Yat Siu announced the next phase of 300,000 MOCA tokens, with winners selected through the KIP Protocol AI.
On Jan. 13, Yat Siu, co-founder and executive chairman of Animoca Brands, announced the requirements for the second phase of the Moca Network (MOCA) token airdrop, which will distribute 300,000 MOCA tokens to Mocaverse community members.
Yat Siu recently shared details about the airdrop on X, outlining the steps for participation. To join, users must submit their MOCA ID, share their thoughts on Mocaverse, and complete specific tasks, such as following and retweeting the announcement.
1/ Announcing the details of the 2nd stage for the 300k @Moca_Network $moca giveaway to start you need to:
Follow: @ysiu @Moca_Network @MOCAFoundation @animocabrands
RT and tag 3 frens interested in web3 and share your MOCA ID (free if need one at https://t.co/gRD7URKZQd) https://t.co/b6yPNY32sK
— Yat Siu (@ysiu) January 13, 2025
Recipients will be selected using the KIP Protocol AI framework, which ensures a structured and unbiased process. This advanced system evaluates participants based on predefined criteria, enhancing transparency and promoting a fair and inclusive distribution of tokens within the Mocaverse community.
You might also like: Here’s why Moca Network Coin price just pumped and dumped
This second stage expands on a previous airdrop campaign that was launched in December 2024 as a component of the Token Generation Event for the Mocaverse project. In the first phase, community members who participated in community conversations and actively engaged with MOCA NFT-related tweets were rewarded.
1st stage will be rewarding initial post engagers and the $MOCA fam and am considering the 2nd stage for community engagement. Open to suggestions what kind of activation I should do for Part 2!
— Yat Siu (@ysiu) December 23, 2024
Mocaverse is an NFT project by Animoca Brands, designed to unite its ecosystem of web3 projects, partners, and users. The MOCA token plays a vital role as a utility token, enabling governance participation and encouraging user contributions.
As of Jan. 13, the MOCA token is priced at $0.2123, with a 24-hour trading volume of $36.21 million. The market capitalization stands at approximately $345.16 million, based on a circulating supply of 1.63 billion MOCA tokens.
MOCA 1D chart | Source: crypto.news
The impact of this second-phase airdrop on the token’s price remains uncertain. Airdrops often drive trading activity, but the influx of tokens can sometimes lead to short-term selling pressure, lowering the price temporarily. Conversely, the increased engagement and broader distribution could strengthen long-term value by building a more active and invested community.
The market’s reaction to this airdrop will become clearer in the coming weeks.
You might also like: PROS token spikes 145% after Animoca Brands announcement
