What is Mocaverse and $MOCA ?
Mocaverse is building the largest on-chain cultural economy by connecting and scaling the network effect of the Moca Network and this will be powered by $MOCA.
$MOCA is the power behind the Moca Network, an interoperable cultural economy of partner “subnets” and users of industries like music, sports, gaming, education, governance, and more, across any VMs, 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.
Serving as a utility and governance token within the network, $MOCA embodies three pillars:
Growth, Culture, Governance.
Mocaverse is a consumer network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems across the Moca Network, seeded by AnimocaBrands.
Animoca itself should not be alien to any web3 enjooor as they have been at the forefront of growth processes, and they also reported 72% growth in Q1, cash of $291m bringing its total overall token & cash assets to approx. $2.7b just ahead of the launch of $MOCA Moca Network
$MOCA Token Utility includes :
Proof-Of-Loyalty
Users prove loyalty in the Moca Network by holding $MOCA and for how long they hold it. Examples:
– Ecosystem Rewards: Loyalty-based rewards from Moca network partners.
– Digital Asset Accelerator: Loyalty-based access to opportunities through launchpads, etc.
Growth Suite
Growth products and services let users earn using their data and reputation:
– Pay-to-Reach
– Boost with reputation
– Stake-to-access
Representation of Culture
The Moca Network spans gaming, music, sports, and more, attracting projects and rewarding loyal $MOCA holders.
Governance Voting
$MOCA is important for the governance of the Moca DAO:
– Vote on Moca Improvement Proposals (MIPs).
– Vote in partnered DAOs through delegated voting.
Payment Currency
Use $MOCA to pay for partner products and services:
– Commerce: Digital purchases e.g.,collectibles.
– Gameplay Sinks: Premium gameplay purchases.
– Launcher: Minting new assets.
Transaction Fees
Access various Moca Network services by spending $MOCA on a “pay per usage” basis:
– Abstracted Gas Fees: One token to pay for gas across multiple chains.
– Digital Identity Service: Identity creation, management, and KYC.
– Reputation Attestation Oracle: Reputation-based composable identity.
Members of our community Tentacles hub which we introduced to Phaver were able to get their hands on the MOCA ID which of course qualifies you for the $MOCA airdrop, I am excited about the possibilities that mocaverse brings to web3 gaming with their interoperability infrastructure, today is another huge step in the process as the $MOCA token which will power the ecosystem goes live.
If you are part of our community and own a MOCA ID, do well to check this out also for details on the $MOCA token airdrop.
