Mocha Network Launches KRW 27.8 Billion "Mocha Portfolio"

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Animoca Brands Ecosystem Offers Opportunities to Participate…MagicEden Tokens Launch in Q4

Mocha Network Launches KRW 27.8 Billion "Mocha Portfolio"
Animoca Brands' flagship project, Mocha Network, launched the $20 million (KRW 27.8 billion) 'Mocha Portfolio' program yesterday.

The Mocha Portfolio is a new rewards system that allows users to continuously earn tokens from projects within the Animoca Brands investment portfolio through staking Mocha (MOCA) coins and Mochaverse NFTs. The first registration event will begin in Q4 of this year with MagicEden (ME) tokens, and other portfolio tokens will be released sequentially thereafter.

The core of this program lies in its structured and ongoing token distribution, unlike a one-time airdrop. Participants contribute to the project's growth through "staking power" and receive corresponding rewards.

"The Mocha portfolio reflects our commitment to creating value with our community," said Yat Siu, co-founder of Animoca Brands. Kenneth Schack, project lead at Mocha Network, explained, "Our goal is to actively engage the community to build long-term value."

This program is expected to be a key factor in driving the value of the MOCA coin and strengthening the digital identity ecosystem of the MOCA network.

Joohoon Choi joohoon@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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