The news has stoked enthusiasm among the Web3 community, driving the price of MOCA by 18%.
On December 27, 692K MOCA tokens will be unlocked, according to SoSo Value.
Yat Siu, founder of Animoca Brands, has revealed two-phased reward plans for MOCA tokens. As part of the Christmas spirit, it is being given away. Siu placed an emphasis on commemorating the success of the Moca Network launch. The news has stoked enthusiasm among the Web3 community. Causing the price of MOCA to rise by 18% as the token maintains its remarkable monthly increase.
In order to reward early post-engagers and the wider Moca community, the founder of Animoca announced a MOCA token giveaway on December 23. There will be two phases to the giveaways, according to the statement. The first will give priority to anyone who engaged with his initial post. Yat Siu has opened the floor to community recommendations for innovative engagement activities for the second stage.
Reignited Interest in MOCA Token
This action showcases Siu’s dedication to establishing a future for Web3 that is both decentralized and linked via the Moca Network. The Animoca-powered network gives users full command over their digital identities. And lets them make money off of their data, and facilitates frictionless interactions across all platforms.
Because it uses decentralized methods, the Mocaverse is changing the face of digital identity. The revelation of the Animoca founder’s giveaway has reignited interest in the token, driving its price up 18% in the last 24 hours as per data from CMC. Following its launch on major exchanges including Binance, Upbit, and Bithumb, the price of MOCA rose by an astonishing 370% last week.
On December 27, 692K MOCA tokens will be unlocked, according to SoSoValue. Although they only account for a tiny fraction of tokens unlocked, these events tend to get market attention and may influence sentiment in the near term.
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