MOBOX

What is the token?

• MBOX is the native utility token of the MOBOX platform.

• MOBOX is a community-driven GameFi platform that combines yield farming in DeFi with gaming NFTs to create a free-to-play, play-to-earn gaming model.

• The platform rewards users for their engagement and enjoyment.

Tokenomics

• The total supply of MBOX tokens is capped at 1 billion.

• Token distribution: 51% to the community, 21% to contributors, 8% to strategic partners, and 20% to the team.

• Tokens are introduced into circulation over five years, with a decreasing rate each year.

• Starting from year six, 50 million new MBOX tokens may be minted annually based on community votes.

Market Data

As of today 22 December 2024, the price of MOBOX is ₹17.41 INR, with a 24-hour trading volume of 11293105.73 USD. The market capitalization for MOBOX is 73723380.94USD. The circulating supply is 397627056 MOBOX, with the total supply also being 549465480 MOBOX.

Token Pros and Cons

Pros:

• Combines DeFi and NFTs within the gaming industry.

• Rewards users for participation and engagement.

• Community-driven with a DAO governance model.

Cons:

• It is a highly volatile market, as with most cryptocurrencies.

• Dependent on the success and adoption of the MOBOX platform.

Why Should You Invest in the Coin?

• Investing in MBOX may be considered by those who believe in the potential of GameFi and the integration of DeFi and NFTs within the gaming industry.

• The token rewards active participation and has a governance model that involves the community in decision-making.

USP of the coin

• MBOX's unique selling proposition (USP) is its innovative combination of gaming, DeFi, and NFTs, which creates a new ecosystem for free-to-play and play-to-earn gaming.

• This ecosystem is designed to lower the barrier of entry for traditional gamers and non-crypto-savvy users.

The problem the coin is solving

• MBOX aims to solve the problem of limited monetization for players in traditional gaming by providing a platform where players can earn rewards through gameplay and participation in the ecosystem.

Founder and team background

• Vadim Kot is the founder of Mobox.

• The founding team includes notable figures from the blockchain and gaming industry, such as co-founder and CEO Jeff Yeh, who has worked with companies like Ubisoft, Sega, and Square Enix.

• Other team members include co-founder Aaron Wei, who has a background in finance, and CMO Gloria Li, who has marketing experience.

• The team has been in the Dapp space since 2018, handling over $4 billion across their Dapps, and their previous Dapp was the first gaming Dapp featured on Binance Launchpad.

ICO Price

• MBOX's price ranged from approximately $0.278 to $0.341.

• Market capitalizations and trading volumes reflect the volatile nature of the cryptocurrency market.

• One source listed the market cap at around $83.96 million with a 24-hour trading volume, while another reported a market cap of $92.40 million.

Risks Associated with Investing in the Coin

• Risks include market volatility, regulatory changes, technological issues, and the dependency on the platform's success.

• Investors should also consider the potential for dilution by minting new tokens from year six onwards.

Whitepaper Insights

The MOBOX whitepaper outlines the platform's vision to create a comprehensive GameFi ecosystem integrating DeFi, NFTs, and gaming. The platform is built on the Binance Smart Chain and aims to provide a free-to-play and play-to-earn environment where users are rewarded for their engagement.

The core of the MOBOX ecosystem is the MBOX token, which is used for transactions, governance, and as a reward mechanism. The platform features a unique NFT marketplace where users can trade, rent, and lend NFTs. These NFTs, known as MOMOs, are integral to the gaming experience on MOBOX and can be used across different games on the platform.

MOBOX introduces a novel concept called "MOMOverse," a metaverse that includes various games such as ChainZ Arena, Block Brawler, and Token Master. Players can earn MBOX tokens by participating in these games and contributing to the ecosystem. The platform also includes game and NFT creation tools, inviting developers to create and explore different possibilities within the MOBOX ecosystem.

The governance of MOBOX is community-driven, with a DAO structure that allows MBOX token holders to vote on proposals and influence the direction of the platform. This democratic approach ensures the platform evolves according to the community's interests.

The tokenomics of MBOX are designed to incentivize long-term participation and investment. The total supply of MBOX is capped at 1 billion tokens, with a distribution plan that spans over five years. The platform also implements a buyback and burn strategy, where a portion of the profits from platform fees is used to purchase MBOX tokens from the market and burn them, reducing the overall supply and potentially increasing the token's value.

The whitepaper also addresses the platform's commitment to security and transparency. CertiK, a well-known security firm, has audited all intelligent contracts to ensure the safety of users' funds and the integrity of the platform's operations.

In summary, the MOBOX whitepaper presents a detailed vision of a GameFi ecosystem that rewards users for their participation, offers a range of gaming experiences, and provides tools for developers to contribute to the platform's growth. The MBOX token is at the heart of this ecosystem, serving as the currency for transactions, rewards, and governance. With a focus on community, security, and innovation, MOBOX aims to be a leading platform in the GameFi space.