$ 0.1410 USD
$ 0.1410 USD
$ 53.96 million USD
$ 53.96m USD
$ 9.701 million USD
$ 9.701m USD
$ 61.585 million USD
$ 61.585m USD
392.983 million MBOX
Issue Time
2021-04-09
Platform pertained to
--
Current price
$0.1410USD
Market Cap
$53.96mUSD
Volume of Transaction
24h
$9.701mUSD
Circulating supply
392.983mMBOX
Volume of Transaction
7d
$61.585mUSD
Change
24h
0.00%
Number of Markets
182
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
+10.37%
1Y
-40.28%
All
-91.17%
Aspect | Information |
---|---|
Short Name | MBOX |
Full Name | Mobox Token |
Founded Year | 2021 |
Main Founders | Anonymous |
Supported Exchanges | Binance, KuCoin, Gate.io, and OKEx, and etc. |
Storage Wallet | MetaMask, Trust Wallet, and etc. |
MOBOX is a blockchain gaming platform that was founded in early 2021 by several anonymous developers. Its native token, MBOX, launched in March 2021 through an initial DEX offering (IDO) on PancakeSwap. MBOX is used to reward players and facilitate transactions within MOBOX games. The main functions of MBOX include governance voting, staking, payments, and rewards.
Major exchanges listing MBOX include Binance, KuCoin, Gate.io, and OKEx. MBOX can be stored in any Ethereum-compatible wallet that supports ERC-20 tokens, such as MetaMask, Trust Wallet, or hardware wallets like Ledger and Trezor. It's built on the Binance Smart Chain, so users need BEP-20 compatible wallets.
Pros | Cons |
---|---|
Unique NFT POS blockchain network | Anonymous team |
Truly decentralized ecosystem | Reliance on game popularity |
Rewards for user engagement and contributions | Complexity of the GameFi model |
No pre-mine, seed round, or offering round | Requires active user participation for rewards |
Comprehensive ecosystem (Wallet, GameFi, NFT, etc.) | Potential volatility due to buyback and burn system |
By diving into a comprehensive analysis of its strengths and weaknesses, It will equip you with the knowledge needed to make informed decisions in this dynamic digital realm.
Pros:
Unique NFT POS blockchain network: MOBOX operates on a distinctive NFT Proof-of-Stake blockchain where in-game assets govern and control the network, ensuring near-instant transactions.
Truly decentralized ecosystem: MOBOX has developed tools and smart contracts that foster a genuinely decentralized environment, rewarding users for their active participation.
Rewards for user engagement and contributions: Whether it's yield farming, creating NFTs, or game development, the MOBOX ecosystem rewards all contributors.
No pre-mine, seed round, or offering round: MOBOX emphasizes transparency and fairness, having launched without any pre-mine, seed round, or offering round.
Comprehensive ecosystem: MOBOX offers a holistic platform with features like Wallet, GameFi, NFT Ecosystem, and more, catering to a wide range of user needs.
Cons:
Anonymous team: The project operates with an anonymous team, which might raise trust issues for some potential investors or users.
Reliance on game popularity: The success of the token is tied to the popularity and adoption of the games within the MOBOX ecosystem.
Complexity of the GameFi model: The combination of DeFi and gaming (GameFi) can be complex and might be challenging for some users to grasp fully.
Requires active user participation for rewards: To maximize rewards, users need to be actively engaged and contribute to the platform.
Potential volatility due to buyback and burn system: The buyback and burn mechanism can introduce price volatility, as it's dependent on the average MBOX price over a set period.
MBOX, short for Mobox Token, introduces itself as a part of the expanding decentralized finance (DeFi) ecosystem, leveraging the power of blockchain technology to create unique digital assets. What distinguishes MBOX from many other cryptocurrencies is its connection to the gaming world. Specifically, it's a utility token within the MOBOX platform, where it's used to reward players in Play-to-Earn games, among other uses.
While many cryptocurrencies simply serve as a means of exchange or store of value, MBOX takes a step further by integrating itself into a digital platform and gaming ecosystem. This creates a more tangible use-case scenario for the token and adds another dimension to its potential value.
Furthermore, MBOX operates on the Binance Smart Chain (BSC), where it benefits from the high performance and low transaction costs that the BSC provides. However, it's important to note that being on the BSC also makes MBOX subject to the same potential risks and vulnerabilities that other BSC-based tokens may face.
The workings of MBOX primarily revolve around its integration within the MOBOX platform, specifically in the Play-to-Earn gaming model. The principle behind MBOX is that it serves as a utility token, facilitating various transactions within this digital landscape.
As players engage in games on the MOBOX platform, they have the potential to earn MBOX tokens. The tokens can then be used as in-game currency to buy, sell, or trade assets within the platform, augmenting the gaming experience and enabling a digital economy based on the token.
Hosting on the Binance Smart Chain bolsters the operational effectiveness of MBOX. As an Eco-Friendly and highly efficient blockchain, BSC allows MBOX to handle a larger number of transactions at lower processing fees, making it more efficient for the users to transact with the token.
There are several exchanges where MBOX can be bought, each offering various currency pairs and token pairs.
1. Binance: One of the most prominent cryptocurrency exchanges globally, Binance supports MBOX with pairs like MBOX/USDT, MBOX/BUSD, and MBOX/BNB.
2. PancakeSwap: Being an automated market maker (AMM) on the Binance Smart Chain, PancakeSwap supports BSC-based tokens like MBOX. Here, MBOX can be paired with assets like BNB, BUSD, and others.
3. Gate.io: This exchange also supports MBOX, with available pairings such as MBOX/USDT.
4. BKEX: This is another platform where users can purchase MBOX, featuring MBOX/USDT as one of the trading pairs.
5. BitMart: BitMart lists MBOX and provides users with trading pairs, including MBOX/USDT.
6. CoinDCX: A user-friendly cryptocurrency exchange that supports MBOX/USDT pairing.
7. KuCoin: On KuCoin, users can trade the MBOX/USDT pairing.
8. Hotbit: Hotbit is another exchange where MBOX can be traded, and it offers the MBOX/USDT pairing.
9. WazirX: On WazirX, MBOX can be traded for USDT.
10. Crypto.com: This platform also lists MBOX, offering trading pairs like MBOX/USDT.
When it comes to storing MBOX tokens, there are a variety of options. As the token operates on the Binance Smart Chain (BSC), the obvious choices would be wallets compatible with BSC. Here are some types you can choose from:
1. Web Wallets: Web wallets can be easily accessed via internet browsers. Examples include Binance Chain Wallet and MetaMask (with custom setup to connect to Binance Smart Chain). Please remember to keep your private keys and seed phrases in a secure and offline place when using web wallets.
2. Mobile Wallets: These are wallets on your mobile device. Some popular options include Trust Wallet and Math Wallet, both of which support BSC-based tokens like MBOX.
3. Software Wallets: Software wallets are applications downloaded and installed on a computer. Wallets like Exodus or Atomic Wallet might be suitable options that support MBOX tokens.
4. Hardware Wallets: For high levels of security, hardware wallets can be an optimal choice. Renowned hardware wallets like Ledger or Trezor, when used alongside compatible interfaces like MetaMask, can store BSC-based tokens.
5. Exchange Wallets: Some choose to keep their tokens on cryptocurrency exchange wallets. If you choose this option, using an exchange that supports MBOX, such as Binance or KuCoin, would be necessary. But remember, while convenient for trading, exchange wallets might not be the most secure option for long-term storage due to potential hacks.
Before choosing a wallet, make sure to do your own research and understand the potential risks and security measures needed. The wallet must be secure, user-friendly, and, most importantly, provide full control over your private keys.
MBOX tokens may be suitable for different types of individuals, each with varying financial goals and risk tolerance levels. Given the nature of the token and the platform it operates on, it may be particularly interesting to those involved in the gaming sector or DeFi enthusiasts who are open to exploring new projects in this area.
1. Gamers: Given that MBOX tokens are primarily used within the MOBOX platform, gamers who participate in the ecosystem may find it beneficial to own MBOX tokens. Token ownership could enhance their gaming experience and allow them to participate in the platform's built-in Play-to-Earn model.
2. Cryptocurrency Investors: The digital asset market is volatile and high-risk, making it potentially attractive to individuals who are willing to take on higher risk in exchange for potential high returns. MBOX could therefore be interesting for cryptocurrency investors looking to diversify their portfolio with new tokens.
3. Technology Enthusiasts: People who have a strong interest in emergent technologies, like blockchain and DeFi, might find MBOX appealing due to its application within a gaming platform context.
In summary, MOBOX is a unique blockchain project focused on gamifying DeFi and bringing crypto to mainstream game users. Since its launch in early 2021, the platform has seen impressive growth, attracting major exchange listings and establishing partnerships with globally recognized IP brands.
The MBOX token serves multiple utilities like governance, staking rewards, in-game purchases, and more. With its innovative model and increasing adoption, MOBOX has solidified itself as a rising star in both the GameFi and NFT spheres.
While challenges remain around regulatory uncertainty and competition, the anonymous founding team continues to deliver on milestones. Overall, MOBOX shows promising potential to achieve its vision of mass cryptocurrency adoption through fun, interactive gameplay.
Q: What is the purpose of the “1-Minute Understanding” in each section?
A: It assists in clarifying obscure and difficult concepts, using opinions from community players.
Q: How does MOBOX emphasize the “Play 2 Earn” concept?
A: MOBOX integrates gaming with earning opportunities, allowing players to benefit from their participation.
Q: What is the role of the “MOMO Farmer” on the MOBOX platform?
A: The MOMO Farmer is a feature related to the MOBOX platform, though the exact functionality is not detailed in the provided content.
Q: How does the “Mining Camp” differ from “Yield Farming” on MOBOX?
A: The Mining Camp is related to NFT Mining, while Yield Farming is a separate feature on the MOBOX platform.
Q: What is the significance of the “Mystery BOX” on MOBOX?
A: The Mystery BOX is a feature on the MOBOX platform, but its specific function is not elaborated in the given content.
Q: How does MOBOX incorporate the “veMBOX” feature?
A: veMBOX is a feature related to the MOBOX platform, though its exact role and functionality are not detailed in the provided content.
Q: What is the “MEC System” on MOBOX?
A: The MEC System is a detailed feature on the MOBOX platform, but its specific purpose and function are not described in the given content.
Q: How does MOBOX value community contributions?
A: MOBOX believes that the value of each blockchain project is driven by the community, and members should be rewarded based on their contributions.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
20 ratings