Alongside Animoca Brands’ interoperable network project Mocaverse launching its MOCA token on 11th July, Animoca chairman Yat Siu has compiled a deep-dive into the purpose such tokens fulfil in the realm of web3.
So while Moca NFT holders weigh the pros and cons of whether to sell now or stake their MOCA for a greater future reward, Siu’s intellectual discussion on Mocaverse as a long-term investment project could be seen as an encouragement to do the latter.
He argues that digital tokens – such as MOCA – create a “novel way to own a piece of the network effect”. More specifically in the case of Mocaverse, he says it’s creating “an interoperable infrastructure stack” that will enhance networks effects, in part through its Moca ID reputation system that allows everyone to see how much value a user contributes to the overall network.
How Mocaverse’s MOCA token launch will sit in a sector that’s been beaten down by around 50% in terms of price over the past couple of months remains to be seen, however.
Still, in terms of its performance to-date, the price is up 225% from its pre-sale price of $0.04 to $0.13 at time of writing (12 pm BST).
And with a current market cap of 144 million, the token already ranks within the top 300 cryptos.
At present 14% of the token’s total supply of 8.9 billion is live, with community allocations granted in two ways that are not mutually exclusive.
The first was via ownership of the 8,888 Mocaverse NFTs that were originally minted for free in March 2023. The other is in terms of how many Realm Points Moca ID account owners have earned by completing social farming and partner missions over the past months.
Those claiming their MOCA tokens can choose not to take their entire allocation, instead choosing to ‘Claim Extra’. This means a smaller claim now, with further claims on 11th October and then more tokens vesting weekly until 10th October 2025.
In addition, MOCA holders are also able to stake their tokens and NFTs to gain points, which will unlock additional benefits such as access to future token sales and staking pool rewards from some of the 450 partner companies in Animoca’s network.
You even get a 50% points boost for the next two weeks.
