The Mobox platform is a play-to-earn (P2E) blockchain gaming platform that combines all the existing elements of the DeFi space, as well as the theoretic mechanics required for the creation of a unique, free-to-play, community-driven “GameFi” system. Additionally, the Mobox network is also governed by a decentralized autonomous organization (DAO) which exists in such a way that the holders of the native MBOX token and the veMBOX token can vote on proposals related to the network and make essential changes to its operation.
Furthermore, the Mobox platform has also facilitated the creation of a gaming metaverse that stands as a developing economy through its consistent provision of a mode for game developers to earn passive income from their participation on the network by completing tasks and quests within the game. Additionally, the users can also participate in liquidity mining through MBOX-BNB LP tokens, as well as collect rare NFTs to increase their earning potential. The players also have a “hash power” score which determines the speed of reward accumulation within the network. By holding specific groups of MOMO NFTs that have specific attributes, the players can increase their hash power and by extension optimize their earnings. Also, the participants with higher hash rates unlock higher-level pieces of equipment, battle, and game modes.
Who are the founders of Mobox Protocol (MBOX)?
In a similar principle to several of the blockchain-based platforms that have been rolling out over the last couple of years, the founders of the Mobox platform are currently unknown. Although the individuals responsible for its creation do not claim to be anonymous, there is no record of an official statement or any form of publication from the founding parties.
However, based on the level of success the network has attained, the managing parties of the network have proven to be quite resourceful as they have improved the visibility of the network on a grand scale and made it into a safe environment for interested participants to interact and make use of the earning provisions created.
What is Mobox Protocol (MBOX) used for?
The Mobox platform prides itself on being a decentralized blockchain-based play-to-earn (P2E) gaming system that is operated on the Binance Smart Chain (BSC). The system essentially features three types of gaming services along with NFT and Defi applications on a broad scale. The native token of the platform MOBOK is used for carrying out transactions on the platform such as buying, selling, and all-round trading. It also provides an avenue for participants to unlock bonus features and to purchase high-tech equipment and in-game assets.
The Mobox network is the home to an ever-growing network of crypto games. The first in its line of products was the Block Brawler, the Trade Action, and Token Master. Each of the games tied to the network makes use of the Mobox NFT range and the MBox utility token. However, each of those games also offers different modes and mechanics to their operations. Accordingly, the Mobox crypto gaming ecosystem caters to a wide range of gamers and crypto enthusiasts. The MBOX token is also a valuable medium of exchange and can be swapped with other token pairs such as USDT.
What Is the Unique Point of Mobox Protocol (MBOX)?
One of the most prominent features that sets the Mobox network apart from most of the other related platforms in the world of cryptocurrency is its gaming P2E function which allows participants of the network to have fun while they also earn money. While that factor stands, another advantageous point of the platform is its offer of a yield farming front. The Mobox platform makes use of a collection of smart contracts which are known as crates and facilitates the automatic generation of the best yields from a variety of decentralized protocols all through the Binance smart chain ecosystem.
Additionally, the network also offers the MOMO NFT marketplace which is a decentralized marketplace that is characterized by its micro fees and its seamless user interface. Unlike most of the other staking systems, the MOMO NFT does not have any staking requirement before they can be traded, implying that they can be traded while they are still staked. The NFTs on the platform can also be mined, as each MOMO NFT found on the network comes with a specific “Token Key” allowing the holders to unlock treasure chests. By opening these boxes, the players are given the ability to generate and mint MOMO NFTs on the Binance Smart Chain.
How many Mobox Protocol (MBOX) coins are in circulation?
According to its tokenomics, the Mobox protocol has its total token supply pegged at 1,000,000,000 MBOX coins, and of that amount, the system has a circulating supply of 79,853,076 MBOX. This implies that there is still a significant amount of MBOX tokens available to be purchased.
On its token allocation front, 8% of the total supply was assigned to strategic partners; 20% was kept for the team; 21% for community contributors and 51% of the token are to be minted by the community members. The MBOX token has a 5 year release period with 400 million being unlocked the first year and then diminishing after each of the subsequent years. The platform is also designed in a way that 80% of the fees collected are used to burn MBOX tokens through a unique smart contract that is triggered by auto buyback and burn protocol.
Is the Mobox Protocol (MBOX) Network secured?
The Mobox Protocol was designed under the Binance smart chain after a series of spikes in the Metaverse ecosystem. It was created to serve as a world where all community members can experience financial freedom on a global scale.
Because it was built on the Binance smart chain, the platform is equipped with the same security protocol as the Binance ecosystem. As such, the platform is protected by a delegated group of individuals who are focused on ensuring the absolute safety of the platform by making sure the transactions being executed on its network are extensively scrutinized and each transaction is vetted by a large number of network users before it’s added to the blockchain.
How do I buy Mobox Protocol (MBOX)?
Over the years, the world of cryptocurrency gaming has become more prominent, and that has led to more focused developments in the sector. Because of this reason, coupled with several other use cases, enthusiasts from all over the world have been looking to become a part of the network and this is easily achievable through its dedicated tokens which are currently available across several exchanges. These tokens can be bought directly through the step-by-step procedure provided below.
- Open an account with the crypto trading platform.
- Deposit a specific amount of fiat money to the crypto account.
- Buy your MBOX tokens.
Which Cryptocurrency Wallet Supports Mobox Protocol (MBOX)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as Mobox Protocol (MBOX). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their MBOX wallet because it offers a simple and interactive interface making it easy for people to navigate its system.