Mobox, and its native token MBOX, make a bundle for a brawler-type metaverse game. The game’s structure also includes an NFT marketplace that builds the content of the MOMOverse world. Additionally, the game includes a yield farming mechanism, allowing for additional income by providing liquidity to MBOX decentralized trading pairs.
Just like other token-based games, Mobox has built-in governance through owning and locking the MBOX token. Governance sets seasonal changes to the game and the earnings structure.
Mobox is the typical fully crypto-driven game, a difference from projects that start out as another play to earn offering, while also adding limited NFT capabilities. Mobox has a complete cryptocurrency ecosystem, with presence on Binance, as well as decentralized pairs on PancakeSwap and ApeSwap.
The MOBOX infrastructure combines some elements of yield farming of decentralized finance, play-to-earn gaming, and the popularity of Non-Fungible Tokens. It aims to engage and empower users with a unique experience. MOBOX achieves these via providing a gaming platform where users play for free and earn some rewards. In addition, the platform compensates users for their time and effort.
MOBOX has native NTFS known as MOMOs which you can get via mystery boxes. The platform allows you to trade on these MOMOs, stake them to farm MBOX tokens or use them as collateral.
The dubbed MOMO token master also enables you as a user to rob others (friends and foes) of their gold coins. You can do this by battling with them. Once you defeat them in this game, their coins will become yours automatically.
This is the native token that powers the MOBOX gaming platform. It has no seed round (private investment) and no offer round. The token also has no pre-mine. Instead, they are distributed based on user activity on its numerous features and solutions. The token had a fair launch; it’s a BEP20 token with a total supply of 1billion to be distributed throughout 5years.
MBOX token is minted on the Binance Smart Chain with 20% and 8%, going to project team and strategic partnerships, respectively. In addition, 21% goes to marketing and community supporters, while users mine 51% of MBOX tokens. They mine it via GameFi mechanics in all the games released on the system. The token distribution for the first year is 40%, 22.5% for the second year, and 17.5% for the third year.
However, the fourth year will be 12.5%, while the remaining 7.5% will be for the fifth and final years. The team will burn all unmined tokens in the first year.
Each CRATE contract is a smart contract that automatically optimizes and delivers the best yield farming strategy for users across the Binance Smart Chain ecosystem. Users can stake their stable coins or certain Liquidty-Provider (LP) Tokens into the CRATE contract. Each CRATE contract has their unique optimized yield farming strategy through different DeFi protocols.
Providing liquidity to Crates generates BEP20 MBOX tokens that can be used to subscribe BOXs.
Holders of MBOX tokens can participate in the decision-making process of the system via the voting process. For example, they can submit a vote on proposals for changes in the platform, like its features. In addition, they can manage the platform’s activities such as events, the games to develop and integrate, development, and unique functions, etc. Its a unique concept giving the players the power to direct the future of this platform.
You can stake your MBOX tokens to get unique MOMO NFT mystery boxes as the Mystery box avails the opportunity. Once you get the box, the choice is yours on whether or not to open it at once. You can decide not to open it all and instead trade with it. The Mobox team frequently drops Free NFT Boxes for the players. It is adviced to keep an eye on the community news and updates in case you dont want to miss the next drop.
The popular Binance exchange has listed MBOX tokens. You can buy the token on Pancake Swap. There are other popular crypto exchanges with reasonable MBOX trading volumes and a large user base. It’s better to use them as it will ensure your ability to sell your token holdings at will with lower fees. Using these exchanges also offers you some trading opportunities. They have MBOX in their listing, which will surely attract traders.
The top exchanges include: Pancake Swap, Kucoin, Binance, and Gate.io trades on the token.
The unique GameFi systems gives players and traders the opportunity to earn unique NFTs called MoMos. Each KEY token can used to unlock a BOX to generate and mint a MOMO on the BSC blockchain.
1. According to the amount of KEYs or BOXs obtained from Crates, users can use them to unlock Chests (must be whole number) to mint NFTs.
2. Users can also purchase KEYs or BOXs from the market to unlock Chests to mint NFTs.
3. New BOXes can only be unlocked when there are 0 Chests being unlocked in the queue. (No pending transactions)
4. For a single transaction, the maximum number of Chests is 500, and the maximum Chests that can be unlocked is 50.
MOBOX uses a unique Invite system that rewards users for having fun together. For every user invited through a unique referral code, users are rewarded with 5% of all the achievements completed by their friends and family. This creates a unique relations between the platform, the user, and the invited creating an ecosystem where everyone thrives together.
The invite system will be limited to 10 users invited to ensure that the system isn’t being gamed by bad actors. To increase this limit users can contact support.
MBOX has a solid token burn program and does not offer outlandish return promises. The game still holds risk from exposure to the smart contracts of SushiSwap and ApeSwap, but not beyond the general risk for crypto assets.
Mobox has a lot of fans, from all over the world. Users not only speak positive about the platform, but also post everywhere about the payments.
The project is definitely worthy of attention and if the developers continue to work as actively, it will gain enormous popularity. If you don’t have to invest, what are you risking?