The global financial system is breaking down due to the dependency on the regular fiat currency.
Fiat has become inefficient at different levels, due to flaws such as slow rate of operations and high transactions fee and centralization.
All these and a lot more have made the current financial system of fiat unsuitable for use globally, as it cannot be relied upon to give great benefits to its users.
This cannot be the currency of the future, as it will not be able to keep up with the revolution going on in the world today.
The technological advancement in the world today has presented a great opportunity for the world to experience a great improvement in the financial system, eliminating completely the different flaws of the fiat currency and replacing it with a more reliable financial system such as the cryptocurrency.
Bitcoin, being one of the most prominent and successful cryptocurrency is based on the Blockchain technology, which uses its immutable nature to ensure total transparency and efficiency of the system.
Currently, Bitcoin is making waves in the global financial system, but sadly it is still flawed in a way that makes it inefficient to be used as a global currency.
The volatility of these digital currencies has really rendered it inefficient as the price keeps fluctuating.
To eliminate all these and strengthen the cryptocurrency industry, here is…
MONEY ON CHAIN PLATFORM
MONEY ON CHAIN platform is a system which has been created to improve the Decentralized Finance (DeFi) by making the cryptocurrency a more efficient payment method, for the entire world.
It will curb the problem of price volatility as experienced in the cryptocurrency industry today, hence making it reliable for use as both a store of value, an exchange means and a recognized currency.
To achieve all these, Money on chain platform runs on a three-party system, which makes it possible to create not just a less volatile cryptocurrency, but also create more benefits for the holders of these cryptocurrencies such as Bitcoin.
This great platform provides a Bitcoin-Collateralized Stablecoin that will reduce volatility in the industry and reduce the risk of losing funds due to price fluctuations.
HOW MONEY ON CHAIN PLATFORM WILL ACHIEVE THIS
For stability reduction, Money on chain has created the DOC (Dollar On Chain) token.
This token is a stablecoin that is pegged to the value of the USD and backed fully by Bitcoin. Meaning that its price never goes lower than that of USD and it is not volatile like Bitcoin.
The DOC token is the perfect fit for those who wish to hold cryptocurrency for both long term and short term, as it helps ensure that the value of their assets does not reduce with time.
Secondly, Money on chain has also developed the BPRO (Bitpro) token.
This token (BPRO) is not meant to control the volatility of the asset, rather it's developed to give holders a source of income.
Bitpro remains very volatile just like Bitcoin, which means higher risk for its holders.
This higher risk also means higher rewards for the holders when they sell the token to cryptocurrency traders in search of a form of leverage.
So you see?
This platform gives the best to the users depending on what a user needs.
MONEY ON CHAIN platform is not like the regular cryptocurrency platform, it provides everything a user needs to excel in the crypto space, ranging from a Bitcoin-Collateralized Stablecoin to protect from loss, as well as a token to generate income for users.
Upon the full adoption of this system, the cryptocurrency industry will experience a great level of efficiency and it will become a better means of exchange when compared to the regular fiat currency.