Kryptomon PriceKMONInactive

What is Kryptomon (KMON)?

Kryptomon (KMON) is the native token of an NFT play-and-earn Web3 game built on BNB Smart Chain. The project describes itself as a combination of Pokémon, Tamagotchi, and CryptoKitties, where players breed, train, and battle with unique NFT creatures called Kryptomons. Each Kryptomon is a BEP721 NFT with a mutable genetic code composed of 38 randomized parameters that determine its physical and behavioral traits. The KMON token is a BEP-20 asset with a total supply of 1 billion tokens and a circulating supply of approximately 189.84 million. The project launched in 2021 and has since expanded its ecosystem toward cross-chain migration on Polygon.

Key Specifications & Tokenomics

• Name: Kryptomon
• Ticker / Symbol: KMON
• Blockchain / Platform: BNB Smart Chain (BEP20); also referenced on Ethereum
• Token Standard: BEP-20
• NFT Standard: BEP721
• Total Supply: 1,000,000,000 KMON
• Max Supply: 1,000,000,000 KMON
• Circulating Supply: 189,843,488 KMON
• Launch Date: 2021
• Category: Gaming, Collectibles & NFTs, Play To Earn, Non-fungible Tokens
• Audits: CertiK Rating 3.4
• Explorer: bscscan.com
• Official Website: https://www.kryptomon.co
• Whitepaper: https://kryptomon.co/white-paper/

Who created Kryptomon?

Kryptomon was founded in April 2021 by Umberto Canessa Cerchi, who serves as CEO and Founder. The founding team includes Bartolomeo De Vitis as CFO, along with a Chief Strategy Officer role referenced among the founding members. The project was established by global gaming professionals. In May 2022, Kryptomon announced a $10 million Series A funding round led by NFX, bringing the company's valuation to $50 million. Prior to that, the project completed multiple private and public token sale rounds, raising a total of $1.36 million across five rounds from investors including Exnetwork Capital, DAO Maker, Icetea Labs, Griffin Gaming Partners, and Poolz Ventures.

How does Kryptomon work?

Kryptomon operates as a Web3 metaverse game where players act as Trainers of individual NFT monsters. Each Kryptomon possesses a unique genetic code made up of 38 randomized parameters that define all aspects of the creature, both physical and behavioral. These creatures are capable of learning, falling sick, getting hungry, and protecting their trainers. Trainers must care for, feed, and train their Kryptomon partners to help them grow and prepare for battles. The game incorporates location-based technology through the Kryptomon Full-Moon Treasure Hunt, which enables players to find and mint NFTs in the physical world around them and bring them onto the blockchain. Kryptomons can also breed to create genetically new NFT creatures based on the DNA of both parents.

What makes Kryptomon unique and valuable?

Kryptomon positions itself as the first Web3 game that merges its metaverse into the physical world through location-based gameplay. The project uses advanced blockchain technologies, digital genetics, and location-based technologies to create what it describes as genetically-unique living NFT creatures that are truly alive on the blockchain. In December 2021, Kryptomon launched the Tamagotchi Phase, making it the first company in the world to create a living NFT creature on the blockchain. The 38-gene DNA system ensures each Kryptomon is completely unique, and the mutable genetic code allows creatures to evolve over time. The project also offers cross-chain migration to Polygon through Chainlink CCIP, expanding its interoperability.

What is Kryptomon used for?

The KMON token serves multiple functions within the Kryptomon ecosystem. Players can earn KMON by completing Daily Challenges. The token is spent to purchase Kryptomons on the BNB Chain and to participate in various in-game actions. KMON is also used for breeding, training, and battling mechanics. As the native BEP-20 token of the metaverse, KMON facilitates transactions and interactions within the game economy. The token has a total supply of 1 billion, with approximately 19% currently circulating. KMON is available on multiple trading platforms and supports staking through various reward programs.

How Is the Kryptomon ecosystem developing?

The Kryptomon ecosystem includes the core metaverse game, the Full-Moon Treasure Hunt location-based experience, and the Tamagotchi Phase launched in December 2021. The project has expanded from BNB Smart Chain toward Polygon through a cross-chain migration using Chainlink CCIP, described as KMON's New Era. Community engagement includes a $50,000 prize pool in KMON and a Community Badge available on CoinMarketCap. The project has attracted over 29,000 holders and maintains an active presence on social media platforms including Twitter and Facebook. Staking rewards are available through platforms that compare KMON reward rates, fees, and lock-up periods.

How to mine Kryptomon?

KMON is not mined through traditional proof-of-work mechanisms. Instead, players earn KMON tokens by completing Daily Challenges within the Kryptomon game. The token operates on BNB Smart Chain as a BEP-20 asset and can also be referenced on Ethereum. Staking opportunities exist for KMON holders, with platforms like StakingRewards.com providing comparisons of live KMON reward rates, fees, and lock-up periods. Players can also acquire KMON through various trading markets and use it to purchase Kryptomons, breed new creatures, and participate in in-game activities. The project's play-and-earn model rewards active participation in the ecosystem.

How to keep your Kryptomon Coin safe?

To keep your KMON tokens safe, store them in a reputable wallet that supports BEP-20 assets on BNB Smart Chain. Hardware wallets provide enhanced security for long-term holdings by keeping private keys offline. Always verify contract addresses before interacting with any token, and be cautious of phishing attempts or unofficial links. Since KMON also has cross-chain functionality toward Polygon, ensure you use official bridges and follow the project's official communication channels for migration instructions. Enable two-factor authentication on any exchange accounts holding KMON, and never share your private keys or seed phrases with anyone. Regularly check the official website and verified social media accounts for security updates and announcements.