👋Hey Hey It’s Update Day!
MOBOX crew here bringing you the weekly info to keep you in the know.
This week we have news on:
NFT lending
Pancake Migration
Binance MVB program
& more
Read on to check out the details on this…
New to MOBOX?
want to know how to get started in staking on the MOBOX Platform, we have a Guide for you HERE.
Platform stats so far:
- TVL (Total value locked) This is the amount that has been deposited for staking on MOBOX: $217,000,000
- Total Chests unlocked: 106750
- Total NFTs traded: Over $22,650,000
Joining the Binance MVB program!
Team MOBOX will be joining the Binance MVB Program also known as Most Valuable Builder Accelerator.
The programs aim is to help BSC-based startups create new and exciting innovations, gain industry exposure, receive funding, and accelerate community and business growth.
We have already deployed our Smart Contract on the Binance Smart Chain to register for this Program.
This program will give us the opportunity to have even more exposure on the Binance Smart Chain Community and it’s where we can showcase the great work we are already doing in this field not just on the BSC network but crypto wide!
MOBOX already had a head start compared to the other competitors in this program as we are the only DeFi NFT project on the Binance Smart Chain and have shown that we are innovators in this space!
Revolutionary NFT lending Smart Contract system
Here we are are expanding on the free-to-play and play-to-earn concept, in aim to help users around the world find another way to have fun and make an earning. Sounds great right?!
The revolutionary NFT lending Smart Contract will come to MOBOX and will be the worlds first NFT lending smart contract. Where users can rent out their MOMO NFT to other users for a fee. Being able to lend out NFTs expands on the utility for MOMOs. We believe that crypto should be for everyone, but we also understand that not everyone can afford epic or even Legendary MOMO NFTs when they come out.
For collectors and investors
1. Lend out your MOMOs to gamers
2. Earn extra income through NFT Rent Fee
3. When lent out, the MOMO will continue to be staked in your address allowing you to continue earning MBOX tokens from NFT Farmer.
For Gamers
1. Increase the strength of your MOMO Team
2. Earn MBOX tokens from MOBOX Game leaderboards
3. Be on an even playing field no matter how much crypto you have
4. Feel what it means to “free to play, play to earn” 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 and earn MBOX tokens within the games on MOBOX.
The first game to be released on MOBOX is TOKEN MASTER and that is scheduled to be released on the 20th of MAY 2021
If you missed our update last week, here is a sneak peek of
TOKEN MASTER! 👇
Also Coming to MOBOX Is The GEM System!
Estimated Launch Date: 8th May 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.
This will give another use case for the MBOX token.
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.
Pancake Migration
We have kicked off our migration to V2 on Pancakeswap as of yesterday.
The majority of users have already migrated to V2 and are enjoying the benefits of cake rewards added to their LPs + the mining of Keys.
If you have not migrated your LPs from the the old v1 Pancake contract, simply head over to our website click on the “Finished” Tab and then Migrate and follow the steps to transfer as seen below.
**We Strongly recommend migrating as soon as possible.
FINISHED CRATES are no longer FARMING KEYS!
As a gesture of goodwill team MOBOX will also airdrop “Keys”.
KEY Airdrops is to compensate for the withdrawal fee and the airdrop will take place at the same time as your Migration.(Roughly, every 10,000 USD of liquidity will be airdropped 0.18 KEYs).
MBOX DAO Token Pool (veMBOX)
Estimated Launch Date: Next Week
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.. BOOSTER POOL?
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 MOBOXers 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.
Periodic BURN
We have completed our burn of the buybacks today, we have successfully burned today 9053.6 MBOX tokens.
The hash of the burn can be found here.
Stay Informed
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We look forward to another jam-packed NFT buzzing week ahead with plenty more updates to come!
Until next week ✌️
Save Earn Play @ www.Mobox.io
