What is MOBOX? MOBOX (MBOX) is a blockchain-based gaming platform incorporating DeFi and NFT elements. In this article, you can access answers to frequently asked questions such as what is MOBOX, what it offers, what is MBOX coin, how to get it, what is it 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 products. 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 native cryptocurrency called MBOX coin. MBOX holders can earn through various products offered by the platform, such as yield farming.
The platform has a rich 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 products such as liquidity mining and NFT staking. The rate at which users earn rewards is based on a rating called “mixed power”. Users can increase hash rates and optimize their earnings by collecting MOMO NFTs with certain characteristics. 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, putting MOMO NFTs up for sale on the marketplace causes the user’s hash rate to drop. In addition to all this, the platform provides cross-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 management 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 locking (staking) their assets with a certain maturity. Users can purchase in-game items such as additional battle time via tokens and participate in prize draws. In addition, using MBOX coin, users can trade on the NFT market, trade on exchanges and earn tokens through yield farming. At the time of writing, MBOX coin was the 251st largest cryptocurrency with a market cap of around $222 million. In addition, 80 million MBOX were in circulation, which is 8% of the token’s maximum supply of 1 billion units. Binance, the world’s largest cryptocurrency exchange, released an announcement for the MOBOX awards 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 crypto 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 are fully registered members and deposit funds into their wallets can purchase the token.
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