What Is MOBOX (MBOX)?
Tech Deep Dives

What Is MOBOX (MBOX)?

By Andrey Sergeenkov
1mo ago
5m

MOBOX is a NFT gaming ecosystem built on Binance Smart Chain. It combines yield farming in DeFi with gaming NFTs, creating a free-to-play, play-to-earn gaming model.

What Is MOBOX (MBOX)?

Table of Contents

The cryptocurrency and blockchain industry continues to usher in new use cases. Combining the best of gaming with yield farming and non-fungible tokens (NFTs) creates an intriguing mix of traits and potential benefits. Successful blockchain games have made the play-to-earn model very appealing, and MOBOX will throw its hat into the ring. 

What Is MOBOX (MBOX)?

At its core, MOBOX aims to connect each metaverse through NFTS, ushering in the era of NFT interoperability across blockchain games and platforms. Moreover, MOBOX wants to improve the utility of NFTs belonging to blockchain game titles and introduce additional utility through various efforts. 
The MOBOX ecosystem is designed to promote the potential of play-to-earn without sacrificing the free-to-play concept. Everyone can participate in the various games provided by the platform, ranging from NFT farming to yield farming and blockchain gaming. Furthermore, users can stake in liquidity pools or use MOMO NFTs to earn staking rewards paid in the native MBOX currency. Staking the MBOX tokens can reward unique MOMMO NFT Mystery Boxes, creating an extra incentive for users to hold on to the native currency and put it to work. 

Three main components make up the MOBOX platform:

  • The NFT marketplace: fully decentralized marketplace solution to trade, rent and lend MOMO NFTs with and to other ecosystem participants
  • NFT creator: A convenient set of tools for users looking to create MOMO NFTs using the ERC721 standard 
  • Game creator: A collection of APIs to launch and publish games on the MBOX platform. Moreover, developers can incorporate MBOX tokens and MOMO NFTs into their game with ease.

There was no pre-sale, no private investment, and no pre-mine involved in the MOBOX launch. Instead, platform tokens are distributed based on user activity across the ecosystem's numerous features and solutions.

How Does MOBOX Work?

The community-driven platform wants to empower users for engagement and experiences. Its infrastructure borrows elements from play-to-earn gaming, decentralized finance's yield farming, and the popularity of non-fungible tokens. It provides access to all of these concepts through an ecosystem built to let users play for free and earn rewards for being as active as possible. 

The native NFTs on MOBOX are dubbed MOMOs and can be acquired through mystery boxes. Users who receive these NFTs can trade them, stake the NFTs to farm MBOX tokens, or use them as collateral for other uses throughout the ecosystem's games.

One of the core games, dubbed MOMO Token Master, lets players rob their friends and foes of gold coins by battling one another. By ranking on the leaderboard, users can earn more MBOX tokens without spending any money. MOMO Farmer lets players yield farm and earn tokens, whereas Trade Action is more educational and competitive, featuring a weekly risk-free trading competition.

The native MBOX token is also usable through Binance’s Launchpad. Users can farm MBOX for 30 days and earn an APY of over 100%.

What Makes MOBOX Unique?

The combination of DeFi, blockchain gaming and NFTs presents unique opportunities for novice and advanced cryptocurrency enthusiasts. It is relatively straightforward to earn MBOX tokens through various games. Moreover, it is intriguing to see a free-to-play model combined with play to earn. The latter concept is successful across various games but often requires an upfront investment. MOBOX takes a different approach, creating an approachable ecosystem.

Moreover, the ecosystem includes tools for game and NFT creation, inviting developers to create and explore different possibilities. Launching and publishing games on this platform can be a viable way for aspiring game developers to get their name out in the open.

The CoinMarketCap Robot NFT and Earn Campaign

As CoinMarketCap is one of the strategic partners of MOBOX, the team decided to create a CoinMarketcap Robot. It is one of the five Legendary CoinMarketCap NFTs on the MOBOX platform. One of them sold on the MBOX marketplace for $60,000, paid in BUSD. Moreover, the CoinmarketCap Learn and Earn user won the NFT as a prize, as two Legendary NFTs were given away as rewards. Winning a very rare NFT and selling it for $60,000 is a rare occurrence. The CoinMarketCap Robot Legendary NFTs are artworks but also have utility in the Token Master game. 
To further strengthen the partnership between MOBOX and CoinMarketCap, there was an Earn campaign on our website. Although the campaign has concluded, it includes five lessons to learn more about MOBOX and its ecosystem. Two of the participants were lucky enough to win the Legendary Robot NFT, whereas everyone earned a few MBOX tokens for going through these short lessons.

MOBOX YouTube Music Video

The spread the word about MOBOX, Youtuber "Crypto with ImRedryan" created a dedicated music video for Mobox City and the NFT Yield Farmer aspect. It is an interesting way of raising awareness for the project. Gaining support from influencers is often crucial in this industry, and the clip shows off certain aspects of MOBOX's ecosystem. It also touches upon the inner workings of NFTs a bit, as many people still struggle with the concept of owning images on a blockchain.

MOBOX Roadmap

The MOBOX team still has a lot of work ahead. Community members have many things to look forward to, ranging from cross-chain NFT support to introducing new games and creating legendary NFTs for esports players. The team will also revamp cross-chain yield farming in early 2022. Token holders will be able to vote on NFTs and games to be released in the future. Additionally, the introduction of an achievement system is designed to improve engagement and retention.

What Are People Saying About This Project?

On Reddit, there is a growing MOBOX community that seems to engage with one another actively. Moreover, there are regular community update posts to keep everyone informed about progress, news, changes and so forth. So far, there are no negative comments to speak of, although there is some feedback regarding potential improvements for the Token Master game. Collecting community feedback can lead to new insights and help create a more robust offering, benefitting the MOBOX ecosystem as a whole.

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