Money on Chain - Bitcoin-Collateralized Stablecoin

[sapta]

*Disclaimer: I'm not affiliated with Money on Chain nor I involved directly on the project. I'm just helping them to post the Announcement.

[sapta]

What Makes a Bitcoin-backed Stablecoin possible?

The answer is on the link below, latest update by the MoC team 👇

http://bit.ly/2Hjj2xI

[Stakeey]

Is there airdrop of this ?

[perri]

Is there airdrop of this ?

That was a pretty good first question appear here, stablecoin' airdrop. I'm also waiting for the answer 

Is there no white paper yet?

[TeraBite]

Is there airdrop of this ?

That was a pretty good first question appear here, stablecoin' airdrop. I'm also waiting for the answer 

Is there no white paper yet?

It is impossible to make any airdrop while there is no hard fork planned anyway what would you do if they give you  1:1 in stable coin? So how many Bitcoins you have?

[eugeneus@khnyzhoff]

I think you need good web representation and presentations as well. Contact me if I'm right.

[perri]

It is impossible to make any airdrop while there is no hard fork planned..

That was what I mean   

So how many Bitcoins you have?

I don't have any, atm 

what would you do if they give you  1:1 in stable coin?

Let me think for a while!
I'm getting BCH before, but I forget what I'm doing at the time

[JuanMD]

Is there airdrop of this ?

That was a pretty good first question appear here, stablecoin' airdrop. I'm also waiting for the answer 

Is there no white paper yet?

Hi! Whitepaper will go out shortly. The team is currently working on launching the test net right now.

At this moment there are no airdrops planned. But stay tunned because there might be in the future.

[perri]

Hi! Whitepaper will go out shortly. The team is currently working on launching the test net right now.

Yes, I've been checking it on the web, and I get the same answer as yours.

At this moment there are no airdrops planned. But stay tunned because there might be in the future.

Sound good   

[kalacC]

I just curious about this, as per information on your web, it said moc would use as an incentive for those who run moc nodes. So, my stupid question is, how is the models will be? are this will be similar to staking or master node that needs collateral to run the node? or?

[notblox1]

Is this going to be one more ICO project offering stability?

[omone1]

I will follow up this project and see how it goes, I can only wish the team a good success. Another project has a similar mode the USDQ Plantinum-QDAO. Technology is innovative and keeps evolving. 

[jillscarbrough]

Let me think for a while!
I'm getting BCH before, but I forget what I'm doing at the time

Has it been sold-out at the second min you receive it? "Easy money" , right?

Hi! Whitepaper will go out shortly. The team is currently working on launching the test net right now.

At this moment there are no airdrops planned. But stay tunned because there might be in the future.

So, what's today update, Juan?

[Bowtiesarecool]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

[jillscarbrough]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

You're absolutely right! I super agree with you on that point.

So, this is what 'em say on their web:
-I'm just quoting the explanation on their web related to your above post-

To solve Bitcoin’s volatility problem, we will provide a Bitcoin-collateralized stablecoin using a three-party system:

We strip Bitcoin’s volatility into two separate tokens:

The Dollar on Chain (DOC), is pegged to us Dollar for risk-averse individuals

The BitPRO, a token for risk-propense Bitcoin holders seeking a passive income in BTC

The DOC tokens will be stable and pegged to the US dollar, such that each DOC token will have a value of USD 1. As these tokens will be entirely stable, they are a volatility-free asset that will perform the three functions of money mentioned above: a medium of exchange, unit of account, and a store of value.
................................................and so on

Source: https://moneyonchain.com/solution/

[perri]

Let me think for a while!
I'm getting BCH before, but I forget what I'm doing at the time

Has it been sold-out at the second min you receive it? "Easy money" , right?

Maybe.... Yes

-snip-

This project will provide 3 different tokens?
What about DEX and TEX? Does it mean the project will have its own exchange?

[gomeZLTC]

Bitpro, a token for risk-friendly Bitcoins hodlers seeking a passive income in BTC. is it mean this is for ppl who want to take a risk? then how to get passive income from this risk activities?

[sapta]

Hope this one can answer the question above:

How does the interest paid by BTC 2x work?

Maximiliano Carjuzaa, the CEO, explained more about it at @NoSoySatoshi podcast.

Hit the link below and watch the complete explanation:

https://youtu.be/d7kWscVFTKk

[gomeZLTC]

Hope this one can answer the question above:

How does the interest paid by BTC 2x work?

Maximiliano Carjuzaa, the CEO, explained more about it at @NoSoySatoshi podcast.

Hit the link below and watch the complete explanation:

https://youtu.be/d7kWscVFTKk

am still a bit confused, it is a too short explanation for me, but it is better. I will wait for the written version.

[perri]

Hope this one can answer the question above:

-snip-

am still a bit confused, it is a too short explanation for me, but it is better. I will wait for the written version.

What's confused you? Are you Spanish, gomeZ?
jk, I felt the same 

What about my question? Is there any team member want to explain? Share a video or something, please!