- In order to establish an identity- and reputation-based consumer network within the Moca Network and TON Blockchain ecosystems, Animoca Brands’ Mocaverse has announced a partnership with the MOCA Foundation and The Open Network (TON) Foundation.
The effort combines the TON Society ID with the Mocaverse decentralized identity (DID), Moca ID, to encourage user growth and involvement. This allows users to express their identity and beliefs on-chain.
To aid in this endeavor, the TON Foundation and the MOCA Foundation have signed a token swap agreement wherein Toncoin ($TON) will be exchanged for Moca Coin ($MOCA), which has a total worth of US$20 million, and is valued at US$0.113 with a fully diluted valuation (FDV) of US$1 billion.
Encourage Efforts to Promote Ecosystem Growth
The collaboration will leverage the Realm Network, the Telegram Mini App Platform, and Mocaverse’s SDK solution to enhance client growth.
Yat Siu, Executive Chairman and Co-founder of Animoca Brands, stated, We believe that bringing Moca ID and the Realm Network SDK to Telegram’s 900 million users could exponentially magnify all our individual network impacts. This is on top of the chance that the partnership between Telegram and the TON Foundation offers.
Steve Yun, the TON Foundation Council President, believes that the reputation system we co-create will develop into a potent opt-in platform that allows users to express their identities and ideals on-chain.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
