What is the $MOCA Token?
$MOCA is the native token of the Moca Network. The Moca Network is an interoperable cultural economy consisting of partner "subnets" and their users, covering key areas such as music, sports, games, education, and governance. The network is not restricted by any virtual machine (VM), first layer (L1) and second layer (L2) chain, ensuring its efficient and flexible operation.
$MOCA is built on the LayerZero v2 protocol and is a fungible token (FT) with a fixed supply of 8,888,888,888. As a utility and governance token within the Moca Network, $MOCA embodies the three pillars of growth, culture, and governance.
$MOCA Token Economics
The $MOCA token economics is designed to find a balance between the expected network growth of partners and user base and the operational needs of the foundation. More than 50% of the total token supply goes directly to the community, and the rest is allocated to the $MOCA Foundation, strategic partners, and team to support operations and development.
Token Information and Distribution
Token Name: Moca
Token Symbol: $MOCA
Total Supply: 8,888,888,888
Token Distribution
1. Strategic Partners (13% - 1,155,555,555 tokens)
1. Goal: Incentivize key partners to bring benefits that enhance the network
2. TGE (Initial Token Generation): 0%
3. Cliff Period: 12 months
4. Unlock Period: 18 months
2. Ecosystem and Treasury (20% - 1,777,777,778 tokens)
1. Goal: Capital reserve to promote network expansion
2. TGE: 10%
3. Unlock Period: 48 months
3. Team (12% - 1,066,666,667 tokens)
1. Goal: Incentivize the team to expand the network through development and marketing efforts
2. TGE: 0%
3. Cliff period: 18 months
4. Unlock period: 30 months
4. Liquidity (10% - 888,888,889 tokens)
1. Goal: Mitigate volatility and provide network stability through token liquidity
2. TGE: 50%
3. Unlock period: 12 months
5. Operating expenses (5% - 444,444,444 tokens)
1. Goal: Provide initial liquidity for the project for key expenses in network operations
2. TGE: 20%
3. Unlock period: 24 months
6. Network incentives (31.5% - 2,800,000,000 tokens)
1. Goal: Guide community growth and promote user participation in the network
2. TGE: 20%
3. Unlock period: 24 months
7. Launch Contributors and Advisors (7% - 622,222,222 tokens)
1. Goal: Incentivize contributors who help launch the Moca network
2. TGE: 0%
3. Cliff period: 18 months
4. Unlock period: 18 months
8. Community Sale (1.5% - 133,333,333 tokens)
1. Goal: Establish incentive alignment between the project and the community
2. TGE: 5%
3. Cliff period: 3 months
4. Unlock period: 52 weeks
Conclusion: The $MOCA token economics is designed to drive the continued growth and development of the Moca network through strategic token distribution and incentive mechanisms. By encouraging active participation from partners and the community, $MOCA not only promotes the expansion of the network, but also provides users with multiple opportunities to participate and benefit. As the Moca Network continues to grow, $MOCA will continue to play a key role in promoting growth, cultural dissemination, and governance.