Mocaverse Launches MOCA Community Sale On CoinList

Mocaverse, a Web3 project, as part of Animoca Brands has launched a crowd auction for its MOCA token on CoinList.

Animoca Brands, a game software and venture capital company, has launched a crowd auction for its MOCA token on CoinList as part of its Web3 project, Mocaverse. The sale will begin on April 25 at 00:00 UTC and end on May 2 at 00:00 UTC.

During the sale period, a total of 126,984,127 MOCA tokens, representing 1.5% of the total supply of 8,888,888,888 tokens, will be available for purchase. When fully diluted, the token’s value stands at $350,000,000.00. The price per MOCA token will be $0.03.

The lockup and release schedule specifies that on May 24th, during the token generation event (TGE), 5% of the tokens will be available. Following a three-month cliff, we will release tokens weekly for 52 weeks in a linear fashion.

There will be a maximum allotment of $5,000,000. The token launch will facilitate the achievement of this goal. Any commitment made without Lots, Guaranteed Lots, or Waitlist Lots that is fulfilled will result in the participant receiving MOCA tokens.

Unveiling MOCA Tokenomics, Mocaverse Gets Ready to Distribute Tokens

In its LayerZero v2 protocol incarnation, MOCA functions as Fungible Token (FT). The Moca Network relies on it to function, and the Moca Network itself consists of partner “subnets” and the users they represent in many other industries, including but not limited to: sports, education, music, and government.

The token serves both utility and governance purposes within the network. As proof of allegiance within the Moca network, it serves as a medium of exchange and makes it easier to pay for transactions. It also provides chances to engage in governance procedures, symbolizes the network’s culture, and grants access to growth services.

Mocaverse has just revealed MOCA tokenomics, detailing their plan for distributing all of their tokens. With 31.5 percent going toward network incentives, 20 percent for ecosystem and treasury development, and 1.5 percent toward community sales, 53% of the tokens will be used for community purposes according to this strategy. Strategic partners should receive 13% of the remaining funds, liquidity should receive 10%, operational expenses should receive 5%, the team should receive 12%, and launch contributors and advisors should receive 7%.