What is MOBOX? MOBOX (MBOX) is a blockchain-based gaming platform incorporating DeFi and NFT elements. In this article, you can find answers to frequently asked questions such as what is MOBOX, what it offers, what is MBOX coin, how to buy it, what it is used for. As Kriptokoin.com , we have compiled it for you. Let’s examine the project together.
What is MOBOX?
MOBOX is an NFT gaming project built on Binance Smart Chain. The project, which also includes elements in the DeFi and NFT fields, works as a game platform with a play-to-win (P2E) model. Within the platform, users can play games for free and earn income from NFT and DeFi works. The platform is managed as a decentralized autonomous organization (DAO). Users can vote in the platform’s DAO and shape the future of the project. In addition, the project has a local cryptocurrency called MBOX coin. MBOX holders can profit through various works offered by the platform, such as yield farming.
The platform has a strong economy to reward users. Users can earn token rewards by completing missions in the metaverse game. The platform also allows users to generate income through decentralized financial assets such as liquidity mining and NFT staking. The rate at which users win prizes is based on a rating called “karma power”. By collecting MOMO NFTs with must-have features, users can increase hash rates and optimize profits. The platform also has an NFT marketplace. In this NFT market, users can sell NFTs obtained by playing games, and buy NFTs with different features. However, placing MOMO NFTs for sale on the marketplace results in a lower user hash rate. In addition to all this, the platform provides mid-chain integration for NFTs. Users can transfer their assets to Ethereum and Polygon blockchains.
What is MBOX coin? What is it used for?
MBOX coin is the native cryptocurrency of the blockchain gaming platform MOBOX. The cryptocurrency was created with the BEP-20 smart contract on Binance Smart Chain. MBOX, a governance token, can be used in the platform’s DAO. Token holders have voting rights in administrative decisions made in the DAO. This governance approach based on token ownership ensures the decentralization of the network. On the other hand, MBOX is not only used for governance purposes, the token has various use cases within the platform. MBOX coin mostly acts as an economic incentive within the platform. The token, which has a staking feature, allows users to earn income in various ways.
Token holders can earn additional token rewards at maturity by staking their assets with a certain maturity. Users can purchase items and participate in prize draws for additional battle time in-game via tokens. In addition, users can trade on the NFT market, trade on exchanges, and earn tokens through yield farming using MBOX coin. At the time of writing, MBOX coin was in the 251st largest cryptocurrency position with a market cap of around $222 million. In addition, 80 million MBOX were in circulation, which is 8% of the token’s 1 billion max supply. Binance, the world’s largest cryptocurrency exchange, released an announcement for MOBOX rewards on April 14, 2022. This could trigger an uptrend in the price action of MBOX coin.
How to get MBOX coin?
MBOX coin is listed by many crypto exchanges, including the world’s largest cryptocurrency exchange Binance. Investors interested in the MOBOX project; You can become a member of crypto exchanges such as Binance, Gate.io, Phemex, ZT. Users who fully subscribe and deposit funds into their wallets can purchase the token.