Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
Where to buy Mobox
It looks like MBOX may not be available to purchase on an exchange in the US.
You can still purchase MBOX by using a decentralized exchange (DEX) instead. decentralized exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase MBOX using a decentralized exchange.
- Find MBOX on a decentralized exchange and make sure Mobox can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
- Buy BNB to trade for MBOX using an exchange like Crypto.com. You will need to purchase enough BNB to swap for MBOX as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
- Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade BNB for MBOX on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
- Wait for the transaction to finalize and the MBOX tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
Best Mobox wallets to store your MBOX
You can keep your MBOX on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your MBOX below.
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$219
Supported assets
1,456+
SafePal S1 Wallet
★★★★★
Price (USD)
$49.99
Supported assets
30,000+
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Mobox a good investment?
As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to MBOX, here are a few things to consider:
- Risk of selling pressure: Since the token is used as a reward in games, it may become a challenge to offset the selling pressure that comes from gamers who regularly convert earnings into fiat. This may make it difficult to keep the price high - a common problem faced by most P2E games today.
- Tokenomics: MBOX has a maximum supply of 1 billion tokens and was created using a fair launch (no pre-seed or pre-sales took place). 51% of the supply has been allocated to in-game rewards, farming, and staking. 21% was allocated to contributors of the community. 20% was kept for the team and 8% was distributed to partners. To add a deflationary mechanism to supply, 80% of profits generated from platform fees are allocated to a buyback and burn contract which was designed to remove tokens from circulation.
- Synergy of use cases: The MBOX token holds two distinct, but synergised, functions: rewarding gamers, and governance. The more a player interacts with the MOBOX platform, the more token rewards they receive and, therefore, the more potential governance power they hold. A high number of use cases can help to add an increased demand for a native token.
- Farming: MBOX tokens can be earned in two ways. The first involves depositing MBOX and the native coin of the Binance Smart Chain - BNB - into a PancakeSwap liquidity pool. In return for depositing liquidity, a user receives liquidity provider (LP) tokens, which can then be staked to earn MBOX rewards. Alternatively, MBOX can be earned by staking MOMO NFTs. Both options are available within the MOMO Farmer application.
- Scalability: The protocol runs on the BSC network, which can handle approximately 55-65 transactions per second (tps). This can increase to 220 tps during peak times. While this is a huge improvement over Ethereum’s 15 tps, BSC is still known to experience congestion from time to time.
- Early-stage metaverse: The game’s native metaverse - MOMOverse - is still in its early stages, displaying a 2D isometric world with simple functions. However, considering the billions of dollars being poured into metaverse projects, MOBOX is entering a sector of the cryptocurrency industry that could have huge potential in the future.
Today's Mobox price versus ATH
Compare today's price of Mobox ($0.473214 USD) against its all-time high (ATH) price of $15.44 on December 01, 2021. The closer the bar is to 100%, the closer MBOX is to reaching its ATH again.
Current price: $0.473214
All time high: $15.44
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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