metadata: {"type": "project", "title": "The first blockchain aiming for democratic governance through smart contracts", "logoImg": "bafkreidldobqalegvnujmpvll7tybh3wehy7i2m7o6iologt3cbw7xlse4", "website": "https://mochain.app", "createdAt": 1685469027001, "userGithub": "mochainapp", "credentials": {}, "description": "Mo Chain is based on a PoA consensus algorithm that allows for shorter block times and lower fees. Staking's most bonded validator candidates will become validators and produce blocks. Security, stability, and chain finality are guaranteed by the double-sign detection and other slashing logic.\n\nEVM-compatible smart contracts and protocols are also supported by Mo Chain. Because of inherent interoperability capabilities, cross-chain transfer and other communication are possible. \n\nMoChain is:\nEVM-compliant: Supports all existing Ethereum tools while providing faster finality and lower transaction fees.\nInteroperable: Includes efficient native dual chain communication; Designed for scaling high-performance dApps that require a quick and seamless user experience.\nProof of Staked Authority is distributed with on-chain governance, bringing decentralization and community members. MO, as the native token, will serve as both smart contract execution gas and staking tokens.\n\nMO Chain is committed to being a democratic and inclusive blockchain platform where users have a say in the decision-making process. To achieve this goal, we have developed a PoRW system that rewards users for their contributions to the ecosystem. \n\nReward Token\nThe rewards tokens are not to be staked or used as currency, but rather are part of a credit score system that gives users higher voting power and a share of the platform's profits.\n\nThe PoRW system is designed to reward users who perform various actions on the MO Chain platform, including transactions, smart contract deployment, token ownership, liquidity provision, bridging assets to MO Chain, staking assets on MO Chain, and more. \n\nThese actions are assigned a specific weight, which determines the number of rewards tokens earned by the user. \n\nFor example, a user who deploys a smart contract may earn more rewards tokens than a user who simply performs a transaction.\n\nIn addition to the rewards tokens, users who contribute to the MO Chain ecosystem also receive shares of the platform's profits. This includes a percentage of gas fees, as well as a percentage of what apps and dapps collect on the platform. The more work a user does, the higher their rewards and profit-sharing percentage.\n\nFees are as low as 0.00001 MO per transaction and 0.0002 per smart contract deployment. \n\nMO has been up and running since September last year, both Mainnet and Testnet. \n\nReference: mochain.app \n\nWe have taken the initiative to build ourselves native + multi-chain apps and dapps to further the reach in the crypto space. \n\nReference: mostart.app \n\nMost of the information about what we are working on can be found on modocs.app , we are passionate about building and solving real world problems and focus on mainstream adoption. \n\nOur team is the first to achieve wearable assets on-chain, through our brand CryptoWear. \n\nUsing blockchain technology we have achieved storing information about every piece of clothing, giving ownership to buyers and also the opportunity to trade their clothes through our own NFT Marketplace (MoVinci). \n\nSo, we can fully establish the first Blockchain Clothing Line and also provide an opportunity for other brands to join us and deliver wearable assets to their customers. \n\nWe have our own native wallet which supports our chain and 250+ other chains that are evm-compatible. It provides support for NFTs, Collectibles and also ENS domains. \n\nOur team has almost ready our own dapp browser for smartphones which is of great help for everyone that wants to explore crypto in a safe way and use all tools available out there. \n\nWe are also working on our own E-commerce platform where everyone can setup a shop and start accepting crypto, our own advertising marketplace where websites can monetise their traffic and projects can promote themselves, and also a decentralised vpn platform where everyone can provide nodes meanwhile we offer this no-log vpn service to our customers. \n\nWe have taken the step forward to target 95% of the population that has no idea how crypto works, infiltrate and provide crypto services with a newbie strategy that can reach mainstream adoption.\n", "logoImgData": {}, "projectTwitter": "mochainapp"}
name: The first blockchain aiming for democratic governance through smart contracts