Blockchain technology now has new use cases. Besides supporting crypto trading, it allows users to enjoy an exceptional gaming experience. Over the past few years, thousands of games have been built on various blockchains. Among them is Kryptomon. Do you want to learn more about this game? Keep reading this article.
Exploring Kryptomon
Breeding and taking care of digital pets isn’t a new concept. However, Kryptomon is making it possible for users to earn rewards while doing so. So what exactly is Kryptomon? It is a play-to-earn game running on the Binance Smart Chain. Players breed and care for digital creatures (NFTs) known as Kryptomons.
Moreover, players can use their Kryptomons to battle with other players to earn rewards.
How to Play Kryptomon
As mentioned, players need to breed Kryptomons to start playing this P2E game. Each Kyptomon has a genetic code that determines its traits, including battle strength and visual appearance.
In order to succeed in the P2E game, you must train and take care of your Kryptomon on a daily basis. In case you abandon the digital creature, it will “freeze,” meaning it will die temporarily. To “unfreeze” a Kryptomon, you need to buy several items on the in-game marketplace with KMON tokens.
Some of the Kryptomon Game Features include:
Collecting – You can create a Kryptomon collection even without playing the game. After training your Kryptomons, you can sell them to other players.
Training – You need training tickets to train your Kryptomons. The tickets focus on improving your character’s battle capabilities.
Battling – To advance to the next level of the game, your Kryptomons must win battles against their opponents.
Ways of Earning Money From the Kryptomon Game
As stated, you can earn money by selling Kryptomons. All you have to do is train and equip them with the necessary fighting skills. Another way to make money from Krytomon is by playing the game. Each time you defeat your opponent, you receive some KMON.
The KMON Token
KMON is Kryptomon’s native token. It is used to buy in-game assets and reward players. As of this writing, KMON trades at $0.0061, with a market cap of roughly $5.72 million. The token is ranked 1094. More than 845 million KMON tokens are in circulation, with the total supply being 1 billion.
Tokenomics
Here is how the team behind Kryptomon allocated the KMON tokens:
Pre-seed: 50 million tokens were sold at $0.0025.
Seed: 200 million tokens traded for $0.0035.
Pre-IDO: 50 million KMON were allocated for this stage.
Community: 20 million tokens were made available to the community, with each KMON selling for $0.005.
IDO: The Kryptomon team allocated 50 million in the Initial Dex Offering stage.
Team: 15.1 million KMON were distributed to the developers.
Foundation: The organization managing Kryptomon received 300 million tokens.
Rewards: Over 141 million were set aside to reward players.
KMON Price History
KMON entered the market in August 2021. By November of that year, the token’s price had surged to $0.2, representing a 750% jump from its initial price of $0.05. At the time, holders of KMON were only able to access a small portion of their tokens since the Kryptomon team had locked most of them. In November 2022, KMON reached its all-time low of $0.0059.
Where to Buy KMON
kMON is listed on various centralized exchanges, including OKX, Coinbase, Binance, and Bybit. To buy the token, you need to set up a trading account with any of the mentioned exchanges.
Alternatively, you can use your credit/debit card to purchase KMON on the Kryptomon official website. Also, if you have BNB in your MetaMask wallet, you can use a decentralized exchange like PancakeSwap to convert your BNB to KMON.
The Team Behind Kryptomon
Kryptomon was founded by Umberto Canessa, Claudia Cuccovillo, Bartolomeo De Vitis, and Tomer Warschauer Nuni. Some of the partners and investors who have played a role in Kryptomon’s success include NFTX, Griffin Gaming Partners, Play Studios, and Tal Ventures.
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