Binance is excited to announce the 22nd project on Binance Launchpool – Mobox (MBOX), a gaming platform combining automated optimized DeFi yield farming and gaming NFTs to create GameFi.
Users will be able to stake their BNB, MBOX and BUSD into separate pools to farm MBOX tokens over 30 days, with farming starting from 2021-08-20 00:00 AM (UTC).
MBOX Launchpool Details:
- Token Name: Mobox (MBOX）
- Total Supply: 1,000,000,000 MBOX
- Circulating Supply: 37,333,406 (3.73% of total supply）
- Launchpool Supply: 3,000,000 MBOX
- Research Report: Mobox (MBOX)
- Block Explorer: MBOX BEP-20 Block Explorer
- Staking Terms: No upper limit. No KYC required
- Stake BNB: 2,100,000 MBOX in rewards (70%)
- Stake MBOX: 600,000 MBOX in rewards (20%）
- Stake BUSD: 300,000 MBOX in rewards (10%)
- Farming Period: 2021-08-20 00:00 AM (UTC) to 2021-09-18 11:59 PM (UTC).
MBOX Farming Distribution
|Dates (00:00:00 – 23:59:59 UTC each day)||Total Daily Rewards (MBOX)||BNB Pool Daily Rewards (MBOX)||MBOX Pool Daily Rewards (MBOX)||BUSD Pool Daily Rewards (MBOX)|
|2021-08-20 – 2021-09-18||100,000||70,000||20,000||10,000|
Read about Mobox (MBOX) in our research report here.
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
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