Money on Chain is pleased to announce that it is launching a liquidity mining program as an incentive for Bitcoin holders. The MOC Liquidity Mining program will award MoC tokens to those who hold the BPro token. The new program makes holding BPro even more attractive, as it adds to the existing suite of benefits provided to users.
There are already several advantages to holding BPro tokens. These include free leverage provided by holders of the Dollar on Chain (DOC) stablecoin, interest paid in the Rootstock token, rBTC from traders who buy the BTCX long token, and fees paid by users of the Money on Chain platform.
With the launch of MOC Liquidity Mining, BPro token holders will also receive MoC tokens as a reward. After the MoC token generation event, MoC holders will be able to participate in the governance of the Money on Chain protocol, achieving one of the core values of the project as a DeFi platform: decentralization.
Manuel Ferrari, co-founder of Money on Chain, states: “In designing Money on Chain, we’ve given special consideration to Bitcoin hodlers. As such, we’ve implemented various incentives as a way of making it more attractive for users to contribute their collateral to the Money on Chain ecosystem.”
Under the terms of the MoC Liquidity Mining program, 14,000 MOC tokens will be distributed daily among all BPro holders. The total token distribution will be monitored and may be subject to changes in the future. Currently, the plan is to allow BPro holders to claim their MOC tokens from 30 days after the token generation event.
BPro token holders will be able to monitor the daily amount of MOC tokens assigned on the platform.
The program will run from December 7th, 2020 until 30 days after the token generation event, or until the total MOC allocated for the program has been assigned – whichever comes first.
More information about BPro is available here.
About Money on Chain
Money on Chain’s mission is to bring about the mass adoption of Bitcoin. It offers solutions to meet the needs of different types of users: a fully bitcoin-collateralized stablecoin (DOC), a version of bitcoin offering multiple financial incentives (BPro), and the leveraged BTCX long token. All of these products are non-custodial and don’t require the user to sacrifice their private keys. To make this possible, Money on Chain has developed a unique mathematical financial model with proven robustness, even in extreme market situations.
Money On Chain – Bringing Bitcoin into the mainstream.
About Rootstock
Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.
Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.