The long awaited veMBOX has arrived🙌
Some of you may be new to our platform and may ask what is veMBOX?🤔
veMBOX will give you a weighted boost for when you are MBOX farming in CRATES, the max boos of MBOX farming you can receive is 3x.
veMBOX is to boost your weight of the pool. For example your weight of a particular pool is 1%. You can stake a certain amount of MBOX to get 3X boost of your weight, which will pull down other user’s weight. As more MBOX is staked you may need to stake more MBOX to maintain your 3X Boost.
veMBOX will also give you the important right to vote on the development of the MOBOX platform.
For each pool that you stake in CRATES on NFT Farmer you will need to deposit veMBOX to receive a boost for that pool.
Let’s now go over on how you deposit into the pool.
simply click on the veMBOX logo in the crates where you are currently staking as shown below.
Now a new pop up will come as shown below.
From this screen simply select how long you want to freeze your mbox tokens for veMBOX for. This is a sliding scale the longer you stake your MBOX the more it converts into veMBOX tokens. To put that into perspective if you are freezing MOBOX for a 3 year period you will require much less MOBOX then if you where staking it for 7 days.
In the above screen the red highlighted square this will show you how much MBOX you need to stake to gain a 3x pool boost in your crates section. Depending on how how much you have staked in the CRATES everyone's amount required for a 3x boost will be different. As more MBOX is staked you may need to stake more MBOX to maintain your 3X Boost.
Participating in “Super” Mystery Box Raffle
In order to participate in the “Super” Mystery Box weekly raffles you will need to hold a minimum of 3000 veMBOX. ( Normal Raffle does not need veMBOX)
As per the table above as you can see the number of veMBOX you hold and the number of tickets you can purchase in the Super Raffle.
Any MBOX you use for this raffle that was not successful in gaining a Mystery Box are returned to you. Simply click on the blue “Participate button” and claim your MBOX.
To see the full details of the Box Raffle Rules, simply click on the yellow “ ? “ and a pop up will appear as per the photos above.
Gem Lottery
If you want to participate in the GEM lottery you will need to have a minimum amount of veMBOX to participate in the veMBOX raffle part.
for full rules of GEM lottery please click on the “ ? “
Below is a table that show you how many gem tickets you are able to enter with based on the number of veMBOX you have.
FAQ’s
Can I sell my veMBOX
NO, veMBOX are not tradable and CAN NOT BE SOLD!
Can I still withdraw my LP tokens when I have frozen my MBOX?
Yes you can still remove your LPs at any time you like
Does this mean I will get 3 x the APY?
No, you will not get 3 x the APY. You will simply get a boost of your weight, which will pull down other user’s weight especially those ones who do not have any veMBOX
When can I take my MBOX back?
Once the timer has counted down you will be able to withdraw your MOBOX.
Can Everyone have a 3x boost?
Everyone that is staking in your pool can participate in the x3 boost.
I have staked with x3, but after a some time its showing less then x3? That means that the pool share has increased, so if you want to continue to receive a x3 boost on KEY earning you will need to deposit more MBOX.
