{"id":10503,"date":"2023-07-11T04:54:00","date_gmt":"2023-07-11T04:54:00","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10503"},"modified":"2022-05-17T08:33:11","modified_gmt":"2022-05-17T08:33:11","slug":"what-is-momo-nft-farmer-the-nft-compound","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound","title":{"rendered":"What is MOMO NFT Farmer? The NFT compound"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#what_is_momo_nft_farmer\" >What is MOMO NFT Farmer?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#what_type_of_nft_do_you_earn\" >What type of NFT do you earn?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#sus_creadores\" >Sus creadores<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#how_does_it_work\" >How does it work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#mobox_wallet\" >MOBOX Wallet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#smart_contracts\" >Smart contracts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#yield_farming_mechanism\" >Yield Farming Mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-momo-nft-farmer-the-nft-compound\/#what_else_can_i_do_in_mobox_after_i_have_my_nft\" >What else can I do in MOBOX after I have my NFT?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p><strong>Cryptocurrency mining is one of the most interesting and profitable processes<\/strong>\u00a0we can face if our desire is to earn cryptos. However, it is no secret that the initial investment for mining is usually high.<\/p>\n<p>However, as a response to this, other fun ways to participate in different crypto communities while\u00a0<strong>playing games or interacting with others and earning cryptocurrencies or NFTs have emerged.<\/strong><\/p>\n<p>An example of this are\u00a0<strong>the play to earn games with similar dynamics to\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-yield-farming-of-cryptocurrencies\/\">yield farming<\/a><\/strong>\u00a0like the game I will talk about today.\u00a0 Without further ado, let\u2019s enter the wooded grounds of<strong>\u00a0MOMO, the NFT farmer.\u00a0<\/strong><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_momo_nft_farmer\"><\/span><strong>What is MOMO NFT Farmer?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>MOMO NFT Farmer is one of the most popular gaming platforms of the MOBOX project. In it,\u00a0<strong>for providing liquidity<\/strong>\u00a0in the pools within the platform, you\u00a0<strong>receive a unique\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-are-nft-tokens-and-how-do-they-work\/\">NFT<\/a>.\u00a0<\/strong><\/p>\n<p>The more liquidity you provide,<strong>\u00a0either by saving or depositing<\/strong>, the rarer it is and the more NFT you can collect.<\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"what_type_of_nft_do_you_earn\"><\/span><b>What type of NFT do you earn?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>The NFTs you will encounter are MOMOs,\u00a0<\/strong>which are square creatures that have a hash power. Indeed, the hash power is an in-game power that increases the probability of\u00a0<strong>receiving a higher amount of native MOBOX: MBOX tokens.<\/strong><\/p>\n<p>This way, while you are yield farming, you are not only rewarded with an NFT, but\u00a0<strong>that NFT can be used in other MOBOX games<\/strong>\u00a0that will help you generate MBOX Tokens that you can then exchange for cryptocurrencies.<\/p>\n<p>Consequently, it is a\u00a0<strong>free to play \u2013 play to earn<\/strong>\u00a0game, since you extract resources from the game that you can enjoy later.<\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"sus_creadores\"><\/span><b>Sus creadores<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This game was developed by MOBOX, a platform that\u00a0<strong>combines\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-defi-o-decentralized-finance\/\">decentralized finance<\/a>, NFT\u2019s and video games<\/strong>\u00a0to reward its players for their time invested.<\/p>\n<p>It currently\u00a0<strong>has three games available<\/strong>: Momo Farmer, Token Master and Trade Action.<\/p>\n<p>In the pipeline are two games that, like Token Master, are interconnected with Momo Farmer: Block Brawler and MOMO Tactical Party Slayer.<\/p>\n<p>As a project, MOBOX has been active since 2017 and is composed of a\u00a0<strong>team with more than ten years of experience in the video game industry<\/strong>\u00a0and four years in the Blockchain dApp industry. Among its objectives are:<\/p>\n<ul>\n<li>\n<ul>\n<li>Foster the MOBOX ecosystem.<\/li>\n<li>Leverage the potential of NFT interoperability, w<strong>here you can use your purchases in different NFT games<\/strong>\u00a0via blockchain.<\/li>\n<li><strong>Build a bridge where NFTs can be shared<\/strong>\u00a0between various blockchains such as\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-ethereum-eth-and-how-does-it-work\/\">Ethereum<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-tron-trx-the-complete-guide\/\">TRON<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1528585058\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer2.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer2-300x205.jpg 300w\" alt=\"\u00bfQu\u00e9 es MOMO NFT Farmer? El compound de los NFT\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer2-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer2.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_it_work\"><\/span><strong>How does it work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>To get a basic understanding of how MOMO NFT Farmer works, three aspects must be taken into account:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"mobox_wallet\"><\/span><b>MOBOX Wallet<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In order to start generating liquidity in MOMO NFT Farmer, to be able to access your MBOX and NFT, you must have the MOBOX Platform wallet.<\/p>\n<p>In that sense, it works like any other Metamask wallet. Although, its access is easier, since\u00a0<strong>you can register and log in with your social network accounts<\/strong>. In this wallet, you can:<\/p>\n<ul>\n<li>\n<ul>\n<li>Transfer cryptos.<\/li>\n<li>Store your NFTs.<\/li>\n<li>Invest in other DeFi protocols.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>As a favorable point, just like\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/bitnovo-crypto-wallet-jose-molina-tells-us-everything-about-the-app\/\">Bitnovo wallet<\/a>,\u00a0<strong>you can download it on your cell phone<\/strong>\u00a0through the App Store or Google Play Store\u00a0<strong>and on your computer<\/strong>\u00a0as an add-on for your Google Chrome in the Google Web Store.<\/p>\n<h3><\/h3>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"smart_contracts\"><\/span><b>Smart contracts<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As mentioned, you can be rewarded by contributing liquidity in certain\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-mining-pool-and-how-does-it-work\/\">pools<\/a>\u00a0or creates (groups), which is automatically generated by CREATE contracts.<\/p>\n<p>CREATE is a type of Yield Farming\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-smart-contract\/\">smart contract<\/a>\u00a0that\u00a0<strong>detects your financial movements to generate a reward<\/strong>\u00a0according to the amount of liquidity you achieve.<\/p>\n<p>These rewards\u00a0<strong>are token keys<\/strong>\u00a0with which you can unlock boxes t<strong>hat will enable you to obtain your MOMO<\/strong>, which can vary in class and rarity.<\/p>\n<p>Essentially,\u00a0<strong>rarity is what you might be most interested<\/strong>\u00a0<strong>in<\/strong>, since if it is epic, you have more hash power which will make you get more MBOX tokens.<\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"yield_farming_mechanism\"><\/span><b>Yield Farming Mechanism<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>\n<ol>\n<li>Go to the MOBOX website and choose the \u201cMOMO NFT Farmer\u201d option.<\/li>\n<li><strong>Deposit\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/stablecoin-what-is\/\">stablecoins<\/a><\/strong>\u00a0such as DAI, USDT or USDC into your MOBOX Wallet or\u00a0<strong>use one of the eight liquidity pools available<\/strong>\u00a0on the MOMO NFT Farmer homepage.<\/li>\n<li>Subsequently, automatically through smart contracts,\u00a0<strong>you will acquire a key or token key<\/strong>\u00a0that will unlock access to a chest containing your MOMO.<\/li>\n<li>Once you have the key, all you have to do is open the chest that has a MOMO. At that moment, you will find out what type of MOMO you got (if it is wind, earth, water or it is a creature or a human).<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1627737303\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer-300x205.jpg 300w\" alt=\"\u00bfQu\u00e9 es MOMO NFT Farmer? El compound de los NFT\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Que-es-MOMO-NFT-Farmer.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"what_else_can_i_do_in_mobox_after_i_have_my_nft\"><\/span><strong>What else can I do in MOBOX after I have my NFT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>You can do\u00a0<strong>three things:<\/strong><\/p>\n<ul>\n<li>\n<ul>\n<li><strong>Put your MOMO in the \u201cmining camp\u201d<\/strong>\u00a0option so that it\u00a0<strong>instantly starts to farm the MOBOX token<\/strong>. For this purpose, the hash power is fundamental, since, according to it, the amount of MBOX you receive will be lower or higher, therefore, it is recommended that you\u00a0<strong>get at least 4 MOMOS<\/strong>, since 4 make up a crew and, by having one, they give you 100 hash power as a bonus, which will increase your earnings.<\/li>\n<li>Sell it in the MOBOX market.<\/li>\n<li>Make use of it in other games such as Token Farmer to earn more money.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>As a result,\u00a0<strong>with the MBOX that your MOMOs earn, you can actively participate in the MOBOX community<\/strong>\u00a0to support them in the decisions they make to guide the direction of the project, which, in turn, will earn you platform bonuses.<\/p>\n<p>In itself, it is a win-win through liquidity mining. This process can be done over and over again for greater rewards.<\/p>\n<p>Additionally, t<strong>he MBOX you earn can be invested in GEM, an in-game currency used to improve the hash points<\/strong>, skills and qualities of your MOMOs in the MOBOX platform games.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>We hope you found this brief tour of MOMO NFT Farmer useful!<\/p>\n<p>To be honest with you, in the NFT world we have a lot to say, much more than we can convey to you in a single article.<\/p>\n<p>So, to keep you up to date with the latest news in the cryptocurrency and NFT ecosystem,\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/\">we invite you to check out our blog<\/a>. There you will find all the information you are looking for and more.<\/p>\n<p>For the time being, see you in a future article!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Cryptocurrency mining is one of the most interesting and profitable processes\u00a0we can face if our desire is to earn cryptos. However, it is no secret that the initial investment for mining is usually high. However, as a response to this, other fun ways to participate in different crypto communities while\u00a0playing games or interacting with others [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-10503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10503"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7596"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}