MOBOX is the latest platform for crypto gaming and NFTs.
So let’s explore what the game entails and how to play.
What is MOBOX?
MOBOX is a game that combines the best of DeFi Yield Farming and Gaming NFTs (non-fungible tokens) to create what MOBOX calls GameFi.
It is is designed to promote the potential of play-to-earn without sacrificing the free-to-play concept.
Everyone can participate in the various games provided by the platform, ranging from NFT farming to yield farming and blockchain gaming.
Three main components make up the MOBOX platform:
- The NFT marketplace: fully decentralised marketplace to trade, rent and lend MOMO NFTs with and to other players
- NFT creator: A convenient set of tools for users looking to create MOMO NFTs using the ERC721 standard
- Game creator: A collection of APIs to launch and publish games on the MBOX platform. Moreover, developers can incorporate MBOX tokens and MOMO NFTs into their game with ease.
There is no pre-sale, no private investment, and no pre-mine involved in the MOBOX launch.
Instead, platform tokens are distributed based on user activity across the ecosystem’s numerous features and solutions.
How does MOBOX work?
The game’s infrastructure borrows elements from play-to-earn gaming, decentralised finance’s yield farming, and the popularity of non-fungible tokens.
Its ecosystem provides access to all of these concepts and lets users play for free and earn rewards for being as active as possible.
The NFTs are dubbed MOMOs and can be received through mystery boxes.
Players who receive these NFTs can trade them, stake the NFTs to farm MBOX tokens, or use them as collateral for other uses throughout the ecosystem’s games.
One of the core games, dubbed MOMO Token Master, lets players rob their friends and foes of gold coins by battling one another.
By ranking on the leaderboard, users can earn more MBOX tokens without spending any money. MOMO Farmer lets players yield farm and earn tokens, whereas Trade Action is more educational and competitive, featuring a weekly risk-free trading competition.
Another concept that has become much more popular this year is decentralised finance (DeFi), which is financial services without a middleman.
One example is decentralised exchanges that facilitate trades using smart contracts and crypto funds contributed by users.
How to earn money in MOBOX?
Let’s take a look at the currency that is used in the game.
MOBOX is a governance token, meaning that it gives holders the right to submit and vote on proposals related to the project.
In effect, everyone who owns MOBOX helps decide on its future.
The token is MOBOX’s in-game currency. It’s both a reward you can earn while playing and the way you make in-game purchases, such as buying characters.
You can also stake MOBOX in the platform’s liquidity pool to earn rewards, stake it for a chance to win mystery boxes with MOMO NFTs, and use it to bid on NFT auctions.
This creates an extra incentive for users to hold on to the native currency and put it to work.
How to play MOBOX
There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies, so it’s important to find the one that’s right for you.
Since MOBOX is free to play, those interested in play should visit its website and try its MOMO: Token Master game if you’re thinking about investing.
You can get an idea of how it works and see whether you think it’s going to be a success.
For more background on metaverse games, check out our Gala Games vs The Sandbox vs Decentraland explainer.
Read More: MOBOX guide: How to get started in the play-to-earn crypto game