The MBOX token is the native utility token that can be farmed through staking of MOMO NFTs and earned through MOBOX platform games. It is also used for processing transactions through the platform. Staking for platform bonuses, incentives players and is also used for governance votes to determine how resources are allocated.
The MBOX token is the native utility token that is used for processing transactions through the NFT gaming platform. Staking for platform bonuses, incentives players and is also used for governance votes to determine how resources are allocated.
The MBOX token is a BEP20 token that will be distributed over 5 years with a maximum supply of 1,000,000,000 although this number will be reduced due to the daily automated buyback and burns. This ensures that the MBOX token is deflationary.
The MOBOX platform uses sophisticated smart contracts that use a portion of the platform fees to perform a buyback and burn of MBOX tokens automatically every time the MBOX price falls below the 72 hour average. Currently the Buyback pool for these MBOX buybacks sits at over $3.5 Million.
All MBOX tokens that are consumed in all the games are also burned.
The MOBOX team believes the essence of blockchain is about transparency and fairness. Hence the MBOX token had no pre-mine, no seed round, and no offering round. The MBOX token was a FAIR LAUNCH!
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