Thanks a lot for actively participating in the Mobox AMA held on 14th April 2021 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Mobox

We have with us Soon

Again, thank you all for having me.  My name is Sam co-founder of MOBOX.io a new platform that combines the best of Yield Farming Defi and Gaming NFTs.

We have been in the DApp industry for almost 4 years now.  We started with back in 2017 creating a RPG NFT game on the Ethereum network.  We then moved on to the TRON network and built one of the greatest Gaming DApps ever.  It was also the first ever Gaming DApp to be on the Binance Launchpad.

MOBOX.io is our new project where want to make Free to play and Play to earn a reality.

Basically users stake their crypto, our optimized yield farming contracts uses the best strategy to earn them APY on their crypto.

At the same time, they farm unique NFTs called MOMOs, which can be upgraded to increase something we call "hash power" .

Depending on a user's hashpower they can mine MBOX DAO tokens.  

The NFTs can be used throughout our whole platform.  We will be launching 3 games this year.

This chart explains roughly how the ecosystem works.

Q1. How is MOBOX planning to attract users and show that MOBOX is a tool with better underlying technology and easier, more intuitive development experience? What are the challenges you are trying to solve in the next 6-12 months?

So for the first question

There are two type of DeFi/NFT platforms I see in the market right now.

1. The first time is where people are just copy and pasting yield farms and AMMs. 

This means that there is no innovation. When there is no innovation then there is no growth.  More importantly, no one else will compete with Uniswap, Pancake swap, Sushi swap etc if they do not have innovation.

DeFi is like lego pieces,  you can build on top of one another and create more value for the user.

So, instead of trying to compete with everyone else, we decided 6 months ago lets go back to our strengths.  What are our strengths?  Gaming and NFTs.  We have been developing games together for more than 10 years and even took a gaming company IPO in 2014.

So instead of making an AMM or what not, we directly integrated Pancake Swap into our ecosystem, to accomplish two things

1. Create a path of least resistance for users who are new to BSC, so they don't have to jump from platform to platform just to enjoy our platform.

2. Build on top of an already excellent DeFi ecosystem and introduce innovation with our strengths, which as I stated above, Gaming and NFTs

The second problem I see is that many projects that talk about Gaming Defi or GameFi, try to integrate DeFi mechanics into their game.  This is very difficult because you need to have enough hodlers of your token first. 

Instead we took a different approach like I Stated above.  We are not going to compete with all these large DeFi ecosystems, so why not try to add more value to it using what we are good at?  Which again is Gaming NFTs.  We built on top of the ecosystem, not trying to plug the ecosystem into what we are doing.

So all in all I do not believe there is any other platform out there that has taken our approach.  We are innovaters in this industry, not copy cats : )

Regarding challenges we are trying to solve in the next 6-12 months

This one is tough, since there are so many challenges.

Choosing BSC was the right choice, as it allows more users to come in and enjoy the DeFi and NFT ecosystem with lower costs.

Going down the road, we are trying to make the process of enjoying free to play and play to earn as simple as possible.  We hope to convert traditional users into blockchain dapp users, and make the onboarding process as simple as possible.

This is also why we built our own plugin wallet, which will ahve added features to make the on-boarding process easier.  It is a cross blockchain wallet plugin (BSC, TRON, ETH)  —  https://chrome.google.com/webstore/detail/mobox-wallet/fcckkdbjnoikooededlapcalpionmalo

So i'd say the biggest challenge is makign the process even simpler so that more people can enjoy, and how we are going to scale - 

Surprisingly we had over 150k registers on our platform since our launch which was 7 days ago.  So scaling is definetly going to be on top of our list.

We are also some very new and innovative Smart Contract technology which we will have to test extensively.

Just too many challenges to list : ) but we are ready for the challenge!

Q2. Can you give us an overview of $MBOX economics? Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn?

Great question, and a question that can never be avoided in this industry haha.

So just for a few stats first.

Total Supply : 1,000,000,000

Released in 4 years : 

1st year 400,000,000

2nd year 225,000,000

3rd year 175,000,000

4th year 125,000,000

5th year 75,000,000

So here you can see it is deflationary, and becomes more scarce so to speak.

The team receives 20% of the overall tokens with NONE PRE-MINED and NO SEED SALE

all the tokens are unlocked at the same time, so let's say a user mines 1 token, then we get our 20% when that token the user mines is minted.

Now to go a little more in-depth

The user can mine the tokens through different mechanisms.  Currently only through MOMO: NFT Farmer and Achievement system

In the 3 games we launch this year, and all games in the future, the currency to be used in game is our MBOX token, there is a burn feature for all expenditures within the game.  For example, 5% of all mbox tokens used in games will be burned.

We also have an auto buyback and burn feature, where all platform profit goes into an auto buyback and burn pool.  The smart contract will automatically check what the average price of MBOX token is in the past 72hours.  Whenever it goes below that price, it automatically triggers and will buyback and burn tokens from AMM.

We knew from the get go that burning tokens is a very important aspect of any tokenomics, and we wanted to make it as transparent as possible.  That is why we programmed the buyback and burn into the smart contract for everyone to see transparently and verifiably

So given this, the platform has many paths to scarcity, users can stake MBOX to gain bonuses, and as above, many burn features : )

Gary - This is certainly very bullish and I also love the fact that the team tokens get unlocked along with everyone else's.. so definitely there is an incentive for the team to work on the project continuously

no pre-sale, no seed fund, no pre-mine, everything gets unlocked proportionally with the community

Q3. Who is MOBOX 's biggest rival? In the future, does MOBOX have a plan to beat your rival or cooperate with them? I think that will be a huge step forward for MOBOX

I'd like to think that MOBOX has no rivals because we aren't out there to compete with anyone.  We are out there to try to build an ecosystem where everyone can benefit.  

We believe that everyone can be a contributor whether you are a developer a user, an influencer etc.  And that is why we have built a system where whether you are a contributor or competitor there is something in the platform for you to get rewarded rightfully.

for example...

https://mobox.io/#/launchevent

As you can see here, there is soemthing in it for everyone.

Are you an Artist?  Come draw for our games or take a MOMO NFT and design it the way you like.  You will enjoy % of trade fees that your MOMO NFT earns!

Are you a Developer?  We provide you with MOMO NFTs that can be used in games, as well as years of game development system to help you build the game you want.   

One of the biggest issues for small game developers is that they dont' have enough money to continue funding their development because platforms like google and apple have long payment terms.  

With the MOBOX paltform, through smart contracts and a unique Publishing NFT the developer receives their rightful revenue share on a daily basis, ensuring that they can keep up with development.

Are you an influencer?  Well enjoy the platform, and share to your friends and earn rewards on top of what your audience earns!

Are you just here because you like to play games?  Well this is where free to play and play to earn because a reality!  We believe that time and energy should be rewarded, so why not get rewarded while having fun?  Play games and earn MBOX tokens.

So you see, we don't want to compete with anyone, we just want to build a tight community where there is something in it for everyone : )

The great thing about blockchain is that it should be shared with no single owner, so why not keep it that way when we do business? 😀

Q4. Could you please elaborate more about your tokenomics? What’s the total supply and what kind of plans do you have regarding $MBOX unlocks in the future?

So I think I answered most of this above.

If I was to add anything, I'd say that the most important thing is to keep everything transaprent and fair.  Again, that is why nothing is pre-mined and everything unlocks as a user mines.

One thing I can add is that lets say the 400,000,000 in the first year doesn't all get mined (it seems it will though) then anything that is remaining will also get burned.

I know tokenomics are very important, but we just launched and building a sustainable platform for the community is more of what we are focused on right now.

I believe with all the burn mechanisms we have in place, the tokenmoics will work out itself.

Q5. What will be your most important contribution to the rapidly developing NFT sector? How will you participate in this development? And how do you see the future evolution of NFT features and capabilities in the next few years?

So the first biggest contribution is brining our unique NFTs to the BSC ecosystem.  This has allowed everyone to enjoy owning an NFT instead only  whales who can afford the gas fees on ethereum.

Our NFTs are also unique in the sense that everything happens within the smart contract, all the logic, all the staking, all the trading.  This reduces a lot of gas fees for the users.  We will also be making the open source so everyone who wants to get into the NFT space can learn from our innovation.

There are other unique features with our NFTs that I cannot talk about right now, since it is not released yet.  But I guarantee you that it is one of the most innovative feature in the NFT sector for a long time.  It will also allow everyone and not just whales to benefit from.

I believe the greatest thing that NFTs can help the world with is copyright.  

have you ever thought about why school text books come out with a new editions every year?

and each year, it might be just a change in the book cover, or a few words within the text

thats because the author of the book can only make money from the first sale, because they have to find a publisher to distribute the books

and they have no part in the secondary market for the textbook, making the textbook is very expensive for the students

what if each textbook was an ERC1155? and was digital no need for a publisher

each sale in the secondary market the original author can get a small cut

so now you cut out the middle man and everything becomes cheaper

I believe that this is one of the true values for NFTs

and this will be what we will be seeing in the near future with Books, Art, Music, anything to do with copyright and distribution.

Q6. Security and reliability are the factors that are most concerned by users in the blockchain system. Where is project transparency reflected?

Our transparency is reflected in our open source Smart Contracts and CertiK sercurity Audit.

I think transparency also comes from previous team experience.  As mentioned we are the developers of the first ever gaming DApp to launch on Binance Launchpad.  We handled over 4billion dollars in our smart contracts.

Q7. You mention that the MOBOX Ecosystem is "truly unique and eternal", but could you really explain in a few words what characteristics make them "unique" with respect to other projects, and also how to know that they will be "eternal"?

As explained above, there is no other platform out there that I believe has done DeFi and Gaming NFTs the right way.  We didn't go out an totally try to build our own ecosystem like everyone else, but we are trying to add value to the current ecosystem giving users more ways to earn.

In just 7 days over 10 million dollars of NFTs have been traded on our platform.

More importantly we will show true interoperability of NFTs

Q8. Currently, the NFT tokens are the ones that are revolutionizing the DeFi market, where each platform provides them with the characteristics of their preference, so could you really tell us about the themes of your NFTs? And as users can create them, can they do it with any design?

They can do it with any MOMO design, so we actually have a competition going on right now, you can join our telegram for more info about that.

Basically we give users a blank MOMO, and they design it however they like : )

Q9. You point out that MOBOX users will only be rewarded based on their commitment and contributions, that seems fair to me, but then why do you say MOBOX is "free to play and free to win"? Can you really make a profit without betting any assets or not?

You can without spending any asset.  All you are doing is staking for example your stable coins.  We yield farm with those tokens and give you the profit, you then earn NFTs that you can use in games to earn MBOX tokens.

User stake tokens

Earns : Yield + NFT + MBOX tokens

The only loss that might incur is impermanent loss, but that is with every defi platform

Q10. I understand that the MOBOX Asset Portfolio Manager allows you to keep the rewards of the games and NFT in it, but you also mention that it can be connected directly to the centralized exchanger, my question is, will it be able to connect directly to any Cex exchanger?

Yes, and it will analyze your holdings and give you very insightful information.  But this has not been completed yet.

Q11. In order to be able to call it community driven? Which members of the community can participate in the decision making?

You have MBOX Token? then you can vote : )

Q12. Which one is more important for you, token value or technology development? Which one do you prioritize for the sake of your project and why?

I believe that technology and good operations and community management leads to token value.  So if you ask me to only choose one?  Then I will say technology

Q13. I was reading their roadmap and the only detail that in Q4 is that they will publish the MOBOX game on board, but will that really be the only new game they will launch in the remainder of the year?

Three new games this year, with the first one coming out in a month or so.

More importantly we are onboarding other game developers, so we will always have a constant flow of new games where MOMO NFTs can be used, and where users and continue to have fun

Q14. Staking is one of best way to hold users. Are your project support staking? Kindly explain more to us.

Yup because we have optimised yield farming, so all you got to do is stake in any of our pools.

Q15. Can you tell me what are the biggest achievements of the project over the past year and now? What are the main thoughts you want to convey through AMA today?

Very Good question.

So in less than a week this is what we have achieved

TVL: $200,000,000

NFTs minted : 40,000

NFT trades : $10,000,000

Q16. Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about project current partners, plans for partnerships and what everybody stands to gain from these partnerships?

I can tell you that if you are already part of the MOBOX community, we will updating everyone about partnerships very very soon : )