Mobox is a decentralized blockchain-based play-to-earn (P2E) gaming platform that operates on Binance Smart Chain (BSC). The Mobox crypto gaming platform features three different gaming types, along with non-fungible tokens (NFTs) and decentralized finance (DeFi) features. The native MOBOX token is essential for buying, selling, and trading the “MOMO” Mobox NFT range and participating in MOMO mining. Also, the MOBOX token unlocks bonus features and enables players to purchase high-level equipment and in-game assets.

The Mobox platform is home to a growing ecosystem of crypto games. The first of these games are Block Brawler, Token Master, and Trade Action. Each game uses the Mobox NFT range and the MBOX utility token. However, each game offers different gaming modes and mechanics. Accordingly, the Mobox crypto gaming ecosystem caters to a broad range of gamers. Moreover, Mobox caters to both crypto enthusiasts and traditional gaming fans.

In this article, we’re going to dive deep into the Mobox crypto gaming ecosystem. We’re going to explore the various games the platform has to offer. Plus, we’ll discuss the functions of the native MBOX token. Furthermore, we’ll discuss yield farming, MOMO mining, and the different ways players can excel by holding a Mobox NFT. Also, we’ll look at the gamified rewards system and how players can earn a passive income by interacting with the platform and competing in battles and tournaments.

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What is Mobox?

Mobox is a play-to-earn (P2E) blockchain gaming platform that combines elements of decentralized finance (DeFi) and game theoretic mechanics to create a unique, free-to-play, community-driven “GameFi” platform. Also, Mobox is governed by a decentralized autonomous organization (DAO) whereby holders of the native MBOX token and the veMBOX token can vote on proposals to make changes to the parameters of the platform.

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Furthermore, Mobox is creating a gaming metaverse with a rich economy that enables gamers to earn a passive income by completing tasks and quests throughout the game. Also, users can participate in liquidity mining using MBOX-BNB LP tokens and stake non-fungible tokens (NFTs) to earn a variety of rewards. Plus, by collecting rare NFTs, users can increase their earning potential. 

Additionally, players have a “hash power” score that determines the speed by which they can accumulate rewards. By holding specific groups of MOMO NFTs with particular attributes, players can increase their hash power to optimize their earnings. Also, higher hash rates unlock higher-level battles, equipment, and games.

Moreover, the Mobox crypto gaming ecosystem is a decentralized play-to-earn platform that rewards players for their participation and skill. With yield farming, NFT creation, several revenue streams, and gaming options, Mobox is one of the top-performing crypto gaming projects in the Binance Smart Chain (BSC) ecosystem

The MBOX Token

The MBOX token is the native utility token of the Mobox ecosystem. Accordingly, the MBOX token is an essential part of the gamified rewards mechanisms and serves as an economic incentive throughout the platform. Also, the MBOX token is used in protocol governance. As such, holders who stake the MBOX token can submit and vote on proposals to decide which new games should be integrated and how the ecosystem should develop. Additionally, players who stake the MBOX token receive the veMBOX token for use in governance and as a ticket for MOMO farmer events.

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Furthermore, the Mobox NFT game features an “auto buyback and burn” mechanism to limit the supply of the MBOX token. This mechanism uses a series of smart contracts to check the average price of the MBOX token over 72 hours. Also, the mechanism holds a reserve pool of Binance Coin (BNB), which is used to swap for MBOX tokens if the price falls below the 72-hour average.

By holding the MBOX token, users can purchase in-game items, additional battle time, faster asset upgrades, and participate in raffles for in-game prizes. This allows users to advance in games quicker by accessing higher quality items and resources. Moreover, the MBOX token uses the Binance Smart Chain BEP-20 token standard. At the time of writing, the MBOX token is trading at around $5.95, with a market cap of $540 million, according to CoinGecko.

Yield Farming

Mobox uses a series of smart contracts known as “Crates” for automatically generating the best yield from various decentralized finance (DeFi) protocols throughout the Binance Smart Chain (BSC) ecosystem. To begin, Mobox will support four single-token strategies and eight liquidity provider (LP) token strategies. Users can provide liquidity to the protocol in the form of PancakeSwap MBOX-BNB LP tokens. In return, users receive daily compounding MBOX token rewards.

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MOMO NFT Marketplace

The Mobox NFT Marketplace is a decentralized exchange (DEX) for buying and selling MOMO non-fungible tokens (NFTs). The decentralized marketplace boasts micro fees and a seamless user interface (UI). Also, there is no need to unstake MOMO NFTs to trade them.

When a player lists their MOMO NFT in the marketplace, the hash rate of that MOMO is deducted from the overall hash rate of that player. However, when a player buys a MOMO NFT from the marketplace, their overall hash rate increases. Furthermore, the Bundle System provides players with the option of selling multiple MOMO NFTs at once, saving players gas fees. Five percent of each fee taken from the sale of NFTs goes to the Mobox Buyback and Burn pool. Players can also rent out their MOMO NFT collection for as little as one dollar per day. 

MOMO Mining

MOMOs are non-fungible tokens (NFTs) that are unique to the Mobox crypto gaming platform. Each MOMO NFT comes with a unique “Token KEY” which enables holders to unlock treasure chests. By opening these boxes, players gain the ability to generate and mint MOMO NFTs on Binance Smart Chain (BSC). 

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Furthermore, players can participate in MOMO mining. MOMO mining is a process whereby players stake their MOMO NFTs to earn daily compounding MBOX token rewards. Also, players can mine KEYS by staking in the “Crates” section of the platform, or players can purchase KEYS in the Mobox market and directly from PancakeSwap. Put simply, one KEY will open one chest, which will open one MOMO NFT.

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Furthermore, MOMO mining occurs automatically when a player obtains a MOMO NFT. Also, players can upgrade their Rare or Epic MOMOs and increase their hash power. When MOMOs are upgraded, the original MOMOs are burned. Accordingly, participating in MOMO mining enables players to advance through the various games in the Mobox crypto ecosystem much faster by giving them higher stats.

Also, the MOMO NFT Mining Camp shows all MOMO NFTs a player owns and their total hash power. Plus, players can claim any mined MBOX tokens from this section. To sell a MOMO NFT, simply navigate to the Market and follow the instructions. It’s also worth bearing in mind that there is a fee for selling MOMOs. However, you can save transaction fees by selling multiple MOMOs together. Moreover, participating in MOMO NFT mining does not affect the use of MOMO NFTs throughout each of the Mobox games.

Block Brawler

Block Brawler is a real-time “casual idle thriller” and role-playing game (RPG). Players can gather talent points, resources, skill gems, and equipment by participating in quests, challenges, and combat. The game offers both player versus player (PvP) and player versus environment (PvE) modes. Plus, players can gain new talents and resources at a rate that corresponds to their hash power.

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Furthermore, players automatically earn gold coins, skill books, and equipment throughout the game. Also, players can stake their MOMO NFTs to earn rewards and resources more efficiently. Additionally, the game enables players to “smelt” equipment sets to increase stats. As such, no collected gear ever goes to waste!

Players can choose between six hero classes. These are Barbarian, Duelist, Monk, Ranger, Assassin, and Mage. Once a player selects their hero class, they can equip six different skills to create custom tactics to suit different playing styles. Moreover, the Block Battlefield game combines various tournament and competition styles to cater to both casual players and die-hard gamers.

Token Master

Token Master is a “casual turn-based idle” game where players steal tokens from friends and enemies alike! The game works in seasons. At the end of each season, the top players can earn MBOX token rewards. Much like in Block Brawler, players require tokens to advance in Token Master, and MOMO NFTs make this easier.

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Furthermore, players can earn more tokens by staking tokens and guessing where the spinning wheel will land. Plus, players can assemble a team of three MOMOs and battle against friends. The winner receives loot in the form of tokens. Plus, players can complete tasks to earn prizes.

Trade Action

Trade Action is a trading simulation game with three modes: SimpleTrade, Bull vs Bear, and LeverageMania. SimpleTrade is a weekly trading simulation game where users compete to rank on the leaderboard according to how much a user makes over seven days. Also, this mode offers a user-friendly gateway into crypto trading for anyone who might be reluctant to give it a go. Moreover, SimpleTrade gives users a taste of the trading action without risking their assets. Accordingly, the game aims to make the crypto trading experience fun while providing a platform to learn and earn at the same time!

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Secondly, LeverageMania is an exciting leverage game where players receive tokens to participate in short bursts of gameplay using up to 1000x leverage. LeverageMania aims to make “a rather boring or non-exciting market environment incredibly captivating” using suspenseful and exhilarating gameplay mechanics. 

The third gameplay mode is Bull vs Bear. Bull vs Bear is a guessing game that offers a fast-paced trading simulation experience where players can earn rapid rewards in a short timeframe by guessing on the price movement of crypto assets. This gameplay mode also uses a points system to distribute rewards to those who accumulate the most points.

Game Creator

While many gaming stores charge developers hefty fees, the MBOX Game Creator provides a fair and straightforward avenue for releasing crypto games. Also, the Game Creator platform offers a range of tools and services for creating games that utilize MOMO NFTs and the MBOX token. Furthermore, these games benefit from community support, low publishing costs, and short payment schedules to give developers the best chance of success.

Exploring Mobox and the MBOX Token Summary 

The Mobox crypto gaming ecosystem is among the top-performing play-to-earn (P2E) crypto gaming platforms on Binance Smart Chain (BSC). Accordingly, the MBOX token has seen upwards price action in recent months following a surge in adoption of the Mobox crypto gaming platform. Plus, with three core game offerings and more in the pipeline, Mobox provides various ways of earning crypto rewards for playing games. 

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The platform makes it easy for players to earn crypto rewards simply by participating in gameplay. Furthermore, the gamified rewards system and economic incentives at the heart of the platform combine elements of decentralized finance (DeFi) with non-fungible tokens (NFTs) to encourage players to hold and stake the native MBOX token to enhance gameplay. 

Additionally, the platform provides cross-chain support for the Ethereum and Polygon networks. Plus, players can rent out their MOMO NFTs or participate in MOMO mining to earn daily compounding MBOX token rewards. Moreover, Mobox NFT holders can progress through the various games while gaining access to advanced features and functionalities.

If you want to learn how to create your own exciting crypto gaming platforms using the latest NFT standards, be sure to check out the Ethereum Game Programming course at Moralis Academy! Also, don’t forget to follow us on Twitter @MoralisAcademy if you haven’t already. We’d love to hear your thoughts about the Mobox crypto gaming platform and the MBOX token!