MonkeyBall

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Discover MonkeyBall'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 MonkeyBall?

MonkeyBall (MBS) is a cryptocurrency token used in the MonkeyLeague platform, a play-to-earn soccer game featuring NFTs based on monkeys. The token is built on the Solana blockchain and serves as the in-game currency, allowing users to purchase items and participate in the platform's economy. Additionally, it can be traded on various exchanges and has a governance token called SCORE, which is used for platform decision-making.

How is MonkeyBall used?

The crypto MonkeyBall (MBS) is used within the MonkeyLeague platform, a play-to-earn game that combines football simulation with NFTs based on monkeys. The MBS token is the native cryptocurrency of the platform, built on the Solana (SOL) blockchain. It serves several purposes within the game:

  1. In-Game Purchases: MBS is used to buy items and assets within the game, enhancing the gaming experience.

  2. Earning through Missions: Players can earn MBS by completing missions and participating in various activities within the game.

  3. Hosting Games: Users can host games in their online NFT stadiums and earn MBS as rewards.

  1. Decentralized Governance: MonkeyLeague also has another cryptocurrency called SCORE, which is used for governance through a decentralized autonomous organization (DAO).

In summary, MBS is an integral part of the MonkeyLeague ecosystem, facilitating transactions, rewards, and governance within the platform.

How do I store MonkeyBall?

To store MonkeyBall (MBS) tokens, you can use a Web3 crypto wallet like Metamask or an App wallet like Trust Wallet. These wallets support millions of assets and blockchains, allowing you to securely store and manage your MBS tokens. Additionally, you can transfer your MBS tokens to these wallets for safekeeping and potential trading on decentralized exchanges.

How to buy MonkeyBall?

To buy MonkeyBall (MBS) tokens, follow these steps:

  1. Create an Account on a Cryptocurrency Exchange:

    • Choose a reputable exchange such as Coinbase, Binance, or Latoken.
    • Sign up by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps.
  2. Fund Your Account:

    • Select a payment method, such as credit/debit card, bank deposit, or peer-to-peer trading.
    • Deposit fiat currency or other cryptocurrencies to fund your account.
  3. Buy MonkeyBall (MBS):

  • Navigate to the Buy & Sell section on the exchange platform.
  • Choose MonkeyBall (MBS) as the cryptocurrency you want to buy.
  • Select the desired order type (e.g., market order, limit order) and execute the purchase.
  1. Transfer MBS to Your Wallet (Optional):
    • You can hold your MBS tokens in your exchange account or transfer them to a personal cryptocurrency wallet for added security and flexibility.

Remember to research the exchange, read user reviews, and compare different exchanges to find the most suitable one for you. Additionally, be aware of the risks associated with cryptocurrency trading and do your own due diligence before investing.

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History of MonkeyBall

The MonkeyBall crypto, also known as MonkeyLeague (MBS), is a token used in a play-to-earn game where users can engage in a football simulator using NFTs based on monkeys. The game was originally called MonkeyBall but was renamed MonkeyLeague after video game giant Sega pointed out the similarity to their trademarked Super Monkey Ball name.

MBS was first launched on December 12, 2021, with an initial price of $1.36. It saw a brief surge to $2.51 two weeks later, but then began a sharp decline, dropping below $1.00 on January 20, 2022. The token continued to struggle, with many investors expressing dissatisfaction with the project's management and questioning its legitimacy. By January 25, 2022, the price had dropped to $0.45, and it continued to decline, reaching an all-time low of $0.06988 on June 5, 2022.

The token is based on the Solana blockchain and is used to purchase items within the game. Users can buy MBS on decentralized exchanges, earn it through in-game activities, or host games in their online NFT stadiums. The game also has another crypto, SCORE, which is used for governance via a decentralized autonomous organization (DAO).

Despite some brief recoveries, the token's price has generally trended downward. As of November 2022, the price was around $0.136, with a market cap of about $11.8 million. The token's future is uncertain, with predictions ranging from $0.14 to $0.29 by 2025, but the highly volatile nature of the cryptocurrency market makes it difficult to accurately predict its long-term value.

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How MonkeyBall works

MonkeyBall (MBS) is a cryptocurrency that operates within the MonkeyLeague ecosystem, a play-to-earn (P2E) game built on the Solana blockchain. Here's how it works:

Game Overview

MonkeyLeague is a soccer game where players can create, play, compete, and earn rewards. The game features high-quality graphics and integrates blockchain technology, NFTs, and decentralized finance (DeFi) elements. Players can engage in various game modes, including player versus environment, player versus player, and team versus team.

NFTs and Monkeys

In the game, monkeys are the players, represented by NFT assets owned by the players. These monkeys serve as income generators, allowing players to earn rewards. Players can upgrade their monkeys, increasing their skills and abilities over time. The NFTs can be bought and sold, providing an additional revenue stream for players.

MBS Token

The MBS token is the native cryptocurrency of MonkeyLeague. It is used to purchase items within the game, such as NFTs, and can be earned through various in-game activities like completing missions or hosting games in NFT stadiums. The token can also be bought and sold on decentralized exchanges (DEXs).

Earning MBS

Players can earn MBS tokens by participating in the game. For example, they can complete missions, host games in their NFT stadiums, or engage in other in-game activities. Additionally, players can stake other tokens, like $STARS, to earn Hydrazine ($N2H4), which can be used to purchase MBS tokens during the IDO (Initial DEX Offering) phase.

Governance

MonkeyLeague also has another cryptocurrency called SCORE, which is used for governance purposes through a decentralized autonomous organization (DAO). This allows the community to participate in decision-making processes for the platform.

Blockchain and Trading

MonkeyBall (MBS) is built on the Solana blockchain, making it a token rather than a coin. It can be traded on DEXs, allowing users to buy and sell the token with other cryptocurrencies or fiat currencies.

Overall, MonkeyBall (MBS) is a key component of the MonkeyLeague ecosystem, enabling players to engage in a play-to-earn experience with NFTs and DeFi elements.

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MonkeyBall's strengths

The token MonkeyBall (MBS) has several strengths that make it an attractive investment opportunity:

  1. In-Game Currency and NFT Integration: MBS serves as the in-game currency for the MonkeyBall platform, allowing users to buy and sell NFTs, which are unique digital assets representing in-game entities such as players and stadiums. This integration creates a robust economy within the game, increasing the token's utility and potential value.

  2. Speculative Trading: MBS can be traded on various cryptocurrency exchanges, providing an additional avenue for investors to buy and sell the token. This speculative trading aspect adds to the token's liquidity and market appeal.

  3. Governance and Community Engagement: Although MonkeyBall does not use MBS for governance, it has a separate token called Score tokens for this purpose. This governance mechanism allows users to participate in decision-making processes, fostering a sense of community and encouraging long-term engagement.

  1. Play-to-Earn Model: MonkeyBall's play-to-earn model rewards players with MBS tokens for winning matches, which can be used to upgrade their in-game assets or traded for other cryptocurrencies. This model incentivizes users to continue playing, thereby driving the token's value.

  2. Metaverse and Esports Potential: MonkeyBall is positioned as a next-generation esports metaverse, combining high-quality gaming with blockchain technology and NFTs. This innovative approach has the potential to attract a large user base, driving the token's value and adoption.

  3. Long-Term Price Predictions: Analysts predict significant growth for MBS, with estimates ranging from $2.06 to $5.81 by 2040, indicating a potential for substantial returns on investment.

These strengths collectively contribute to the token's potential for growth and adoption, making it an attractive investment opportunity for those interested in the cryptocurrency and gaming sectors.

MonkeyBall's risks

MonkeyBall (MBS) is a cryptocurrency token associated with the MonkeyLeague platform, a play-to-earn (P2E) game that allows users to play a football simulator using non-fungible tokens (NFTs) based on monkeys. The token is used to purchase items within the game and can be bought on decentralized exchanges (DEXs), earned through missions in the game, or by hosting games in online NFT stadiums.

Financial Risks
  1. Volatility:

    • The cryptocurrency market is known for its extreme volatility, making it difficult to accurately predict the price of MBS in the short or long term. This volatility can lead to significant losses for investors.
  2. Scam Allegations:

    • There have been allegations that MonkeyBall is a scam, with concerns about the distribution of tokens and the concentration of ownership. These claims suggest that the project's creators may be profiting from sales while leaving investors vulnerable to potential losses.
  3. Market Performance:

  • MBS has experienced a poor start to its market life, with its price dropping sharply after an initial surge. This decline has been attributed to both the overall downturn in the cryptocurrency market and dissatisfaction among investors with the project's management.
  1. Governance:

    • While MBS is used for in-game transactions, the platform uses a separate token called SCORE for governance purposes. This separation raises questions about the effectiveness of the governance mechanism and the potential for manipulation.
  2. Market Sentiment:

    • Despite some optimistic price predictions, the overall sentiment around MonkeyBall remains mixed. The project's legitimacy and management have been questioned, which can impact investor confidence and the token's value.

In conclusion, MonkeyBall (MBS) faces significant financial risks due to market volatility, allegations of scamming, poor market performance, governance concerns, and mixed market sentiment. Investors should exercise caution and conduct thorough research before making any investment decisions.

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Did MonkeyBall raise funds?

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MonkeyBall’s team

  • The team behind Monkey Ball crypto is made up of innovative designers from the videogame, decentralized applications (DApp), and esports industries.

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