Mokens League raises $2 mn in seed funding, launches its in-game token

economictimes.indiatimes.com:

Mokens League has raised $2 million from its seed funding round. Along with it, the multiplayer game launched its in-game currency — Moka Token ($MOKA) — built on the Polygon Network. The company will utilize the proceeds to finish the development cycle of the game as well as installing and maintaining game servers worldwide to provide a latency-free gaming experience. $MOKA will serve as the main utility token in the ecosystem of company-developed eSports games and in the future for third party games that get integrated into the Mokens League Platform.

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«We are thrilled and excited about the massive growth of crypto-based gaming, we can’t help but notice that there is a fundamental problem right now with existing ‘play to earn’ games that reward people for just spending time on a game that does not work,” said Martin Repetto, CEO of Monsters League Studios LLC. MOKA holders can use their tokens to purchase NFTs that can be used for games in Moken’s ecosystem. The token currently is available in the pre sale. Mokens League seeks to have real-time multiplayer demos released privately by the end of Q3 and a public beta open by Q1 of 2023. These tokens will have a total supply of 500 million, and most of this supply will be held for distribution through Mokens League games. The rest of the supply will be spread across partners, marketing, liquidity management and early investors.