A look into the metaverse of GameFi rookie MOBOX

2 years ago

MOBOX had the 2nd highest magnitude of incoming funds retired of each BSC GameFi projects past month.

With the dozens of gamified DeFi projects and earn-to-play games that launched past year, it’s hard to abstracted 1 fantasy-themed NFT marketplace from another, a metaverse innovator from a flash crippled with its ain tokens.

While MOBOX is akin to galore different caller GameFi and metaverse offerings, it has immoderate unsocial qualities that investors and players should watch, particularly its integration with BSC.

And it’s precocious been getting noticed.

According to Footprint Analytics, MOBOX had the highest incoming magnitude of funds retired of each BSC games from Dec. 11 to Jan. 11.

A operation of play-to-earn gaming and concern platform, MOBOX presently has a fistful of fantasy-themed mini-games users tin play, an NFT marketplace, and gamified DeFi features.

Players tin gain gross successful 4 ways:

MBOX/BNB Liquidity Mining – For the involvement of MOBOX’s semipermanent development, MOBOX suspended each different pools but MBOX/BNB aft August. Users tin rapidly person tokens and supply liquidity done the “Farmer” feature. The existent APY is astir 120%, of which 115% is gained by mining MBOX.

NFT Mining – NFTs connected MOBOX, called MOMOs, are staked automatically aft being obtained by the user. In the “Mining Camp” you tin spot the full hash powerfulness and the user’s hash power, and the user’s income depends connected the user’s weighted mean of the wide hash power.

BOX oregon NFT Trading – There are 3 enigma boxes connected MOBOX: BOX (for MOMO), Chests (one container per KEY), and MEC BOX (for crystals that summation the MOMO’s hash power). The raffle portion terms of BOX is one-fifth of the mean terms of the marketplace past week, and users tin gain a nett by selling it aft the raffle. Users tin besides nett by trading NFTs for the quality successful price.

Games – In the 3 games presently offered by MOBOX, users tin gain income by buying and selling equipment, getting rewards, and renting their MOMOs.

What are MOMOs?

MOBOX’s MOMOs are cubic figures that assistance users excavation connected the platform. Hash powerfulness determines however accelerated MOMOs excavation and tin beryllium accrued by:

Acquiring uncommon MOMOs that tin beryllium “enhanced”

Upgrading MOMOs utilizing crystals (MEC)
Grouping MOMOs successful groups of common, uncommon, unsocial and uncommon to get bonus hash power

Players tin besides gain further gross by renting retired their MOMOs

The 3 MOBOX Games

There are presently 3 games connected MOBOX.

Token Master

Token Master includes 3 mini-games: MOMOpoly, Plunder, and MOBOXer. Players conflict for MBOX and MEC successful games wherever they conflict for the ranking successful the leaderboard.

Block Brawler

Block Brawler is an RPG crippled wherever users tin take 1 of 6 professions and enactment successful PVP oregon PVE games done antithetic accomplishment strategies. MBOX and MEC are besides awarded to the apical of the leaderboard, and MBOX is required to acquisition resources and equipment.

ChainZ Arena

Positioned arsenic the archetypal ever cross-blockchain and cross-platform game, ChainZ Arena opened successful December arsenic an Idle RPG crippled that allows users to play against each different utilizing cards.

MOBOX Economics

MBOX

MBOX is the archetypal level token for MOBOX and the developer squad says it volition not beryllium pre-mined oregon distributed to investors successful immoderate mode during the effect circular oregon its launch.

According to Footprint Analytics MBOX’s terms is $3, rising to an humanities precocious of $13 connected Nov. 30. This is chiefly caused by the game’s concern with Binance, which allows users to entree level functions via the Binance app, As good arsenic the motorboat of a $1 cardinal unsighted container airdrop, which gives participating users a accidental to get MOMO.

MOBOX rapidly gained popularity with this airdrop, but the overflow of users caused the Binance app to beryllium incapable to usage the MOBOX interface decently respective times. MOBOX truthful temporarily halted activities, and the token terms fell.

veMBOX

veMBOX is simply a governance token of the platform, which is obtained by staking MBOX, akin to Curve‘s veCRV mechanism, the longer the staking clip the much veMBOX users get.

Staking MBOX besides boosts the gross of liquidity mining, and having veMBOX is besides a request to enactment successful BOX ace raffle.

KEY

KEY is the reward for liquidity mining astatine Farmer. But successful August, MOBOX adjusted the economical exemplary of the level and changed the income obtained from staked assets from KEY to MBOX. The level tin inactive usage KEYs to unfastened Chests to get NFTs, and the terms of KEY has skyrocketed since August and remains astatine $175.

Buyback and Burn

MOBOX uses 80% of its profits to automatically buyback and pain MBOX. When the terms of MBOX is little than the mean terms for the past 72 hours, the declaration volition automatically trigger a swap of MBOX and pain it. MOBOX wants to usage this mechanics to stabilize the terms of MBOX, but the slippery diminution successful the token terms successful November shows that this mechanics has not played a large role.

Summary

In July, Binance Smart Chain awarded MOBOX 1 of the champion projects successful its 2nd Most Valuable Builder programs, and the task soon received a strategical concern from Binance Labs.

It present plans to integrate with the Binance ecosystem, including the Binance Mini Program, Binance Pay and Binance NFT Marketplace. MOMOverse volition beryllium the archetypal cross-platform metaverse to beryllium afloat integrated with Binance successful this way.

Although the founders of MOBOX person a much ambitious vision, the 3 games that person been launched truthful acold amusement that the playability is overmuch the aforesaid arsenic different GameFi projects.

Jan. 2022, [email protected]
Data Source: Footprint Analytics GameFi Dashboard

What is Footprint Analytics?

Footprint Analytics is an all-in-one investigation level to visualize blockchain information and observe insights. It cleans and integrates on-chain information truthful users of immoderate acquisition level tin rapidly commencement researching tokens, projects and protocols. With implicit a 1000 dashboard templates positive a drag-and-drop interface, anyone tin physique their ain customized charts successful minutes. Uncover blockchain information and put smarter with Footprint.