Bittime - Mocaverse, Animoca Brands' Web3 metaverse project, has just announced the MOCA token airdrop details. Through an announcement on Twitter, Mocaverse said that Moca NFT and Moca ID holders are entitled to a share of this MOCA token allocation.
MOCA Airdrop Details
Here are some important points regarding the MOCA token airdrop.
- Allocation for Moca NFT Holders: A total of 10% of the total supply of MOCA tokens, equivalent to 31.7% of the total Network Incentives allocation, will be allocated to Moca NFT holders. Of this amount, 1/3 will be unlocked during the Token Generation Event (TGE). Further information regarding the details of the remaining distribution will be announced later.
- Moca ID Airdrop: The airdrop for Moca ID will be carried out in two stages. Details regarding the second phase will also be announced later.
- Increased Unlock "Network Incentives" at TGE: The proportion of "Network Incentives" unlocked at TGE is increased from 15% to 20%.
- Maximum Airdrop Limit: The total airdrop will be limited by the two initial stages of Network Incentives distribution, the first stage opening at TGE and the second stage one month after TGE.
- External Community Considerations: Mocaverse is considering incorporating external communities into airdrop distribution, not limited to strategic partnerships and marketing incentives.
- Final Changes: Details currently announced may undergo changes prior to the airdrop.
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Airdrop Distribution for Moca NFT Holders
- Allocation: 10% of the total MOCA token supply
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Distribution:
- 1/3 opened (unlocked) during TGE
- 1/3 will be given gradually (vested) every week for 12 months after 3 months
- 1/3 is allocated specifically for future Moca NFT incentive programs
- Eligibility Requirements: To be eligible to receive the airdrop, you must hold the Moca NFT at the time of airdrop collection.
Airdrop distribution for Moca ID holders
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Stage: Airdrop for Moca ID will be carried out in 2 stages:
- Stage 1 (at the time of TGE): No vesting
- Stage 2 (post-TGE): Details will be announced later
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Eligibility Requirements: There will be a minimum Reward Points (RP) requirement to be able to receive the airdrop. Details regarding the RP threshold and mechanism will be announced closer to TGE.
- The more RP you have, the greater the number of MOCA tokens you receive. RP is a form of proof-of-engagement, and airdrop distribution will be carried out non-linearly based on evaluation of user participation.
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Use of Network Incentives
The remaining allocation of Network Incentives and other network tokens will be distributed to all Moca Network participants based on a value-based mechanism, namely:
- MOCA Token Holder
- Moca ID holder
- Moca NFT holder
Further details regarding the use of Network Incentives will be announced after TGE.
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Also Read:
LightLink Airdrops 1,000 LL Tokens for Every NFT Mocavers!
MOCA Token Distribution is a Huge Success with 12x Oversubscription!
Mocaverse NFT Joins Memecoin, New Integration With CoinList
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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