The Polkamon staff hopes to kickstart the NFT collectible house, and will probably be fascinating to see how the journey unfolds. 

Questioning what Polkamon is? Polkamons are probably the most lovely, animated, digital collectibles, every having a unique degree of shortage. Every Polkamon is backed by a singular non-fungible token and can be unpacked utilizing $PMON tokens.

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

Every Polkamon has a singular, wealthy set of metadata that describes the distinctive traits of every Polkamon. Polkamon are backed by non-fungible tokens and can 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’ll be able to 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’ll be able to unpack $PMON tokens, which can reveal ultra-rare Polkamon. You can too 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 vital liquidity, offering a two-way mechanism the place you possibly can 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 few 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 a particularly uncommon Polkamon. In the event 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 cause nonetheless must be found.
  • Extremely-Uncommon: Some Polkamon, just like the Bitcoin Dragon, are extraordinarily uncommon. These Polkamon are referred to 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 relentless enhance within the worth of the Polkamon. You will get extra rewards in case you swap your $PMON tokens with Polkamon and vice versa.

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

For the reason that undertaking is cross-chain, will probably be accessible on a number of blockchains. Initially, Polkamon can be accessible on the Polkadot and Ethereum blockchain, however the staff does plan to attach different blockchains to the undertaking.

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

Polkamon Tokenomics

There can 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 can be using the funds.

  • Whole token provide: 10 million
  • Preliminary circulating provide: 1.8 million.
  • Public sale value: $0.35
  • Itemizing Value: $0.40
  • 20% of the tokens can be made accessible for the strategic sale at a value of $0.20
  • 10% of the tokens allotted in direction of the foundational reserve can be locked for a interval of 1 12 months, after that every day vesting over three hundred and sixty five days.
  • 20% of the tokens can be allotted for advertising and enterprise growth—20% earlier than itemizing, after which every day vesting over three hundred and sixty five days.
  • 20% liquidity tokens: 20% earlier than itemizing, after which every day vesting over three hundred and sixty five days.
  • 10% of the tokens allotted in direction of the staff can be locked for a 12 months, after which every day vesting over three hundred and sixty five days.

The staff at Polkamon hopes to kickstart the NFT collectible house, and will probably be fascinating to see how the journey unfolds.

Polkamon has introduced their upcoming IDO that can 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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