MocaPortfolio Launches First Airdrop with 2.19 Million Magic Eden Tokens

Moca Network’s first portfolio token initiative features Magic Eden, with $20 million in locked tokens accessible to registered MOCA stakers between December 18–29 UTC.

Summary

Moca Network officially announced Magic Eden (ME) as the inaugural token in its MocaPortfolio, designed to offer Animoca Brands community project exposure. The program has locked $20 million worth of tokens for distribution. Eligible MOCA stakers must register between December 18 and December 29 UTC to participate, with the requirement to burn Staking Power units during this period. This marks the first phase of the program, with Magic Eden leading future planned airdrops from Animoca Brands-associated projects.

Terms & Concepts
  • Airdrop: A distribution of cryptocurrency tokens to eligible users, often as a promotional or reward mechanism.
  • Staking Power: A metric representing the amount of tokens locked in staking (locking crypto to earn rewards), used to determine eligibility for certain benefits.
  • Magic Eden (ME) Token: The native cryptocurrency of Magic Eden, a marketplace specializing in Non-Fungible Tokens (NFTs).