The top blockchain-based esports company, Moxy, has officially begun its token sale. The team also announced the launch of their esports platform and the highly anticipated Battle of the Influencers competition.
The Moxy team published a press release on Wednesday with CoinJournal that detailed the unprecedented triple launch.
Moxy starts a public token auction for native currency.
The native asset of the Moxy ecosystem, MOXY, is currently available through a token sale to the general public. According to Moxy, 1.5 billion MOXY tokens would be made available total. A portion of the total offer, or about 17.5%, was set aside for the token sale, which includes private sales, membership sales, and public sales.
Esports fans, cryptocurrency enthusiasts, and the final investor group will all be able to purchase tokens from a pool of 11 million during the token’s public sale phase. According to information on the platform’s tokenomics web page, the general public sale price has been set at a starting $0.06.
Regarding its use, MOXY will power a global gaming environment. Holders have access to Moxy’s on-demand esports platform, where users can compete in a variety of video games for cash prizes in the local token.
The group will get access to events like the Battle of the Influencers, an esports competition for top web influencers. In addition to competing against one another in a blockchain-powered gaming environment, contributors will also have the chance to win MOXY tokens.
Recently, Moxy formed partnerships with service providers to increase the token’s awareness. The esports platform also signed a deal with British video game company Stainless Games, through which it added the shooting game Shock Rods to its library.