mocaPrice

(MOCA)

MOCA is a fungible token (FT) built on the LayerZero v2 protocol, powering the Moca Network. It functions as both a utility and governance token, aiming to foster an interoperable cultural economy across diverse areas like music, sports, gaming, and education. It operates independently of specific virtual machines or blockchain layers and has a fixed total supply of 8,888,888,888 tokens, providing a foundational element for the network's decentralized vision.

The Moca Network is a decentralized identity infrastructure project designed to empower users with ownership and transferability of their digital identity, assets, and reputation across both Web2 and Web3 ecosystems. Its primary goal is to provide a universal account for users' digital elements, enabling seamless integration across various platforms. The network is building a chain-agnostic decentralized identity network, emphasizing privacy-preserved infrastructure for identity verifications and ensuring interoperability of users and data across multiple industries.

The MOCA token serves multiple essential utilities within the Moca Network. It acts as the primary payment currency for partner products and services, including digital purchases and premium gameplay items. MOCA is also used for network fees, covering abstracted gas and digital identity management services on a 'pay-per-usage' basis. Furthermore, it is central to the Moca DAO's governance, allowing holders to vote on proposals. Lastly, holding and staking MOCA signifies user loyalty, granting access to ecosystem rewards, digital asset accelerators, and boosting eligibility for programs like MocaDrop and exclusive token drops.

Mocaverse, which underpins the Moca Network, was created by Animoca Brands, a prominent company recognized for its contributions to digital entertainment, blockchain, and gamification. The project has garnered significant support and investment from several venture capitalists and strategic partners. These include notable entities such as CMCC Global, OKX Ventures, and Polygon Ventures. This strong backing from established industry players highlights the credibility and potential of the Moca Network's vision and development within the Web3 space.

MOCA has a fixed total supply of 8,888,888,888 tokens. The distribution strategy heavily favors community engagement, with more than 50% of the total token supply allocated directly to the community. The remaining supply is reserved for operational necessities, strategic partnerships, and the core development team. Specific allocations include network incentives (31.5%), ecosystem & treasury (20%), strategic partners (13%), liquidity (10%), the team (12%), launch contributors & advisors (7%), operational expenses (5%), and a community sale (1.5%).

Moca ID is a decentralized identity (DID) system integral to the Moca Network, providing users with a universal identity to access various decentralized applications (dApps). The AIR Kit, which stands for Assets, Identity, Reputation Kit, is a key product developed by the Moca Network. It enables both Web2 and Web3 projects to seamlessly integrate universal embedded accounts. This allows users to maintain ownership and transfer their digital assets, identity, and reputation data consistently and securely across different applications and blockchain ecosystems, fostering true interoperability.