$MOCA Coin
$MOCA is the utility and governance token that powers the Moca Network, with its value directly linked to credential activities within the ecosystem. Validators stake $MOCA to maintain network security and process identity transactions. Gas fees for actions such as issuing, claiming, and verifying credentials are paid in $MOCA, while verifiers use it to validate credentials like KYC or qualifications.
Additionally, holding $MOCA provides access to decentralized storage for user data, pays identity oracle relay fees, and supports the generation of zkTLS data. As the adoption of these credentials grows, $MOCA becomes an essential asset for facilitating and expanding the world's largest decentralized identity network.
$MOCA serves as a utility and governance coin within the network, embodying the three pillars of Growth, Culture, and Governance.
Utility
Payment Currency
MOCA serves as a payment currency for partner products and services. Users can make digital purchases like battle passes, collectibles, spend on premium gameplay, and mint new assets.
Transaction Fees
Various services within the Moca Network are accessible by spending MOCA. This includes abstracted gas fees across multiple chains, digital identity services for creation and management, and a reputation attestation oracle.
Proof-Of-Loyalty
Users can demonstrate their loyalty to the Moca Network based on the amount of MOCA Coins they hold and for how long. This can unlock ecosystem rewards from partners and provide access to opportunities through launchpads.
Growth Suite
It enables users to earn with their data and reputation through features like pay-to-reach boosts and stake-to-access.
Representation of Culture
As the Moca Network expands across different cultural verticals, MOCA will be accessible to more users, attracting projects and rewarding loyal holders.
Governance Voting
MOCA is central to the Moca DAO, allowing participants to vote on Moca Improvement Proposals (MIPs) and proposals in partnered DAOs through delegated voting.