Mobox Games Binance App | How MOBOX Gaming Token Works | Mobox NFT

Mobox Games Binance – MOBOX is a gaming platform which combines yield farming and farming NFTs to create a free-to-play and play to earn ecosystem. MOBOX believes that every metaverse can be connected through the NFTs, It aims to achieve interoperability across games and other platforms.

Mobox Games Binance

MOBOX (MBOX) is a cryptocurrency token that was launched in April 2021, Since then it has become very much popular. On 19th August 2021, Binance announced that MOBX would be the 22nd project on the Binance lauchpool whih allows investors stake several tokens and earn new types of crypto currency, we will discuss this below.

Developing games based on NFTs can generate huge revenue opportunities, Some NFT gaming assets should not be used in multiple games to maintain scarcity and protect the the artists and game developers work.

The MOBOX gaming project aims to increase the utility of each gaming title’s NFTs and develop more real-time utility for NFTs.

MOBOX platform has several uses, its main attraction is playing to earn crypto currency gaming, It has released one of the game so far titled ‘MOMO: Token Master’. The MOBOX platform has two more games scheduled to release this year – ‘MOM: Block Browl’ and ‘MOMO: Tactical party Slayer.’

How MOBOX Gaming Token Works

The MOBOX native utility token is being used for the following:

In game currency: The MOBOX token facilitates in-game purchases such as acquiring additional characters, lottery wheel, and incentives for in-game activity such as rewards for PvP – Player versus Player battles.

Governance: MOBOX token holders would have the ability to submit and vote on proposals to influence the platform’s development and direction.

Liquidity mining: MOBOX users would also have the ability to stake in various liquidity pools on the MOBOX platform’s development and direction.

NFT mystery boxes: MOBOX users can also stake MOBOX tokens for a chance of obtaining unique MOMO NFT mystery boxes.

Staking: Those who lend MOBOX token to the platform’s liquidity pool can earn rewards and a high chance to win NFTs.

MOMO NFT auction: MOBOX holders can bid for limited legendary MOMO NFTs using MBOX tokens.

The MOBOX platform consists of the following major component working in conjunction:

The NFT marketplace: Decentralized NFT marketplace to trade, rent and lend MOM NFTs.

Game Creators: A set of MOBOX APIs (Application Programming Interface) to enable developers to launch and publish their games on MBOX platform, and use MBOX tokens and MOMO NFTs.

NFT creators: A set of tools for users to create their own MOMO NFTs using the ERC721 standard.

Leave a Reply

Your email address will not be published. Required fields are marked *