Mobox is a decentralized blockchain-based play-to-earn (P2E) gaming ecosystem built on Binance Smart Chain (BSC). The Mobox crypto gaming platform features different gaming types, ranging from gaming NFTs to yield farming and blockchain gaming.
The MBOX token is the protocol's utility and governance token.
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What Is Mobox (MBOX)
The Mobox crypto gaming ecosystem is a decentralized play-to-earn platform that rewards users for their engagement. Devs can use the Mobox ecosystem to create their own projects, while users can mint their Non-fungible tokens (NFT) on the platform. Mobox is one of the top-performing crypto gaming projects in the Binance Smart Chain (BSC), featuring yield farming, NFT creation, gaming options, etc.
The Mobox founders are anonymous, but Mobox claims to have a team with several years of experience in building DeFi projects.
The Mobox platform features three different gaming types:
- MOMO NFT Marketplace: A decentralized exchange (DEX) for buying, selling, trading, renting, and lending MOMO non-fungible tokens (NFTs) with minimal fees and a seamless user interface (UI).
- NFT Creator: A range of tools for creating MOMO NFTs using the ERC721 standard.
- Game Creator: A collection of APIs to launch and publish games that use MOMO NFTs and the MBOX token on the MBOX platform. The MBOX Game Creator provides developers with low publishing costs and short payment schedules.
The project's features have attracted over 3 million registered users, while the NFT trading volume on Mobox has exceeded $359 million to date.
Mobox has an array of top projects listed on the site, including NFT Farmer, Blockchain Brawler, Token Master, and Trade Action,
amongst others.
How Does Mobox Work
Mobox’s metaverse, called the MOMOverse, is an interactive platform that allows users to earn crypto rewards simply by participating in gameplay.
The Mobox platform is a cross-platform metaverse and can be accessed from a wide range of devices. It combines elements of decentralized finance (DeFi) with Non-fungible tokens (NFTs) to encourage players to hold and stake the native MBOX token.
The platform provides cross-chain support for the Ethereum and Polygon networks. Players can rent out their MOMO NFTs or participate in MOMO mining to earn daily compounding MBOX token rewards. Moreover, Mobox NFT holders can gain access to advanced features and functionalities.
Launching a project on the platform is seamless and intuitive. Developers can use simple APIs to create and launch games on the platforms and earn rewards. They have the choice of either making their projects free-to-play or play-to-earn.
NFTs are an integral part of Mobox, with each user avatar being a unique ERC721 NFT in the MOMOverse. Users can design and mint their own NFT on the platform. Furthermore, NFT original creators on Mobox receive lifetime trading fees for their NFT creations.
Users can farm and catch MOMOs, creatures living in the MOMOverse that can take the form of NFTs and can be used in several ways across the ecosystem. Mobox offers users blind boxes that have unique MOMO figurines with QR codes that, when scanned, lead to the minting of the figurine on the Binance Smart Chain instantly.
People can use smart contracts to create their own Decentralized Autonomous Guild (DAG) on the Mobox protocol. DAG operates like a standard decentralized autonomous organization (DAO) that allows participants to form a community, share resources, and have a Treasury controlled by a smart contract. Mobox’s whitepaper notes that a Mobox Chain, an NFT POS carbon-neutral blockchain network, is in development to provide users with instant transactions.
Mobox Price and Current Data
Mobox (MBOX) is the Mobox protocol's native utility token and has several uses. It serves as the in-game currency used to buy new characters and receive rewards. MBOX is also used in the project’s governance to vote on proposals and in liquidity mining. MBOX can be staked to earn rare MOMO NFT boxes.
MBOX has a circulating supply of 79.8 million MBOX, a max supply of 1 billion, and the project’s total supply sits at 389,181,745. Mobox platform had a ‘fair launch,' with no pre-seed and pre-sale. According to the project’s tokenomics, 51% of MBOX tokens were issued to community members, contributors received 21%, the core team got 20%, and 8% of the assets went to the project's strategic partners.
The entire 1 billion tokens will be released within a five-year window. During the first year after launch, 400 million assets were released, and in subsequent years, the amount of released tokens diminished annually. MBOX tokens are burned through smart contracts that automatically buy back tokens and burn them, with 80% of platform fees being used. The earliest trading data for Mobox is on April 2021.
So, what was the highest and lowest price for Mobox?
The cryptocurrency reached an all-time high of $15.68, and in the last 7 days, it traded at the peak of $0.5244, reaching an all-time low of$0.4751. MBOX has a market capitalization of $47 million.
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Where to Buy Mobox
Although Mobox is a new project, you can buy MBOX tokens on several centralized and decentralized cryptocurrency exchanges. Mobox markets include Binance, Coinbase, and decentralized exchanges like Pancake Swap. Mobox’s users can take advantage of the nifty integration of Pancake Swap on the Mobox website.
However, Mobox cannot be directly purchased with fiat currency. You can still buy this coin by comparing and checking crypto pairs and first buying other cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) from any fiat-to-crypto exchanges and then transferring to the exchange that offers to trade this asset.
Read our CoinStats guide, "What Is DeFi," to gain a fundamental understanding of Decentralized Finance. And see our "Crypto Portfolio Trackers" to learn more about the best crypto portfolio trackers in the market.
Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice. Any use or reliance on our content is solely at your own risk and discretion.
Cryptocurrency is a highly volatile market, do your independent research and only invest what you can afford to lose. Performance is unpredictable, and the past performance of Mobox is no guarantee of its future performance.
Note that data relating to the cryptocurrency mentioned above presented here (such as the current Mobox price, fully diluted market cap, etc.) are based on third party sources. CoinStats makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
