Mocaverse Allocates Massive 10% of MOCA Supply to NFT Holders
CryptoNewsTerminal Staff22 May, 2024
Mocaverse Allocates Massive 10% of MOCA Supply to NFT Holders
In a recent development, Mocaverse, the flagship NFT project developed by Animoca Brands, has announced the tokenomics and allocation details for its native token, MOCA. According to the official announcement made through Mocaverse's Twitter handle, the total supply of MOCA is set at 8,888,888,888 tokens. Notably, the project has allocated a significant portion (10%) of the total token supply to the holders of the 8,888 Mocaverse NFTs. The distribution of this allocated supply will occur in phases. During the Token Generation Event (TGE), one-third of the supply will be distributed to eligible NFT holders, with the remaining tokens gradually distributed over time. Mocaverse further hinted at additional airdrop criteria, which will be revealed closer to the TGE date. It is worth mentioning that Mocaverse is a highly anticipated NFT-based metaverse project that has garnered significant attention within the blockchain gaming and NFT communities. The project's commitment to rewarding its early supporters by allocating a substantial portion of the token supply to NFT holders is a testament to its long-term vision and community-centric approach.
