The MOCA Token Subscription raised $29.3 million, which was 12 times oversubscribed

2024-05-05 10:06:10

MOCA代币认购最终募资2930万美元，共获得12倍超额认购

Community Culture Foundation and MOCA Token Issuance The MOCA Foundation announced the official end of the MOCA Token Subscription, with a total participation of $29.3 million, a total of 12 times oversubscribed (this data is calculated based on the number of available votes, excluding the guaranteed allocation). The final issuance of MOCA Tokens will take place on the new Launchpad platform MocaList, which is jointly launched by Mocaverse and CoinList. Moca ID holders will then be eligible to activate access from Mocaverse, Mocaverse partners, and select community distributions on CoinList through various events.

The Token Subscription began at 12 AM UTC on April 25, 2024 and exceeded its $5 million subscription in less than 6 hours, marking the fastest oversubscription on CoinList since 2024. The MOCA Token Subscription officially ended on May 2, making it the longest subscription on CoinList so far in 2024, with nearly 17, 000 unique KYC users from 123 different countries and regions participating, as well as representing an all-time high in Mocaverse community participation.

The final distribution results of the MOCA Token Subscription are expected to be announced on May 7, 2024, and the official Token Issuance may take place around May 24, 2024.

About MOCA Token Subscription

A total of 126, 984, 127 MOCA Tokens (1.5% of the total Token supply) are allocated to the MOCA Token Subscription at a price of $0.03938 each.
MOCA Token Total FDV (Fully Diluted Value) is $350 million.
On different levels, MOCA Token Subscription participants received the best preferential distribution terms, with 5% Token unlocked at the TGE Token Issuance event, a cliff period of 3 months, and a linear release of the subsequent 52 weeks to be supported by the CoinList platform.

About the MOCA Foundation

The MOCA Foundation is a community-shared foundation that aims to enhance Mocaverse’s network in the field of culture and entertainment, with a mission to foster community unity and collaboration, and to build leadership in governance, culture, and innovation for rising. In addition, it is positioned as the largest cultural and economic interactive platform in the Web3 field powered by the MOCA Token, and will also support the development of the Moca DAO in the future. The Moca DAO is an upcoming “DAO of DAO” whose members will first co-create MIPs and participate in empowered governance across DAO organizations through a unique delegation model.

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