MOCA Foundation: MOCA token distribution is expected to be carried out around May 24

MOCA Foundation announced that the MOCA token public offering has ended. It is expected to announce the final allocation results of the MOCA token issuance activity on May 7, and the token distribution will be carried out around May 24. The MOCA token issuance information is as follows: a total of 126,984,127 MOCA tokens are provided, accounting for 1.5% of the total token supply, and the price of each token is US$0.03938; the FDV of the total MOCA token supply is US$350,000,000; participants in the MOCA token issuance receive the most favorable vesting terms in different verticals, unlocking 5% at TGE, a 3-month cliff period, and a 52-week linear release driven by the CoinList platform. Yesterday, Mocaverse, a Web3 project under Animoca Brands, announced on the X platform that the MOCA token public offering has ended, raising a total of US$29.3 million in pre-deposit funds with more than 12 times oversubscription. During the period, a total of 17,000 users who completed KYC participated, and 87% of NFT Lots were obtained by Moca NFT holders. The final sales results will be announced on May 7, and unsuccessful pledge funds will be returned to the user's CoinList account on the same day.