Mobox: DeFi meets GameFi
Hermetic Science: Breaking Down Crypto Projects.
The aim of this study series is to demystify cryptocurrency from what appears to be magic internet money into more simply a type of currency that uses distributed ledgers. What those ledgers enable users to do with cryptography (the science of hiding information) is the real magic.
*Disclaimer** This information should not be construed as financial advice, nor should you treat it as a substitute for the services of a certified financial advisor.
I. Crypto Summary
MOBOX ($MBOX) is a Free-to-Play gaming platform on the Binance Smart Chain that incorporates DeFi and NFTs. Community members use the native MBOX token in what the platform calls the Momoverse, a cross-platform metaverse. In this ecosystem, users can play their part with a range of activities such as play to earn games, trading and collecting NFTs, and developing blockchain games.
According to their official website, MOBOX is a “blockchain network controlled and governed by your in-game assets… NFTs collected through your in-game experience act as your node on the MOBOX blockchain network, providing users with near-instant transactions.” That last part is important because these NFTs called MOMOS act as an avatar for users to interact with the Momoverse.
MOMOs are cute, block shaped NFTs that inhabit the Momoverse. They play a key role in this ecosystem as they’re used in every aspect of GameFi on of the MOBOX platform which is Free-to-Play, Play-to-Earn. MOBOX games are all Free-to-Play, although to acquire more tokens and prizes players are encouraged to buy better NFTs. Through their MOMOs players are able to catch, farm, battle and mine in order to gain MBOX token rewards. They can also trade, rent and lend NFTs through their own decentralized NFT marketplace.
There are several games available on the MOBOX platform but the top 3 games users gravitate to are MOMO Block Brawler, MOMO Token Master, and Chainz Arena.
- Block Brawler is a role-playing game (RPG) that focuses on battle strategy. Users pick a Hero and fight in Player vs Player(PvP) combat. Players will earn MBOX by welding and trading battle equipment. Ranking rewards are also available for top players on the leaderboard.
- Token Master is a turn-based game where players pit their MOMOs against one another for a chance to win gold coins. With enough gold acquired, top players can earn a spot on the leaderboards and get rewarded with MBOX tokens.
- ChainZ Arena is a cross-blockchain RPG. By engaging in battles, players are rewarded in several cryptocurrencies, including Ether (ETH), EOS, and Tronix (TRX).
II. Commercial Application
The Momoverse supports multiple ways for users to monetize their assets and earn tokens. Through their own NFT Marketplace, for example, players can collect and trade MOMOs. Users can set whatever prices they wish for the MOMO they want to sell however sellers are charged a flat 5% exchange fee by MOBOX. There are also MOMO card packs that come in a variety of sizes and rarity. A feature that can save buyers money on transaction costs by allowing them to purchase larger bulk of MOMOs.
MOBOX furnishes the play to earn feature. Earning tokens in the game will require a certain investment of time. No matter what game you play in the Momoverse they will start and end in seasons. Seasons take place in 7 days and then all progress is reset to 0, with score being kept on leaderboards. Token prizes are only given to those who finish in the top 10 leaderboard in terms of coins collected, Momopoly (MOBOX version of Monolopy) winnings or those who’ve collected the most stars in PvP (Player vs Player) battles. Players who are intent on earning rare MOMOs and other in-game items, such as specialized battle gear, will enjoy an increase in their $MBOX earning potential.
MOBOX has given way for content creators to engage in their community with the advent of the NFT creator. Through this platform creatives are able to design their own unique MOMOs to be used across the Momoverse. The NFT creator platform makes the creative process as effortless as possible by requiring no knowledge of smart contracts and coming equipped with all the aid required for the artists and designers to be rewarded for their creations. Artists simply have upload their MOMO NFT, select unique attributes, and have the community vote on which MOMO they want used in the Momoverse.
Developers are also able to put their stamp on the Momoverse through the MOBOX Game Creator platform. The platform provides a set of tools for developers to comfortably build thrilling game in the MOBOX ecosystem. The Game Creator platform is a huge plus for developers given that the Momoverse comes built in with an established player community, MOMO NFTs, and of course low cost publishing.
III. Team
The founders of MOBOX have been in the DApp space since 2018. Made up 35 specialists, the MOBOX team draws from experienced developers in terms of smart contract coding, and their previous dApps ventures have overseen more than 4 Billion USD equivalent utilized by smart contracts.
The most visible profile behind MOBOX is Vadim Kot, Chief Executive Officer & Co Owner at MOBOX based in Kiev, Kyiv City.
IV. Potential
The outlook for MOBOX is bright even in this bear market we currently live in. What sets this project apart from the rest is that it combines aspect of GameFi and DeFi. The GameFi aspect of MOBOX being the many Play-to-Earn blockchain games that offer economic incentives to players. With those economic incentives comes a thriving community and consumer participation which have been driving VC funds wild in hopes of catching the video game market cap which is currently priced at $178 billion. The other aspect to consider is DeFi which pushes forward peer to peer financial services on blockchains such as Ethereum. What that looks like in MOBOX is multiple ways of earning be it staking options or yield farming, giving players a lot of flexibility when playing to earn.
The MOBOX Protocol combines a highly efficient DeFi ecosystem with a quickly expanding NFT gaming platform. Thanks to MOBOX, the players are able to not only earn unique NFTs by playing games, but they can also easily stake them to massively enhance their profit and gain numerous additional benefits.
MBOX tokens also have governance utility, which means that the users of the MOBOX Protocol are able to utilize them to vote on all important aspects of the future development of the project. Consequently the MOBOX Protocol is expected to retain a steady rate of organic growth in the foreseeable future.
Another thing to consider with the MBOX token are the auto-buybacks. 80% of all profits across the MOBOX platform are channeled into an “auto buyback and burn” pool consisting of BNB. The smart contracts will routinely check the average MBOX price in the last 72 hours. Whenever the token price falls below the 72 hour average price the smart contract will be triggered to swap the BNB funds in the pool for MBOX tokens at random intervals.
V. Risks
Due diligence is always required when investing in the metaverse as these NFT tokens and other coins are always very volatile and can’t be easily predicted over a particular period of time. Since it’s Free-to-Play with MOBOX, you should visit the website and try the games before investing. You can get an idea of how it works and see whether you think it has long term potential.
We are obviously in a bear market so price predictions will trend downwards for DeFi and Metaverse projects. In the long term, MOBOX could prove to be an effective Marketplace and P2E project but in this market the expectations are that it’ll continue to drop in price and sales.
VI. Conclusion
The MOBOX metaverse is a unique cross-platform metaverse for gamers and cryptocurrency fans. The platform manages to combine NFTs with DeFi to provide players with ample opportunity to earn cryptocurrency through a variety of blockchain games and challenges. While the entire crypto market is down, MOBOX should be on your list of of metaverse projects to recover.
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