News Report Technology
November 27, 2023

MOBOX Partners with ReadOn to Foster Web3 Gaming Community

In Brief

MOBOX recently announced a partnership with ReadOn that will focus on creating a robust Web3 gaming content community.

MOBOX Partners with ReadOnMe3 to Foster Web3 Gaming Community

MOBOX has announced a partnership with ReadOn to establish a robust Web3 gaming content community. This collaboration kicked off with the launch of Topic Raffle Season 3, featuring an unprecedented prize pool.

The partnership aligns with MOBOX’s ongoing efforts to adapt and grow within the blockchain gaming sector, including significant changes to its buyback and burn program. The synergy between MOBOX and ReadOn marks the beginning of a concerted effort to strengthen the Web3 gaming cosmos.

As their first collaborative effort, Topic Raffle Season 3 is set to galvanize the community with its unique offering. Its a strategic move by MOBOX to expand its influence and presence in the burgeoning field of Web3 gaming.

MOBOX’s Buyback and Burn Program

In response to the current dynamic blockchain gaming environment, MOBOX is revamping its buyback and burn program.

Initially, the program involved an automatic buyback and burn mechanism, leading to the burning of 46,925,433 $MBOX Tokens. However, MOBOX’s recent strategy shift reflects a need to realign the program with the company’s evolving objectives.

MOBOX’s updated buyback program will now operate across both Binance (CEX) and PancakeSwap (DEX). This move aims to cater to the changing demands of the market and reinforce the stability of the asset’s intrinsic value.

Additionally, the company will modify its allocation strategy for buyback funds, focusing on liquidity depth on both platforms, with a preference for Binance.

MOBOX’s partnership with ReadOn, coupled with its modified buyback and burn program, highlights the company’s adaptive strategies in the evolving blockchain gaming sector. These initiatives aim to strengthen the platform’s position in the Web3 gaming community, to ensure the long-term stability and growth of its digital assets.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

More articles
Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Reactive Network Makes Smart Contracts Truly Reactive
Interview Markets Software Technology
Reactive Network Makes Smart Contracts Truly Reactive
July 11, 2025
The Future Of Bitcoin: Investment, Mining, And Environmental Impact – 2025 Outlook
Markets News Report Technology
The Future Of Bitcoin: Investment, Mining, And Environmental Impact – 2025 Outlook
July 11, 2025
From Dubai Pay to Post Malone: Crypto Brand Collaborations of Mid-July 2025
Digest Business Markets Technology
From Dubai Pay to Post Malone: Crypto Brand Collaborations of Mid-July 2025
July 11, 2025
SOON Foundation Announces Comprehensive Recovery Plan In Response To SOON Price Manipulation Incident
News Report Technology
SOON Foundation Announces Comprehensive Recovery Plan In Response To SOON Price Manipulation Incident
July 11, 2025