On November 9th, MOBOX (MBOX) was officially launched on HotsCoin. MOBOX is a game metaverse that has created a GameFi metaverse named "MOMOverse," combining automated DeFi yield farming with gaming NFTs. Currently, MBOX is available for trading on HotsCoin.
Basic Information about MBOX Token:
- Circulating Supply: 207,046,394 MBOX
- Total Supply: 369,987,868 MBOX
- Circulating Market Cap: $56,777,560.997
- Fully Diluted Market Cap: $274,226,273.15
HotsCoin has observed key events for MOBOX:
- April 7, 2022: MOBOX completed a strategic financing round with an undisclosed amount.
- November 18, 2021: MOBOX completed a strategic financing round with an undisclosed amount.
- What is MOBOX?
MOBOX is a blockchain gaming platform designed to enhance user engagement and entertainment through token rewards. HotsCoin notes that it combines the advantages of DeFi and NFTs, creating a free gaming and play-to-earn ecosystem. MOBOX has built a decentralized toolkit and smart contract ecosystem to ensure that users can genuinely participate and be rewarded for their contributions to the community. Users can earn rewards by providing liquidity, designing and creating unique NFTs, engaging in game development, or simply using the tools provided by the MOBOX platform.
HotsCoin observes that MOBOX has already launched a series of features, including liquidity mining, NFT blind boxes, simulated matches, and the Gold Coin Master. Users can earn MBOX rewards by providing liquidity or by opening NFT blind boxes to acquire MOMO for additional MBOX rewards. HotsCoin also notes that MBOX and MOMO are core elements of the MOBOX platform, with MBOX being the native utility token used for platform governance, staking rewards, and blind box subscriptions. MOMO, on the other hand, is the NFT of the MOBOX platform, and users can earn MBOX rewards by staking MOMO or using them in game battles.
MOBOX also plans to support third-party game developers in releasing games on the platform.
- MBOX Economic Model
HotsCoin observes that MOBOX is a fair launch project with no pre-sales, investors, or pre-mining. All MBOX tokens are distributed based on user platform activities. Currently, MBOX tokens are minted on the Binance Smart Chain (BSC), with 20% allocated to the team, 8% to strategic partners, and 21% for marketing. The remaining 51% of MBOX tokens are mined by users through the GameFi mechanism of all games released on the platform.
HotsCoin also notes that the DAO (Decentralized Autonomous Organization) votes annually to determine how tokens are allocated to various games, strategic partners, and marketing. Any tokens not released into circulation by the end of the year will be permanently burned.
The specific use cases of MBOX tokens, as observed by HotsCoin, include:
- Governance Voting: MBOX token holders can submit and vote on proposals that impact the platform's development and direction. As of now, MOBOX has not yet activated governance features.
- Mining Rewards: Users can stake MBOX to earn additional mining rewards, increasing their yield.
- In-Game Utility: Users can use MBOX in games to enhance combat capabilities, unlock skills, and more.
- Blind Box Subscriptions: Users can use MBOX tokens to subscribe to blind boxes, obtaining higher rarity MOMO.
- NFT Auctions: Users can use MBOX tokens to participate in auctions for limited quantities of legendary MOMO NFTs.
Additionally, HotsCoin notes that MOBOX directs 80% of platform profits and a 5% transaction fee from the NFT market into the MBOX buyback and burn fund to maintain token stability. When the current MBOX price is below the 72-hour average price, the smart contract triggers the purchase of MBOX for automatic burning. Currently, the MBOX buyback pool has $4.43 million, and it has repurchased 6.63 million MBOX tokens.
The maximum token supply of MBOX is 1 billion, with a circulating supply of 48.37 million as of the report's writing. At that time, the price of MBOX was $4.5, resulting in a market cap of $270 million.
- Play-to-Earn Mechanics
HotsCoin notes that the MOBOX team has introduced various play-to-earn mechanisms, including MOMO mining, simulated matches, and the Gold Coin Master:
- MOMO Mining: Players can obtain MOMO by opening NFT blind boxes or purchasing MOMO on the NFT market. Holding MOMO automatically mines MBOX rewards. MOMO comes in five quality levels, each with different computing power. Users can use lower-quality MOMO to upgrade higher-quality MOMO for increased computing power.
- Simulated Matches: Players can participate in zero-cost simulated trading games such as Millionaire, Bull Bear Battle, and Crazy Leverage to earn MBOX rewards.
- Gold Coin Master: Players can use three MOMO to battle other players, with the top three hundred rankings receiving weekly MBOX rewards. Additionally, players can use MOMO daily for adventures to earn MBOX rewards.
In the RPG game "Block War" planned by the MOBOX team, players can choose different hero professions, collect equipment sets, and use skills and talents to defeat other heroes or bosses, earning MBOX rewards.
This report is for reference only, and investing involves risks. Please conduct thorough research and due diligence before investing. HotsCoin will continue to monitor the project's ecosystem. (Report writing date: November 2023)
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