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MOB (Utility Token)

MOB (Music on the Block) is a utility token used for the core economic activities of the platform. MOB can be obtained by converting MIC through the GET process and is primarily used for Web3-based activities such as NFT trading.

Contract Address: 0x38E64aE30Bc30f8d3e2bCBb22c2D059e5ce5Fc69

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1. Definition & Key Features of MOB

Item
Description

Definition

A utility token used for NFT transactions and major economic activities

Acquisition Method

Obtained by converting MIC points through the GET process

Usability

Used for core economic activities on the platform such as buying and selling NFTs

Notes

May be available for external exchange trading or withdrawals in the future, but this is not guaranteed

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2. How to Obtain MOB

MOB is primarily obtained by converting MIC earned within the platform through the GET process.

  • GET Conversion: Users can convert their accumulated MIC into MOB according to the platform’s conversion rules (based on the GET Race).

  • Conversion Rate: Conversion rates and fees may change depending on platform policies or future conditions.

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3. Uses of MOB

MOB is used for the following purposes.

  • Purchasing NFTs: MOB can be used as one of the available payment options when purchasing music NFTs issued by other users.

  • Selling NFTs: When selling your own minted NFTs, sales proceeds can be settled in MOB. Other supported tokens or payment methods may also be available depending on marketplace and platform policies.

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4. Important Notes about MOB

  • Unlike MIC, MOB may be supported for external exchange trading or withdrawals in the future, but this is not guaranteed.

  • NFT transaction fees must be paid in MIC; they cannot be paid with MOB.

  • Activities involving MOB are recorded on the blockchain for transparent management.

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