Several Brazilian users of Binance, one of the largest exchanges in the Bitcoin (BTC) and cryptocurrency market, have informed Cointelegraph Brazil that they are receiving the MBOX cryptocurrency for free in their wallets on the exchange.
The free distribution of crypto asset It is part of a partnership between Binance, the team of developers of the protocol that included the cryptoactive in Binance Launchpool, in which among others it is possible to perform yield farming of the cryptocurrency, currently at 70% APY.
Only in the last 30 days MBOX climbed over 400% on the promise of being a great gaming platform with non-fungible tokens (NFT) in the play-to-earn system, equal to Axie Infinity but using the Binance Smart Chain (BSC).
“Binance is pleased to announce Binance Launchpool’s twenty-second project: Mobox (MBOX), a gaming platform combined with automated and optimized DeFi yield farming and gaming NFT to create GameFi,” the company noted.
What is MBOX?
The Mobox protocol is a DeFi farming and gaming NFT platform that operates on the Binance Smart Chain platform. MBOX is the native token of the Mobox protocol.
The main goal of the protocol is for people to freely play NFT games and also earn money for playing. MBOX tokens are used for transaction processing, staking and governance to determine the allocation of resources on the Mobox protocol network.
There are currently 3 games available on the Mobox platform, although according to the developers, another 2 games will be announced soon.
One of the games currently available on the platform is called “Momo Token Master” and has a gameplay very close to Axie Infinity, but unlike Axies, they are needed here “Momos” to play.
The Momos, who are the characters of the NFTs, fight each other and at the end of each fight they gain tokens and experience.
If we look at the evolution of the last days, MBOX price experienced a bull run as it set a new all-time high at $ 5.80 last week. Furthermore, the current price of MBOX stands at USD 8.40, which represents an increase of 20.57% in a 24-hour period.
According to analysts Pickacrypto, Using support / resistance, trend lines, moving averages, and simple indicators like RSI, a reasonably accurate Mobox price forecast can be created 3, 6 and 12 months in advance.
“We think the price could be around the $ 15-35 mark in the coming months,” he said.
Thus, according to him, through current trends, investor sentiment and the general direction of the cryptocurrency market, they highlight that MBOX has a good chance of reaching the $ 15-35 mark in 2021, as long as the trend continues. and the team keep working on their products and partnerships.
However, the team believes that from 2022 to 2025, the price of MBOX will visit the $ 50- $ 300 area as the team continues to develop its products and they are adopted by the target audience.
“This MBOX price forecast is based on multiple data sets and predictive modeling that assume that the current long-term trend driving the MBOX price continues in an upward direction without major setbacks,” he says.