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Mocaverse Review: NFT Project Backed by Animoca Brands

Mocaverse is an NFT project funded and developed by the investment fund Animoca Brands. It aims to bridge the Web3 and Metaverse communities.

What is Mocaverse?

Mocaverse is a collection of NFTs developed by Animoca Brands, an investment fund specializing in gaming, NFTs, and the metaverse. Consisting of 8,888 PFP NFTs, each representing a Mocas, an animated character with themes related to the Web3 world, Mocaverse is divided into five tribes, including Dreamers, Builders, Angels, Connectors, and Neo-Capitalists

Each tribe possesses unique characteristics and abilities that enhance their strength when combined. This special feature distinguishes the NFTs and connects members of Animoca Brands, partners, and projects within the ecosystem, fostering a positive community.

Read More: Coinlist Review: Ideal Cryptocurrency ICO And IDO Platform For Investors

Products of Mocaverse

  • Mocaverse NFT (06/03/2023): The Moca NFT set is available on Mocaverse.
  • Moca XP (23/03/2023): Reward points for users engaging in activities within Mocaverse.
  • Mocana (27/03/2023): User ranking board determined by reward points (XP and RP).
  • Moca ID (28/10/2023): On-chain Decentralized Identifier (DID) for Mocaverse users, along with reward points.
  • $MOCA (29/03/2024): The token of the Mocaverse ecosystem.
  • Mocalist (05/04/2024): Launchpad platform developed in collaboration with Coinlist on Mocaverse.

Read More: Animoca Brands Review: Top Metaverse And Gaming Specialized Investment Fund

Benefits of Mocas NFT holders

  • Learn: Take part in AMA sessions and Masterclasses.
  • Play: Engage in gaming experiences within the ecosystem and own exclusive in-game assets.
  • Build: Join the accelerator program (development program).
  • Develop: Organize and design social courses.
  • Access a portfolio of over 380 projects, including blockchain games, esports, platforms, and marketplaces.
  • Participate in beta testing programs for new games or products within the system.
  • Enjoy discounts and offers when using products or services from Animoca Brands.
  • Receive support for project-related courses or volunteer programs.

Information about the $MOCA public sale

  • Total supply: 8,888,888,888 $MOCA
  • Tokens allocated for Public Sale: 126,984,127 MOCA tokens
  • Purchase amount: $100 for 2,539 MOCA, equivalent to 1 MOCA = $0.03938558
  • Token distribution schedule: 5% unlocked at TGE, locked for 3 months, then distributed weekly over 12 months
  • Payment methods: USDT/USDC
  • Prerequisite: Must have a Moca ID
  • Participation conditions: Users with a Moca ID can participate with the following priority order – Moca NFT > Guaranteed Codes > Waitlist Codes > Other Moca ID users

How to own $MOCA purchase slots

Moca NFT Guaranteed Lots

  • These slots are airdropped directly to Moca NFT Holders, similar to Guaranteed Lots but non-transferable.
  • NFT Guaranteed Lots are associated with the user’s NFT, and the allocation depends on the number of Moca NFTs held, the Experience Points (XP) of the held Moca NFTs, and the 1/1 Trait.
  • There is no requirement for Lots or commitments exceeding the Lots allocation. While Guaranteed Lots and Waitlist Lots offer users priority allocation chances, it is not mandatory to participate in the Public Sale. Anyone with a Moca ID can join and receive priority after users with Lots. Users can increase their chance of receiving an allocation by committing more financially than their Lots allocation. Moca IDs with high financial commitments ranked at the top may receive additional bonuses!

How to Own Public Sale Codes

For Moca NFT Holders:

  • Each Moca NFT will include a minimum of 3 Guaranteed Lots, which can accumulate with multiple NFT holdings. Moreover, additional Guaranteed rewards are available if the participant’s Moca NFT reaches a specific XP threshold and possesses a unique 1/1 rarity.
  • Connect your Moca NFT wallet before 03/04/2024 to gain a Waitlist Lots Bonus. You will receive 3 bonus Waitlist Lots (subject to change) for each NFT, which can be shared with friends. There is no maximum limit on NFT Guaranteed Lots.

For Users with Moca ID:

  • Shard Rush: The Shard Rush Mining Period 3 is the final round, allowing users to create Shards for crafting Public Sale Codes. After crafting for the community sale, all Shards will be burned, and future Shard Rush events will be introduced.
  • Crafting Public Sale Codes: Utilize Shards earned in Mining Periods 1-3 to craft codes, offering additional benefits beyond the previous mining rewards. Each Moca ID can craft up to 30 codes (Guaranteed + Waitlist). The Code Limit per Moca ID allows a maximum of 10 Lots (up to 3 Public Guaranteed Lots maximum).
  • Partner Community: Engage with key partner communities of the Mocaverse to acquire more codes.
  • Realm Ticket Holders: Connect the Realm Ticket wallet as a Giveaway Wallet in “Manage My Account” before 15:00 PM on 08/04/2024 Vietnam time to receive a code airdrop!

For “Whales” (Large Investors):

  • Whale Allocation: A minimum commitment of 100,000 USD is required to participate in the Whale Round during this Public Sale and secure an allocation.
  • Limited Whale Allocation: The total public sale allocation for Whales is set at 500,000 USD, distributed based on the proportion of participating Whales. For instance, if 100 Whales commit a minimum of 100,000 USD each, every Whale will receive a guaranteed allocation of 5,000 USD (equivalent to 1% of the total 500,000 USD).

Tokenomics

Token Metrics

  • Ticker: MOCA
  • Total Supply: 8,888,888,888 MOCA

Token Allocation

  • Network Incentives: 31.5%
  • Ecosystem & Treasury: 20%
  • Strategic Partners: 13%
  • Team: 12%
  • Liquidity: 10%
  • Launch Contributors & Advisors: 7%
  • Operational Expenses: 5%
  • Community Sale: 1.5%

Token Use Cases

  • Gas fees for activities on the platform
  • The privilege of participating in the product experience offered by the project, such as MocaList Launchpad
  • Payment method for products and services offered by project partners
  • Entitlement to receive rewards
  • Opportunity to vote for project changes

Team and Investors

Team

The Mocaverse project team comprises blockchain experts, including:

  • Yat Siu is the chairman and CEO of Animoca Brands, boasting over 20 years of experience in the technology sector.
  • Timmy Chan: CEO of Animoca Brands, known for his expertise in developing blockchain projects and for aiding Animoca Brands in becoming one of the world’s foremost investment funds.
  • Cassie Chan: CMO of Animoca Brands.

Additionally, the team consists of various other members, like Tyler Durden, Head of Projects at Mocaverse.

Investor and partners

In September 2023, Mocaverse secured $20 million in funding. The round was led by Animoca Brands, with CMCC Global as the primary investor. Other participants included Kingsway Capital, Liberty City Ventures, and GameFi Ventures. Prominent figures such as Aleksander Larsen, co-founder of Sky Mavis, and Gabby Dizon, founder of Yield Guild Games, were notable contributors to the funding.

Furthermore, on December 8, 2023, Animoca Brands announced a successful second funding round for Mocaverse, raising an additional $11.88 million, bringing the total investment in Mocaverse to $31.88 million.

Roadmap

The project has not yet released an official roadmap.

Conclusion

The Mocaverse NFT collection stands out in terms of solid, creative developments. Despite a slow start, Mocaverse showed strong growth with the Moca ID launch.

CoinCu rates Animoca Brands’ features and ecosystem attracted many users to Mocaverse, creating a network effect. Mocaverse aims to become an ecosystem with user-focused applications like NFTs and gaming.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

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