Mocaverse has announced a significant strategic partnership with the TON blockchain to enhance its interoperable consumer network and promote widespread cryptocurrency adoption. This collaboration aims to merge the strengths of both ecosystems. This alliance will create a combined user base of over 1.6 billion people. With Moca Network already reaching more than 700 million users, the partnership will expand the reach of both networks substantially.
Mocaverse and TON Set Up Committee to Manage $20 Million Token Deal
The primary objective of this partnership is to brand Mocaverse as a hub within the ecosystem while TON acts as the major player, facilitating the expansion of multiple networks. The partnership is expected to entail the two applications cooperating with other apps within the TON ecosystem expanding the reach of both apps.
To ensure this collaboration is effective and successful, a steering committee composed of Mocaverse, MOCA Coin, and TON Foundation will be constituted. This committee will also be in charge of overseeing all partnership related activities and run a joint treasury which will help to drive development of the ecosystem. This deal will involve a token swap approaching $20 million, through which users can expect to exchange $TON and $MOCA tokens. The funds generated from this agreement are to be employed to support the growth of user acquisition via PointFi as well as onboarding of new users to the TON ecosystem.
Mocaverse and TON Enhance User Reputation Management with Realm SDK
Besides user growth, the partnership’s goals include user reputation management within the network for exchanging services and products. The Realm SDK will also serve as a component that works as a union platform for managing user reputation across different applications on the TON blockchain. This will lead to a centralized approach towards reputation management.
Lastly, the collaboration between Mocaverse and the TON blockchain is an important step towards the mass adoption of cryptocurrencies. Through resource and user-sharing, the two networks anticipate massive growth as well as development of technologies that progress the link between networks as a whole. It is crystal clear that several large-scale companies involved in the blockchain can work together to generate significant value and actively contribute to the further development of new technologies.
