Imagine a cross-chain ecosystem with its own currency and support for cultural projects. This is the MOCA coin platform, a versatile solution for those looking to engage in multiple activities all in one place.
MOCA coin is part of a broader project that includes the Mocaverse and the Moca Network, designed to offer a more complete experience in the cryptocurrency world without the need to access multiple apps or chains.
MOCA Coin’s Market Context
MOCA coin comes as part of a large package, developed by Animoca Brands, a company that has been investing in crypto projects for over ten years. This coin serves as a means of payment for various activities on the platform, as well as being used for staking.
Project History
Animoca Brands is a Hong Kong-based company specializing in blockchain gamification. Founded in 2014, it has developed over 540 gaming projects. The co-founder is Yat Siu, who also serves as executive chairman and director of Animoca.
Platform Where MOCA Operates
MOCA runs on version 2 of LayerZero, a cross-chain communication protocol. The idea is to simplify token transactions across different networks, allowing users to trade without having to switch between chains.
The Mocaverse integrates blockchain technology and brings together not just a space for trading currencies, but also for games, music, anime, sports, and NFTs. One of its key features is MocaID, a digital identifier that carries a reputation score within the environment.
Mocana is the gaming part of the MOCA coin ecosystem, with missions to complete that help improve reputation. There are two games: Cosmic Royale, a racing game, and Cosmic Bomber, a bomb-launching game.
MOCA Coin Use Cases
MOCA is a governance token, meaning its holders have voting power in assemblies to decide on platform improvements. It’s also used for paying transaction fees within the platform.
Fun Facts
The Moca Network has a protocol called Proof of Loyalty, which rewards users with more points and reputation the longer they keep their coins staked. The longer the coins remain staked, the more exclusive benefits they receive.
MOCA Tokenomics
The total supply of MOCA coin is 8,888,888,888 units. According to the developers, more than 50% will go to the community. The coin can be used as a payment method to gain early access to digital assets and network privileges.
Airdrop
Ten percent of the total supply was made available through an airdrop for holders of MOCA NFTs. This process was divided into three phases. The first took place during the coin generation event, the next will roll out over the course of a year, and the final stage is reserved for future events.
MOCA Coin Distribution
The MOCA coin will be distributed as follows: 13% to strategic Mocaverse partners, 20% to the treasury, 12% to the team, 10% to liquidity, 5% to operational expenses, 31.5% to platform growth, 7% to collaborator incentives, and 1.5% to the community.
Tools to Track MOCA's Price with NovaDAX
Track MOCA and other cryptocurrency prices on NovaDAX’s Web3 platform and access real-time verification tools. Assess the best time to buy or sell your digital assets by analyzing constantly updated charts. You can select the time frame, from minute-by-minute to month-by-month analysis.
Advantages of Investing with NovaDAX
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