Animoca Brands Announces MOCA Token Generation Event and Staking Feature

IconCryptoNewsTerminal Staff10 Jul, 2024

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Animoca Brands Announces MOCA Token Generation Event and Staking Feature

Animoca Brands, a leading NFT and blockchain game developer and investor, has announced that it will be launching a token generation event (TGE) for its in-house NFT project, MOCA, alongside a staking feature. The TGE and staking will begin on August 31, 2023. Users who participate in the TGE will be able to purchase MOCA tokens at a discounted price. MOCA tokens can be used to purchase NFTs on the MOCA marketplace, as well as to participate in governance and staking. Animoca Brands is also introducing a staking feature that will allow users to stake MOCA tokens or MOCA NFTs to earn staking power. Staking power can be used to earn rewards, such as access to exclusive content, early access to new features, and voting rights in governance decisions. The MOCA TGE and staking feature are expected to generate significant interest from investors and NFT enthusiasts. Animoca Brands has a strong track record of success in the NFT and blockchain gaming space, and its MOCA project is expected to be a major player in the NFT market.

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