Moka Finance Made Official Partnership With Cryptosky Platform

We are Happy to announce that, Moka Finance is Now Listed in CryptoSky Platform

ABOUT :

Moka Finance is a Tomb/Bomb Fork on AVAX Network. Moka Finance stems from the same idea and is designed as the first algorithmic token pegged to BTC instead of a stable coin, on Avalanche. It works around a solution that can adjust the token supply to move the price of the token itself up or down, in the direction of a target price to bring programmability and stability to the price. Moka is a multi-token protocol that consists of the following tokens: Moka (MOKA),Moka Shares (SMOKA), and Moka Bonds (BMOKA).


Tokens :

MOKA - moka.finance Token 

Contract:

MOKA token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain MOKA's peg of 10,000 MOKA = 1 Bitcoin (BTC) in the long run.

Note that MOKA actively pegs via the algorithm, it does not mean it will be valued at 10,000 MOKA : 1 BTC at all times as it is not collaterized . MOKA is not to be confused for a crypto or fiat-backed stablecoin.

SMOKA - MOKA Shares

Contract:

MOKA Shares (SMOKA) are one of the ways to measure the value of the MOKA Protocol and shareholder trust in its ability to maintain MOKA close to peg. During epoch expansions the protocol mints MOKA and distributes it proportionally to all SMOKA holders who have staked their tokens in the Cafeteria. SMOKA holders have voting rights (governance) on proposals to improve the protocol and future use cases within the MOKA money ecosystem.

SMOKA has a maximum total supply of 70001 tokens distributed as follows:

1. Treasury/DAO Allocation: 5500 SMOKA vested linearly 12 months.

2. Team Allocation: 5000 c vested linearly over 12 months.

3. Rewards: 59500 WBTC.e are allocated for incentivizing Liquidity Providers in two shares pools for 12 months.

4. Initial mint: 1 WBTC.E minted upon contract creation for initial pool.

5. Devs will use treasury funds in any way they feel is best for the long term success of the protocol.

BMOKA - MOKA Bonds

Contract:

MOKA Bonds (BMOKA) main job is to help incentivize changes in MOKA supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of MOKA falls below 10,000:1 BTC , BMOKAs are issued and can be bought with MOKA at the current price. Exchanging MOKA for BMOKA burns MOKA tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These BMOKA can be redeemed for MOKA when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for MOKA when it is above peg, helping to push it back toward 10,000 MOKA to 1 BTC ratio.

NOTE : Contrary to early algorithmic protocols, BMOKAs do not have expiration dates.

All holders are able to redeem their BMOKA for MOKA tokens as long as the Treasury has a positive MOKA balance, which typically happens when the protocol is in epoch expansion periods.


Bonds Mechanism :

Bonds are unique tokens that can be utilized to help stabilize MOKA price around peg (10,000 MOKA = 1 WBTC.E) by reducing circulating supply of MOKA if the TWAP (time-weighted-average-price) goes below peg (10,000 MOKA = 1 WBTC.E).

MOKA Distribution :

At the beginning of every epoch, if the time weighted average price (TWAP) of MOKA is greater than 1.01, new MOKA will be minted in the boardroom.
The amount of new MOKA distributed depends on our position above peg and also current circulating supply of MOKA.

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