MOBOX is a gaming platform that combines yield farming and NFT mining to create a free-to-play and play-to-earn ecosystem. MOBOX believes every metaverse can be connected through NFTs and aims to achieve interoperability of NFTs across games and platforms.
The project seeks to enhance the utility of NFTs within each game and develop more real-time utilities for NFTs.
MBOX is the native functional token of MOBOX, used for the following purposes:
In-game Currency: MBOX tokens facilitate in-game purchases such as additional characters, draws, and rewards from in-game activities like player-vs-player (PvP) events.
Governance: MBOX token holders will be able to submit proposals and vote to influence the development and direction of the platform.
Liquidity Mining: Users can stake or lock MOMO NFTs in various liquidity pools on the platform to earn staking rewards paid in MBOX tokens.
NFT Mystery Boxes: Users can stake MBOX tokens to obtain unique MOMO NFT mystery boxes.
MOMO NFT Auctions: Users can bid using MBOX tokens on limited, legendary MOMO NFTs.
The platform consists of the following primary components:
NFT Marketplace: A decentralized marketplace for trading, renting, and lending MOMO NFTs.
Game Creator: A set of APIs that enables game developers to launch and publish their own games on the MBOX platform, utilizing MBOX tokens and MOMO NFTs.
NFT Creator: Tools for users to create their own MOMO NFTs using the ERC-721 standard.
MOBOX is a fair-launch project with no presale, no investors, and no pre-mine. Tokens are distributed based on user activity on the platform, such as yield farming, MOMO NFT staking, and MOBOX games. MBOX tokens are minted on the Binance Smart Chain (BSC), with 20%, 8%, and 21% allocated to the team, strategic partners, and marketing respectively. 51% of the MBOX tokens are mined by users through GameFi mechanisms across all games launched on the platform.
As of August 19, 2021, the total supply of MBOX is 1,000,000,000, with a current circulating supply of 43,885,469 (approximately 4.39% of the total token supply).