MOCA Foundation Announces Completion of Token IPO

MOCA Foundation announced the completion of its token IPO, according to PANews. The final allocation results of the MOCA token issuance event are expected to be announced on May 7, with token distribution expected to occur around May 24.

MOCA token issuance details are as follows: A total of 126,984,127 MOCA tokens were offered, accounting for 1.5% of the total token supply. The price of each token was $0.03938. The FDV of the total MOCA token supply is $350,000,000. Participants in the MOCA token issuance received optimal ownership conditions across different verticals; 5% opened on TGE, three-month cliff period and 52-week linear release driven by the CoinList platform.

According to official news, Mocaverse, a Web3 project under Animoca Brands, announced the conclusion of its MOCA token IPO on May 2, raising a total of $29.3 million in preliminary deposit funds with more than 12 times subscription. During this period, 17,000 KYC-completed users participated and 87% of NFT Lots were guaranteed by Moca NFT holders. Final sale results will be announced on May 7, and failed pledge funds will be returned to users' CoinList accounts on the same day.#ScamRiskWarning be careful ytd