GameFi platform MOBOX recorded a surge in new active wallets following the announcement that it is launching on the Binance Launchpool. The community welcomed this news with enthusiasm as the platform recorded 170% more users 24 hrs after dropping the news on August 20.
MOBOX is a free-to-play GameFi ecosystem that runs on the Binance Smart Chain. Basically, it allows players to mine NFTs by staking cryptocurrency. Then, they can use the NFTS to play and earn across multiple games on the platform and get rewarded with the governance token.
The platform currently offers Yield Farm, NFT Marketplace and NFT Staking. That’s why joining the Binance Launch Pool is a big boost to their services.
Binance Launchpool Announcement
In terms of commercial benefits, Binance Launchpool will allow users to stake their $MBOX tokens. This means that users can stake their $BNB, $MBOX and $BUSD into separate pools to farm $MBOX tokens over 30 days. Aside from expanding their services, this is also a big marketing push for the platform. Since this is one of the largest initiatives of the Binance Ecosystem, MOBOX will be promoted to the existing users of the blockchain.
MOBOX also supported the announcement with tactical initiatives such as the raffle for unique MOMO NFTs. As predicted, as the deadline for signing up approaches, users are on a mad dash to join the platform and participate. With only a couple of days left, players are eager to try out their luck and win an NFT character.
The good news is that the growth and rise of the platform are not just anchored on the announcement. In fact, the platform has been steadily rising in the past few days. However, the past 24 hours after the big news led to a spike across all metrics.
$MBOX Token
Another reason why MOBOX users are on Cloud 9 is because of the launch of the native MBOX token on Binance Launchpool. Apart from lifting the community in high spirits, it also triggered the overall rise of activity on the platform. In effect, $MBOX gained more than 50% in valuation.
The token was pegged around $2 for the past seven days but it hit an all-time high of $5.47. As of press time, the price is $3.96, according to CoinGecko. Clearly, the users are rallying behind the platform. Another factor that drove the price up is the raffle, as players need MBOX tokens to participate.
Good Match: Binance and MOBOX
The four-month-old platform is nailing the gaming and DeFi combination with a total locked value of almost $289 Million. With its product suite, it has become one of the most popular Binance Smart Chain play-to-earn platforms. MOBOX ranks third among gaming platforms on BSC and fifth across all chains monitored by DappRadar.
The relationship between MOBOX and Binance started last month. MOBOX launched its Mystery Box NFTs on the platform and all 23,500 boxes were sold out in just 2 seconds.
BSC also recognized MOBOX as one of the top 10 projects in the “Most Valuable Builder II.” So this new phase can be seen as an evolution of the relationship. In addition, one of the benefits of being part of MVP is potential direct investment opportunities from Binance Exchange.
If you want to explore the platform, you can get started on their website.
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