What is MOBOX (MBOX) | What is MOBOX token

In this article, we’ll discuss information about the MBOX project and MBOX token

Online entertainment is an extremely competitive industry, with monopolistic companies competing for your information, attention, and money. Several of these companies have adopted gamification techniques to retain users and keep them interested. This is done in many ways, whether it is accumulating more points by running the extra mile on NIKE Plus or gaining levels on your favorite shopping app to chase the next big coupon & bonus points. Using all these systems, apps and features are designed to increase retention and keep you curious for what’s to come.

However we have also seen quite the opposite where traditional industries are being integrated into games such as Pokemon GO, rewarding players for walking around to catch their favorite pokemon or stock simulators pitting players against one another to see who is the true wolf of Wall Street.

Yet with all the time and money spent by the user, the rewards are simply not enough creating an imbalance. Where the company always has the upper hand and extracts every single dollar they possibly can from the user, which leaves them with next to nothing. In 2020 players spent just under $87 billion USD on games, with the very same users receiving a shocking $0 in return. Here’s where MOBOX comes in to make a change.

MOBOX is a community-driven platform empowering users by rewarding them for their engagement and enjoyment. By using innovative tokenomics, utilizing finance and games. Whilst also combining the best of DeFi and NFTs to create a truly unique and everlasting FREE TO PLAY, PLAY TO EARN ECOSYSTEM.

Inspiration

Team MOBOX embodies the spirit of decentralization with members coming from all across the globe. The team is made of long serving & highly experienced Smart Contract developers and a professional operations team. The MOBOX team has developed dApps since 2017, with secure Smart Contracts transferring funds of over $2.5 billion USDT. When the emergence of DeFi came about and with years of experience in developing games, the team got together and re-imagined what a blockchain platform should be and looked into how to fix problems that other platforms have failed to solve in the past.

The main problems are as follows:

Poor User Experience

As major institutions such as paypal and square have been accepting bitcoin there is no doubt that crypto has become more popular. However the same cannot be said about dApps. The growth of dApps has been stagnant until the arrival of DeFi. But it has been evident that it has not had the same growth in users, compared to the wider crypto market. It seems that current decentralized applications are not focused on the everyday user, making it very difficult for the average Joe to even get started.

Sustainable DEFI Solutions

With the rise of DeFi a lot of speculation has been created around the possibilities of what a bankless world can truly become. Yield farming and APYs have given many people a new source of income, yet most of these projects are not sustainable since they have no intrinsic token value that benefits the user in the long term. The ease of copy and pasting has severely stalled innovation. It is a game of musical chairs so to speak, where copycats are added to the ecosystem on a daily basis and users chase the highest yield, and when the music stops only those with true innovation will continue to foster.

The True Value of NFTs

With many developers looking for the next big thing, many projects have turned to NFTs. The concept of NFTs is not new, but rather one of the first ideas of how smart contracts and unique tokens can benefit creators and users simultaneously.

Although there are many utilizing this approach and several cases have surfaced in the past several years, only some of them have really created a product that showcases the true value of NFTs and how they can change the world. NFTs shouldn’t be just hype but a truly revolutionary standard to ensure that creators are rewarded for their time and effort.

Community Driven

When reviewing collectively what has been previously mentioned above, it is evident that many dApps are developed for the minority. Whether it is the barriers involved to enter or the extremely high gas fees (blockchain transaction fees), not everyone is able to take part.

The aim is to provide product values that are driven by the community for the community. Removing barriers and making sure that developers are open and honest is important in fostering and expanding the community and driving true value. Unfortunately, most communities are not rewarded for their behind the scenes contribution.

Scalability

Decentralized applications have come a long way, but for it to take the next great leap the problem of scalability must be resolved. With high gas fees, long transaction times, and with an extremely complex on-boarding process it has caused many dApps to fail. There are a multitude of new solutions for lower cost transactions and faster Transactions Per Second (TPS). Therefore users are often faced with a new learning curve when converting to a new blockchain.

MBOX Token

We believe that the essence of blockchain is about transparency and fairness. MBOX token has no pre-mine, no seed round, and no offering round. MBOX token is FAIR LAUNCH!

MOBOX DAO Token

Token Name: MBOX

Protocol：BSC

Standard：BEP20

Total Supply：1,000,000,000

MBOX Tokens will be distributed over 5 years according to the below schedule:

1: 40.00% - 400,000,000

2: 22.50% - 225,000,000

3: 17.50% - 175,000,000

4: 12.50% - 125,000,000

5: 7.50% - 75,000,000

Total: 100% - 1,000,000,000

Any tokens not mined in the first year will be burned.

Governance

MBOX Token hodlers have the right to submit and vote on proposals. Hodlers will be able to manage the success of the platform such as games to develop and integrate, unique functions, events, development and more.

Staking

Game theory motivates token hodlers to react in honest ways to achieve optimal payoff. Ensuring that good actors are rewarded. By staking MBOX tokens, this establishes a mechanism to ensure users, developers, artists, and platform act as an entity for success.

Gamified Rewards

Through the use of gamification techniques, stakeholders will be rewarded through the enjoyment of the MOBOX platform, creating a self-sustaining system for community expansion

How and Where to Buy MOBOX?

MBOX is now live on the Binance mainnet. The token address for MBOX is 0x3203c9E46cA618C8C1cE5dC67e7e9D75f5da2377. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy MBOX token

Contract: 0x3203c9E46cA618C8C1cE5dC67e7e9D75f5da2377

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MBOX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information MBOX

☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

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