What is MixMob? The New GameFi in 2024

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6 Feb 2024

1. WHAT IS MIXMOB?

MixMob is a play-to-earn game built on the Solana blockchain. In the game, players take on the role of a MixMob, a masked character that is part of a resistance movement fighting against an evil AI that has taken over the world. Players can earn MXM tokens by playing the game, completing quests, and participating in battles.

1.1. MixMob Price

At the time of writing, the current price of MixMob token is $0.07 per token, with a market cap of over $10.32 million. The token has a limited supply of 1 billion tokens. This scarcity could potentially drive up the token's value as demand increases.

MixMob Chart | Source: Klarda App

CHECK THE PRICE OF MIXMOB

1.2. MixMob Tokenomics

Token Name: MixMob
Ticker: MXM
Blockchain: Solana
Token Standard: SPL
Token Contract: 0x9221d120F8997B53740E170F8AcCAA00CD184E3C
Total Supply: 1,000,000,000
Circulating Supply: 146,710,000

1.3. MixMob Allocation

The total supply of MXM tokens is capped at a staggering 1 billion. These tokens are allocated across various segments:

30% for Investors: This allocation provides funding and support for the development of the MixMob metaverse and its underlying technology.
20% for the MixMob Team: This allocation rewards and incentivizes the core team for their dedication and long-term commitment to the project.
20% for the Treasury: This allocation serves as a reserve fund for future development, strategic initiatives, and unforeseen expenses.
5% for the Ecosystem Fund: This allocation supports the growth and expansion of the MixMob ecosystem by funding partnerships, community initiatives, and developer tools.
15% for the Incentive Plan: This allocation incentivizes active participation in the MixMob metaverse through gameplay rewards, staking rewards, and other engagement initiatives.
4% for Liquidity: This allocation ensures sufficient liquidity on decentralized exchanges, facilitating smooth trading and price discovery for MXM tokens.
6% for Public Sale: This allocation provides an opportunity for the general public to participate in the MixMob metaverse by purchasing MXM tokens through public offerings

2. HOW DOES MIXMOB WORK?

After we know what is MixMob, we will delve into how it works. MXM serves as the utility token within the MixMob metaverse, playing a central role in both phases of the game: the card-based strategy game and the MMO battle royale. Here's how MXM works:
In-game Currency:

Purchases: Use MXM to purchase NFTs, in-game upgrades, and participate in battles. This fuels the play-to-earn model, allowing players to earn and spend tokens within the game's economy.
Rewards: Earn MXM through gameplay, quests, and referrals. This incentivizes active participation and rewards skilled players.

Governance:

Staking: Lock your MXM tokens to earn additional tokens and gain voting rights on proposals and game development decisions. This allows the community to shape the future of the metaverse.

Marketplace:

Trading: Use MXM to buy and sell NFTs and in-game items on the MixMob marketplace. This fosters a player-driven economy and allows players to acquire valuable assets.

Additional Functions:

AirDrops & Exclusive Rewards: Holding MXM tokens might grant access to exclusive airdrops and rewards, further incentivizing long-term token ownership.
DAO Membership: Depending on the token holdings, certain tiers might offer special access to the MixMob DAO, participating in governance decisions at a deeper level.

3. MIXMOB ECOSYSTEM

The MixMob ecosystem is a complex and interconnected environment built around the MXM token and encompassing various elements that contribute to the overall experience and value proposition. Here's a breakdown of the key components:

MXM Token: The native utility token powering the entire ecosystem. Used for in-game purchases, rewards, staking, governance participation, and marketplace transactions.
Play-to-Earn Model: Players can earn MXM through various gameplay activities, incentivizing participation and creating a self-sustaining economy.
NFT Marketplace: Players can buy, sell, and trade NFT-based MixBots, avatars, and other in-game items using MXM, fostering a player-driven economy and asset ownership.

Community and Governance:

MixMob DAO: A decentralized autonomous organization allowing token holders to participate in decision-making regarding the game's development and future direction.
Community Initiatives: MixMob actively engages with its community through various channels, encouraging user-generated content, feedback, and collaboration.

4. INVESTOR OF MIXMOB

MixMob, a Solana-powered metaverse game on Remix Culture that combines play-to-earn and user-generated content, has raised $7 million in seed funding round. The investment was led by Defiance Capital, a crypto-asset fund focused on DeFi.
Famous Funds participating:

Defiance Capital: One of the largest venture capital funds in the field of GameFi and DeFi in the market, Trader Joe, Immutable X, Multichain or Lido are all in the Fund's portfolio.
Not3Lau Capital: Investment fund of the three Lau brothers, one of the veteran groups of DeFi. This fund has invested 4 times in projects, most of which are in the seed stage.

Investors of Mixmob | Source: Gameverse

5. SHOULD I BUY MXM TOKEN?

Before buying MXM token, as with any other investment, conduct your research and determine your risk tolerance. While it has great features and potential, it is still a new project, and risks are always there in the crypto market. It is critical to diversify your portfolio and avoid investing more than you can afford to lose.
Klarda Indexes determine if a coin is worth investing in or not. Klarda will also keep users up to date on MXM token-related news and social media posts to assist them make informed investing decisions.

Klarda Indexes

MixMob Rank

Fundamental Score
26.47
Technical Score
18.89
Security Score
93.92
Liquidity Score
6.27
Social Score
5.71
DEX Score
26.47
The security index is the highest of the remaining indexes, indicating that this is one of the projects to respect. Nonetheless, news has a significant impact on crypto investments. As a result, to implement effective methods, information about MixMob token must be updated regularly.