MOY is a decentralized trading platform for instant trading and exchange of highly liquid digital assets (various encrypted tokens, such as Ethereum and its ERC20 tokens, Bitcoin and ZCash, etc.). In order to realize seamless payment between different tokens for all users, MOY will provide a rich payment API and a new generation of contract wallets to expand the overall transaction capabilities of MOY. Users can also reduce the risk of cryptocurrency price fluctuations through derivatives transactions.
Magic Gold's token (MOY) is a utility token with a total circulation of 1 billion and a circulation of 200 million. There are many use cases for securing the health and growth of the network. Furthermore, this native token will serve many key functions on the Mojin platform. First of all, MOY is a multi-purpose incentive token that can motivate the behavior of end users, developers, market operators and other ecological participants. In addition, MOY is a transaction medium pass that can be used for payment between buyers and sellers on the platform. Finally, MOY will play a key role in future network governance.