OpenBlox
  • OpenBlox
    • Introduction
      • OpenBloxDAO
      • Roadmap
  • Governance
    • Improvement Proposals
    • Snapshot Voting
  • Token
    • $OBX Token Utility
    • $OBX Token Supply
    • Blox NFT
    • Other
  • Multichain Ecosystem
    • Arbitrum
    • Avalanche
    • Ethereum
  • Games & APPs
    • RogueBlox
    • RunBlox
  • #BloxVerse
    • World
      • Green Layer
      • Fire Layer
      • Water Layer
    • Breeding
      • Genetics
      • Dominance & Recessive gene
      • Rarity
    • The Genesis
    • Characters
      • Techno
      • Flower
      • Shark
      • Insect
      • Hardshell
      • Dragon
      • Boss
  • Resources
    • DAO Multisigs
    • Smart Contracts
    • FAQ
    • Useful links
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  1. Token

$OBX Token Utility

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Last updated 2 years ago

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$OBX

  • Governance - voting rights are attached to the OBX token.

    • Use of community treasury including staking rewards

    • Proposal for developing new products, etc

    • New features for the product including marketplace, gameplay, artwork, etc.

  • Breeding - required as a fee to breed new Blox. The breeding fee will go to the community treasury.

  • Staking to get benefits (applied to all the games)

    • Players play the game (using BLOX, or the free version);

    • If players have staked $OBX and get Game Buffs, their game character will have better stats and will earn better/more rewards for doing well.

    • Players with staked $OBX have the right to receive the rewards (in the normal way for staking) which are paid in $OBX. Part of the staking rewards will come from the community treasury.