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Cryptocurrency News Articles

Yat Siu Announces the Next Phase of 300,000 MOCA Tokens, with Winners Selected Through the KIP Protocol AI

Jan 13, 2025 at 04:15 pm

On Jan. 13, Yat Siu, co-founder and executive chairman of Animoca Brands, announced the requirements for the second phase of the Moca Network (MOCA) token airdrop.

Yat Siu Announces the Next Phase of 300,000 MOCA Tokens, with Winners Selected Through the KIP Protocol AI

Web3 project Animoca Brands is continuing its MOCA token airdrop with a second phase, aiming to distribute 300,000 MOCA tokens to members of the Mocaverse community.

On Jan. 13, Yat Siu, co-founder and executive chairman of Animoca Brands, announced the requirements for the second phase of the Moca Network (MOCA) token airdrop, which will distribute 300,000 MOCA tokens to Mocaverse community members.

Yat Siu recently shared details about the airdrop on X, outlining the steps for participation. To join, users must submit their MOCA ID, share their thoughts on Mocaverse, and complete specific tasks, such as following and retweeting the announcement.

1/ Announcing the details of the 2nd stage for the 300k @Moca_Network $moca giveaway to start you need to:

Follow: @ysiu @Moca_Network @MOCAFoundation @animocabrands

RT and tag 3 frens interested in web3 and share your MOCA ID (free if need one at https://t.co/gRD7URKZQd)

The recipients will be selected using the KIP Protocol AI framework, which is designed to ensure a structured and unbiased process.

This advanced system will evaluate participants based on predefined criteria, enhancing transparency and promoting a fair and inclusive distribution of tokens within the Mocaverse community.

This second stage builds on a previous airdrop campaign, which was launched in December 2024 as part of the Token Generation Event for the Mocaverse project. In the first phase, community members who participated in community conversations and actively engaged with MOCA NFT-related tweets were rewarded.

1st stage will be rewarding initial post engagers and the $MOCA fam and am considering the 2nd stage for community engagement. Open to suggestions what kind of activation I should do for Part 2!

Animoca Brands' Mocaverse is an NFT project that unites its ecosystem of Web3 projects, partners, and users. The MOCA token serves as a utility token, facilitating participation in governance and encouraging user contributions.

As of Jan. 13, the MOCA token trades at $0.2123, with a 24-hour trading volume of $36.21 million. The market capitalization is around $345.16 million, with a circulating supply of 1.63 billion MOCA tokens.

The impact of this second-phase airdrop on the token’s price is yet to be seen. Airdrops often drive trading activity, but the influx of tokens can sometimes lead to short-term selling pressure, decreasing the price temporarily.

On the other hand, the increased engagement and broader distribution could strengthen the long-term value by building a more active and invested community. The market's response to this airdrop will become evident in the coming weeks.

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