Mocaverse, a Web3 project by Animoca Brands, reveals details of their MOCA token airdrop.
The game software company and venture capital firm Animoca Brands created the Web3 project Mocaverse (MOCA), which revealed the details of the MOCA token airdrop.
Holders of Moca non-fungible tokens (NFTs) will receive 10% of the total Mocaverse (MOCA) tokens, which is equivalent to 31.7% of the network incentive allocation. We will announce details later, but at the token generation event (TGE), one-third of these tokens will be instantly available.
Following a three-month waiting period, a further one-third will vest weekly for twelve months, with the remaining one-third reserved specifically for future incentives for Moca NFT holders. To be eligible for the airdrop, users must have the NFT on hand when they claim it.
There will be two separate launches of the Moca ID airdrop. The “Network Incentive” TGE unlock now costs 20% instead of 15%. The first phase at TGE does not require vesting, and we will soon release information on the second phase that begins after TGE.
We will disclose the minimum RP requirement and related method closer to the TGE so that users can qualify for the airdrop. Users’ ability to earn MOCA tokens increases with their RP balance. The airdrop distribution will be non-linear, determined by an appraisal of involvement, and RP acts as a proof-of-engagement mechanism.
The first two rounds of network incentive allocation unlocking will cap the overall amount of the airdrop. This includes both the first and second batches of TGE, unlocked at different times.
When planning the airdrop distribution, Mocaverse is also thinking about inviting outside communities to participate. Among other things, this might involve marketing incentives and strategic alliances.
Furthermore, all members will get the remaining network incentives and other network tokens, depending on the value-based mechanism of the Moca Network. This will encompass all individuals who own MOCA tokens, MOCA IDs, or MOCA NFTs.
There is an oversubscription for the MOCA Token Community Sale on CoinList
The LayerZero v2 protocol powers the Moca Network and its partners’ “subnets.” This network spans many different industries, including sports, education, music, and government.
In the context of the network, the token is useful for both transactions and governance. It facilitates transaction fees and functions as a medium of exchange. Holding this token is one more way to show your support for the Moca Network.
Mocaverse just held a community sale for MOCA tokens on CoinList, a cryptocurrency trading platform. With demand outstripping supply by more than twelve times, this auction generated $29.3 million in pre-deposit monies. There was a $100 minimum purchase, and a total of 126,984,127 MOCA tokens were sold for $0.03938 each.