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- Momo Farm is an assembly place for the gameplay and operations of MOBOX, where players can engage with the activities to earn.
- MBOX/BNB liquidity providers can be staked by the users in MOMO Farmer into MOBOX crates for farming MBOX Tokens.
- MBOX Tokens can be staked by the users as veMBOX, unlocking a broad range of raffle draws every week, where Mystery Boxes can be won.
MOMO Farmer is an all-in-one venue in MOMOverse, where the users are able to interact with primary functions of digital space to generate yield in MOBOX.
There are some prominent ways through which users can increase their profitability in MOMOverse. Are you looking for earning while playing? Well, this article is for you.
Yield Farming
In DeFi, liquidity mining is a mechanism of lending or depositing the delegated token assets as required by DeFi items, with a mining process to offer liquidity for the swap fund pool and receive income, which can be in the form of project’s indigenous token.
On MOBOX, MBOX-BNB Liquidity providers can be deposited to escalate the pool’s liquidity. In return for offering liquidity to the Pool, MBOX airdrop is received by the participants. As this article was being written, an average Annual Percentage Yield was 109.41%.
How To Farm
- Exchange BNB/MBOX
Liquidity Provider Tokens come from liquidity, but before adding liquidity, there must be sufficient MBOX and BNB tokens in the wallet. Tokens can be exchanged simply via MOBOX platform. You just have to follow the procedure below.
- Adding Liquidity
Search for Liquidity in MOMO Farmer and click it. Click to add liquidity and enter the amount of tokens in the pop-up window.
- Depositing Liquidity Provider Tokens
Select Deposit in MOMO Farmer. In the pop-up window, enter the total tokens you want to provide.
- View Annual Percentage Yield
Check My APY, and suggestions to escalate strategy.
- Withdrawal
Users can withdraw their deposited Liquidity Providing tokens or by clicking liquidity, available in MOMO Farmer, click on remove liquidity. After the validation of the wallet is finished, tokens will be sent back to the wallet.
Governance Token veMBOX
veMBOX is a token for voting and is utilized in essential decision making on MOBOX platform for future, and can be attained through staking MBOX. It is utilized to get a mysterious box, to escalate income from liquidity mining, and for governance.
veMBOX can be obtained by clicking the veMBOX booster, and feeding the sum in the pop-up window, and choosing the time span for staking.
The Mystery Box
The Mystery Box is a blind box of NFTs, in a format of BEP-1155 and is equal to the KEY token. A random MOMO can be acquired upon opening the box, similar to the chests in Clash Royale game, where random characters and cards can be obtained upon opening the chests. MEC BOX and MOMO NFT Mystery BOX are a couple of categories of Boxes.
MOMO NFT and Market
MOMO is a type of NFT asset in the MOBOX platform, utilized for mining MOMO and to play games.
A distinct NFT liquidity mining method is created by MOBOX. These are not only virtual art, but have a real-life utility to earn income.
MOMO NFT Marketplace is a decentralized marketplace, where users can trade their assets associated with MOBOX.
The Mining Camp
Mining camp allows the users to browse overall hash power, and the hash power possessed by the user. Mining income can be attained daily through accessing the following.
Source: https://www.mobox.io/home/#/iframe/momo
Every MOMO has arbitrary generated hash power, and can be updated via consumption of other NFTs.
The hash power is measured by summing up all MOMOs hash power.
Total MBOX mined relies upon the weighted average of overall hash power on the platform.
Total MBOX tokens released every day rely upon overall hash power on the platform.
MOMO Farmer is an element of MOBOX where the users can generate income through multiple means, as mentioned in the article.
DISCLAIMER: The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish any financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
