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Animoca Brands’ Mocaverse, MOCA Foundation, and TON Foundation announce strategic partnership

The partnership aims to drive adoption of a joint reputation layer for cross-pollination and engagement across both ecosystems.

900M + 700M = 1.6 Billion+ Addressable Users

“Animoca Brands’ Mocaverse today announced a strategic partnership with MOCA Foundation and The Open Network ($TON) Foundation to implement an identity and reputation-based consumer network across Moca Network and TON Blockchain ecosystems.”

The MOCA Foundation and TON Foundation have executed a strategic foundation-level token swap agreement of MOCA Coin ($MOCA) priced at US$0.113 ($1B FDV) and Toncoin ($TON).

“MOCA Coin ($MOCA) and Toncoin ($TON), valued at a combined total of USD$20 million, will be used exclusively to incentivize developers’ and users’ adoption of both ecosystems, including joint airdrops via TON’s The Open League and Moca Network's PointFi platform.”

Go-to-market strategy execution is to include the use and integration of Moca IDs on the TON Blockchain, across the TON ecosystem in the TON Society ID framework. Both Moca ID, which is Mocaverse’s decentralized identification (DID), and TON Society ID will be utilized to enhance interoperability and support user growth.

The two foundations’ partnership will see the integration of the Realm Network, Mocaverse’s flagship interoperable SDK product, and the Telegram Mini App Platform. The Realm Network SDK will join into TON Blockchain to “serve as the central reputation source and onboard, attest, and query data across different TON ecosystem apps.”

Co-branded hackathons and an accelerator will also be launched by Mocaverse and the two foundations to reach and empower the most talented developers across both ecosystems and TON Blockchain.
Moca Network and Animoca Brands’ ecosystem of more than 450 portfolio companies will provide the consumer layer of content focused on culture and entertainment to the TON ecosystem, the official Web3 infrastructure of Telegram Messenger, which has over 900 million active users.
 
With Moca Network’s 700m+ addressable users, this strategic partnership will provision each ecosystem a collective addressable user base of 1.6B+ users!


Management commentary to the press release announcement was given by: Yat Siu, executive chairman and co-founder of Animoca Brands; Steve Yun, TON Foundation council president; and Manuel Stotz, TON Foundation council member and founder and managing partner of Kingsway Capital, the largest outside shareholder of Animoca Brands.

Read the full press release here:
https://www.animocabrands.com/mocaverse-moca-foundation-ton-foundation-execute-strategic-partnership

Announcement on X:
https://x.com/moca_network/status/1815327592733643111

TON is an open source, Polkadot style multi-chain that's developed by a contributor community and focuses on micro payments, ease of use, privacy, transaction speed, scale and more.

Toncoin

**Animoca Brands’ Mocaverse, MOCA Foundation, and TON Foundation announce strategic partnership**

The partnership aims to drive adoption of a joint reputation layer for cross-pollination and engagement across both ecosystems.

**900M + 700M = 1.6 Billion+ Addressable Users**

“Animoca Brands’ Mocaverse today announced a strategic partnership with MOCA Foundation and The Open Network ($TON) Foundation to implement an identity and reputation-based consumer network across Moca Network and TON Blockchain ecosystems.”

The MOCA Foundation and TON Foundation have executed a strategic foundation-level token swap agreement of MOCA Coin ($MOCA) priced at US$0.113 ($1B FDV) and Toncoin ($TON).

“MOCA Coin ($MOCA) and Toncoin ($TON), valued at a combined total of USD$20 million, will be used exclusively to incentivize developers’ and users’ adoption of both ecosystems, including joint airdrops via TON’s The Open League and Moca Network's PointFi platform.”

Go-to-market strategy execution is to include the use and integration of Moca IDs on the TON Blockchain, across the TON ecosystem in the TON Society ID framework. Both Moca ID, which is Mocaverse’s decentralized identification (DID), and TON Society ID will be utilized to enhance interoperability and support user growth. 
 
The two foundations’ partnership will see the integration of the Realm Network, Mocaverse’s flagship interoperable SDK product, and the Telegram Mini App Platform. The Realm Network SDK will join into TON Blockchain to “serve as the central reputation source and onboard, attest, and query data across different TON ecosystem apps.”

Co-branded hackathons and an accelerator will also be launched by Mocaverse and the two foundations to reach and empower the most talented developers across both ecosystems and TON Blockchain.  
 
Moca Network and Animoca Brands’ ecosystem of **more than 450 portfolio companies will provide the consumer layer of content** focused on culture and entertainment to the TON ecosystem, the official Web3 infrastructure of Telegram Messenger, **which has over 900 million active users.**
 
With Moca Network’s 700m+ addressable users, this strategic partnership will provision each ecosystem a collective addressable user base of 1.6B+ users!


**Management commentary to the press release announcement was given by:** Yat Siu, executive chairman and co-founder of Animoca Brands; Steve Yun, TON Foundation council president; and Manuel Stotz, TON Foundation council member and founder and managing partner of Kingsway Capital, the largest outside shareholder of Animoca Brands.

**Read the full press release here:**
https://www.animocabrands.com/mocaverse-moca-foundation-ton-foundation-execute-strategic-partnership

**Announcement on X:**
https://x.com/moca_network/status/1815327592733643111

Kawin Rungsimuntakul

TON Flips ETH in Daily Active Users!

TON's quiet growth, fueled by Telegram's 900M user base, has driven its daily active addresses above Ethereum. At its core, TON is a bet on Telegram's distribution.

"Let's put crypto in everybody's hands"
-Telegram Official X

Source: Delphi Digital

**TON Flips ETH in Daily Active Users!**

TON's quiet growth, fueled by Telegram's 900M user base, has driven its daily active addresses above Ethereum. At its core, TON is a bet on Telegram's distribution. 

"Let's put crypto in everybody's hands"
-Telegram Official X

Source: Delphi Digital

Trustless

As of 12 Feb 2023
$TON
Price = $2.24
Market cap = $3.3b – Rank 24
Proof of Stake
All time high = $4.5 (-51 %)
All time low= $0.54 (+415 %)
Circulating supply = 1.47b
Total supply = 5.06b (Supply is not capped and will inflate at approximately 0.6% per year.)
FDV = $11.4b
Market cap/ FDV = 0.29

In my personal evaluation, there are three key factors I consider:
Small concentration of validators
Centralized governance
Selling pressure from funds/large investors.

The decentralization of tokens distribution is crucial for the tokenomics. Unfortunately, TON lacks this aspect as a significant portion of the tokens in the ETH and BSC network are held by the top 100 holders, with over 90% in the ETH network and over 66% in the BSC network.


Source: Coingecko; Coincarp.

As of 12 Feb 2023 
- $TON
- Price = $2.24
- Market cap = $3.3b – Rank 24
- Proof of Stake
- All time high = $4.5 (-51 %)
- All time low= $0.54 (+415 %)
- Circulating supply = 1.47b
- Total supply = 5.06b (Supply is not capped and will inflate at approximately 0.6% per year.)
- FDV = $11.4b
- Market cap/ FDV = 0.29

In my personal evaluation, there are three key factors I consider:
- Small concentration of validators
- Centralized governance
- Selling pressure from funds/large investors.

The decentralization of tokens distribution is crucial for the tokenomics. Unfortunately, TON lacks this aspect as a significant portion of the tokens in the ETH and BSC network are held by the top 100 holders, with over 90% in the ETH network and over 66% in the BSC network.


Source: Coingecko; Coincarp.

vovj_p

Ton has already come quite far through their roadmap, and is already trading on a number of major exchanges, including KuCoin, ByBit and Huobi. Their mainnet is live and they already offer NFT platforms, a launchpad, a number of bridges, staking and mining pools, a score of explorers, plenty of community channels, chats, social networks, a crowdfunding platform, and apps and games based on Ton. Telegram users can also send tokens between themselves, although a much more robust ecosystem integration will be key in order to really get this going. E.g Line is much further along in creating a platform economy within their app. Many more technological advancements are planned for the next months, and let’s see how they execute. So far so good.

Toncoin

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