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MOCA Foundation Announces Completion of Token Public Offering

03/05/2024 15:44

According to PANews, the MOCA Foundation has announced the completion of its token public offering. The final allocation results of the MOCA token issuance event are expected to be announced on May 7, with token distribution to take place around May 24. The MOCA token issuance details are as follows: a total of 126,984,127 MOCA tokens were offered, accounting for 1.5% of the total token supply. Each token was priced at $0.03938. The FDV of the total MOCA token supply is $350,000,000. Participants in the MOCA token issuance received the most favorable ownership terms in different vertical fields, with 5% unlocked at TGE, a three-month cliff period, and a 52-week linear release driven by the CoinList platform. On May 2, according to official news, Mocaverse, a Web3 project under Animoca Brands, announced that the MOCA token public offering had ended, raising a total of $29.3 million in pre-deposit funds with over 12 times oversubscription. During this period, 17,000 KYC-completed users participated, with 87% of NFT Lots guaranteed by Moca NFT holders. The final sales results will be announced on May 7, and unsuccessful pledge funds will be returned to users' CoinList accounts on the same day.

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