A gaming-focused metaverse coin rallied explosively following the announcement of its integration with the Binance ecosystem, the world’s largest cryptocurrency exchange. Cryptocoin. com we share the details…
Metaverse coin launches on BSC
Mobox (MBOX) is part of the GameFi industry, which is a combination of gaming and decentralized finance (DeFi). Crypto project is a gaming platform that combines yield farming with NFTs to create a play-to-win (P2E) ecosystem. It aims to connect each metaverse via NFTs and enable NFT interoperability between different games and platforms. Recently, Mobox announced that it will launch its metaverse called MOMOverse on Binance Smart Chain (BSC). BSC is a blockchain launched by crypto exchange Binance as a cheaper alternative to the Ethereum network and is also compatible with the Ethereum Virtual Machine (EVM).
According to the announcement, users can create their own avatars representing themselves in the MOMOverse, giving them the ability to mine MBOX, the native token of Mobox. Users will also be able to stake MBOX to earn rewards called “Mystery Boxes”. The announcement includes the following statements:
In exchange for staking MBOX users will be rewarded with Mystery Boxes that can be unlocked to reveal their MOMO NFT… Exciting isn’t it? MOMOs emerging from mystery boxes will mine the MBOX token! MOMOs will increase node hashpower so you can mine more MBOX tokens!
Following the announcement, MBOX rose from around $6.45 and continued to climb as high as $15.38 before pulling back. It made a 138 percent gain in one day. At the time of writing, MBOX is trading at $11.21, up 167% over the past 30 days, down nearly 30 percent from its all-time high.