MOBOX have integrated the Binance Smart Chain — BNB as part of their multi-currency game ChainZ Arena.
What is Binance Smart Chain?
Binance Smart Chain is a community-driven blockchain software system, with developers and contributors from all over the world.
Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM).
Binance Smart Chain greatly extends the functionality of the original Binance Chain and joins a range of cutting-edge protocols designed to bridge the gap between various blockchains. Though still in its infancy, the promise of BNB staking alongside EVM compatibility makes the platform an ideal engine for developers building powerful decentralized applications.
Why Binance Smart Chain and what is GameFi on MOBOX?
There are many aspects to the Binance Smart Chain that MOBOX will utilize for a better faster experience on the MOBOX Platform one of those are “Peggy Coins” and Cross-Chain compatibility!
There is a growing number of digital assets on the Binance Smart Chain such as BTC and ETH known as “ Peggy Coins” as they are pegged to assets on their native chain which MOBOX can use as part of GameFI on the MOBOX platform. This in turn will save on transaction costs due to the low fees on Binance Smart chain as well as the lightning speed that comes along with it.
This will also provide the users of MOBOX a much better user experience on the platform.
Whilst the Binance Smart Chain is still in its infancy MOBOX believes that it will make it easier to onboard new users and provide a much better user experience by utilizing the Binance Smart Chain.
GAMEFI on MOBOX is a next-generation blockchain platform that makes free-to-play games truly free-to-play and the dream of play-to-earn a reality. Using smart contracts GameFi combines decentralized games with DeFi, creating a player-value-centered ecosystem unlocking the true potential of blockchain games. The speed and low fees of the Binance Smart Chain will make this a truly great experience for users!
#BNB users on the Binance Smart Chain can now join in on the MOBOX 🎃Halloween Multicurrency server 2 event.
Total rewards for this event is ~$45,000 USDT + 100,000 $SOUL.
If a Binance user participates in this event, the winnings will be paid out in #BNB.
To learn more about our Halloween Event, please read here.