.
staff
Activity: 1718
Merit: 1206
Yield.App
Money on Chain is a sponsor of Latin American Bitcoin & Blockchain Conference

newbie
Activity: 20
Merit: 0
MoC has allocated up to 0.9 WBTC for those who identify significant security issues in Money On Chain Protocol 0.1 Background.

Looking forward to the community's help.

More info here: https://gitcoin.co/issue/money-on-chain/main-RBTC-contract/1/3726
member
Activity: 208
Merit: 16
A bit busy with everything in a real-life, I'll test it this weekend, I swear  Grin

 Have you been done with the test?


I'm so sorry, I really busy these last few weeks. So, I'm not testing it yet. I'll check it when I get free time.  Grin
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