New Beginning: MOBOX Revitalizes Buyback and Burn Plan

The field of blockchain gaming is constantly evolving, and projects in particular need to be adaptable and innovative. Since the establishment of MOBOX, the team has been firmly committed to giving back to the community for its continued support and working hard to cultivate a prosperous Web3 game ecosystem.

As of now, a total of 46, 925, 433 $MBOX tokens have passed MOBOX’s"Automatic buyback and burning"The mechanism is destroyed. This mechanism is the basis of MOBOX operation and aims to promote the growth and vitality of the MOBOX ecosystem. However, after careful evaluation and rigorous analysis of historical data, it became increasingly clear to the team that existing"Automatic buyback and burning"The mechanism no longer meets the vision and goals of MOBOX development.

To achieve a more dynamic and real-time strategy, aspreviously announcedYes, MOBOX has launched a new upgraded buyback and burning plan. This major change will bring the following key improvements:

1. Multi-platform integration:The new plan will be implemented on both Binance (centralized exchange) and PancakeSwap (decentralized exchange) platforms to flexibly adapt to changing market conditions, ensure the sustainability of asset values, and fully deploy available resources.

2. Dynamic allocation:The allocation strategy of buyback funds will be determined based on the liquidity depth of the two platforms, and will usually be allocated in a ratio of approximately 6:1 between Binance and Pancake, aiming to ensure the best balance and benefits.

3. Unprecedented transparency and openness:The highest standards of transparency are set in managing the repo fund.

- Real-time display of the balance of repurchase funds off-chain (Binance) and on-chain, which can be queried through the MOBOX official website.

- The real-time API connection between MOBOX and Binance accounts ensures real-time accuracy of buyback balances on Binance.com, which allows the MOBOX community to independently verify balances at any time.

- Every 6 months, MOBOX will execute a detailed Binance balance withdrawal statement to reiterate MOBOXs commitment to transparency and the security of repurchase funds.

The community has always been at the core of MOBOX’s journey, and as MOBOX begins a new chapter, the team would like to express its gratitude to the community for their trust. The new buyback and burn program demonstrates MOBOX’s firm commitment to continuously adapting, developing and improving the experience.