MARBLEX (MBX): Introducing Users to the World of GameFi

Do you love both video games and decentralized finance (DeFi)? If you're interested in the ways DeFi concepts can interact with video games, MARBLEX is a fascinating project to explore. This crypto system has the potential to add blockchain concepts to a lot of popular games. However, it's still a relatively new project that has a lot of development in store. Keep reading to learn more about MARBLEX and decide whether it's a smart investment for you.

Key Takeaways:

• MARBLEX is a gaming blockchain ecosystem that links Netmarble games with blockchain concepts. Users can buy NFTs, stake tokens and exchange cryptocurrencies.
• Bybit now offers the MBX/USDT Spot trading pair. Read on to find out more about the project — and how you can trade its Spot trading pair on Bybit.

What Is MARBLEX?

Netmarble’s exciting new project, MARBLEX, consists of a blockchain platform that links Netmarble games with blockchain concepts. Within the MARBLEX ecosystem, gamers can buy NFTs, stake tokens and exchange cryptocurrencies. They can also earn in-game crypto rewards and spend crypto to get perks in the game. Games currently supported on MARBLEX include A3: Still Alive; Ni no Kuni: Cross Worlds; and The King of Fighters ARENA.

What Is MBX?

MBX is the public token used for the MARBLEX system. This utility token is used to play games and trade with other players. People can turn MBX into game tokens that they use during gameplay, or use their MBX to buy items in the marketplace. MBX is also used externally: players can transfer it outside of the MARBLEX ecosystem and buy, sell or exchange it as with most traditional cryptocurrencies.

What Is MBXL?

MBXL is a bridge token that helps the MARBLEX ecosystem run smoothly. This linking token lets players convert in-game tokens into MBX tokens with real-world value. MBXL is a private token, and only exists within the MARBLEX ecosystem.

History of MARBLEX

MARBLEX's gaming ecosystem was developed by Netmarble, a South Korea–based company. Founded in 2000 by Bang Jun-hyuk, Netmarble is one of the world's largest mobile gaming companies It’s known for producing mobile games for Disney, and running a metaverse company that manages virtual K-pop idols.

MARBLEX was launched in 2022 as a collaboration between Netmarble and Klaytn’s open-source public blockchain. The game company was inspired by a desire to discover new ways to bring exciting games to interested users. MARBLEX’s white paper emphasizes the company’s belief in blockchains and games as "mutually complementary" structures that can offer gamers attractive features while generating profit.

What Does MARBLEX Aim to Achieve?

MARBLEX aims to explore new applications for blockchain technology. Their project hopes to take Netmarble's previous success in the mobile gaming industry and apply it to the DeFi world. The company believes that MARBLEX will allow mobile-style games to still flourish even as blockchains become more popular.

Netmarble's plan is all about unification. They’re attempting to incorporate several different popular concepts into one united ecosystem, so users can enjoy multiple convenient services without having to hop between different sites and systems. Fundamentally, their goal is to become involved in both cryptocurrency and NFTs while still appealing to gamers.

The company hopes to stand out from other play-to-earn games and gamified cryptos by offering a high-quality, convenient user interface. Instead of rushing to throw out a lot of different confusing features, the company is taking its time and working to perfect each new addition to the MARBLEX ecosystem.

How Does MARBLEX Work?

This gaming ecosystem uses both app-based and web-based systems that run on the Klaytn blockchain. A complex blend of various mechanics helps to keep the ecosystem running smoothly.

MARBLEX Playground

The PlayGround is the ecosystem's most popular feature. It functions by offering a broad range of games to players. Once you enter the PlayGround, you can browse a variety of games and install them on your computer or phone. The same Netmarble account can be used across multiple games, linking your MBX to multiple games in the PlayGround.

Game Tokens

Each game has its own unique set of tokens that can all be converted to MBX at their own specified conversion rate. Netmarble uses unique tokens for each game to allow for more diversity. Publishers can craft token reward systems that suit their own specific game design and guidelines. Furthermore, using separate tokens for each game ensures that leading games can’t entirely dominate and manipulate MBX prices.

Features of MARBLEX

Though PlayGround is MARBLEX's main feature, it's not the ecosystem's only offering. Netmarble also provides a variety of other DeFi features via their blockchain game company.

MBX Wallet

The MBX Wallet provides a secure place for players to store all their tokens. Your game tokens are already connected to your account, but once you link the MBX Wallet to your gaming account, you can convert game tokens to real-world crypto. In addition to storing crypto, the wallet also lets you transfer funds between various MARBLEX services. You can download the MBX Wallet on the Apple App Store or the Google Play Store.

MBX Explorer

MBX Explorer is a feature that improves transparency within the system, allowing you to view all transactions that occur. Explorer makes it easy to look at various NFTs, tokens and blocks. Users can browse through recent items, or search based on specific account addresses and block numbers.

MARBLEX Launchpad

MARBLEX Launchpad gives you access to brand-new NFTs, working as an initial NFT offering and integrating events with the blockchain games. Additionally, users can complete various missions to potentially win new NFTs.

MBX Marketplace

MBX Marketplace is the ideal spot to trade MARBLEX products. Users can list various NFTs for sale, or purchase NFTs they want to own. Though some people use the MBX Marketplace to invest in NFTs, it's also popular among gamers. The objects for sale there can often boost your performance in various games.

MBX Swap

MBX Swap is an interface that helps users transfer in-game items into real-world crypto. Through MBX Swap, you can exchange game tokens for MBX and vice versa. Tokens within the Swap’s liquidity pools also let users earn interest on their savings without having to lock their assets.

MARBLEX Membership

The MARBLEX Membership program (called "Marblership”) offers special features to people who sign up. This program is limited to a certain number of people, and those who enlist can mine MBX and access unique game coupons.

Staking

The MARBLEX system offers staking services for both MBX tokens and NFTs.Any product that you stake through this interface is locked for a set amount of time. During the staking period, you can earn EXP, used to level up your NFTs, or choose to earn interest on your tokens.

MBXL Staking

Users are allowed to stake up to 50,000 MBXL. In order to participate in staking, you first need to create your MBX Wallet. Once you have a wallet, you can click on the staking function and input the number of tokens you want to stake. Basic rewards will be doled out every five days, and if you stake your MBXL tokens for more than 90 days, you’ll earn more rewards.

Game Token Staking

Game token staking is done via a Season system. Each Season consists of a nine-day pre-staking period and an eight-week staking period. In the “off-season,” you collect rewards. Game token staking uses the MBX Wallet, and rewards are offered in MBXL. MARBLEX is currently holding its Season 4 game token staking till May 22, 2023.

MARBLEX Road Map

The MARBLEX game company's road map includes three separate stages. They began with MARBLEX 1.0, which consisted of developing the MBX token and getting the platform up and running with A3: Still Alive and Ni no Kuni: Cross Worlds as their first games.

Once things were running smoothly, they progressed to MARBLEX 2.0. This stage added King of Fighters to the gaming platform and implemented many new DeFi concepts. The MARBLEX 2.0 ecosystem added the Dex 2.0 SWAP Service to easily exchange tokens, the NFT Marketplace and their Marblership membership program.

The company is now working on MARBLEX 3.0, a new stage of the road map that’s all about multi-chain technology. On Apr 19, 2023, they plan to launch their Meta World: My City event. This metaverse gaming system lets people build their own locations and connect with players within the metaworld. After this launch, MARBLEX hopes to complete its 2.0 stage with the release of RF Project, a sci-fi MMORPG.

MBX Tokenomics

MBX is the utility token for the entire MARBLEX ecosystem. Everyone from game publishers to developers and users needs MBX to complete their transactions and cash out their rewards. The MBX token is a Klaytn Compatible Token, built on the Istanbul BFT consensus algorithm.

MBX is designed to be as sustainable and reliable a cryptocurrency as possible. By only working with quality publishers, MARBLEX ensures they maintain user trust and interest. To boost circulation, a portion of all game sales is distributed as user rewards, and another portion is reinvested into MARBLEX services. MBX is given as a reward for staking tokens, while MARBLEX also has a program to buy back and burn MBX. These measures help to halt inflation and keep stimulating the market.

MBX has a maximum circulating supply of 1 billion tokens. These tokens are distributed as follows:

• Ecosystem & Community: 75%
• Token Sale: 10%
• Team: 10%
• Marketing: 5%

Of the 75% of tokens reserved for the ecosystem and community, 50% are allocated to the community fund, 40% to the ecosystem fund and 10% to others.

After the implementation of token burning, MBX now has a total supply of 999.9 million tokens and a circulating supply of 51 million tokens. At its current price of $2.28 per token (as of Apr 19, 2023), MBX's market cap is $118 million, and its fully diluted valuation is $2.3 billion.

MBX Price Prediction

MBX has undergone a lot of shifts in price over the years. It launched in May 2022 at $16.25, and reached an all-time high of $20.74 on Jun 30, 2022. Since then, prices have gradually declined, though it did have some notable spikes in August 2022 and March 2023.

Crypto analysts believe that MBX is currently trending upward again. CoinCodex predicts that the coin’s value may exceed $3 by May 2023. Long-term predictions also remain high, as DigitalCoinPrice forecasts that MBX may be at $5.71 by the end of 2023, and reach over $9 by the end of 2025. MBX’s price is then expected to rise to $14.28 by 2028 and $27.10 by 2030.

Where to Buy MBX

Looking to trade MBX? Look no further, as Bybit now offers the MBX/USDT Spot trading pair. Simply sign up for a Bybit account, fund it with cryptocurrency and navigate to the MBX/USDT Spot trading page. 

Is MBX a Good Investment?

MBX looks like an excellent investment for DeFi enthusiasts. This cryptocurrency has been created by a very reputable gaming company that's poised to release some of the biggest blockchain games yet. Since the token is necessary for all PlayGround games, it’s done an excellent job of maintaining its value in the months since it was released. Furthermore, most analysts agree that the coin’s price seems likely to increase.

Overall, the impressive publishers behind the cryptocurrency — as well as the positive market prognosis — make this crypto a very intriguing investment. Keep in mind that it's still a fairly new project, having only been around for a year. As with any other up-and-coming crypto investment, it's necessary to still exercise some caution and avoid overextending yourself.

Closing Thoughts

MARBLEX has the potential to finally unite the worlds of gaming and DeFi. Unlike many other gaming blockchain projects, this game company is backed by experienced game developers, and publishes full games with complex, interesting gameplay. With its ability to offer both fun blockchain games and a convenient DeFi interface, MARBLEX has a bright future. For those interested in crypto investments, MARBLEX's native token, MBX, also looks quite promising.

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