Ana Sullivan

MOAC - Will It Really Become the Mother of All Chains?

by Ana Sullivan June 7, 2018

The MOAC (standing for Mother Of All Chains) project is aimed at designing a scalable and resilient blockchain that supports transactions, data access, control flow. These operations should be done in a layered structure. MOAC should build the framework to enable users to execute smart contracts effectively, and it should provide the architecture to generate sub blockchains as well.

Shortly put, MOAC’s ultimate goal is to deal with the issue of scaling and efficiency present in today’s cryptocurrency world. Will it succeed?

As explained by its team, MOAC is a blockchain platform that has “necessary plumbing parts” available to sub blockchains, thus enabling a solution for private chain deployment, complex task processing, decentralized apps, among others.

MOAC Token ICO, Market Performance

 

Apparently, half of the initial supply of the tokens was sold during the crowdsale, which took place in June last year.

It should be noted that MOAC tokens will be mineable meaning that mining is another way to obtain tokens.

There are currently 35,897,055 MOAC coins in circulation, the market capitalization is $188,298,358 USD, and the total supply is set at 56,483,386 MOAC, as per CoinMarketCap data.

According to the whitepaper, the for-profit entity holds 31 million coins, and the MOAC foundation holds 63 million. 31 million is the sum that is funding the ongoing MultiBlockchain development.

Currently, a single MOAC token can be purchased for $5.38 USD on only two cryptocurrency exchanges - Bit-Z and CoinBene. The token has been trading 2.75% less than the USD.

The token’s value has been decreasing steadily, especially when compared to the highest value so far which was registered at approximately $17 USD per token, back in January, 2018. During the past seven days the token’s price almost hit $7 USD but failed to keep it there.

More about MOAC

From the whitepaper:

The company MOAC Blockchain Tech, Inc. (MOAC) has released a next generation blockchain platform. With a pioneering Multi-Blockchain architecture, MOAC not only addresses the performance and cost issues with existing blockchain systems, including Bitcoin and Ethereum, but also introduces new features that minimize the barrier to entry for developers, users, businesses, and the entirety of the blockchain ecosystem".

The new MOAC platform is seeking to achieve these goals by employing a layered multi-blockchain architecture, blockchain sharding, MicroChain™ Smart Contracts, and Cross-Chain capabilities.

 

 

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