MOBOX is a community-driven platform empowering users by rewarding them for their engagement and enjoyment. The MOBOX Protocol combines the best of yield farming DeFi with Gaming NFTs creating GameFi: The new revolution to Free to Play, Play to Earn gaming.
So what & who exactly is MOBOX?
MOBOX is a community-driven platform empowering users by rewarding them for their engagement and enjoyment.
MOBOX has a revolutionary system that combines the best of DeFi Yield Farming and Gaming NFTs to create what MOBOX calls GameFi, a truly Free to Play and Play to Earn ecosystem on the BSC ecosystem.
MOBOX aims to lower the barrier of entry for traditional gamers and non crypto savvy users. This is also one of the reasons why the MOBOX team created the MOBOX APP from the ground up keeping in mind the user at hand.
What is GameFi: Free to Play, Play to Earn
MOBOX has built a unique infrastructure that builds on the growing DeFi ecosystem and combines it with Gaming through unique NFTs. Using Liquidity Pools, Yield Farming, and NFTs creating the GameFi infrastructure. This gives MOBOX users the unique ability to play for free and to earn.
MOBOX has built a unique infrastructure that builds on the growing DeFi ecosystem and combines it with Gaming through unique NFTs.
Using Liquidity Pools, Yield Farming, and NFTs creating the GameFi infrastructure.
The MOBOX platform allows players to stake their LP’s and stable coins which act like a savings account. The goal of these MOBOX crates is to maximize yield farming via auto compounding.
When players stake in “crates” they are rewarded with Keys according to their weight in the pool.
Once Players use the Key that they have gained from staking in Crates, they will use that Key to open a chest to reveal what type of MOMO NFT they have gained.
The MOBOX platform allows players to stake their MOMO NFTs on the so called
“Mining Camp”, to earn daily MBOX rewards along with cryptocurrencies of multiple partnered projects, based on their MOMO hashpower, for passive earning along with NFT games .
This gives MOBOX users the unique ability to play for free and to earn.
Users also have the option to play any of the 3 TradeAction Games where they can learn about trading via SimpleTrade, or simply have fun in the action packed Bull vs Bear and LeverageMania. All 3 of these TradeAction games allow users to gain the MBOX token by simply having fun.
The MBOX Token
The MBOX token is the native utility token that can be farmed through staking of MOMO NFTs and earned through MOBOX platform games. It is also used for processing transactions through the platform. Staking for platform bonuses, incentives players and is also used for governance votes to determine how resources are allocated.
The MBOX token is the native utility token that is used for processing transactions through the NFT gaming platform. Staking for platform bonuses, incentives players and is also used for governance votes to determine how resources are allocated.
The MBOX token is a BEP20 token that will be distributed over 5 years with a maximum supply of 1,000,000,000 although this number will be reduced due to the daily automated buyback and burns. This ensures that the MBOX token is deflationary.
The MOBOX platform uses sophisticated smart contracts that use a portion of the platform fees to perform a buyback and burn of MBOX tokens automatically every time the MBOX price falls below the 72 hour average. Currently the Buyback pool for these MBOX buybacks sits at over $3.5 Million.
All MBOX tokens that are consumed in all the games are also burned.
The MOBOX team believes the essence of blockchain is about transparency and fairness. Hence the MBOX token had no pre-mine, no seed round, and no offering round. The MBOX token was a FAIR LAUNCH!
