What is MOBOX?

what is mobox
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Introducing MOBOX, a vibrant gaming platform on BNB Smart Chain

MOBOX is an NFT-powered gaming platform that organically combines yield farming and NFT farming. The platform adopts both free-to-play and play-to-earn mechanics. Ultimately, MOBOX strives to bring more engaging usage scenarios for NFT and DeFi technology by introducing a virtual world called MOMOverse. 

Mystery Box has become an effective marketing gimmick over the last few years. Not surprisingly, this combination has taken the crypto community by storm. But what will happen when NFT meets Mystery Box? 

MOBOX on BNB Smart Chain set out using the Mystery Box mechanism as a unique selling point. Now it has evolved into a one-of-a-kind gaming platform in the blockchain industry. Notably, MOBOX created an impressive record in April by sending  90,000 users to the dapp in a single day. 

dappradar tracking MOBOX

Content

What is MOBOX?

MOBOX is a gaming ecosystem on BNB Smart Chain that combines yield farming and farming NFTs. These NFTs allow players to participate and use them in multiple play-to-earn (P2E) games on the platform. On MOBOX’s free-to-play platform, players can mine MOMO NFTs by staking cryptocurrency. 

What is MBOX?

MBOX token distribution will go through a 5-year period, with 400,000,000 tokens released in the first year. The token allocation for the first year is as follows.

MOBOX MBOX token allocation

First, the MBOX token facilitates in-game purchases, such as acquiring equipment and characters. Additionally, players receive MBOX as incentives for taking part in games and other activities such as NFT mining. 

In governance, MBOX token holders can submit and vote on proposals to influence the platform’s development and business direction. Furthermore, users can stake in various liquidity pools on the platform to earn staking rewards in MBOX tokens.

How does play-to-earn work in MOBOX?

MOBOX boasts a sustainable token economic system in which gamification plays a critical part. Moreover, the platform allows users to be benefited from its player-owned economy in various ways. 

Users can find three ways to generate passive income. They are Yield Mining, MOMO Mining, and Mystery Box. Find them on the MOMO Farmer page.

MOBOX MOMO Farmer

Yield Farming

Yield Farming is a popular DeFi instrument. It refers to maximizing crypto returns by depositing or lending designated tokens through DeFi protocols. This mechanism will provide liquidity for the swap fund pool. As a result, users can obtain a commission by participating in Yield Farming. 

On the MOBOX platform, users can deposit the MBOX-BNB liquidity pool (LP) tokens to increase the pool’s liquidity. Later, participants can get an airdrop of MBOX as a reward for providing liquidity.

MOBOX liquidity farming

Follow this link to get step-by-step tutorials on MOBOX Yield Farming on MOBOX.

MOMO NFT Mining

To join NFT Mining and gain rewards, users will need MOMO, an NFT asset of the MOBOX platform. Users can obtain MOMO by opening a Mystery Box or purchasing from the NFT marketplace. 

After users acquire MOMOs, the system automatically puts them into staking mode. As a result, it starts mining MBOX tokens and generating income daily. Users can go to Mining Camp to check the latest status of their mining activity. 

MOMO NFT Farming brings NFT and DeFi together in a new way and opens up unique usage scenarios for these technologies. This DappRadar article helps users better understand the MOMO NFT Farming experience.

Mystery BOX

The Mystery BOX is an NFT blind box in the form of BEP-1155. For those unfamiliar with BEP-1155, it is a multi-token standard on the BNB Smart Chain. It combines the fungibility of BEP-20 and the non-fungibility of BEP-721 in one smart contract. 

Each Mystery BOX contains a MOMO NFT with random quality and hash power according to the probability. It is worth noting that MOMO’s hash power determines its earning capability. Each MOMO NFT has a random base hash power, which can be improved by consuming other MOMO NFT or MEC NFT. 

To earn income with Mystery BOX, users can directly sell the Mystery BOX. Another way is to sell the MOMO inside the BOX after opening it. The price of MOMOs depends on market demand, but rarer MOMO definitely will be more profitable.

Play games

Participating in NFT Mining and games at the same time will significantly increase users earning power. In addition, game savvy will have many ways to boost their income, such as smelting equipment, trading equipment, ranking rewards, and more. Another chance to earn an income is renting out MOMOs to other participants.

Team MOBOX has already released three games for users to experience P2E perks on the platform. To inject interoperability into the MOBOX ecosystem, MOMO NFTs can be used across all the games, each featuring unique in-game uses.

Three game titles available on MOBOX are Token Master, Tactical Party Slayer, and Block Brawl.

What is MOMOverse?

The MOBOX team endeavors to build an engaging virtual world. It will allow MOBOXers to build a network, explore virtual lands, and create infinite possibilities for a player-driven economy.

With that in mind, the team introduced the MOMOverse, enabling players to experience an immersive, interactive and progressive gaming experience. 

Within the MOMOvers, players can choose a MOprofession, a role with several career paths to choose from, including a shopkeeper, builder, and farmer. There is MOsocial embedded to facilitate social networking within the virtual world. MOseum is the place to show off users’ NFT collections.

The MOMOverse also empowers users through digital ownership and a creator economy. The MOland gameplay allows players and guilds to build their territory and experiment with virtual business models. 

The MOMOverse is still in its early stages and will add more user-driven gameplay as Web3 evolves.

MOBOX Community

The MOBOX team launched MOBOX Community as the official forum of the MOBOX platform. There are six sections on the forum, serving different purposes.

  • [General Chat], 
  • [Game Strategies] 
  • [Proposals] 
  • [MOMO Creator] 
  • [Announcement] 
  • [Feedback]

Users can also get in touch with MOBOX through the following channels.

  • Twitter
  • Dicord
  • Medium

DappRadar will continue monitoring the latest developments of MOBOX and its ecosystem. Follow us on Twitter, Discord, and Youtube to keep up with the dynamic blockchain world. 

Members of the DappRadar community can join exciting crypto token airdrops and giveaways on a weekly basis. Make an account, and check out which free crypto airdrops are live right now!

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