Overview
The Museum of Crypto Art (M○C△) began as an idea to build an immersive Metaverse Museum in partnership with artists who tell the story of the crypto culture zeitgeist. We believe that artists creating crypto art lend a visual language to a new socio-economic paradigm.
Why $MOCA Token
M○C△ will become a decentralized publicly owned arts and culture project governed and curated by $MOCA holders. Artists, collectors, projects, and creative communities who are $MOCA holders decide the Museum’s trajectory and gain access to experiences within the Museum.
In order to effectuate the democratic and interactive goals of M○C△ we have chosen to build on Polygon. For more information on Polygon see here.
$MOCA Allocation
- 50% Permanent Collection Acquisitions
- 20% Team
- 10% Private Sale
- 10% Ecosystem Fund
- 5% Airdrop
$MOCA Utility
$MOCA grants a voice in the Museum, in its curation, and access to our platform.
$MOCA has no economic value; it is a governance token used to oversee M○C△. It has no claim on financial rights.
Token utility applies in four core areas:
- Permanent Collection
- Museum Governance
- Museum Curation
- Personalized Experiences
Permanent Collection
The Permanent Collection is reserved for collectors, artists, and communities who contribute artwork to M○C△. $MOCA ensures their artwork is preserved and established as important to the history of crypto art.
Museum Governance
$MOCA guides the Museum’s vision, mission, and values. Holders will determine the trajectory of the project, its goals, its products, and Ecosystem Fund recipients.
Museum Curation
$MOCA enables participation in the curation of the Permanent Collection and the submission of proposals for exhibitions. It is a tool for the collective determination of historical and cultural relevance.
Personalized Experiences
$MOCA enables personalization of the Museum experience. Early access to new exhibitions, private events, special merchandise, airdrops, and tiered rewards will be offered first to holders of $MOCA.
$MOCA Vesting
How to Acquire $MOCA
Option 1: Retroactive Airdrops
M○C△ aims to fairly and equitably distribute $MOCA to creators and collectors. We will start with a 300,000 $MOCA distribution to OpenSea users prior to December 31, 2020, in an effort to recognize those who bootstrapped the NFT marketplace.
Each user who transacted on OpenSea in any given year since its launch date will receive a fixed amount of tokens per year of participation. A weighted measurement is associated with each transacting wallet (from 2018–2020). Early users will receive a larger share.
$MOCA will distribute to ~30,000 users who can claim the allocated tokens in the first 30 days after launch. All unclaimed tokens will be pooled and distributed to Genesis Collection artists at the end of the initial 3-month contribution period (August 2021).
The screenshots below show an example of token allocation for addresses who participated over the years.
Additional airdrops to early artists and collectors across crypto art marketplaces will occur in the future.
Option 2: Liquidity Mining Program
Our liquidity mining contracts will distribute 500,000 $MOCA tokens over 12 months to participants who stake their QuickswapLP tokens or $MOCA tokens. 2% will be spent over the first three months and 3% will be spent over the remaining nine months.
Soon we will distribute a guide on how to stake $MOCA.
Staking v1
In the three months, M○C△ will distribute a total of 200,000 $MOCA or 66,667 per month to members who stake $MOCA or $MOCA-LP tokens.
- $moca: 40,000
- $mocaEthLP: 80,000
- $mocaUsdcLP: 80,000
Staking v2
After the initial three months, M○C△ will distribute 300,000 $MOCA tokens or 33,333 per month over the remaining nine months. More details will be announced soon.
Option 3: Apply for Grants through the Ecosystem Fund
The Ecosystem Fund is a DAO that will adopt standard governance procedures and distribute $MOCA to community proposals. Community members can request grants for development initiatives, social events in the M○C△verse, or any contributions supporting and growing the M○C△ community. We will share more details on governance proposals soon.
Option 4: Permanent Collection Contributions
The Genesis Collection will be opened (over the first three months) to collectors who wish to contribute artwork. The Genesis Collection will allow for one artwork per artist who contributed to the NFT space before December 2020. Works are vetted by a 7-person Artist Council and a 7-person Collector Council. NonFungible.com will perform valuations on accepted works to be exchanged for $MOCA.
The Genesis Collection is a subset of the Permanent Collection. After this initial contribution period, the Permanent Collection will be open to all collectors and artists who wish to contribute artwork. The same vetting and valuation process applies. In time, the vetting process will be turned over to the DAO.
Conclusion
$MOCA will invert traditional art curation and market dynamics. The token allows for holders to preserve artworks and artifacts in a community-controlled Museum and ultimately redefine crypto culture and history.
$MOCA reinvents Museums for a new era.
Thoughts? Ideas? Find us here: https://forum.museumofcryptoart.com/
