Mocaverse Shares Exciting Announcement on MOCA Token Airdrop, Designating 10% of Total Supply for Moca NFT Holders
In Brief
Mocaverse has revealed that it will allocate 10% of the MOCA token supply, equivalent to 31.7% of the overall incentives for the network, to holders of Moca NFTs through an airdrop.
Web3 project Mocaverse (MOCA), created by a leading gaming software firm and venture capital entity, Animoca Brands has publicized the specifics surrounding the MOCA token airdrop.
The initiative aims to distribute 10% of its total MOCA tokens, accounting for 31.7% of the whole incentive pool, to those who own Moca non-fungible tokens (NFTs). A third of the tokens will be made available right at the token generation event (TGE), with additional information to come shortly. Another third is set to be distributed weekly over the course of a year, commencing after a three-month grace period, while the final third will be designated solely for future rewards aimed at Moca NFT holders. To partake in the airdrop, users need to have the NFT in their possession when it’s time to claim.
The Moca ID airdrop will roll out in two distinct phases. The TGE unlock for 'Network Incentive' has been increased from 15% to 20%. In the first phase during the TGE, there won’t be any vesting, while further details regarding the subsequent phase that will kick off post-TGE will be shared soon. To be eligible for the airdrop, participants must meet a specific RP threshold, which will be disclosed as we approach the TGE, along with the mechanics involved. The higher the RP, the larger the number of MOCA tokens that users can qualify for. RP is essentially a measure of engagement, and the distribution of the airdrop will follow a non-linear model based on an evaluation of participant activity.
The overall cap for the airdrop will be dictated by the first two stages of the network incentive distribution being unlocked. This comprises the initial batch available at TGE and a second batch that will become accessible one month later.
Mocaverse The team is also contemplating the inclusion of external communities in the airdrop process. This could involve forming strategic partnerships and offering marketing incentives, among other approaches. Furthermore, the remaining Network Incentives, along with additional network tokens, will be allocated to all participants in line with a value-driven mechanism of the Moca Network. This will cater to holders of MOCA tokens, Moca IDs, and Moca NFTs.
Stay updated on cryptocurrency distributions via our Airdrops Calendar .
The MOCA Token Community Sale hosted on CoinList Sees Oversubscription
MOCA functions as a fungible token (FT) using the LayerZero v2 protocol. It drives the Moca Network, interacting with partner 'subnets' and users across a variety of fields including music, sports, gaming, education, and governance. Within this network, the token plays dual roles, acting both as a means of payment and a vehicle for governance. Additionally, holding this token is a sign of commitment to the Moca Network.
Recently, Mocaverse facilitated the MOCA token community sale on the cryptocurrency exchange CoinList. This sale generated an impressive $29.3 million from pre-deposit funds, with interest surpassing supply by more than 12 times. A grand total of 126,984,127 MOCA tokens were transacted at a price of $0.03938 each, with a minimum buy-in set at $100.
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