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  • Writer's pictureKyle

The $Moca Litepaper Was Released Today. Here's What You Need To Know:

The Moca Foundation released its $Moca token Litepaper today, explaining what they are brewing and why.


As the web3 world enjoyed their morning cup of coffee on Friday, the Moca Foundation released an 11-page Litepaper on the Moca Network’s $Moca token, which is set to launch later this month.


“1 $MOCA to unite all cultures,” the Moca Foundation tweeted. “Powering the Moca Network, $MOCA enables users to access consumer apps in key cultural verticals like gaming, sports and IP, creating the network effect for true consumer crypto adoption. Read the $MOCA litepaper here: https://mocacoin.gitbook.io/litepaper





In the Litepaper, the Moca Foundation explains that $MOCA is an omni-chain utility and governance token. It can be used on any chain and is designed to follow its community wherever they choose to participate within the broader 'Moca ecosystem.'





Today’s litepaper comes just two days after the Moca Network’s Tyler Durden announced that Moca ID holders will need to have earned 1,500 RP points to be eligible for a $Moca airdrop, and that Moca NFT holders' decision to claim will be gamified with bonuses for those who choose to claim later.





“We want $MOCA to become the gem that you can find in this cycle, and not everything getting priced in on day 1,” he tweeted on Wednesday. “Listing and airdrop is only the start, and building up from there is far better than the opposite.”

 

Take a look at $Moca’s complete token allocation below:




 

The Bored Ape Gazette will continue to follow $Moca and will let you know when the token launches later this month. Stay tuned for updates!

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