The Polkamon staff hopes to kickstart the NFT collectible area, and it will likely be attention-grabbing to see how the journey unfolds. 

Questioning what Polkamon is? Polkamons are essentially the most stunning, animated, digital collectibles, every having a unique stage of shortage. Every Polkamon is backed by a novel non-fungible token and will also be unpacked utilizing $PMON tokens.

Polkamon introduces 3D NFTs to the digital collectible area, permitting customers to gather ultra-rare Digital Monsters. These uncommon collectible monsters will be built-in into varied blockchain-based merchandise.

Every Polkamon has a novel, wealthy set of metadata that describes the distinctive traits of every Polkamon. Polkamon are backed by non-fungible tokens and will also be built-in into Layer-2 functions. This enables people who personal Polkamon to include them into collections or blockchain-based video games.

What Are the Distinctive Options of Polkamon?

  • Staking: You possibly can stake the $PMON token and Polkamon, receiving extra 4PMON rewards every time there’s a $PMON and Polkamon swap.
  • Cross-Chain: Polkamon are cross-chain and can be found on a number of blockchains like Polkadot and Ethereum. The staff additionally plans to attach different blockchains to Polkamon within the close to future.
  • Extremely-Uncommon NFTs: You possibly can unpack $PMON tokens, which can reveal ultra-rare Polkamon. You may also swap NFTs for $PMON tokens.
  • Hyper-Deflationary: Every time there’s a swap and a reverse swap, a set variety of $PMON tokens are burnt. This ensures continued shortage of the NFTs.
  • $PMON is a high-liquidity token: The $PMON token provides important liquidity, offering a two-way mechanism the place you may swap between the NFT and $PMON.

What Are the Distinctive Traits of Every Polkamon?

Every Polkamon that exists has totally different traits and totally different shapes. A number of the distinctive traits of Polkamon are:

  • Colours: Polkaman come in several colours. Every coloration represents a unique shade within the rainbow.
  • Glitter: A glittering Polkamon is an especially uncommon Polkamon. In case you do uncover one, contemplate your self fortunate.
  • Horn: Every Polkamon possesses a horn that varies in rarity and in form. Why does Polkamon possess the horn? That purpose nonetheless must be found.
  • Extremely-Uncommon: Some Polkamon, just like the Bitcoin Dragon, are extraordinarily uncommon. These Polkamon are often known as Extremely-Uncommon Polkamon.

Polkamon: How It Works and $PMON Token

As talked about earlier, Polkamons are tokens which have totally different ranges of rarity. Polkamon resembles creatures like dragons, horses, or birds. To get entry to Polkamon, customers want the $PMON token.

Every unpacking will burn a sure variety of tokens, leading to a continuing improve within the worth of the Polkamon. You will get extra rewards in case you swap your $PMON tokens with Polkamon and vice versa.

There shall be a complete provide of 10 million tokens. The preliminary provide will comprise 1.8 million tokens, and every $PMON token shall be priced at round $0.40. With such a aggressive worth, it’s anticipated that the tokens shall be offered very quickly. The general public sale worth has been set at $0.35.

For the reason that challenge is cross-chain, it will likely be out there on a number of blockchains. Initially, Polkamon shall be out there on the Polkadot and Ethereum blockchain, however the staff does plan to attach different blockchains to the challenge.

The Polkamon ecosystem consists of three principal layers. The bottom layer is the NFT based mostly decentralized possession system. This layer is supported by an ERC-20 token which improves liquidity and makes commerce extra accessible. The second layer is predicated on the bottom layer, and it enriches NFTs by wealthy visuals and detailed metadata. The third layer is the applying layer. Confirmed possession and visuals and metadata on this layer affirm possession of the tokens.

Polkamon Tokenomics

There shall be a complete provide of 10 million $PMON tokens. The preliminary circulating provide of the token is 1.8 million. Allow us to check out how the staff at Polkamon shall be using the funds.

  • Whole token provide: 10 million
  • Preliminary circulating provide: 1.8 million.
  • Public sale worth: $0.35
  • Itemizing Worth: $0.40
  • 20% of the tokens shall be made out there for the strategic sale at a worth of $0.20
  • 10% of the tokens allotted in direction of the foundational reserve shall be locked for a interval of 1 yr, after that every day vesting over 12 months.
  • 20% of the tokens shall be allotted for advertising and enterprise improvement—20% earlier than itemizing, after which every day vesting over 12 months.
  • 20% liquidity tokens: 20% earlier than itemizing, after which every day vesting over 12 months.
  • 10% of the tokens allotted in direction of the staff shall be locked for a yr, after which every day vesting over 12 months.

The staff at Polkamon hopes to kickstart the NFT collectible area, and it will likely be attention-grabbing to see how the journey unfolds.

Polkamon has introduced their upcoming IDO that shall be performed on Polkastarter quickly. On this regard, they’ve begun whitelisting traders to e book a spot within the IDO.

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