MOMO Lending is now LIVE
Hey there MOBOXers
The long awaited MOMO Lending is now live.
What does that mean?
What it means is that you can now lend out your MOMOs to other players for a fee.
Lets go over some of the rules of Lending:
Only MOMOs with quality ≥ Rare can be Lent.
The MOMO will be locked after being lent out, cannot be sold, cannot be used as part of an upgrade, Gems cannot be removed from it, cannot be used in the game by the original owner.
The other functions are as per normal; the rented MOMO can only be used in MOBOX games (currently only available for Token Master)
✅MOMO lending has a 5% fee, 100% of that fee will go directly to the Burn pool.
How do you Lend out your MOMO?
As shown in the picture below simply go to the Marketplace -> MOMO Lending -> LEND
Once you have done the above steps simply click on LEND button under the MOMO that you want to Lend.
A new pop up like the one below will appear.
✅Now simply enter your price ( how much you want to receive to lend your MOMO)
✅Enter the term ( how many days 1–7 days)
✅ And Enter for how many terms you want this agreement for ( 1–3 renewals)
And now click “ Confirm the Lend”
Now depending which wallet you are using if its desktop based or mobile, a pop will come up and you need to confirm the transaction.
Once the transaction has been confirmed on the blockchain you can now find your MOMO on the Market in the “MOMO Lending “ page. For any transactions on The Binance Smart Chain, you require BNB to cover the GAS fees, so make sure you have some in your wallet!
Once someone has agreed to rent your MOMO and make the purchase via the Market, you will receive the MBOX to your wallet minus the 5% fee.
Important things to remember!
If you have just sent your MOMO onto the Lend Market, your MOMO will continue to mine MBOX.