Taking a look back at MoC’s most memorable milestones of the fourth quarter of 2019.
WOW, the last three month have been intense and amazing! Firstly, we start this story by thanking each of you for being part of Money On Chain by testing the platform, sharing our content and spreading our vision. We are now on Mainnet! Without you, this significant milestone for 2019 would not have been possible. Here’s a summary of all we achieved this quarter.
Deploy on RSK Mainnet
From Uruguay and to the world we launched our platform on October 5th 2019.
1st transfer of value made with DollarOnChain
We had our own PIZZA DAY! In October we had a party and we paid pizza with DOC.
Take a look at the historic moment here: https://twitter.com/moneyonchainok/status/1188189560565620737?s=20
1st Peer to Peer FIAT <> Dollar On Chain operation
The same day we paid the pizza, Max Carjuzaa, Co-Founder of Money on Chain, and Diego Gutiérrez Saldívar, CEO of RSK Smart, performed the first fiat vs dollar on chain operation. Take a look at the video of this historical moment: https://twitter.com/moneyonchainok/status/1189273377942441987?s=20
Shared access to Mainnet
On December 12th, and after eleven months of simulations, testing, and two audits, we launched the Alpha version of our decentralized stablecoin protocol on the RSK network. The protocol will allow Bitcoin holders to hedge against volatility and enable the creation of DeFi services for the Bitcoin ecosystem.
Here is the moment of the announcement, done at LABITCONF:
Events and interviews
We have been participating in several events this quarter. The most noteworthy being LABITCONF in Montevideo, Uruguay, where we participated on a panel about Stablecoins with Mariano Dipietrantonio (Maker Dao), Joshua Scigala (Vaultoro), Nevine Freeman (Reserve), moderated by Peter Mc Cormack.
We enjoyed a lot on special moments that Labitconf Experience allows you to have, having the opportunity to share our project and learning a lot in conversations with great people, like Andreas Antonopoulus and Adam Back.
We have also been interviewed and mentioned by crypto media such as Coindesk, Cointelegraph, Criptonoticias, Cripto247, The Merkle and many others; and been part of Lunaticoin podcast, and The Modern Investor podcast, which helped us to spread Money On Chain’s vision all over the world.
We are very proud and happy because our community has grown more than 80%! Thanks to all of you for your full support. We couldn’t have achieved all the milestones we mentioned in this article here without you.
We invite you to join our Social Channels!
There are some important pieces of the alpha version of the platform that we are still working on.
TEX: The platform will offer a token exchange needed for bringing liquidity to the system in certain circumstances. It will allow the exchange of any token in the RSK blockchain in a decentralized way. We are still finalizing security audits.
MOC token: The Money On Chain (MoC Token) will be launched to govern the decentralized autonomous organization (DAO). It will also be used to pay fees for the use of the platform at a lower rate than those to be paid with BTC. MoC holders will also be able to get a reward for staking and providing services to the platform. MoC token holders will vote on contract modifications and on the new features, such as deciding whether or not to do an update to the code of the smart contract or another decision taken by the DAO.
Our goal is clear: we are building a stablecoin with no counterparty risk, bringing real usage to Bitcoin, and changing the lives of billions with financial tools… Imagine a self-employed Argentinian designer selling their work to a company in Europe or a programmer in India selling their work to someone in Chile.
There is still a lot of work to do on the technological side. We are working with other projects to build the infrastructure to onboard millions. In the meantime, we are already working with some NGOs so they can use the DOC to improve the efficiency of their money flow.
We strongly believe that regulators will work successfully with the industry so this technology can bring prosperity to so many people in the undeveloped world.