What is Mocaverse Coin (MOCA)? This is the explanation!

Bittime - Mocaverse (MOCA) is a utility and governance token that supports the Moca Network, a decentralized ecosystem that combines blockchain technology and culture. Created by Animoca Brands with the backing of leading VCs, $MOCA works in areas such as music, sports, gaming, and education.

What is Mocaverse Coin (MOCA)?

$MOCA is the token that powers the Moca Network, an interoperable cultural economy of associated “subnets” of partners and users, around key pillars such as music, sports, gaming, education, governance, and more, regardless of VM, L1 and L2 chains .

$MOCA is a fungible token (FT) built on the LayerZero v2 protocol, with a fixed supply of 8,888,888,888 tokens. $MOCA serves as a utility and governance token in the network, embodying the three pillars of Growth, Culture and Governance.

What Are the Tokenomics of Mocaverse Coin (MOCA) Like?

$MOCA tokenomics is designed to balance token releases based on the network's expected growth in partner and user base, as well as the Foundation's operational needs. More than 50% of the total token supply goes directly to the community, and the remainder is allocated to $MOCA operations and the foundation, strategic partners, and team.

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Who Created Mocaverse (MOCA)?

Animoca Brands is a leader in the digital entertainment, blockchain and gamification industries with more than 450 businesses in its portfolio. With the idea of ​​Mocaverse, the company seeks to encourage the expansion of decentralized technology and build an integrated ecosystem where digital economy and culture meet.

What VCs Support Mocaverse (MOCA)?

Animoca Brands, the brainchild behind Mocaverse, is backed by CMCC Global, OKX Ventures, and Polygon Ventures, among others. These investments represent a strategic vote of confidence and financial support. Critical financial resources, strategic guidance, and industry expertise are provided by these leading companies. 

This increases the project's credibility, drives continuous innovation, and enables expansion into markets around the world. With this support, Mocaverse will remain stable and grow in the long term, strengthening its position as the leader of the Web3 revolution.

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How Does Mocaverse (MOCA) Work?

Mocaverse relies on a model consisting of several key elements that aim to encourage the development of digital identity and cultural engagement through blockchain technology. Such as the following:

NFT Mocaverse

The Mocaverse NFT Collection consists of 8,888 unique profile picture (PFP) NFTs, called Mocas. Mocas is a digital identity that allows users to participate in various cultural experiences and earn rewards. Additionally, these NFTs give users exclusive access to the Mocaverse ecosystem and connect them to Animoca's extensive network of brands.

Mocha ID

Moca ID is a decentralized identity (DID) system that allows access to various decentralized applications (dApps) on the Moca Network. Serving as proof of identity, Moca ID allows access to Animoca Brands' extensive partner portfolio and ecosystem. On-chain identity is critical for seamless interactions across the ecosystem, allowing users to collect points and build their reputation in Mocaverse and beyond.

Mocana

Mocana is a hub for Web3 enthusiasts and explorers. It provides a platform where users can earn Realm Points (RP) through curated Web3 experiences and missions in various fields, such as gaming, music, digital IP, and sports.

Token MOCA

MOCA is the core token that powers the Moca Network and serves as a utility and governance token. As a utility token, MOCA serves as the primary means of paying for partner goods and services, such as digital purchases, gameplay improvements, and asset minting. 

Conclusion

Mocaverse (MOCA) is a decentralized ecosystem that combines blockchain technology and culture. The $MOCA token, which has a fixed supply of 8,888,888,888, functions as a utility and network management token. Mocaverse was created by Animoca Brands with the support of well-known investors such as CMCC Global, OKX Ventures, and Polygon Ventures.

Mocaverse aims to be a leader in the Web3 revolution, connecting the digital economy and culture in innovative ways. This ecosystem consists of unique NFTs (Mocas), a decentralized identity system (Moca ID), and a Web3 experience platform (Mocana).

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