A look into the metaverse of GameFi rookie MOBOX

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With the dozens of gam­i­fied DeFi projects and earn-to-play games that launched last year, it’s hard to sep­a­rate one fan­ta­sy-themed NFT mar­ket­place from anoth­er, a meta­verse inno­va­tor from a flash game with its own tokens.

While MOBOX is sim­i­lar to many oth­er recent Game­Fi and meta­verse offer­ings, it has some unique qual­i­ties that investors and play­ers should watch, espe­cial­ly its inte­gra­tion with BSC.

And it’s recent­ly been get­ting noticed.

Accord­ing to Foot­print Ana­lyt­ics, MOBOX had the high­est incom­ing amount of funds out of all BSC games from Dec. 11 to Jan. 11.

Foot­print Ana­lyt­ics – BSC Game­Fi Volume(30D)

A com­bi­na­tion of play-to-earn gam­ing and invest­ment plat­form, MOBOX cur­rent­ly has a hand­ful of fan­ta­sy-themed mini-games users can play, an NFT mar­ket­place, and gam­i­fied DeFi features.

Play­ers can earn rev­enue in 4 ways:

  1. MBOX/BNB Liq­uid­i­ty Min­ing – For the sake of MOBOX’s long-term devel­op­ment, MOBOX sus­pend­ed all oth­er pools except MBOX/BNB after August. Users can quick­ly con­vert tokens and pro­vide liq­uid­i­ty through the “Farmer” fea­ture. The cur­rent APY is about 120%, of which 115% is gained by min­ing MBOX.
  1. NFT Min­ing – NFTs on MOBOX, called MOMOs, are staked auto­mat­i­cal­ly after being obtained by the user. In the “Min­ing Camp” you can see the total hash pow­er and the user’s hash pow­er, and the user’s income depends on the user’s weight­ed aver­age of the over­all hash power.
  1. BOX or NFT Trad­ing – There are 3 mys­tery box­es on MOBOX: BOX (for MOMO), Chests (one box per KEY), and MEC BOX (for crys­tals that increase the MOMO’s hash pow­er). The raf­fle unit price of BOX is one-fifth of the aver­age price of the mar­ket last week, and users can earn a prof­it by sell­ing it after the raf­fle. Users can also prof­it by trad­ing NFTs for the dif­fer­ence in price.
  1. Games – In the three games cur­rent­ly offered by MOBOX, users can earn income by buy­ing and sell­ing equip­ment, get­ting rewards, and rent­ing their MOMOs.
MOBOX

What are MOMOs?

MOBOX’s MOMOs are cubic fig­ures that help users mine on the plat­form. Hash pow­er deter­mines how fast MOMOs mine and can be increased by:

Acquir­ing rare MOMOs that can be “enhanced”

  • Upgrad­ing MOMOs using crys­tals (MEC)
  • Group­ing MOMOs in groups of com­mon, uncom­mon, unique and rare to obtain bonus hash power

Play­ers can also earn addi­tion­al rev­enue by rent­ing out their MOMOs

The 3 MOBOX Games

There are cur­rent­ly 3 games on MOBOX.

Token Master

Token Mas­ter includes 3 mini-games: MOMOpoly, Plun­der, and MOBOX­er. Play­ers bat­tle for MBOX and MEC in games where they bat­tle for the rank­ing in the leaderboard.

Block Brawler

Block Brawler is an RPG game where users can choose one of 6 pro­fes­sions and par­tic­i­pate in PVP or PVE games through dif­fer­ent skill strate­gies. MBOX and MEC are also award­ed to the top of the leader­board, and MBOX is required to pur­chase resources and equipment.

ChainZ Arena

Posi­tioned as the first ever cross-blockchain and cross-plat­form game, ChainZ Are­na opened in Decem­ber as an Idle RPG game that allows users to play against each oth­er using cards.

MOBOX Economics

MBOX

MBOX is the orig­i­nal plat­form token for MOBOX and the devel­op­er team says it will not be pre-mined or dis­trib­uted to investors in any way dur­ing the seed round or its launch.

Accord­ing to Foot­print Ana­lyt­ics MBOX’s price is $3, ris­ing to an his­tor­i­cal high of $13 on Nov. 30. This is main­ly caused by the game’s part­ner­ship with Binance, which allows users to access plat­form func­tions via the Binance app, As well as the launch of a $1 mil­lion blind box air­drop, which gives par­tic­i­pat­ing users a chance to get MOMO.

Foot­print Ana­lyt­ics – MBOX Token Price

MOBOX quick­ly gained pop­u­lar­i­ty with this air­drop, but the over­flow of users caused the Binance app to be unable to use the MOBOX inter­face prop­er­ly sev­er­al times. MOBOX there­fore tem­porar­i­ly halt­ed activ­i­ties, and the token price fell.

veMBOX

veM­BOX is a gov­er­nance token of the plat­form, which is obtained by stak­ing MBOX, sim­i­lar to  Curve‘s veCRV mech­a­nism, the longer the stak­ing time the more veM­BOX users get.

Stak­ing MBOX also boosts the rev­enue of liq­uid­i­ty min­ing, and hav­ing veM­BOX is also a require­ment to par­tic­i­pate in BOX super raffle.

KEY

KEY is the reward for liq­uid­i­ty min­ing at Farmer. But in August, MOBOX adjust­ed the eco­nom­ic mod­el of the plat­form and changed the income obtained from staked assets from KEY to MBOX. The plat­form can still use KEYs to open Chests to get NFTs, and the price of KEY has sky­rock­et­ed since August and remains at $175.

Foot­print Ana­lyt­ics – KEY Token Price

Buyback and Burn

MOBOX uses 80% of its prof­its to auto­mat­i­cal­ly buy­back and burn MBOX. When the price of MBOX is less than the aver­age price for the last 72 hours, the con­tract will auto­mat­i­cal­ly trig­ger a swap of MBOX and burn it. MOBOX wants to use this mech­a­nism to sta­bi­lize the price of MBOX, but the slip­pery decline in the token price in Novem­ber shows that this mech­a­nism has not played a big role.

Summary

In July, Binance Smart Chain award­ed MOBOX one of the best projects in its 2nd Most Valu­able Builder pro­grams, and the project soon received a strate­gic invest­ment from Binance Labs.

It now plans to inte­grate with the Binance ecosys­tem, includ­ing the Binance Mini Pro­gram, Binance Pay and Binance NFT Mar­ket­place. MOMO­verse will be the first cross-plat­form meta­verse to be ful­ly inte­grat­ed with Binance in this way.

Although the founders of MOBOX have a more ambi­tious vision, the three games that have been launched so far show that the playa­bil­i­ty is much the same as oth­er Game­Fi projects.

What is Footprint Analytics?

Foot­print Ana­lyt­ics is an all-in-one analy­sis plat­form to visu­al­ize blockchain data and dis­cov­er insights. It cleans and inte­grates on-chain data so users of any expe­ri­ence lev­el can quick­ly start research­ing tokens, projects and pro­to­cols. With over a thou­sand dash­board tem­plates plus a drag-and-drop inter­face, any­one can build their own cus­tomized charts in min­utes. Uncov­er blockchain data and invest smarter with Footprint.

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