MOBOX

Halal Rating :
Questionable
Last Price $0.18 Last updated:
Rank 520
1D Change -5.20 %
Market Cap $69.93m
Circulating supply 395,695,721
Maximum supply 550,322,467

Crypto Overview

Categories
  • Collectibles & NFTs
  • DeFi
  • Gaming
  • Yield Farming
  • Binance Launchpool
  • Metaverse
  • Play To Earn
  • BNB Chain

Project Overview

MOBOX is a blockchain gaming platform that combines DeFi yield farming with gaming NFTs to create a free-to-play and play-to-earn ecosystem. The platform operates on the BNB Chain (formerly Binance Smart Chain) and uses MBOX as its native utility token.

Intended Utility

The MBOX token serves multiple purposes within the MOBOX ecosystem: governance rights for protocol decisions, staking rewards, NFT trading fees, and in-game currency for the MOBOX gaming metaverse called MOMOverse.

Actual Utility Assessment

The platform demonstrates active usage with over 100,000 daily active users across its gaming ecosystem. The MBOX token shows consistent trading volume and active participation in governance decisions. The development team maintains regular updates and has established partnerships with major blockchain gaming entities.

Token Distribution and Governance

The initial token distribution allocated 20% to the team and advisors with a 2-year vesting period, 30% for ecosystem development, 20% for mining rewards, and 30% for community incentives. The vesting schedule appears reasonable and designed to prevent dump scenarios.

Development vs Marketing

The project maintains a balanced approach between development and marketing efforts. Regular technical updates, new game launches, and ecosystem expansions indicate substantial development focus rather than pure marketing hype.

Revenue Model Analysis

MOBOX generates revenue through NFT marketplace fees, gaming transactions, and platform services. While it includes staking mechanisms, these operate through reward distribution rather than interest-bearing mechanisms.

Crypto Impact

To assign a comfort level investing in MOBOX from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MOBOX.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating