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

Big Bets: The Biggest Gambling Cryptocurrencies of 2024

by Viktoriia Palchik
April 22, 2024
Join Our Newsletter.
Latest News

Big Bets: The Biggest Gambling Cryptocurrencies of 2024

by Viktoriia Palchik
April 22, 2024

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
Markets News Report Technology
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
April 22, 2024
Unibot Unveils Three Growth Initiatives, Outlines Plans For Referral System, Token Buyback, And Rewards
Markets News Report Technology
Unibot Unveils Three Growth Initiatives, Outlines Plans For Referral System, Token Buyback, And Rewards
April 22, 2024
Big Bets: The Biggest Gambling Cryptocurrencies of 2024
Digest Gambling Wiki Technology
Big Bets: The Biggest Gambling Cryptocurrencies of 2024
April 22, 2024
Galxe Community Initiates Vote On Proposal For Token Symbol Change And Contract Migration
Markets News Report Technology
Galxe Community Initiates Vote On Proposal For Token Symbol Change And Contract Migration
April 22, 2024