Saturday, December 28, 2024
HomeBinanceBinance NFT'sMOBOX Gamefi - a guide

MOBOX Gamefi – a guide

HOW TO PLAY

MOBOX: A beginner’s guide to the play-to-earn cryptocurrency game

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?

GameFi (non-fungible token) is the combination of DeFi Yield Farming and MOBOX’s gaming NFT’s.

A play-to-earn model can be implemented without sacrificing the free-to-play concept.

The platform provides a variety of games for everyone to participate in, from NFT farming to yield farming and blockchain gaming.

MOBOX is comprised of three main components:

  • MoMO NFTs can now be traded, rented and lent on a decentralised marketplace.
  • 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?

Infrastructure elements of the game derive from play-to-earn gaming, decentralised finance’s yield farming, and the popularity of non-fungible tokens.

All these concepts are available in the platform’s ecosystem, which lets users play for free and earn rewards for being as active as possible.

MOMOs are NFTs that can be received by mystery boxes.

The NFTs that players receive can be traded, staked to farm MBOX tokens, or used as collateral for other uses across the ecosystem’s games.

A core game, dubbed MOMO Token Master, lets players steal gold coins from their friends and foes by battling them.

Users can earn MBOX tokens without spending any money by ranking on the leaderboard. Players of MOMO Farmer can yield farm and earn tokens, while players of Trade Action can take part in risk-free trading competitions.

In addition, decentralised finance (DeFi) has become increasingly popular this year.

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 talk about the currency used in the game.

As a governance token, MOBOX allows holders to submit and vote on proposals related to the project.

Every MOBOX owner contributes to the future of the company.

The token is MOBOX’s in-game currency. It’s both a reward you can earn for playing and a way to make in-game purchases like purchasing 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.

Keeping the native currency and putting it to work is an added incentive for users.

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.

www.mobox.io

RELATED ARTICLES

Most Popular