đź‘‹Hi there MOBOXers
Here again!
Bringing you another weekly update to keep you informed and in the know about all things MOBOX.
This is a jam-packed community update we cant wait and are excited to share with you!
As we are just a tad over two weeks since the launch of MOBOX, let’s kick off with some fun stuff and start with these platform statistics.
Platform stats so far:
- TVL (Total value locked) This is the amount that has been deposited for staking on MOBOX: $265,000,000
- Total Chests unlocked: 85000
- Total NFTs traded: Over $20,100,000
Ask Me Anything
The MOBOX team has held its first AMA in the year 2021. If you have missed the AMA in our telegram room you can read the full transcript of the AMA here.
Now to some Updates that are coming to the MOBOX Platform
MBOX Buyback and Burn
Estimated Launch Date: 4/20/21 (Will begin logging price)
The MBOX buyback and burn has already accumulated more than $1,200,000 USD. The team will be updating the platform today to kick-start the system.
So how will it work?
The buyback system is automated through our smart contracts. It will calculate the average price in the past 72 hours, and when it drops below that price a random amount will be bought back using the funds from the buyback pool.
Max buybacks per day = 96
Max buyback amount per trigger = 100 BUSD
Max total buyback per day = 9600 BUSD
The burn of the MBOX tokens will take place manually once a month.
All buyback transactions will be shown on the platform ensuring full transparency.
First Ever MBOX Burn
Our First MBOX burn has taken place on 20/04/2021. We have Burned 17105.32 MBOX to the value of over $40,000!
MBOX DAO Token Pool (veMBOX)
Estimated Launch Date: (TBD)
As many of you have asked, we are currently coding the smart contracts for the MBOX Token Pool. But unlike other pools, the MBOX token pool is a booster pool.
What does that mean?
Depending on your share of the LP pool, users can choose to stake an amount of MBOX tokens and for how long to stake for, receiving an equivalent in veMBOX tokens in return. This will give MOBOXer a BOOST. The Max Booster is 3X, meaning that it will increase your weight in the pool by 3X giving MOBOXers the ability to increase their weighted average compared to users who do not stake MBOX tokens.
But that’s not all! veMBOX will also give users extra attempts in Trade Action. But most importantly, users will vote on MOBOX strategies and changes using their veMBOX tokens.
We expect this to be complete in the coming weeks.
Token Master (the 1st Game to be released on MOBOX)
Estimated Launch Date : 5/20/2021
The first game to launch on the MOBOX platform is MOMO: Token Master.
A casual battler where everyone can pit their MOMOs against one another. The game is set in seasons, with each season resetting all stats and
leader-boards. In Token Master the goal is to accumulate as many Gold Coins as possible by battling other MOBOXers and stealing their Gold Coins or by playing the Monopoly wheel.
Game Systems
Skills: MOMOs can accumulate skills depending on the Gems (explained below) they accumulate through MOMO: NFT farmer. Each MOMO can be equipped with 1 Active Skill and 3 Passive Skills. There are a total of 80 Active Skills and 100 Passive skills to choose from.
Each MOMO will have 4 skills once they enter the season, with Rare and above have the option to upgrade their skills.
MOMO Gold Mine: Depending on your total hash rate, MOMO’s will accumulate Gold Coins that can be used in the MOMO: Token Master game.
MOMO Battler: Every MOBOXer gets a set number of attempts daily to steal Gold Coins from other MOBOXers. MOMOs are put into teams where they battle 3v3. For each MOMO defeated the MOBOXer receives a star and depending on how many Stars the winners receive they will steal a portion of their opponent's Gold Coins.
MOMOpoly : Bringing back a great hit, MOBOXers can use their Gold Coins and test their luck on the wheel to accumulate even more Gold Coins!
LeaderBoards: There will be a total of three leaderboards each giving out MBOX rewards.
a. Token Master: The Token master leaderboard is based on total Gold Coins accumulated for the season.
b. Stars: The Stars leaderboard is based on total Stars accumulated throughout MOMO Battler.
c. MOMOpoly: The MOMOpoly leaderboard is based on the highest multiplier from the lucky wheel.
Above are some pictures from the MOMO: Token Master game. Things may change before the game is released.
Gem System
Estimated Launch Date: 5/8/2021
The Gem system is a brand new NFT system to customize your MOMOs! Using the ERC1155 standard and can be obtained by using MBOX. Only a set amount of Gems will be released daily. Gems will be released according to a MBOX lottery system. MOBOXers can participate in the lottery by using their MBOX tokens. Any MOBOXer who does not receive Gems will have their MBOX tokens returned.
Each Gem starts at level 1 and can be upgraded to level 9. Three of the same level gems can be combined to upgrade to the next level.
Once the Gem system is launched it will take place 4 times a week. Lottery System will last for roughly 4 weeks and depending on the ecosystem the team will decide whether or not to extend it.
Revolutionary NFT lending Smart Contract system
Estimated Launch Date: (TBD)
Didn’t we say we are here to revolutionize how users can use and earn with their NFTs? Well, now it’s time to give you guys a little hint of how we are going to approach this. We’ve always said that we want to expand the free-to-play and play-to-earn concept and help users around the world find another way to have fun and make an earning.
There are collectors, there are players, and there are investors. Therefore, we have devised a system to bring more value to NFTs where each stakeholder can find some sort of value from them. Introducing the first-ever NFT lending Smart Contract.
How will it work?
Owners of rare and epic MOMOs can choose to lend out their NFTs. Lending out NFTs will not affect the user's MOMO: NFT Farmer hash power. Other MOBOXers have the choice to rent them and use them within games for a certain amount of MBOX tokens.
This system benefits collectors and investors by giving them another way to earn from their MOMOs, while also giving other players who might not have rare or epic MOMOs the ability to borrow to earn MBOX tokens within games.
Revolutionary? We definitely think so! More to come!
Legendary MOMOs
Estimated Launch Date: (TBD)
Team MOBOX has been working hard in bringing you the greatest of NFTs. We believe that the importance of interoperability not just between blockchains or games, but also between platforms is the essence of NFTs. Legendary MOMOs shouldn’t only give you uber Hash Power, but also give you use cases across the blockchain scene. We have been working with several partners in bringing you just that! We will release more news on this once it's set in motion. Stay tuned!
MOMO Chat
Estimated Launch Date : (TBD)
Here are MOBOX we have been working on a chat platform that will be integrated with the whole MOBOX platform allowing MOBOXers from around the world to talk MOMO, MBOX, and really…. anything you want to talk about.
Update on CERTIK
After receiving our first report back from CERTIK late last week and we expect the full CERTIK audit to be completed by the end of the next week. CERTIK has also deployed its Skynet 24/7 security intelligence engine for our smart contracts. You can check the status of our CERTIK audit HERE.
In Other NEWS
We love keeping you informed with all things MOBOX related so here on other exciting news we would like to share that we have been featured in BSC NEWS you can read the full article here. Also, a similar and great article about MOBOX was shared by DappRadar in their article here.
While this is only just the beginning of MOBOX we have seen a rise in players in such a short time and reporting of MOBOX platform right across the crypto space. How awesome is that!
What Does The Future Hold in the next month?đź”®
1. Updated UI
2. Completion of Audit with CERTIK
3. First game Demo to be released
4. Introduce MBOX staking
5. AMA with various communities
6. We may introduce new strategies
Our Current Events:
MOMO NFT creator event
Do you feel the urge to be super creative and want to come up with an artistic MOMO on MOBOX of your very own?
Well here you have it…use this PSD file (which you can download here) and draw any MOMO you like!
A maximum of 5 winners will be chosen to win a whopping $500 USD each. Team MOBOX will quality check each submission and will choose a maximum of 5 winners under the team’s discretion.
This event will last for 1 month ending on the 6th of MAY.
Once you have completed your MOMO drawing simply submit your entry HERE. Winners will be contacted after the 7th of May.
Twitter Events:
Below are our current twitter events, don’t miss out!
Make sure to join in and follow the instructions to win some amazing prizes:
Event 1— No End date — last to comment will trigger end date, See Tweet HERE
Stay Informed
Be a part of this experience, join in, stay informed & participate in our unique platform community.
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We look forward to another jam-packed NFT buzzing week ahead with plenty more updates to come!
Thanks for tuning in MOBOXERS
Till next time ✌️
Save, Earn, and Play @ www.mobox.io
