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Mobox (MBOX)
14.04%
$ 0.049599
$ 0.006964
⇣ 0.043364
13 Oct
⇡ 0.049942
What is Mobox (MBOX)?

MOBOX (MBOX) is a play-to-earn game. The MOBOX (MBOX) project came into existence in August after being featured in an international exchange's Launchpool for new crypto projects. According to data from another popular exchange, its price has increased by more than 400% in less than two weeks.
MOBOX is a platform where users can create, swap, and earn non-fungible tokens (NFTs). NFTs encompass a wide variety of digital collections ranging from art to sports collection cards. Each is unique because authorship, ownership, and copyright information are encoded in the token.
Fundamentally, MOBOX (MBOX) aims to initiate an era of NFT interoperability among block chain games and platforms, connecting each metaverse through NFTs. Additionally, MOBOX (MBOX) seeks to enhance the utility of NFTs belonging to Blockchain game titles and provide extra benefits through various efforts.
The MOBOX (MBOX) ecosystem is designed to encourage the potential to earn from games without compromising the free-to-play concept. Everyone can participate in various games provided by the platform, from NFT farming to yield farming and block chain games. Moreover, users can stake in liquidity pools or use MoMo NFTs to earn stake rewards paid in the native MBOX currency. Staking MBOX tokens can reward unique MoMo NFT Mystery Boxes, creating an additional incentive for users to hold and transact the native currency.
When investing in a crypto currency, it is crucial to understand what the crypto does, the problems it aims to solve, and how it compares to its competitors.
The MOBOX (MBOX) platform comprises three main components:
• NFT marketplace: A fully decentralized marketplace solution for swapping, renting, and lending MoMo NFTs with other ecosystem participants.
• NFT creator: A handy toolset for users wanting to create MoMo NFTs using the ERC-721 standard.
• Game creator: An API collection for launching and publishing games on the MBOX platform. Developers can easily incorporate MBOX tokens and MoMo NFTs into their games.

At the launch of MOBOX (MBOX), there was no presale, private investment, or pre-mining. Instead, platform tokens are distributed based on user activity across the ecosystem's numerous features and solutions.
As mentioned above, MOBOX (MBOX) combines the best yield farming DeFi with Gaming NFTs, creating a free play-to-earn style game ecosystem. Using Binance Smart Chain, MOBOX demonstrates true NFT interoperability by merging cross-chain and cross-platform functionality for NFTs.
MOBOX (MBOX) is the native utility token used for:
Processing transactions through the NFT gaming platform.
Staking for platform bonuses and incentives.
Used for governance votes to decide how resources are allocated.
When Was MOBOX (MBOX) Created?
The MOBOX (MBOX) project started development at the end of last year and was launched in April 2021. The MBOX token began trading in April and saw a significant price increase when highlighted in an international popular exchange's Launchpool.
Some crypto investors prefer to start with new projects where the chance of extraordinary returns is higher, though the chance of failure increases. Therefore, other investors prefer to observe how the project performs over time. With over 11,000 crypto currencies in the market, more than 2,000 coins have failed, and many more losses are expected.
Crypto currencies with a longer history are more likely to be successful in the long run. Choosing projects you believe will perform well over the next 5-10 years ensures you are not affected by daily price fluctuations.
What Does MOBOX (MBOX) Do?
MOBOX (MBOX) refers to itself as “GameFi,” a blend of “Game” and “DeFi” (decentralized finance). “DeFi” is an umbrella term for various services that eliminate the intermediary from financial transactions.
The mentioned project is a free-to-play play-to-earn game. MOBOX users use 'keys' to unlock chests and receive random MoMo NFTs, which can be bought and sold. Some MoMos have rare features that make them more valuable, meaning there's a significant element of luck in what type of MoMo's lock can be opened.
Currently, the best-known play-to-earn game is Axie Infinity (AXS), which continues to be one of the top-performing cryptos in terms of revenue. However, the challenge with Axie is that starting the game is significantly costly. In contrast, MOBOX (MBOX) states that playing is free, although MBOX tokens or other crypto currencies must be staked to earn the key tokens that unlock NFTs. One could buy one of these to start playing, but then it wouldn't be free.
Staking is the DeFi part of GameFi. It works like staking crypto currencies on other platforms to earn interest as collateral. As of writing, MOBOX users can only stake MBOX and BNB. There are also educational games like Bear vs. Bull, where users predict whether the price of Bitcoin (BTC) will go up or down in the next two minutes.
It's not easy to see how MOBOX (MBOX) will compete with other play-to-earn games with more entertaining and strategic content. It's also surprising that a site claiming to try to educate people about crypto currencies focuses on lotteries, random chests, and raffles instead of teaching trading strategies.
How Does MOBOX (MBOX) Work?
The community-focused platform aims to empower users through participation and experiences. MOBOX infrastructure encompasses access to all these concepts through an ecosystem designed to allow free play and reward users for being as active as possible.
The native NFTs on MOBOX are called MoMos, and they can be acquired through mystery boxes. Users receiving these NFTs can trade, stake NFTs to collect MBOX tokens, or use them as collateral for other uses in ecosystem games.
One of the core games, MoMo Token Master, allows players to battle each other to steal gold coins from their friends and foes. Users on the leaderboard can earn more MBOX tokens without spending any money. MoMo Farmer lets players collect farms and earn tokens, while Trade Action includes a more educational and competitive, weekly risk-free trading competition.
Founders of MOBOX (MBOX)
MOBOX (MBOX) stated last year it has a team of more than 30 individuals with "extensive experience in developing and operating world-renowned social gaming platforms," though there is no information on who these people are and what the extensive experience entails on its site.
It's great to have a technical review, but naturally, who is leading the team and what experiences they have are curious matters. A good way to avoid crypto scams or poorly executed projects is to thoroughly research the involved individuals.
What Makes MOBOX (MBOX) Unique?
The combination of DeFi, Blockchain games, and NFTs offers unique opportunities for both novice and advanced crypto currency enthusiasts. It's relatively easy to earn MBOX tokens through various games. Additionally, combining the free-to-play model with the play-to-earn concept is intriguing. The second concept has been successful in various games, although it usually requires an upfront investment. MOBOX (MBOX) adopts a different approach by creating an accessible ecosystem.
The MOBOX (MBOX) ecosystem includes tools for gaming and NFT creation, inviting developers to create and explore different possibilities. Launching and publishing games on this platform could be an appropriate way for budding game developers to make their names known.
Where Can MOBOX (MBOX) Be Found?
MOBOX (MBOX) is not available on any of the leading crypto currency exchanges in the US. It can be traded on a decentralized exchange (DEX) like Pancake Swap, and customers outside the US can also purchase it from popular exchanges.
MOBOX Roadmap
There is still much work ahead for the MOBOX team. Community members have many things to look forward to, from cross-chain NFT support to introducing new games and creating legendary NFTs for e-sports players. The team will also refresh cross-chain yield farming in early 2022. Token holders will be able to vote on NFTs and games to be released in the future.
MOBOX (MBOX) MoMo NFTs
MoMo NFTs,
Are minted through unlocking blind box chests using Keys (BEP-20 Token).
Are included in a Smart Contract to mint MBOX tokens.
Can be traded on the MOBOX NFT Marketplace.
Are used in all games on the MOBOX platform.
Are ranked by rarity.
Circulating Supply of MOBOX (MBOX)
The MOBOX (MBOX) platform had a fair launch on April 6, 2021, with a total token supply of 1 billion. 51% of the tokens are held by the community, 21% for community contributors, 8% for strategic partners, and 20% for the team. MBOX tokens are released over 5 years, with 400 million tokens released in the first year and a decreasing momentum following each subsequent year. 80% of platform fees are used to burn MBOX tokens through a unique smart contract triggered for automatic buy-back and burn.
MOBOX (MBOX) Live Price Data
As of writing, the live MOBOX price is $5.48 USD with a 24-hour trading volume of 106,617,762 USD. MOBOX (MBOX) has increased by 12.84% in the last 24 hours. It ranks 246 in the exchange it was taken from, with a live market cap of 311,686,234 USD. It has a circulating supply of 56,838,475 MBOX tokens and a maximum supply of 1,000,000,000 MBOX tokens.
Mobox (MBOX)
14.04%
$ 0.049599
$ 0.006964
⇣ 0.043364
13 Oct
⇡ 0.049942
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