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Mocaverse MOCA Token Over $29 Million Committed

The MOCA Foundation concludes its $MOCA Token Launch with $29.3 million committed at 12x oversubscription.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Mocaverse MOCA Token Over $29 Million Committed

Mocaverse, the marquee growth network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands, recently announced a strategic collaboration with CoinList to co-launch MocaList. The MOCA Foundation also just concluded its $MOCA Token Launch with $29.3 million committed at 12x oversubscription.

MocaList is a token launch platform exclusively for the Mocaverse community and designed to facilitate priority access to culture and entertainment within the blockchain space. Raghav Gulati, CEO of CoiCoinListnList, expressed enthusiasm about the partnership, stating: 

“CoinList helps builders launch and grow their crypto products and protocols. Rather than limiting all launches to just CoinList, we are excited to share our tools and capabilities more broadly to empower the best platforms, like Mocaverse, to launch exceptional products."

Mocaverse and CoinList Launch MocaList

Over $29 Million Committed

The MOCA Foundation, a community-owned cultural foundation and steward of $MOCA Token announced the successful conclusion of the $MOCA Token Launch.

The total pre-deposited funds of $29.3 million, representing a 12x oversubscription (oversubscription was calculated based on the available Lots excluding guaranteed allocation). The $MOCA Token Launch was conducted on MocaList, a new co-branded token launchpad jointly launched by Mocaverse and CoinList.

Access to the offering was gated by Moca ID, with access distributed to curated communities from Mocaverse, its Mocaverse Partners Network, and CoinList via various activation campaigns.

MOCA Foundation

Fastest Token Launch on CoinList

The sale started on 25th April 2024 and quickly surpassed its $5 million sale target in less than 6 hours, marking the fastest token launch on CoinList in 2024 to reach oversubscription.

The $MOCA Token Launch ended on 2nd May, becoming the top-funded sale on CoinList so far in 2024 - with participation from nearly 17,000 unique KYC-ed users from 123 different countries and record participation from the Mocaverse community. 

Final allocations for the $MOCA Token Launch are expected to be announced this coming week on 7th May 2024, with the token distribution to take place later this month - on or around 24th May 2024.

Mocaverse MOCA Token Over $29 Million Committed

$MOCA Token Launch Stats

  • A total of 126,984,127 $MOCA Tokens, representing 1.5% of the total token supply, were allocated for the $MOCA Token Launch at a price of US$0.03938 each.
  • Fully diluted value of the total $MOCA Token supply is US$350,000,000.
  • Participants in the $MOCA Token Launch received the most favorable vesting terms across different verticals, with 5% unlocked at TGE, a 3-month cliff period, and a 52-week linear release facilitated by the CoinList platform.

The MOCA Foundation

MOCA Foundation is a community-owned foundation that aims to supercharge Mocaverse’s network effects for culture and entertainment. Its mission is to empower unity and collaboration and to be at the forefront of innovation in governance, culture, and growth.

It serves as the platform to build the largest interoperable cultural economy in the web3 space powered by the $MOCA Token and support the growth of Moca DAO, an upcoming “DAO of DAOs” where members will take the lead in co-creating MIPs and engaging in cross-DAO empowerment through unique delegation models.

Mocaverse

Final Thoughts

MocaList aims to create powerful network effects by leveraging CoinList's community of 11 million early adopters and Mocaverse’s access to over 400 Animoca Brands portfolio companies, over 1 million Moca ID accounts, and its wide suite of infrastructure and growth products. Through this collaboration, Mocaverse and CoinList will deliver premium opportunities and seamless, rewarding web3 experiences to both their communities. 

Kenneth Shek, Mocaverse Lead, added: "The network effect of Mocaverse is formed through co-building within our Mocaverse Partner Network, granting our partners and users access and sharing the collective success of the network. With CoinList’s licensing and KYC infrastructure, deep early adopter user base, and Mocaverse’s ever-expanding ecosystem, we are confident that we can bring significant value to participating projects and our community.”

Follow Mocaverse on XMedium, and Discord server or CoinList on X and blog to receive updates on MocaList and the opportunities it will bring to both the Mocaverse and CoinList communities.


NewsTokenInvestments

updated:

May 4th 2024

posted:

May 4th 2024

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