MOBOX
About MOBOX
The price of MOBOX (MBOX) is $0.13764485 today, as of Sep 16 08:14 p.m., with a 24-hour trading volume of $8.38M. Over the last 24 hours, the price has decreased by -6.29%. MOBOX currently has a circulating supply of 278.10M and a market cap of $38.28M.
Mobox (MBOX) is the native utility token of the MOBOX Protocol, a yield farming project for gaming NFTs based on the Binance Smart Chain. The token forms the bedrock of the “MOMOverse,” a metaverse that comprises games such as ChainZ Arena, MOl and Defense, Block Brawler and Token Master.
MOBOX launched in April 2021 with a total supply of 1 billion tokens. The token’s price fell from $4 at launch to a low of 48 cents in June 2021, before rising to $9 by September 2021 and hitting an all-time high of $15.68 in December 2021.
The token is issued on the Binance Smart Chain as a “BEP-20” token. At launch, 51% of the tokens were reserved for the public. Another 21% went to contributors, 8% went to strategic partners, and 20% went to the project’s team.
The total supply of MBOX is supposed to be introduced into the community by April 2026, which is five years after the token was released. In its first year, 400 million MBOX tokens entered public circulation. The rate at which new tokens are introduced decreases over the five years; for instance, in MBOX’s second year, 225 million tokens will enter public circulation. MOBOX buys back 80% of all profits from the platform each week and burns them. The profits come from a 4% market fee, a 4% performance fee and a 0.5% withdrawal fee, paid in tokens.