What Exactly is Mobix Token? Learn with MEXC Blog

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Aug 23, 2022
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The Mobix Token was created to recognize and reward MOBIX platform users that commute using eco-friendly vehicles like mopeds, e-bikes, bicycles, and scooters. The platform itself promotes the micro mobility ecosystem through its own incentive scheme for environmentally friendly, sustainable urban mobility. In this essay, we'll cover all you need to know about Mobix and show you how to buy MOBX token on MEXC.

Core Functionality of Mobix Token
In order to increase micromobility, MOBX promotes a range of metropolitan stakeholders, and it also helps urban planners design more livable cities.

Individuals with Microphones
The adoption of value-added services is encouraged by the ease with which micromobility services are available everywhere. Urban consumers, including individuals and businesses, have access to extremely practical "all-in-one" and privacy-preserving micromobility services and related value-added services.

Micromobility Service Providers
The main objective is to provide direct access to the millions of consumers and business users who utilize the technology for the movement of people and goods to micromobility service providers. These providers can currently only connect with a small number of dispersed user groups.

Micromobility Infrastructure Providers
By dynamically altering their space and capacity offers in response to market demands, building owners and operators, who provide infrastructure, may make the best use of their assets. A higher level of utilization lowers fixed expenses, which increases asset values.

Value-Added Service Providers
VAS vendors may contextually connect with and offer their services to micromobility services using Fetch.ai-powered Autonomous Marketing Agents (AMA). These include both professional and recreational activities, such as delivery services or on-the-go medical care, as well as distinctive entertainment or dining options.

Liquidity Providers
Liquidity providers and autonomous marketing agents will have a presence in the system, which will increase transaction volumes and reduce communication and transaction costs. Liquidity providers will utilize transaction fees to reclaim the yield on their investment. Liquidity providers will be able to obtain reward tokens through a liquidity mining mechanism that rewards them based on the volume and duration of the liquidity they offer to system-controlled autonomous marketing agents.

How does Mobix token work?
Users of MOBIX can earn MOBIX Miles for a range of micromobility-related activities. These Miles are subsequently converted into MOBX Reward tokens and airdropped to users' MOBIX Wallets. Activities include using scooters, bikes, mopeds, freight cycles, and miniEVs among other things. By choosing to walk rather than drive, you can accumulate MOBIX Miles, which will grant you MOBX Reward Tokens.

Users of the MOBIX Marketplace can search for, reserve, and book infrastructure and micromobility-related services thanks to Autonomous Agents, which are powered by MOBX tokens.

To promote goods and services in a contextualized, private manner, MOBX tokens will be fed to autonomous marketing agents. A percentage of the marketplace fees and autonomous marketing agency fees are utilized to buy back MOBX and burn it.

The MOBIX Reward token essentially acts as a lubricant for the MOBIX Marketplace by rewarding and incentivizing individual and professional users to use environmentally friendly (micromobility) transport while also providing a workable business model for organizations that offer value-added services and infrastructure related to micromobility. And the foundation for everything is data management that complies with GDPR and safeguards privacy.

Tokenomics of Mobix

Rewards for Micromobility with MOBIX
Seventy-five percent of the total supply, or 75 million MOBX tokens, are distributed to users that participate in micromobility activities.

Fetch.ai Community Distributions
FET stakers will receive 4 million coins, or 4% of the whole MOBX supply, on the Fetch.ai mainnet. The first MOBX stakedrop is planned to start on September 20, 2021, with a distribution of 2% of the entire supply (2 million) previously announced. Users staking FET on the Fetch.ai mainnet will be awarded 2.000.000 MOBX tokens from that day and continuing for two months, through 20 NOV 2021. There will eventually be two further stake drops, each equal to 1% of the total supply (1 million). At least two weeks before to launch, both stakedrop announcements will take place.

MOBX development

In the future, 5% of all MOBX (5 million) will be distributed to the MOBIX Micromobility Marketplace.

Mobx reservations
One percent of every MOBX will be used to fund the reserve, which will be used as a source of liquidity and to aid marketing and listing initiatives (1 million).

The Team
Each team will receive 15% (15 million) of the total amount of MOBX tokens: MOBIX, Fetch.ai, and Datarella.

According to self-reported data, 4,350,000 of the 100,000,000 tokens that were initially issued are now in use. The MOBX price (ATH) of 0.353 USDT was attained on September 25, 2022. The lowest price since the ATH was 0.112 USDT on September 27, 2022. With a $595,942 market cap, its performance right now is 0.129 USDT (by September 28, 2022).

How to purchase MOBX?
In order to buy Mobix Token (MOBX) on MEXC, follow the instructions below:
  1. Choose [Trade] after entering your MEXC account details. Choose [Spot].
  2. Type "MOBX" into the search bar to see the available trading pairings. Take MOBX/USDT as an example.
  3. Scroll all the way down to the [Spot] box. Enter the number of MOBX that you want to buy. Create, as necessary, a Limit order, a Market order, or a Stop-limit order. As an example, use a market order. By selecting [Buy MOBX], you may confirm your order. In your Spot Wallet is the MOBX that you purchased.