MBOX is the backbone of MOBOX's innovative gaming platform, bridging the realms of decentralized finance (DeFi) and non-fungible tokens (NFTs) to create the exciting MOMOverse. Launched on April 6, 2021, MOBOX operates with a unique tokenomics model focusing on community and sustainability. MOBOX is not just a game; it is a decentralized ecosystem where every action and contribution from its global community is rewarded and reinvested to enhance the overall gaming experience. With a pioneering fair launch model and strategic token distribution, MOBOX is set to revolutionize the GameFi space. Explore the MOMOverse and see how MBOX tokens are reshaping the future of gaming and financial interaction.

What is MOBOX (MBOX)?

MOBOX is a gaming platform and metaverse creator that combines automated optimized DeFi yield farming and gaming NFTs to create a GameFi metaverse known as the MOMOverse. This cross-platform metaverse can be enjoyed on all devices, no matter where you are. Whether it is creating content or enjoying others’ creations, the MOMOverse rewards players, developers, and collectors for their engagement and enjoyment.

The Purpose and Utility of MBOX Tokens

The MOBOX crypto token, also known as MBOX, is the native utility token of the MOBOX platform. It serves multiple purposes within the MOBOX ecosystem, including:

In-Game Currency

MBOX facilitates purchases for in-game activities such as acquiring additional characters, lottery wheel spins, and incentives for player-versus-player (PvP) battles. This utility makes MBOX an essential part of the gaming experience, allowing players to enhance their gameplay and compete more effectively.

Governance

MBOX token holders can submit and vote on proposals to influence the platform's development and direction. This decentralized governance model ensures that the community has a say in the future of the platform, making it a truly community-driven ecosystem.

Liquidity Mining

Users can stake in various liquidity pools on the platform or stake MOMO NFTs to earn staking rewards paid in MBOX tokens. This feature not only incentivizes participation but also helps maintain liquidity within the ecosystem.

NFT Mystery Boxes

Users can stake MBOX tokens for a chance to obtain unique MOMO NFT mystery boxes. These mystery boxes contain rare and valuable NFTs that can be used across all games on the MOBOX platform, adding an element of excitement and exclusivity to the gaming experience.

Token Buyback and Burn Policy

The platform has implemented a buyback and burn program funded by 80% of all profits across the platform. This mechanism reduces the maximum token supply of MBOX over time, creating a deflationary effect that can potentially increase the token's value.

Tokenomics and Distribution Model

The MOBOX (MBOX) crypto token has a specific tokenomics and distribution model designed to ensure fairness and transparency within the blockchain ecosystem. The total supply of MBOX is 1,000,000,000 tokens, distributed over five years according to a predefined schedule.

Distribution Breakdown

• Community: 51% (510,000,000 MBOX)
• Contributors: 21% (210,000,000 MBOX)
• Strategic Partners: 8% (80,000,000 MBOX)
• Team MOBOX: 20% (200,000,000 MBOX)

Release Schedule

The MBOX token is released over five years, with 400 million being released in the first year and diminishing after each subsequent year. This gradual release schedule helps maintain a balanced supply and demand dynamic within the ecosystem.

Token Burning

Any tokens not mined in the first year will be burned. Additionally, the buyback and burn program further reduces the token supply, helping to control inflation and maintain the token's value.

Market Data

As of the latest data, the market statistics for MBOX are as follows:

• Current Price: $0.5445
• Market Cap: $148,277,300.52
• 24h Price Change: 9.70%
• 7d Price Change: 20.19%
• 30d Price Change: 88.92%
• 24h High: $0.5714
• 24h Low: $0.4952
• All-Time High: $15.6819 (2021-12-01)
• All-Time Low: $0.2018 (2023-10-19)
• Circulating Supply: 272,309,369.00
• Total Supply: 369,987,868.00

The Team Behind MOBOX

The founders of MOBOX have been in the Dapp space since 2018. With a wealth of experience in coding smart contracts, the team has handled over $4 billion across their Dapps. The international team has created communities across the globe, and their previous Dapp was successfully the first-ever gaming Dapp featured on Binance Launchpad.

Team Qualifications

The MOBOX team consists of 30 members, with 20 of them being developers, hailing from Canada, Australia, and China. The team has experience in developing on Ethereum, TRON, and EOS, and has chosen Binance Smart Chain for its healthy DeFi ecosystem, quick transaction speeds, low gas costs, and strong community support.

Security and Audits

The team has conducted thorough research on smart contracts on the Ethereum network, particularly those that have been attacked by bad actors, to ensure their own smart contracts are secure. They have also completed Smart Contract audits from CertiK, achieving an average security score of 90.

Where to Buy MBOX Tokens

MBOX tokens can be bought on several platforms:

• Binance: Buy MBOX on Binance
• Pancake Swap: Buy MBOX on Pancake Swap
• MOBOX Website: Buy MBOX through MOBOX

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

Unique Features of MOBOX

MOMO NFTs

MOBOX MOMO NFTs are a unique aspect of the platform:

• Minted through unlocking blind boxes (Mystery Boxes)
• Staked in a Smart Contract to mint MBOX tokens
• Can be traded on the MOBOX NFT Marketplace
• Used across all the games on the MOBOX platform
• Tiered according to rarity

Cross-Platform Metaverse

The MOMOverse is a cross-platform metaverse that can be enjoyed on all devices, no matter where you are. This flexibility ensures that users can engage with the platform from anywhere, enhancing the overall user experience.

Community Engagement

MOBOX has created communities across the globe, fostering a strong and engaged user base. The platform rewards players, developers, and collectors for their engagement and enjoyment, creating a sustainable and vibrant ecosystem.

Conclusion