What Is MOBOX (MBOX)?
MOBOX (MBOX) is an NFT gaming platform that runs on Binance Smart Chain. It combines NFTs gaming and Defi yield farming to create a ‘free-to-play, play-to-earn gaming design model. They designed the MOBOX platform to source attractive yield strategies and created unique NFTs used across various MOBOX games. In addition, the gaming platform aims at connecting each metaverse via introducing NFT interoperability in different platforms and blockchain games.
More so, MOBOX seeks to improve the NFTs utility of blockchain games titles and bring in additional utility via various efforts. The ecosystem of the platform promotes the play-to-earn mechanism without eliminating the free-to-play model. Users can participate in various platforms, ranging from blockchain gaming and yield farming to NFT farming. In addition, they earn staking rewards for staking in liquidity pools or using MOMO NFTs paid in MOBOX native currency.
The MOBOX team launched an NFT game ‘Token Master,’ followed closely by an RPG game ‘MOMO blockchain brawler. In addition, they are working with other established projects in the ecosystem to crate NFT interoperability across games and platforms.
Components Of the MOBOX Platform
MOBOX (MBOX) seeks to be the next-generation gaming platform that combines fun with saving and earning. It has 4 distinct features, which are MWallet, GameFI, MOBOX BITS, and MOBOX Manager. The platform offers a rare and unique experience to all users. It comprises the following main components;
- NFT Creator: This platform allows designers and artists to develop their unique MOMOs used across the MOBOX Games. It’s a convenient set of tools that assists users who wish to create MOMO NFTs by adopting the ERC-721 standard. In addition, MOBOX removes all technical barriers with the aid of Smart Contracts. This simplifies the entires process and makes it easier for users to earn rewards for their creations.
- The NFT Marketplace: MOBOX provides a decentralized market where you can trade, lend and rent MOMO NFTs with participants in other ecosystems. It uses yield farming, liquidity pools, and NFTs to source the best yield strategies, generating unique NFTs for users. This allows MBOX users to play for free and earn in a singular process.
- Game Creator: This platform provides a suite of benefits to indie developers, encouraging them to develop great games. It’s a collection of APIs that launches and publishes games on MOBOX. The Game Creator platform gives developers access to MOMO NFTs, whether it’s a decentralized or a centralized game. It comprises a large gamer community with short payment schedules and low-cost publishing. The Game Creator platform allows developers to include MOMO NFTs and MBOX tokens into their game with less difficulty.
Sustainable DEFI Solutions
APYs and Yield farming have provided many a new income stream, but sustainability has been their challenge. They have no inherent token value that has a long-term benefit for users. There has been a lot of speculation on the possible outcome of having a Bankless World since the inception of Defi. The process of generating the income streams takes the form of musical chairs. Copycats join the ecosystem every day, with users going for the one with the highest yield. When the music finally halts, only those with genuine innovation will survive it.
The True Value of NFTs
The NFTs concept is among the initial ideas of how unique tokens and smart contracts can benefit both users and creators. Many projects to get the big thing have resorted to NFTs, with several past cases. However, among these numerous users, only a few have a product that shows their true NFTs value. The Non-fungible tokens are not supposed to be hype but a true revolutionary standard.
More so, it should ensure that the creators receive their effort and time.
Scalability
The growth of the DApps relies on the resolution of its scalability challenges. Many DApps have failed due to extreme complexity in the onboarding process, long transaction times, and high transaction fees. There is the emergence of numerous solutions for lower gas fees and faster transaction speeds in transactions per second (TPS). Hence, users usually need to learn a new curve when trying to convert to a new blockchain.
How Does MOBOX Work?
The MOBOX (MBOX) 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.
BOX Token
This is the native token that powers the MOBOX (MBOX) 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. The MBOX token serves several purposes in the system like;
Bottom Line
This MOBOX (MBOX) review describes the project as a protocol that combines the advantages of Defi yield farming and gaming NFTs. It provides a free-to-play and free-to-earn gaming platform via this combination; it runs on Binance Smart Chain.
Furthermore, the gaming platform shows true interoperability by combining the functionality of cross-platform and cross-chain for NFTs. A team of experienced Smart Contrat developers and skilled personnel from different parts of the globe developed the MOBOX system.
The protocol is made of great features that make it unique. It has a native utility token called the MBOX token. It powers the network and serves several purposes in the ecosystem, including governance votes to determine resource allocation.
