Animoca Brands’ Mocaverse to Introduce Staking Feature Along with TGE

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As a researcher with a background in blockchain technology and NFT projects, I’m excited about Animoca Brands’ latest announcement regarding the introduction of staking features for its NFT project Mocaverse. The opportunity to earn exclusive access and benefits within the Moca Network by staking MOCA tokens or “soft staking” Moca NFTs is an innovative approach that aligns well with the Web3 ethos of decentralization and community participation.

In a post on their Medium page, Animoca Brands, known for creating NFT (Non-Fungible Token) and blockchain games, announced the introduction of a staking function in conjunction with the launch of their NFT project, Mocaverse.

As a researcher exploring the MOCA ecosystem, I would describe this process as follows: I can invest MOCA tokens to boost my staking influence or alternatively, I can supplement my staking power by holding and “soft staking” Moca NFTs in my digital wallet.

Details from Animoca Brands

The $MOCA Staking 1.0 function is set to debut concurrently with the Token Generation Event (TGE). During this time, individuals can amass staking influence at a pace of 0.000001 units per second. By accruing this staking power, participants secure special privileges and advantages within the Moca Network. These perks include eligibility for MocaList token pre-sales and rewards from over ten verified partners in the staking pool.

From July 11 to 25, there’s a 50% bonus for those who stake their MOCA tokens early. This incentive is designed to promote active engagement during this timeframe. However, it’s important to note that if you choose to unstake your MOCA tokens during this period, the bonus staking power will be reset back to its original state.

Moca NFT owners have the option to “gently deposit” their NFTs to increase the effectiveness of their staking rewards. However, if a deposited Moca NFT is traded, sold, or moved, it will be automatically withdrawn, leading to a decrease in the bonus. Furthermore, those who opted for the “Extra Reward” airdrop choice can still accrue staking power throughout the three-month waiting period by softly depositing their NFTs.

Benefits of Staking MOCA?

Moca NFT owners can choose to “subtly deposit” their non-fungible tokens to enhance their staking influence. Yet, if a deposited Moca NFT gets listed for sale, traded, or moved, it will be automatically withdrawn, resulting in the loss of the boosting benefit.

Individuals who selected the “Claim Extra” choice during the airdrop have the ability to accumulate staking power during the three-month lock-up period by gently staking their NFTs.

About Mocaverse

Animoca Brands, a leading company in the field of web3 entertainment, presents Mocaverse – an exclusive collection consisting of 8,888 unique digital characters called The Mocas. These entities are divided into five distinct tribes: Angels, Builders, Dreamers, Connectors, and Neo-Capitalists. The aim of this initiative is to foster unity and collaboration among its members. Members are encouraged to engage in educational programs, play games, contribute to society, and construct within the web3 community.

As a proud holder of Moca tokens, I get to reap some amazing perks! I’m granted special entry to Animoca Brands’ events, where I can learn from industry experts through masterclasses and seminars. I even get the chance to be among the first to check out new projects before they hit the market. And that’s not all! In-game asset drops are another exciting benefit for me, adding more value to my investment. Plus, I earn Moca XP tokens by participating in events and can stake them to collect rewards.

Animoca Brands’ Financial Growth

In Q1 2024, Animoca Brands announced impressive booking figures, amounting to a noteworthy $90 million. This represents a substantial 72% surge from the $52 million recorded in the same period of the preceding year. The primary contributors to this growth were digital asset consulting services, subsidiaries focusing on Web3 technologies, and investment management divisions.

The firm has announced its intentions to resume trading on public markets, taking advantage of more lenient regulatory conditions in places such as Hong Kong and the Middle East. Animoca Brands parted ways with the Australian Securities Exchange (ASX) in March 2020 due to the exchange’s objections to the company’s compliance with listing regulations, particularly those pertaining to investments in cryptocurrencies and blockchain projects.

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2024-07-11 12:27