MocaPortfolio Launches First Token Drop in Partnership with Magic Eden

MocaPortfolio Launches First Token Drop with Magic Eden (ME)

MocaPortfolio has unveiled its first token drop in collaboration with Magic Eden, allocating $20 million worth of tokens from Animoca Brands' ecosystem. The initial drop is part of a series of planned events designed to engage participants, including various staking opportunities.

Key Takeaways

MocaPortfolio has initiated its first token drop with Magic Eden, valuing at $20 million.
Existing MOCA Stakers can participate through a dedicated link, while new players can stake MOCA tokens for rapid access.
Moca Network aims to create a decentralized identity network, enhancing user interoperability across various ecosystems.

Introduction of MocaPortfolio Token Drop

MocaPortfolio has earmarked tokens valued at $20 million from projects associated with Animoca Brands' ecosystem. This event marks the first in a series of upcoming token drops, introducing exciting opportunities for engagement.

How to Participate in the Token Drop

To participate in the Magic Eden token drop, existing MOCA Stakers should visit: Mocaverse.xyz/mocaportfolio/project/magic-eden. New players can access a fast-tracking option by staking 57,870 MOCA tokens for just 24 hours. Participants can immediately start generating Staking Power by staking MOCA tokens and/or Moca NFTs through the website mocaverse.xyz/stake.

Insights from the Moca Network

Kenneth Shek, the project lead of Moca Network, provided insights on their ambitious plans:
“Moca Network is focused on developing the world's largest chain-agnostic decentralized identity network. This network will feature a privacy-protected infrastructure for identity verification, allowing interoperability for users and data across various ecosystems and businesses. It unites over 600 portfolio companies, aiming to serve more than 700 million potential customers, along with numerous corporate partners. The MOCA Coin will function as both the utility and governance token for the Moca Network.”

In summary, MocaPortfolio's launch with Magic Eden represents an exciting advancement in the blockchain ecosystem, inviting both existing and new participants to engage in this innovative space.