MBOX serves as the core utility token for the following purposes:
How many MBOX coins are currently in circulation?
The MOBOX platform was launched in a fair manner on April 6, 2021, without any pre-seed, pre-sale, or pre-TVL fundraising, and it introduced a total of 1 billion tokens into the market. Of these, 51% are generated by the community, 21% are allocated for community contributors, 8% go to strategic partners, and the remaining 20% are reserved for the team. The MBOX token release is spread over five years, with 400 million distributed in the first year and decreasing amounts in each subsequent year. Additionally, 80% of the platform fees are used to burn MBOX tokens through an exclusive smart contract that automatically triggers buyback and burning processes.
Who founded the MOBOX Protocol?
The creators of MOBOX have been involved in the decentralized application sector since 2018. They bring extensive expertise in developing smart contracts, having managed over $4 billion through their Dapps.
The team is international, fostering communities around the world. Their previous Dapp became notably the first gaming Dapp to be featured on Binance Launchpad.
Where can I purchase MBOX tokens?
You can acquire MBOX tokens on Binance: [https://www.binance.com/en/price/mobox](https://www.binance.com/en/price/mobox)
Alternatively, purchase them on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap](https://exchange.pancakeswap.finance/#/swap)
Or through their Pancake Swap integration on the MOBOX website: [https://mobox.io/#/iframe/momo](https://mobox.io/#/iframe/momo)
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