Marblex

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Discover Marblex's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Marblex?

Marblex (MBX) is a gaming blockchain ecosystem that connects Netmarble games with blockchain concepts, allowing users to buy NFTs, stake tokens, and exchange assets.

How is Marblex used?

Marblex (MBX) is a utility token used within the MARBLEX ecosystem. It is primarily used for playing games and trading with other players. The MBX token is based on the Klaytn blockchain and is designed to provide high performance and reliability. Key parties involved in the ecosystem include publishers, game developers, and service providers, who work together to create a token economy that allows users to engage in profit-generating activities while playing games.

How do I store Marblex?

To store Marblex (MBX) tokens, you can use the MARBLEX Wallet, which is the official wallet app for MBX. This wallet allows users to authenticate and manage their tokens within the MBX ecosystem. Additionally, you can also store MBX tokens in MetaMask by importing the tokens using the token information provided for the respective mainnet.

How to buy Marblex?

To buy Marblex (MBX) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy centralized exchange such as Binance, MEXC, or Gate.io, which support the purchase of MARBLEX (MBX) tokens.

  2. Create an Account: Register for a free account on the chosen exchange's website or mobile app, providing necessary personal information. You may need to complete Know-Your-Customer (KYC) verification to increase withdrawal limits and access additional features.

  3. Fund Your Account: Deposit funds into your account using various methods such as credit cards, bank transfers, or peer-to-peer services. Some exchanges offer multiple payment options like Simplex, Banxa, and Mercuryo.

  1. Navigate to the Marblex Market: Find the Marblex (MBX) market on the exchange and select the desired transaction amount. You can choose to buy MBX directly or first purchase a stablecoin like USDT and then use it to buy MBX on the spot market.

  2. Confirm Purchase: Place a buy order, either as a Market Order or a Limit Order, depending on your trading preferences. Market Orders execute immediately at the current market price, while Limit Orders allow you to set a specific price for the purchase.

  3. Complete Transaction: Once the order is executed, the MBX tokens will be added to your exchange wallet. You can then store them in your wallet, transfer them to another wallet, or use them for trading or staking.

Remember to research the exchange's fees, security features, and supported currencies before making a purchase, and always follow best practices for securing your cryptocurrency assets.

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History of Marblex

The history of MARBLEX (MBX) began in 2022 when Netmarble, a South Korea-based company founded in 2000 by Bang Jun-hyuk, developed the MARBLEX gaming ecosystem. This ecosystem aimed to bridge the gap between gaming and DeFi by offering a wide range of financial products and services. The native currency of the ecosystem is the MBX token, which can be earned and used within the ecosystem.

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How Marblex works

Marblex (MBX) is a gaming blockchain ecosystem that connects Netmarble games with blockchain technology. It allows users to engage in various activities such as buying and trading non-fungible tokens (NFTs), staking tokens, and exchanging them within the platform. Here's a detailed overview of how Marblex works:

Key Components
  • NFT Platform: Marblex offers a comprehensive NFT platform that supports both NFT collections issued by Marblex and EVM-based NFT collections from other projects. This platform provides various services, including staking, swapping, airdropping, claiming, and inventory management.
  • Staking: Users can stake their NFTs to receive staking rewards. The staking service allows users to level up their staked NFTs at each stage, earning more tokens as rewards.
  • Swap: The NFT Swap service enables users to input NFTs they own into a swap pool to receive new NFTs. The NFTs required for swapping and the types of NFTs that can be obtained vary from pool to pool, with rewards based on probability.
  • Airdrop: Users can lock up required NFTs for a set period to receive new NFTs. Each airdrop pool has specific requirements and rewards, and users can reuse their NFTs to participate in multiple airdrops.
  • Claim: Users can pay MBX to receive new NFTs through the Claim service. Each claim pool has a set fee in MBX, and users do not need to submit a separate NFT.
  • Coupon: Users can acquire coupons by holding NFTs that meet the requirements for each coupon pool. These coupons can be items from specific games or gift cards for services or websites.
  • Inventory: This service allows users to view and manage their NFTs acquired through Marblex, including transferring them to other addresses.
User Experience

To participate in Marblex, users need to follow these steps:

  1. Choose an Exchange: Users select a cryptocurrency exchange that supports Marblex (MBX) and create an account.
  2. Fund the Account: Users fund their account with the necessary cryptocurrency to purchase MBX.
  3. Navigate to the Marblex Market: Users navigate to the Marblex market on the exchange and select the amount of MBX they want to purchase.
  4. Confirm Purchase: After confirming the purchase, the MBX tokens are added to the user's account.
  5. Use MBX Services: Users can then use their MBX tokens to engage in various activities within the Marblex ecosystem, such as staking, swapping, airdropping, claiming, and managing their NFT inventory.
Wallet Support

The MBX NFT platform supports MetaMask Wallet for scalability, but it does not support the MARBLEX Wallet. Users with MARBLEX Wallets can import their wallets into MetaMask Wallet to access the MBX NFT platform.

Fees

The staking fee structure is designed to incentivize users to participate in staking activities. The fees are used to maintain the platform and reward users for their participation.

Overall

Marblex (MBX) is a gaming blockchain ecosystem that offers a range of services and activities centered around NFTs and token staking. By providing a comprehensive platform, Marblex aims to transform the gaming industry through blockchain technology.

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Marblex's strengths

Marblex (MBX) has several strengths that contribute to its success in the gaming blockchain ecosystem:

  1. Fast Transaction Processing: MBX can quickly process high volumes of game content transactions, ensuring reliable and transparent operations and management. This is made possible by the strengths of Klaytn Compatible Tokens (KCT).

  2. Comprehensive NFT Platform: The MBX NFT platform offers a range of services, including NFT staking, swapping, airdrops, claims, coupons, and inventory management. This platform supports both MARBLEX-issued NFT collections and EVM-based NFT collections from other projects, increasing the value and utility of NFTs.

  3. User-Friendly Interface: MARBLEX provides a seamless user experience through both app-based and web-based systems, making it accessible to a wide range of users.

  1. Strong Reputation: The project is backed by experienced developers who publish complete games with complex gameplay, which helps maintain the value of MBX tokens.

  2. Diverse Ecosystem: MARBLEX incorporates various tokens, including MBXL, which serves as a bridge token and has a 1:1 exchange rate with MBX. This diversity adds to the ecosystem's overall strength.

  3. Gaming and DeFi Integration: MARBLEX successfully bridges the gap between gaming and DeFi, offering users a unique combination of fun blockchain games and a user-friendly DeFi interface.

These strengths collectively contribute to MARBLEX's success and make it an attractive investment opportunity in the world of GameFi.

Marblex's risks

Marblex (MBX) is considered a high-risk investment due to significant volatility. The risk gauge rank for MBX indicates that it is currently a high-risk investment, which is a concern for traders focused on risk assessment. Additionally, most tokens, including MBX, often suffer from continuous depreciation over time due to issues such as low utilization and reliability.

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Did Marblex raise funds?

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Marblex’s team

  • Andy Koh: CEO of MARBLEX (MBX) with over 20 years of experience in the gaming industry.
  • JinPyo Hong: CEO of MARBLEX, attended the Game Developers Conference (GDC) in San Francisco.
  • Netmarble: The popular gaming company that created the MARBLEX ecosystem.

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