MOBOX (MBOX) is the native utility token used within the MOBOX platform for various purposes:
In-game currency: MBOX tokens are utilized for in-game purchases, such as acquiring additional characters, accessing lottery wheels, and receiving incentives for in-game activities like rewards for Player-versus-Player (PvP) battles.
Governance: MBOX token holders have the ability to submit and vote on proposals, influencing the platform's development and direction through decentralized governance mechanisms.
Liquidity mining: Users can participate in various liquidity pools on the platform or stake MOMO NFTs to earn staking rewards paid in MBOX tokens.
NFT mystery boxes: By staking MBOX tokens (veMBOX), users have the opportunity to obtain unique MOMO NFT Mystery Boxes, adding an element of randomness and excitement to the platform.
MOBOX platform had a fair launch on April 6, 2021, with a total token supply of 1 billion tokens. The distribution of tokens includes 51% minted by the community, 21% for community contributors, 8% for strategic partners, and 20% reserved for the team. The MBOX token is released over 5 years, with 400 million tokens released in the first year and diminishing in subsequent years. Additionally, 80% of platform fees are used to buyback and burn MBOX tokens through a unique smart contract mechanism.
The founders of MOBOX have been active in the Dapp space since 2018, with extensive experience in coding smart contracts and handling over $4 billion across their Dapps. They have built international communities and their previous Dapp was successfully featured as the first-ever gaming Dapp on Binance Launchpad.
MBOX tokens can be purchased on platforms such as Binance and PancakeSwap, as well as through their integration on the MOBOX website. Users can refer to CoinMarketCap's guide for beginners to learn more about buying cryptocurrencies.
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