Moca Network's inaugural MocaPortfolio rewards program has launched, allowing MOCA stakers to exchange points for ME tokens.

Odaily Planet Daily reports that Moca Network, a blockchain-agnostic decentralized identity network, announced that the Magic Eden token (ME) is the first token launched to users by MocaPortfolio. MocaPortfolio is a platform that provides the Moca Network community with opportunities to allocate tokens from projects in the Animoca Brands portfolio.

MocaPortfolio has locked $20 million worth of tokens from projects within the Animoca Brands ecosystem. The launch of the Magic Eden token is the beginning of a series of token rewards releases from MocaPortfolio, with more tokens from Animoca Brands ecosystem projects to be announced in the future.

The detailed information for the inaugural MocaPortfolio is as follows:

Project: Magic Eden Token

Total allocation: 2,195,000 ME

Eligibility: MOCA stakers can spend 5,000 to 2,000,000 staking credits to participate.

Registration period: December 18, 13:00 UTC - December 29, 01:00 UTC

Distribution Mechanism: Flexible Mode – ME tokens will be distributed based on the proportion of staking energy consumed by each participant.