Mochatrade
D Tier
LATEST UPDATE · OCTOBER 27, 2026
$5.5m seed (CoinFund, Coinbase Ventures) announced Oct 26, 2026; India-only; no token plans. Grok: Tier D, last.The numbers
Expected FDV
—
Airdrop pool
—
None; 'no plans to launch a token as of now' (CPO, The Block, Oct 26)
Team score
8/10
founders, exits, backers, flags
Wallets earning
25k+ on the waitlist (official, Oct 27, 2026)
fewer is better for you
Token window
None
Well funded and fully named, but India-only with full KYC and no token plans. Nothing to farm unless you live there; listed so you stop asking.
Named founders Utkarsh Sinha (ex-Martian Wallet, acquired by Pontem), Chetan Manda (ex-Sprinklr) and Parth Maheshwari (ex-Adobe, Navi), Y Combinator S26, and a $5.5m seed led by CoinFund with Coinbase Ventures announced Oct 26, 2026. The product is US-stock perps settled in rupees for Indian retail. The company told The Block it has no token plans, raised on equity terms, and its terms bar every country except India.
Cut it if: already cut for non-Indian readers. For Indian readers: stays a watch until a points program or token language appears.
Who's farming it: Coverage is the funding news (The Block, Oct 26). No farmer interest.
What is Mochatrade?
An India-only trading app offering US stock perpetuals up to 50x, margined and settled in rupees (ALSD Technologies, FIU-IND registered). Founded by Utkarsh Sinha, Chetan Manda and Parth Maheshwari (IIT grads, YC S26). $690k pre-seed from YC and Pioneer, then a $5.5m seed led by CoinFund with Coinbase Ventures (closed July, announced Oct 26, 2026). 25k+ waitlist; beta; 'no plans to launch a token as of now'.
Airdrop parameters
POINTS / CLAIM END
No program
ALLOCATION
None planned
METHOD
No program; a referral leaderboard ('Top of the Pot') with unpublished rewards
TGE
None
ACCESS
India residents only per the terms (everywhere else is a restricted jurisdiction; VPN use ends your account). Full KYC: PAN, Aadhaar-linked mobile, selfie, bank penny-drop. Rupee deposits via UPI at a fixed ₹90 per dollar; withdrawals ₹1 to ₹10 lakh a day, no fee. Fees 2 bps maker / 5 bps taker per side, up to 50x, isolated margin. Beta; public launch 'in the coming weeks'. iOS and Android (Indian stores).
CHAIN
Off-chain
How to farm
01
Indian residents only
Everyone else is barred by the terms and VPNs end the account.
02
If you qualify, join the waitlist
mochatrade.com; KYC on entry; beta now, public launch in the coming weeks.
03
Don't expect a token
Equity-funded, regulated broker model, 'no plans as of now'.