MOBOX is a gaming platform that combines yield farming and farming NFTs to create a free-to-play and play-to-earn ecosystem. MOBOX believes that each metaverse can be connected through NFTs, and aims to achieve NFT interoperability across games and platforms.
The project aims to increase the utility of each gaming title's NFTs, and develop more real-time utility for NFTs.
MBOX is MOBOX’s native utility token and is used in the following functions:
In-game currency: The MBOX token facilitates in-game purchases such as acquiring additional characters, lottery wheel, and incentives for in-game activity such as rewards for Player-versus-Player (PvP) battles.
Governance: MBOX token holders will be able to submit and vote on proposals to influence the platform's development and direction.
Liquidity mining: Users can stake in various liquidity pools on the platform or stake MOMO NFTs to earn staking rewards paid in MBOX tokens.
NFT mystery boxes: Users can stake MBOX tokens for a chance to obtain unique MOMO NFT Mystery Boxes.
The platform consists of the following major components working in conjunction:
NFT marketplace: Decentralized NFT marketplace to trade, rent and lend MOMO NFTs.
Game creator: A set of APIs to enable game developers to launch and publish their games on the MBOX platform, and using MBOX tokens and MOMO NFTs.
NFT creator: A set of tools for users to create their own MOMO NFTs using the ERC721 standard.
MOMOverse: The MOMOverse is a cross platform metaverse that 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.
DAG: Create and organize your own Decentralized Autonomous Guild. Using trustless Smart Contracts, start your own MOMO community, share NFT resources, grow your treasury, and have fun and earn together.
NFT interoperability: MOBOX believes that each metaverse can be connected through NFTs, and aims to achieve NFT interoperability across games and platforms. Assets can be used across the whole ecosystem. With a focus on NFT interoperability, assets can be used in multiple games at the same time, creating a whole new world of fun.
MOBOX chain: A unique NFT POS blockchain network controlled and governed by your in-game assets. A revolutionary and carbon neutral blockchain where NFTs collected through your in-game experience acts as your node on the MOBOX blockchain network, providing users with near-instant transactions.
MBOX is minted on the BNB Chain with 20%, 8%, 21% going to team, strategic partnerships, and marketing respectively. 51% of MBOX tokens are mined by users through GameFi mechanics throughout all the games to be released on the platform.
MOBOX is a fair launch project with no pre-sale, no investors, and no pre-mine. Tokens are distributed based on the user's platform activity, across various features such as yield farming, MOMO NFT staking, and MOBOX games.
As at April 13th, 2022, the maximum token supply of MBOX is 930,360,086 and the current circulating supply is 131,819,902 (~14.17% of the maximum token supply).
Key metrics (as of April 13th 2022)
Ticker | MBOX |
|---|---|
Maxiumum Token Supply | 930,360,086 MBOX |
Initial Circ. Supply When Listed on Binance | 43,885,469 MBOX (~4.39% of the maximum token supply) |
Binance Launchpool Allocation | 3,000,000 MBOX |
Binance Launchpool Start Date | August 20th 2021 |
1. What is MOBOX?
MOBOX is a gaming platform that combines the best of DeFi yield farming and GameFi NFTs (MOMOs) to create a free-to-play and play-to-earn ecosystem. The MOBOX team comprises of individuals with over 10 years of experience in developing and operating social gaming platforms.
Users' interactions within the MOBOX platform.
Source: MOBOX Documentation
The MOBOX's GameFi infrastructure builds on the developing DeFi ecosystem and combines it with gaming through unique NFTs. The platform is designed to find attractive yield strategies, and generate unique NFTs that can be used across a multitude of MOBOX games.
MOBOX has launched 4 NFT Games Token Master, MOMO Blockchain Brawler, ChainZ Arena MOBOX Edition & a 4th Game is just about to launch a Tower Defense game called MOLand Defense.
MOBOX is also working with established projects in the ecosystem to develop NFT interoperability across platforms and games. The platform has integrated NFTs from other projects (e.g. PancakeSwap NFTs), which can be used in MOBOX's platform games. In addition, the team is developing cross-chain bridges for NFTs, which will allow users to move NFTs between BNB Chain, ETH, and TRON.
The MBOX token is the native utility token of the MOBOX platform, and has the following use cases.
In-game currency: The MBOX token facilitates purchases for in-game activity such as acquiring additional characters, lottery wheel, and incentives for in-game activity such as rewards for Player-versus-Player (PvP) battles.
Governance: MBOX token holders will be able to submit and vote on proposals to influence the platform's development and direction.
Liquidity mining: Users can stake in various liquidity pools on the platform or stake MOMO NFTs to earn staking rewards paid in MBOX tokens.
NFT mystery boxes: Users can stake MBOX tokens for a chance to obtain unique MOMO NFT mystery boxes.
Token Buyback and Burn policy
Source: MOBOX Documentation
The platform has also implemented a buyback and burn program funded by 80% of all profits across the platform, which will reduce the maximum token supply of MBOX over time.
2. Recent news
April 2022: Launch of the MOMOverse Alpha Test: UnBOXing a MOMOverse of Infinite Possibilities.
April 2022: The Ultimate Collect, Burn & Win Event.
Nov 2021: Binance Labs Makes Strategic Investment in MOBOX.
August 2021: Completed MOMO X Binance NFT auction for Legendary MOMO (Bino Binancian Bot) for 100,000 MBOX (~$150,000).
August 2021: Completed MOBOX Mystery Box Sale on Binance NFT Marketplace.
July 2021: Completed the auction for Legendary MOMO (CoinMarketCap NFT) sold for $60,000 BUSD.
July 2021: Selected for the Most Valuable Builder II (MVBII) program amongst projects in the BNB Chain ecosystem.
3. Token economics and supply
3.1 Token allocation (at token generation event)
Token Name | MBOX |
|---|---|
Strategic Partners | 8.00% of the total token supply |
Contributors | 21.00% of the total token supply |
Team | 20.00% of the total token supply |
Community | 51.00% of the total token supply |
3.2 MBOX token allocation (at token generation event)
3.3 MBOX token release schedule
MBOX is a platform token that is minted on the Binance Smart Chain with 20%, 8%, 21% going to team, strategic partnerships, and marketing and community supporters respectively. 51% of MBOX tokens are mined by users through GameFi mechanics throughout all the games to be released on the platform.
The max amount for each year is applied for at the beginning of each year. Any tokens that are not released into circulation by the end of the year are forever burned. Each year the DAO will vote to approve how the tokens are allocated to each game and how tokens should be allocated to strategic partnerships and marketing. They can also vote on how much is released via MOMO: NFT Farmer.
The platform has also implemented a buyback and burn program funded by 80% of all profits across the platform, which will reduce the maximum token supply of MBOX over time.
4. Community overview
MOBOX has fostered a global community by drawing from the team's experience in building dApps across different protocols.
Current community growth strategies of MOBOX includes:
CoinMarketCap collaboration: Created co-branded NFTs which were distributed through the Learn and Earn campaign. One limited edition MOMO CoinMarketCap NFT was created for the CMC Diamond Rewards Program.
Binance NFT Marketplace: Created co-branded NFTs and collaborated on Mystery Box Event, where the sale of 23,500 Mystery Boxes was completed in 2 seconds.
Team Alliance: Collaborated with a renowned e-sports team to issue limited MOMO NFTs as well as expanding MOBOX games into the e-sports world.
Current community growth strategies of MOBOX includes:
Develop partnerships with ecosystem projects through co-branded MOMO NFT collaborations.
Foster partnerships with existing NFT projects to develop NFT interoperability and increase the utility of NFTs through MOBOX games.
Future collaboration with e-sports teams to introduce their gaming community and assets to the NFT world via the MOBOX platform. (i.e Alliance e-sports team)
Host blockchain gaming conferences, workshops, and meetups to engage with potential users.
Weekly AMAs and contests to educate users on the value of GameFi.
Weekly community updates to provide progress updates and increase community engagement.