The partnership will boost liquidity across the two platforms, whilst rewarding their user communities with incentives.
The two BSC NFT giants, ApeSwap and MOBOX, have announced a collaboration. On June 16th, MOBOX outlined the strategic partnership in a blog. The partnership aims to improve inter-platform liquidity cooperation and deliver incentives to both user-communities.
Details About The Partnership
Users of both MOBOX and ApeSwap will be able to earn ApeSwap’s native token, $BANANA. The breakdown for each platform is as follows:
A total of 139,600 BANANAs valued at around $300,000 will be available for mining on MOBOX. To earn $BANANAs, users need to stake MOMO NFTs on the MOBOX platform. The mining is for a limited time and begins today, Friday 18th June. Here is a guide on how to obtain MOMO NFTs. To learn about how to stake on MOBOX, see this tutorial. MOBOX has also vaguely stated it will create 5 legendary NFT’s for ApeSwap that will be used in both ecosystems, with further details to come.
ApeSwap has created a farm for MOBOX’s platform token, the MBOX. The farm is for the MBOX-BNB liquidity pair and is already live. Users who provide assets to the liquidity pool will receive $BANANA rewards.
Decentralised Finance will grow more when there is a cooperation between different platforms rather than working at cross purposes. The partnership between ApeSwap and MOBOX will mutually strengthen both platforms by creating a channel for cross-platform flow of liquidity. Users of both platforms are not left out as they will receive enticing $BANANA rewards.
What is ApeSwap?
ApeSwap and MOBOX have both been successful DeFi platforms on the Binance Smart Chain. ApeSwap recently broke into the top-ranked BSC DEXes within three months of its launch. ApeSwap’s version of Non-Fungible Tokens (NFT), uniquely called Non-Fungible Apes (NFA), have also thrived well. The rare Apes are always scooped up within minutes of going on sale.
For more information about ApeSwap, visit the following official links
What is MOBOX?
MOBOX has also had immense success in the DeFi NFT-space. MOBOX is a blend of NFTs, yield-farming and gaming. Whether a user wants to play games, collect NFTs or yield-farm, the MOBOX platform caters to every user’s need. The platform’s MOMO NFT witnessed sales of more than $25,000,000 in its first month after launch. Very few platforms can boast of such a figure.
Source : bsc.news
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