Announcements Gate.io “Startup Mining” Initial Offering: Moca Coin(MOCA) and Announcement of Distribution Rules

Gate.io “Startup Mining” Initial Offering: Moca Coin(MOCA) and Announcement of Distribution Rules

2024-07-10 11:55:53 UTC 18819 Read

MOCA/USDT + 1.61%

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**About Gate.io Startup Mining Program**
Startup Mining is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Startup Mining pool to receive corresponding project token rewards.

Visit Startup Mining and learn more:
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/12?gt_disable_intercept_jump=1&needNavBar=0" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join Now</span></strong></div></a></div>

**Introduction to “Startup Mining” Project Moca Coin(MOCA)：**
$MOCA is the underlying resource that powers the Moca Network, an interoperable consumer network with a pre-existing ecosystem of 450+ companies seeded by Mocaverse and Animoca Brands.

With $MOCA, users can gain access to and participate in consumer dApps in key cultural verticals like gaming, sports, music, and IP. This is enabled by Mocaverse’s interoperable infrastructure layer of Account, Identity, Points, and Reputation.

Within the Moca Network ecosystem, partners contribute $MOCA as “operators” of the network, sharing the public infrastructure and bootstrapping consumer growth through cross-pollination, while end users can pay in $MOCA to participate in activities and earn $MOCA based on their loyalty (actions) and reputation (strength) within the network. It creates the network effect that powers a consumer growth flywheel, with $MOCA being the “gas fee” of this interoperable consumer network.

**Moca Coin(MOCA) Startup Mining Rules**
(1) Startup Mining Duration: 13:00 PM on July 10th - 08:00 AM on July 11th (UTC), 2024
(2) Trading starts time: 10:00 AM on July 11th (UTC), 2024
(3) Initial circulation: 1,277,777,777.75 MOCA（14.38%）
(4)Startup Mining allocation：666,667 MOCA
(5)Total Daily Rewards：666,667 MOCA
(6)Supported Staking Asset：GT
(7) Unlocking Rule: 100% Unlock
(8) Startup Mining Participation Rules:
1.Users can choose Startup Mining projects and stake assets for a minimum period of 12 hours on the same day to start earning rewards.
2.A snapshot of the staked token quantities for qualifying users is taken at 00:00 (UTC+0) daily, and token rewards are distributed to eligible users. Daily earnings will be distributed into users’ spot accounts.
3.Daily staking rewards = Your valid staked asset amount / Total valid staked asset amount in rewards pool * Daily rewards pool.
4.Users can increase or redeem the staked assets at any time during the staking period. However, early redemption may result in the loss of accrued rewards.

(The information below is provided by the Moca Coin(MOCA) team. Please follow the website for more information）

**Token Information**
Token name: Moca Coin
Token symbol: MOCA
Max Supply: 8,888,888,888
Token Type: ERC-20
Token Contract: 0xF944e35f95E819E752f3cCB5Faf40957d311e8c5
Token Distribution and Unlocked Rules:
Strategic Partners 13%: TGE 0%, cliff 12 months, vesting 18 months
Ecosystem & Treasury 20%: TGE 10%, no cliff, vesting 48 months
Team 12%: TGE 0%, cliff 18 months, vesting 30 months
Liquidity 10%：TGE 50%, no cliff, vesting 12 months
Operational Expense 5%: TGE 20%, no cliff, vesting 24 months
Network Incentives 31.5%: TGE 20%, no cliff, vesting 24 months
Launch contributors & Advisor 7%: TGE 0%, cliff 18 months, vesting 18months
Community Sale 1.5%: TGE 5%, cliff 3 months, vesting 52 weeks

Website:  https://www.mocaverse.xyz/
Whitepaper: https://mocacoin.gitbook.io/litepaper 
Token Information:
https://etherscan.io/token/0xf944e35f95e819e752f3ccb5faf40957d311e8c5

**Gate.io Labs Investment Participating Disclosure**
Gate.io Labs hasn’t participated in the Moca Coin(MOCA) investment.

**Attention**
1.The system will take hourly snapshots of participant’s staked assets, and the valid staked asset amount for participants will be the average staked amount per hour. If the staking duration is less than 12 hours on the given day, no rewards will be granted for that day. If a user makes an additional stake, a snapshot of the staked assets will be taken after 12 hours and counted as the valid staked amount.
2.After the staking ends, the staked assets will be automatically redeemed, and the remaining mining rewards will be fully distributed at 0:00 (UTC+0) the next day.
3.After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
4.Please refer to the relevant announcements for the mining hard cap limit for each project.
5.Startup Mining project will be announced soon. Please stay tuned to our official announcements and social media for the latest updates. Before participating in Startup Mining, please ensure that you fully understand the participation rules.
6.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
7.Gate.io reserves all rights to the final explanation.
8.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.

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Gate.io Team
July 10, 2024

Gate.io “Startup Mining” Initial Offering: Moca Coin(MOCA) and Announcement of Distribution Rules

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