Binance NFT Marketplace Launches Exclusive “MOBOX MOMOverse” Mystery Box Collection with the New NFT Prerequisite Feature via the Subscription Mechanism
The Binance NFT Marketplace is excited to present the MOBOX MOMOverse Mystery Box Collection that will be available for sale exclusively to users who participated in the Binance Mini Program MOBOX events in December 2021 and receive a MOBOX NFT Avatar in their accounts. The launch of the collection will follow the new NFT Prerequisite feature as part of the Subscription Mechanism.
New NFT Prerequisite Feature
With this MOBOX MOMOverse Mystery Box Collection, Binance NFT will be introducing NFT holding as a new prerequisite for the Subscription Mechanism. This brings new use cases and additional value to NFTs, as NFT holders can participate in the latest drops and releases on Binance NFT made exclusively available to them.
What Is MOBOX (MBOX)?
MOBOX is a gaming platform combining automated, optimized DeFi yield farming and gaming NFTs to create GameFi. MBOX is the native utility token of the platform, and is used as in-game currency, and for governance, staking, opening NFT mystery boxes and participating in NFT auctions.
MOBOX MOMOverse Mystery Box
The NFT collection features lovable and unique MOMOs. Each MOMO has a random hashpower with unique attributes that can be used within games. Focusing on NFT interoperability, the MOMOs can be used across all current and future games on the MOBOX platform. The collection will be available exclusively to users who participated in Binance Mini Program MOBOX events in December 2021 and receive a MOBOX NFT Avatar in their accounts.
Each Mystery Box contains one NFT and is priced at 0.001 BNB. The 5,000 NFT Mystery Boxes amount to a total estimated value of $1,000,000 based on the market price as of 2022-02-18 (UTC)). The Mystery Boxes consist of NFTs in 6 different rarity levels: Common, Uncommon, Unique, Rare, Epic and Legendary.
This exclusive Mystery Box collection sale includes only 1 Legendary MOMO NFT with an estimated value of $250,000, 3 Epic MOMO NFTs each with an estimated value of $7,000, and 146 Rare MOMO NFTs each with an estimated value of $1,700. As part of this exclusive sale, the user who unboxes the limited edition Legendary MOMO NFT Mystery Box, will also receive a physical version of the Legendary MOMO “Goldorian Smart Chainadore”.
NFT Avatar Airdrop for MOBOX Binance Mini Program Users
Prior to the start of the MOBOX MOMOverse Mystery Box Collection sale on 2022-02-23 00:00 (UTC), a MOBOX NFT Avatar will be airdropped by 2022-02-22 00:00 (UTC) to users who participated in the Binance Mini Program MOBOX events in December 2021. The MOBOX NFT Avatar giveaway is to show appreciation for users who participated in the Binance Mini Program MOBOX events and continue to trade NFTs on Binance NFT.
Eligible users will need to login with the same email addresses used for registering for the MOBOX Binance Mini Program to view the MOBOX NFT Avatar under the Assets section in the NFT User Center on Binance NFT.
Users are required to lock the MOBOX NFT Avatar under the NFT Prerequisite on the MOBOX MOMOverse sale page during the Preparation Phase of the Subscription Mechanism to participate in the MOBOX MOMOverse sale.
Subscription Mechanism Timeline and Details
1. Preparation Phase — 2022-02-23 00:00 (UTC) to 2022-02-27 02:00 (UTC)
Users are required to fulfill the NFT Prerequisite by locking the MOBOX NFT Avatar specified on the MOBOX MOMOverse sale page during the Preparation Phase, to be qualified to participate in the corresponding NFT primary sale.
2. Subscription Phase — 2022-02-27 02:00 (UTC) to 2022-03-01 09:00 (UTC)
Qualified users will proceed to the subscription, where they will be allocated participation tickets to join the sale. Each qualified user will receive 1 participation ticket, as determined by the corresponding NFT primary sale.
During this phase, users are required to submit the participation ticket to the sale, by clicking [Subscribe for Ticket(s)]. Only users who subscribe will be qualified to participate in the sale.
After users subscribe to the NFT primary sale, all participation tickets that have been committed will enter a pool, where all committed tickets have a fair chance of winning. Each committed participation ticket will mean that 0.001 BNB token will be locked, which will only be refunded at the end of the Distribution Phase. Please note that users can only use the available BNB token balance in their spot wallets to complete the subscription, hence users should ensure that they have sufficient BNB tokens in their spot wallets before the subscription.
3. Calculation Phase — 2022-03-01 09:00 (UTC) to 2022-03-01 12:00 (UTC)
The system will select winning tickets from all committed participation tickets in a fair and random manner. A winning ticket allows the user to purchase an NFT in the NFT primary sale.
4. Distribution Phase — 2022-03-01 12:00 (UTC)
Users who hold winning participation tickets will be able to purchase the NFT(s) in the NFT primary sale and the BNB tokens equivalent will be deducted accordingly. Users who do not hold winning participation tickets will have their BNB tokens automatically returned to their spot wallets.
Learn More About Binance NFT Marketplace:
- How to Find Your NFT Contract Address
- How to Get Started with the Binance NFT Marketplace
- How to Buy an NFT on Binance NFT Marketplace
- How to Sell an NFT on Binance NFT Marketplace
- How to Deposit NFT on Binance
- Find Out More About NFT Mystery Box Collection
Terms & Conditions:
- Each account is limited to a maximum purchase of 1 Mystery Box. The MOBOX MOMOverse Mystery Boxes can be listed on Binance NFT’s secondary market at 2022-03-01 12:00 (UTC).
- At the moment, the MOBOX NFT Avatars cannot be traded nor listed on Binance NFT’s secondary market, and cannot be withdrawn from Binance. However, Binance NFT might release new utilities for the MOBOX NFT Avatars at a later stage.
- The physical version of the Legendary MOMO will be sent out to the winner by 2022-03-03 (UTC).
- Users can find their Mystery Boxes via Binance NFT Marketplace > User Center > Mystery Box.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.