Sirwin
Sirwin

E&S: MBOX, Free To Play, Play To Earn


Hello everyone Publish0x community! Welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.

In this article we talk about more features of Mobox!

In the last E&S article I introduced you Mobox (MBOX) and I said that is a decentralized blockchain-based gaming platform (Play2Earn) that operates on the Binance Smart Chain (BSC). Mobox offers several types of games, along with NFTs (Non Fungible Token) and DeFi.

How does it work?

The MOBOX infrastructure combines some of the yield farming elements that are popular with decentralized finance, play 2 earn and Non Fungible Tokens. It is designed to delight and empower users with unique experiences. MOBOX does this by providing a gaming platform where users can play games for free and earn some rewards. In addition, the platform compensates users for their time and effort. MOBOX has native NTFS, called MOMO, which you can get through Mystery Boxes. The platform allows you to trade these MOMOs, stake them to farm MBOX tokens or use them as collateral. The so-called MOMO-Token-Master also allows you as a user to rob other people (friends and foes) for their gold coins. You can do this by fighting them. Once you beat them in this game, their coins will automatically go to you. Participate in leaderboards to earn more MBOX tokens without spending any money. MOMO Farmer allows payers to hand over farms and earn more tokens.

MBOX Token

This is the native token that powers the MOBOX gaming platform. It has no seed round (private investment) and no offer round. The token also has no pre-mine. Instead, they are distributed based on user activity on its numerous features and solutions. The token had a fair launch; it’s a BEP20 token with a total supply of 1billion to be distributed throughout 5 years.

Mbox

MBOX token is minted on the Binance Smart Chain with 20% and 8%, going to project team and strategic partnerships, respectively. In addition, 21% goes to marketing and community supporters, while users mine 51% of MBOX tokens. They mine it via GameFi mechanics in all the games released on the system. The token distribution for the first year is 40%, 22.5% for the second year, and 17.5% for the third year. However, the fourth year will be 12.5%, while the remaining 7.5% will be for the fifth and final years. The team will burn all unmined tokens in the first year. The MBOX token serves several purposes in the system like.

Mbox

Governance

MBOX Token hodlers have the right to submit and vote on proposals. Hodlers will be able to manage the success of the platform such as games to develop and integrate, unique functions, events, development and more.

Staking MBOX

Game theory motivates token hodlers to react in honest ways to achieve optimal payoff. Ensuring that good actors are rewarded. By staking MBOX tokens, this establishes a mechanism to ensure users, developers, artists, and platform act as an entity for success.

Next Sunday I’ll introduce to you a new cryptocurrency.

Have you already played to Mobox? Let me know in a comment.

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MikeZillo
MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here https://www.youtube.com/channel/UCvyXx6I1C__zmLAYUXNZwQQ? Telegram: @mikezillo


Easy&Short. Cryptocurrencies made accessible
Easy&Short. Cryptocurrencies made accessible

In this section, we are going to create two article per each cryptocurrency/token. The first one will be technical, with a simplification of the Whitepaper and the second one will be about particulars of the coin. For example staking yields, particular functions and so on! I am sure you will like this very much!

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