Mercurity & MOBOX Joint AMA Summary

Question 1: Coinbase's successful listing and BTC hitting new highs, what do you think about the price trend of cryptocurrencies for the rest of 2021?

Kevin:

Benefiting from positive news such as Coinbase's listing, Bitcoin broke through the consolidation triangle that had lasted for several weeks on April 13, rising to around $63,000, setting a new historical high. If there are no surprises this month, the monthly line may once again close positively, creating the myth of seven consecutive positive months.

After Coinbase's successful listing on April 14, profit-taking by speculative funds led to a brief adjustment in Bitcoin.

As for the price trend of cryptocurrencies in 2021, it can be viewed from several points.

In the long term, Bitcoin, as the king of cryptocurrencies, will gradually be accepted by mainstream financial institutions and the general public as various institutions continue to enter the Bitcoin market, and with Coinbase's listing, the influx of new capital into the market is constantly increasing. Macroscopically, Bitcoin has encountered a once-in-a-lifetime historical opportunity, and I am firmly optimistic about its long-term prospects.

In the short term, Bitcoin has experienced seven consecutive months of growth, leading to significant profit-taking. After further highs, it may trigger a wave of mid-term corrections. Moving forward, it is essential to closely monitor changes in the global monetary fundamentals, especially the U.S. monetary policy and remarks from U.S. executives regarding digital currencies.

• Loose U.S. monetary policy may gradually tighten as the pandemic improves, potentially in the second half of 2021.

• The views of the U.S. Treasury Secretary and the Federal Reserve Chair on Bitcoin have always been bearish, aiming to prevent black swan events.

Aside from Bitcoin, there are four major hotspots in 2021.

1. The Polkadot series, with KSM and DOT slot auctions expected in May and June, and ecological projects like Acala, Plasm, Bifrost, Phala, and Darwinia are also poised for opportunities;

2. DeFi is genuinely landing and solving practical problems, with excellent projects emerging continuously. ETH, BSC, HECO, and even DeFi projects on Polkadot are worth paying attention to;

3. NFTs, with the development of NFT projects and platforms, are bound to experience a surge;

In summary, I am optimistic about the cryptocurrency market in 2021 in the long term, while being cautious about short-term risks. There are many hotspots and opportunities, and I wish everyone great wealth in 2021!

John:

Coinbase's successful listing is a significant event for the industry, indicating that the crypto industry has successfully stepped into the mainstream and occupies a place in the traditional financial circle represented by Wall Street. After experiencing this bull market this year, BTC has surpassed $60,000, and we are also optimistic about BTC in the long term. Any market trend requires a large influx of new capital, and Coinbase's successful listing and U.S. fiscal easing will have a positive impact on the cryptocurrency market in 2021.

The fluctuations in the cryptocurrency market are not the most important for project teams. Regardless of market ups and downs, we remain steadfast. Our team adheres to our original intention and focuses on refining our products, as we believe that creating a good product is the key.

Question 2: Please introduce the project content and features from both sides.

Kevin:

Mercurity is an open and interconnected DeFi platform. You can think of us as having many DeFi protocols under Mercurity. The entire Mercurity protocol consists of several sub-protocol matrices. Each group of protocols is independent, pluggable, and composable, and they can collaborate with each other.

So, it can be understood that Mercurity.Finance primarily aims to create a matrix of DeFi.

What problems does Mercurity.Finance mainly solve?

Currently, many underlying protocols in the market are fighting their own battles. For example, well-known projects like Aave, Uniswap, Compound, etc., do not actually interconnect with each other. We hope to build a DeFi aircraft carrier in the DeFi space. Tokens between protocols like lending, insurance, bonds, etc., can recognize and use each other, which will greatly enrich the application scenarios of DeFi, allowing users' assets to flow freely across all these financial applications.

The DeFi matrix of Mercurity mainly includes five sub-protocols:

Mercurity Swap Protocol ------ mainly for trading, related to Exchange DEX

Mercurity Lend Protocol ------ lending protocol

Mercurity Insurance Protocol ------ insurance protocol

Mercurity Bond Protocol ------ bond protocol

Mercurity Synthetics Asset Protocol ------ synthetic asset protocol

On one hand, Mercurity connects the liquidity of DeFi through on-chain smart routing, hoping to share liquidity and financial services among various sub-protocols;

Therefore, Mercurity's mission is: to make financial services easily accessible.

The first sub-protocol, the Swap protocol, has already been launched, and you can see the Swap on the official website Mercurity.Finance. Currently, there is a mining activity ongoing, with a very high annualized yield (APY).

If anyone is interested in our protocol matrix, you are welcome to join us in witnessing the development of DeFi and sharing the conveniences brought by DeFi.

Interested friends can add the Mercurity community assistant.

John:

The MOBOX team has been deeply involved in the blockchain industry for many years, engaging in DApp development since 2018, with all developed projects being quite successful and loved by players. The latest project is the blockchain game ChainZ Arena. I believe that with our years of game development experience, the MOBOX team can bring new ideas and value to the current DeFi + NFT ecosystem.

The MOBOX platform is a community-driven GameFi platform that combines the advantages of DeFi and NFTs, empowering users through financial mechanisms and gaming systems, creating an ecosystem where you can play for free and earn easily. Currently, there are no similar projects in the market.

The biggest feature of the MOBOX ecosystem is the MOMO NFT. The MOMO NFT currently includes five different types, with six qualities, totaling 400, where rare attributes have a limit of 200 each, and epic attributes have a limit of 50 each. Rare and epic NFTs can also be upgraded, with the highest level being 30. The better the quality and higher the level of the MOMO NFT, the more computing power it has, leading to more MBOX tokens mined, and the stronger its performance in the game. Each MOMO NFT is meticulously designed by designers, boasting strong abilities and high aesthetics. MOMO NFTs are important assets in the MOBOX ecosystem. MOMO NFTs serve as mining machines, mining MBOX platform tokens through NFT computing power; they are also game props, as all games released by the platform will require NFTs. MOMO NFTs can be traded anytime in the MOBOX market.

The MOBOX platform has over 20 smart contracts, and the DeFi contracts are currently undergoing CERTIK audits. The smart contracts of MOBOX are innovative, incorporating many steps to save on gas transfer fees. Users receive NFTs while they are already staked in the smart contracts, and all transactions are completed within the smart contracts, greatly reducing user operation frequency, achieving gas savings, and enhancing user experience.

To implement a user-friendly concept, the MOBOX platform has developed a plugin wallet and the MOBOX APP. The purpose of the MOBOX wallet is not to compete with other wallets but to provide convenience for users. Data can be interchanged across PC, iOS, and Android, allowing users to freely choose their preferred interaction method and conveniently participate in the platform ecosystem.

Question 3: Please share some insights on NFTs from Kevin.

Kevin:

NFTs, which stands for Non-Fungible Tokens, are essentially unique and indivisible tokens. Each NFT is unique, indivisible, and cannot be exchanged, which is what you often hear referred to as tokens following the ERC721 protocol.

In fact, NFTs gained popularity a few years ago with CryptoKitties, where a single CryptoKitty was sold for hundreds of thousands of dollars.

NFTs bind uniqueness with the independence and scarcity of objects, such as a painting or a house. They represent a digital value, supported by trust on the blockchain, and I am very optimistic about the future of NFTs. Previously, Nike launched NFT footwear products, and the Olympic Committee has also issued NFT tickets. I believe that more and more NFT products will enter our daily lives in the future.

Mercurity also places great importance on NFTs, and we have already launched our own NFT product, "The Little Mermaid."

This is a design work by designer "1Fan," consisting of five beautiful mermaids. The mermaids symbolize beauty, and the five mermaids represent the five continents: America, Europe, Asia, Oceania, and Africa, drawing on the Olympic rings' meaning of unity, mutual assistance, and love, showcasing the connection and integration of beautiful things in the world.

Different colors represent different continents, such as "Passion" from America, which is primarily red, symbolizing the passion and exuberance of America. "Wisdom" from Asia, which is primarily yellow, symbolizes the intelligence and subtlety of Asia. "Romantic" from Europe, which is primarily blue, symbolizes the romance and prosperity of Europe.

If you collect five mermaids from five different continents, you can synthesize the ultimate NFT - a family portrait of the Little Mermaid.

There are two ways to participate in our NFT project:

The first is to exchange NFT cards using Mercurity's platform token MEE on mercurity.finance;

The second is to search for Mercurity on NFT trading platforms like OpenSea and purchase directly using ETH.

Currently, our NFTs are listed on NFT trading platforms like OpenSea, where some cards are even trading at a 10x premium.

You can first check out the beautiful mermaid NFTs on our NFT official website,

https://nftmermaid.mercurity.finance/

Card drawing tutorial:

https://www.yuque.com/as70fu/nraxpp/eskz3n

Question 4: How to participate in both projects?

Kevin:

Currently, Mercurity Swap has been launched, initiating liquidity mining for the MEE platform token, with a high APY at present. You can participate in MEE mining by providing liquidity in Swap. This is a 2000-day mining project, not a short-term project, and you can participate continuously. We welcome everyone's participation.

Generally speaking, we do not welcome miners who just mine and sell. We hope miners can grow with us, which is why we have specially designed a tax revenue acquisition model.

10% of the acquired revenue is distributed without locking, while the remaining is distributed over 9 weeks. Early claims will be taxed, and the tokens deducted will be frozen.

We welcome everyone to visit our official website https://www.mercurity.finance/ or add the community volunteer's WeChat for more detailed information:

John:

MOBOX has been launched on the Binance Smart Chain (BSC) on April 6, Beijing time. Users can access the MOBOX platform anytime via mobile and computer. You can also use partner wallets to enter the MOMO farm for operations.

MOBOX official website: https://www.mobox.io/#/

Mobile access via other wallet browsers:

https://www.mobox.io/momo/?lang=zh-CN#/

iOS (TestFlight) download link:

https://testflight.apple.com/join/abV2hPXU

Android download link:

https://www.mobox.io/download/app-release.apk

The official website has downloads for the MOBOX APP and plugin wallet for user convenience.

We have also prepared more materials for everyone to refer to:

For the MOBOX platform white paper, please check: https://faqcn.mobox.io/

Beginner's guide: https://www.mobox.io/docs/guide-zh.pdf

We also welcome everyone to follow the MOBOX Chinese community.

For users familiar with DeFi products, you can directly choose LP pools based on Venus and PancakeSwap strategies for digital asset freezing to obtain Key Tokens. Users can open treasure chests with Keys to obtain MOMO NFTs. Each MOMO NFT has computing power, and depending on the computing power, you can mine MBOX platform tokens.

In addition to the MOMO farm, the MOBOX platform's simulation competition is also very interesting. You only need to register for a MOBOX platform account to participate, with no fees required. Currently, there are three modes for the simulation competition: Millionaire, Crazy Leverage, and Bull-Bear Battle. You can log on to the official website for more details.

In the simulation competition, players ranked at the top will receive generous rewards in MBOX tokens, so don't miss out.

The MOBOX project has only been launched for a week but has achieved the following important milestones:

• Total value locked (TVL) exceeds $200,000,000;

• 43,000 MOMO NFTs have been opened;

• Total transaction amount of NFTs exceeds $10,000,000;

• On-chain transaction count exceeds 100,000.

Currently, the highest auction price for a MOMO NFT on the MOBOX platform has reached $77,777 BUSD.

Question 5: What are the upcoming developments for the projects?

Kevin:

Next week, we will launch a new UI interface, which will be cleaner and more convenient; mobile adaptation will also be completed simultaneously, allowing our users to operate conveniently anytime and anywhere;

Our insurance protocol is steadily advancing and will be launched as scheduled in Q2;

Lending protocols, synthetic assets, and other functions are under development and will be introduced to everyone in due course. We will continue to delve deeply into the industry, innovating and improving our products while ensuring the safety of funds, enhancing user experience, and growing together with the industry.

John:

The team believes that NFTs are not a speculative bubble but an indispensable part of the entire blockchain technology development that will exist perpetually. The application scenarios for NFTs are vast, especially for users in the gaming field. The team believes that true NFT applications must establish interoperability between blockchains and realize this functionality within platforms, which will be a revolutionary move that changes the current game rules.

Interesting NFT projects should possess verifiable scarcity, fair mechanisms, automated profit-sharing, and the ability to collaborate with games. At the same time, NFTs should generate certain value across different projects. The MOBOX project already has these functions on the Binance Smart Chain (BSC) and will continue to improve and optimize.

Moving forward, the team will steadily promote the project according to the roadmap. In Q2 2021, we will launch the platform's first game, introduce new liquidity mining strategies, and further improve the platform ecosystem to provide everyone with a better GameFi experience.

Question 6: How can both sides collaborate more in the DeFi field?

Kevin:

Currently, Mercurity is deployed on Ethereum, but with the popularity of DeFi, Ethereum is becoming increasingly congested, and transaction fees continue to rise. This situation will not fundamentally change until Layer 2 arrives, which affects the returns of small and medium investors. In recent months, we have noticed that public chains like BSC and Heco have rapidly developed due to fast transactions and low fees, gaining favor from many investors. Since Mercurity aims to create DeFi matrix products, we will not be limited to the Ethereum network; we will provide our products and services to users on different networks, and cross-chain products are under development with promising progress. We will announce specific products soon, so stay tuned.

Additionally, both Mercurity and MOBOX have NFT products, and we can release co-branded NFT cards. Besides their collectible value, co-branded cards can also provide other functionalities, promoting NFTs to the public together.

At the same time, we can also collaborate on mining pools for mutual mining, joining forces for greater impact.

John:

The MOBOX team firmly believes in the philosophy of free play and easy earnings in GameFi, considering community-driven initiatives as the ultimate driving force for the platform's success. The team believes that every user is a stakeholder in the platform and the entire ecosystem, and every user and partner can contribute to the platform and ecosystem in their unique ways. Therefore, the MOBOX community is open to everyone, including users, communities, KOLs, NFT artists, and technical developers.

Users: The platform stimulates ordinary users' enthusiasm for participation through an invitation mechanism, rewarding users for the time they invest in the platform's growth.

Communities and KOLs: The platform collaborates with KOLs and other communities to create exclusive NFTs and provide ways to give back to the community. The achievement system will reward communities and KOLs that positively influence the MOBOX ecosystem.

Artists: With the unique MOMO NFT creation platform, artists can earn income through a revenue-sharing scheme from each transaction amount of the NFTs they create.

Technical Developers: Due to the high costs of game development and long return cycles, independent developers find it challenging to sustain their work. Developers can automatically receive revenue shares from their development projects daily through the innovative NFT game issuance platform (IGO) system, ensuring uninterrupted development work. Developers can also sell their copyrights to other users at any time.

Community Questions:

1. Will future games feature MOMO as the main character, meaning they will be linked to the current computing power system, or will there be a completely new computing power system?

Answer: Future games will definitely feature MOMO as the main character, and the stronger the computing power of MOMO, the more powerful it will be in the game.

2. Will there be a synthesis system for MOMO to randomly create more powerful MOMOs?

Answer: Currently, there are no plans for a synthesis system for MOMO. However, I can reveal that there will be rare MOMOs that will surprise everyone in the future.

3. What are the main application directions for MBOX in the future?

Answer: The MBOX token is the governance token of the MOBOX community and will be used in community governance, token staking, and game rewards in the future.

4. Will the new games completely rely on the previous computing power system? If newcomers want to participate in the game system, must they obtain MOMO through opening boxes, or are there other ways to acquire it?

Answer: Currently, the game design does require MOMO to participate.

5. Can you share the gameplay of the Coin Master that will be released next month?

Answer: The main gameplay of Coin Master is for players to increase their total amount of coins in the game. Specific details will be officially announced later.

6. When can we expect the complete audit report?

Answer: The first audit report has already been released, addressing some minor issues. I believe the final results will be available soon.

7. Will the gray MOMO have a chance to appear?

Answer: MOMO NFTs are an important part of the MOBOX platform, and every MOMO NFT is significant.

8. Will MBOX be listed on exchanges?

Answer: As a community-driven platform, MOBOX's team always focuses on refining the product. Everything else will follow naturally.

9. When will the buyback officially start?

Answer: The buyback is conducted through smart contracts, and the rules are clearly outlined in the white paper.

10. How will the issue of rapid growth in computing power leading to decreased returns be addressed?

Answer: Mining for computing power is just one source of income; MOMO will have more applications in the game. In the white paper, game rewards are the main source of income.

11. When will the blockchain war be launched?

Answer: According to the roadmap, it will be in Q3.

Unified Response: Regarding the blue and green MOMO NFTs, the prices of NFTs are determined by supply and demand in the market. The game design must have its inherent reasons. The higher the level, the more the value of various NFTs will be reflected on the platform.