$0.636496

24H %

-6.04%

24H Low

$0.63

24H High

$0.68
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About MOBOX

Category


MOBOX Value Proposition


Mobox (MBOX) is the native utility token of the MOBOX Protocol, a yield farming project for gaming NFTs based on the Binance Smart Chain. The token forms the bedrock of the “MOMOverse,” a metaverse that comprises games such as ChainZ Arena, MOl and Defense, Block Brawler and Token Master.

MBOX Price

MOBOX launched in April 2021 with a total supply of 1 billion tokens. The token’s price fell from $4 at launch to a low of 48 cents in June 2021, before rising to $9 by September 2021 and hitting an all-time high of $15.68 in December 2021.

The token is issued on the Binance Smart Chain as a “BEP-20” token. At launch, 51% of the tokens were reserved for the public. Another 21% went to contributors, 8% went to strategic partners, and 20% went to the project’s team.

The total supply of MBOX is supposed to be introduced into the community by April 2026, which is five years after the token was released. In its first year, 400 million MBOX tokens entered public circulation. The rate at which new tokens are introduced decreases over the five years; for instance, in MBOX’s second year, 225 million tokens will enter public circulation. MOBOX buys back 80% of all profits from the platform each week and burns them. The profits come from a 4% market fee, a 4% performance fee and a 0.5% withdrawal fee, paid in tokens.

How does MOBOX work?

MOBOX revolves around play-to-earn, a way of financializing video games by rewarding players with cryptocurrencies. MOBOX introduces decentralized finance (DeFi) mechanics to the mix, such as yield farming – the practice of harvesting staked governance tokens – and NFTs (non-fungible tokens). The MBOX token is a governance token and in-game currency that’s also used to incentivize new users and keep existing ones playing through staking.

Each game in the MOMOverse is free to play, and the developers hope that games become a “saving’s account where the more you save the more resources you earn and the more heroes you can summon.” Put another way, MOBOX introduces the same DeFi mechanics that were popularized in the summer of 2020 into video games.

The games form the MOMOverse, which is MOBOX’s metaverse. Players must choose a MOprofession, honing their craft before plying their wares on the MOmarket. Then they might take a stroll about the MOland, hang around in the MOsocial network of social games or admire NFTs in the MOseum.

Eventually, MOBOX will go from the Binance Smart Chain to the MOBOX Chain, a proprietary blockchain with no gas fees.

Key events and management

MOBOX issued MOMO NFTs with Team Alliance, an e-sports team. MOBOX claims to have a staff of 30 with several years of experience in building DeFi projects. The team is anonymous. BSC News cites one of its co-founders as “Soon”.

Development on the MOBOX code began in March 2021, and the code was audited by Certik in May 2021. The audit rated MOBOX with a high security score of 93/100. The audit noted several issues with the code; many have been resolved, but several have not, including one critical issue in the codebase – a compile error, the result of a misplaced “}".

By way of comparison, Aave, one of the most resilient DeFi protocols, received a score of 95. That said, scores are not endorsements of the viability of its product, just affirmations that the code is not faulty. Terra, which collapsed in May 2022, received a score of 85.


MOBOX Market Cap

$240.88M

MOBOX 24H Volume

$16.75M


MOBOX Price

24H Open
$0.677211
24H Change
$-0.040870
52 Week Low
$0.471621
52 Week High
$12.74
All Time High
$15.44
Returns (YTD)
-88.57%

MOBOX Market Stats

Total Supply
378.45M
Max Supply
1.00B
24H Value Transacted
N/A
30D Volatility
0.764200
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About MOBOX

Category


MOBOX Value Proposition


Mobox (MBOX) is the native utility token of the MOBOX Protocol, a yield farming project for gaming NFTs based on the Binance Smart Chain. The token forms the bedrock of the “MOMOverse,” a metaverse that comprises games such as ChainZ Arena, MOl and Defense, Block Brawler and Token Master.

MBOX Price

MOBOX launched in April 2021 with a total supply of 1 billion tokens. The token’s price fell from $4 at launch to a low of 48 cents in June 2021, before rising to $9 by September 2021 and hitting an all-time high of $15.68 in December 2021.

The token is issued on the Binance Smart Chain as a “BEP-20” token. At launch, 51% of the tokens were reserved for the public. Another 21% went to contributors, 8% went to strategic partners, and 20% went to the project’s team.

The total supply of MBOX is supposed to be introduced into the community by April 2026, which is five years after the token was released. In its first year, 400 million MBOX tokens entered public circulation. The rate at which new tokens are introduced decreases over the five years; for instance, in MBOX’s second year, 225 million tokens will enter public circulation. MOBOX buys back 80% of all profits from the platform each week and burns them. The profits come from a 4% market fee, a 4% performance fee and a 0.5% withdrawal fee, paid in tokens.

How does MOBOX work?

MOBOX revolves around play-to-earn, a way of financializing video games by rewarding players with cryptocurrencies. MOBOX introduces decentralized finance (DeFi) mechanics to the mix, such as yield farming – the practice of harvesting staked governance tokens – and NFTs (non-fungible tokens). The MBOX token is a governance token and in-game currency that’s also used to incentivize new users and keep existing ones playing through staking.

Each game in the MOMOverse is free to play, and the developers hope that games become a “saving’s account where the more you save the more resources you earn and the more heroes you can summon.” Put another way, MOBOX introduces the same DeFi mechanics that were popularized in the summer of 2020 into video games.

The games form the MOMOverse, which is MOBOX’s metaverse. Players must choose a MOprofession, honing their craft before plying their wares on the MOmarket. Then they might take a stroll about the MOland, hang around in the MOsocial network of social games or admire NFTs in the MOseum.

Eventually, MOBOX will go from the Binance Smart Chain to the MOBOX Chain, a proprietary blockchain with no gas fees.

Key events and management

MOBOX issued MOMO NFTs with Team Alliance, an e-sports team. MOBOX claims to have a staff of 30 with several years of experience in building DeFi projects. The team is anonymous. BSC News cites one of its co-founders as “Soon”.

Development on the MOBOX code began in March 2021, and the code was audited by Certik in May 2021. The audit rated MOBOX with a high security score of 93/100. The audit noted several issues with the code; many have been resolved, but several have not, including one critical issue in the codebase – a compile error, the result of a misplaced “}".

By way of comparison, Aave, one of the most resilient DeFi protocols, received a score of 95. That said, scores are not endorsements of the viability of its product, just affirmations that the code is not faulty. Terra, which collapsed in May 2022, received a score of 85.


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Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.