Yat Siu, the founder of Animoca, has announced a giveaway of MOCA tokens and has disclosed the plans of the Moca Network.
Yat Siu, the founder of Animoca Brands, has disclosed a two-stage reward scheme for MOCA tokens. It is a giveaway in conjunction with the Christmas holiday celebration. Siu underscored the significance of commemorating the Moca Network’s launch despite his July post not garnering the anticipated 2000 retweets. The announcement has resulted in a 15% increase in the price of MOCA, as the token continues to experience impressive monthly growth, and has sparked excitement within the Web3 community.
Animoca Founder Unveils MOCA Rewards During the Christmas Holiday
On December 23, the founder of Animoca announced a MOCA token giveaway to reward early post-engagers and the broader Moca community. The giveaways will be implemented in two phases, with the initial phase prioritizing those who engaged with his initial post, as stated in the announcement. Yat Siu has invited the community to submit suggestions for creative engagement activities for the second stage.
This action serves as an indication of Siu’s dedication to the development of a decentralized and interconnected Web3 future via the Moca Network. The network, which Animoca powers, allows users to manage their digital identities, monetize data, and engage in seamless cross-platform activities. Additionally, the announcement has reignited enthusiasm for the project, illustrating its capacity to connect the Web2 and Web3 ecosystems.
With MOCA experiencing a 15% increase, the Moca Network is gaining momentum
The Mocaverse is revolutionizing digital identity through its decentralized solutions. The token’s price has increased by 15% in the past 24 hours due to the recent giveaway announcement by the founder of Animoca, which has sparked renewed interest. The price of MOCA experienced a remarkable 350% increase last week due to its listing on prominent exchanges such as Binance, Upbit, and Bithumb.
It is currently trading at $0.288, with a 24-hour trading volume of $620 million and a market capitalization of $459 million. This momentum underscores the robust investor confidence the token is gaining as it becomes more visible in the Web3 space.
On December 27, 692K MOCA tokens are scheduled to be unlocked, according to SoSo Value. Although token unlock events affect a relatively small percentage of the market, they frequently garner attention, which may impact short-term sentiment. It continues to establish itself as a premier Web3 asset through significant developments and robust growth.
In the interim, Moca 3.0, the most recent upgrade to the network, enables users to seamlessly interact across Web2 and Web3, monetize data, and control their identities. The token is becoming critical to the ecosystem’s success as the network develops its interoperable infrastructure.