MOBOX ($MBOX) joined the farming frenzy on Binance Launchpool! It was a long time since Klaytn ($KLAY) Launchpool finished and few good weeks since the Coin98 ($C98) Launchpad.
I like Launchpads more as the earnings are bigger and commitment is shorter. For the Coin98 I committed my full BNB stash and received 470.74 $C98 tokens, for which I paid 0.1178 BNB on the day. The amount of BNB was less than $35 and the profit from the Launchpad was 15x the investment because I sold them all for $506 worth of Binance Coin (BNB).
I explained the Launchpool mechanism in the Binance - Earning Opportunities article and the MOBOX campaign makes no difference. Binance account is required to earn $MBOX but KYC is not mandatory. The $MBOX farming will last for thirty days and 3,000,000 tokens will be distributed.
What is MOBOX?
MOBOX is a hybrid blockchain platform that combines yield farming and NFT farming into a free play2earn metaverse. The project vision is to use NFTs interoperability and connection across multiple platforms, games and ecosystems. The MOBOX aim is to increase NFTs utility and create a real-time and real-life utility for Non-Fungible tokens. The ecosystem is powered by the $MBOX token, minted with 1,000,000,000 maximum token supply.
The $MBOX token is used for governance, liquidity mining and as in-game currency for buying additional characters, spins for the lottery wheel, and in-game boosts for PVP rewards. The tokens can be also staked for a chance to obtain unique MOMO NFT Mystery Boxes or to trade/ borrow or lend NFTs.
The $MBOX token is minted on the Binance Smart Chain (BSC) with no pre-sale, no investors and no pre-mine. The total token supply will be reached through platform activity, across various features such as yield farming, MOMO NFT staking and games.
Farming pools and Launchpool details There are 3,000,000 MBOX tokens allocated to the Launchpool, shared through three different pools, over 30 days. Binance users can stake Binance Coin (BNB), Binance USD (BUSD) and Mobox (MBOX) to farm $MBOX, between 20th of August and 18th of September. The majority of the tokens will be shared between the Binance users that staked BNB, with 70% of the tokens being allocated into the Binance Coin pool. The MBOX pool will share 20% of the reward (600,000 tokens) and the remaining 300,000 MBOX will be shared in the BUSD pool. The farming rate will be constant throughout the campaign, with no boosting period.
How to farm MBOX efficiently? For this campaign I took the BNB out of the vault, even if the reward is similar. This move was made so I can claim the MBOX reward daily and stake it in the MBOX pool while the APY is still high. The reward for BNB kept in the Vault is allocated on a daily basis. I staked all my BNB stash before the official start of the farming period to make sure I get few hours of power-farming, until most of the holders will stake their assets. When I woke up in the morning I claimed my first $MBOX rewards.
The 0.2091 MBOX I claimed went straight into the MBOX pool to earn some shares. I will keep claiming the rewards and adding them into the pool, boosting the MBOX farming rate. This pool has the biggest APY, currently at 135%.
Claimed the rewards again in the evening, to have an estimated daily farming rate. Now all the three pools are earning rewards and the farming rate should stay stable for few days. Are you putting your assets to work?
Project Links
Website: https://www.mobox.io
Whitepaper: https://faqen.mobox.io
Telegram: https://t.me/mobox_io
GitHub: https://github.com/moboxio/
Twitter: https://twitter.com/mobox_official
Resources:
Binance - create a new account
Binance - Earning Opportunities
I successfully participated in the Coin98 (C98) sale on Binance Launchpad
Resources:
Join the CakeDeFi revolution and get $30 worth of DeFiChain (DFI)
Amazon author page: PV Mihalache
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UwU, my Bnb is still on Bnb Vault that's why I have that too. Though it's only hmmm ahahaha.