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. Kryptomon was founded in 2021. The project states it is expanding toward cross-chain migration to Polygon via Chainlink CCIP; readers should confirm current migration status on official channels.

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 (BNB Smart Chain contract deployed May 31, 2021; CoinMarketCap listing date August 17, 2021)
• Contract Address (BNB Smart Chain): 0xc732b6586a93b6b7cf5fed3470808bc74998224d
• Contract Address (Ethereum / ERC20): 0xc4170fd71eced3c80badca77f4e12e8aac1e3436 (deployed February 5, 2024)
• 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 2021 by Umberto Canessa Cerchi, who serves as CEO and Founder. The founding team includes Bartolomeo De Vitis as CFO and Amit Peled as Chief Strategy Officer (CSO). 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 several token sale rounds; backers across its funding include NFX (lead of the Series A), Griffin Gaming Partners, DAO Maker, ExNetwork Capital and Icetea Labs.

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 describes itself as one of the earlier Web3 games to merge its metaverse with 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. According to the project, the December 2021 Tamagotchi Phase made it the first company to create a "living" NFT creature on the blockchain. The 38-parameter genetic code is randomly generated at birth and is designed to make each Kryptomon distinct, with a mutable code that lets creatures 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. The project also runs its own NFT Market, where users can buy and sell Kryptomon NFTs, collectibles, game elements and consumables, mainly using KMON. KMON is available on multiple trading venues; any third-party reward or yield programs are not part of the project's documented token utility.

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 games are developed by Pink Moon Studios, which works on three titles — KMON: Genesis, KMON: Pink Moon and KMON: World of Kogaea — with one Kryptomon Digital Collectible (NFT) granting access to all titles. The project states it is expanding toward cross-chain migration to Polygon via Chainlink CCIP, described as KMON's New Era. A past community event advertised a $50,000 prize pool in KMON, with a portal opening on May 9 (per the project's Facebook post). The project reports a community of about 450K members across all social channels combined. The project maintains an active presence on social media platforms including Twitter and Facebook.

How to mine Kryptomon?

KMON is not mined through traditional proof-of-work mechanisms. KMON has a fixed total supply of 1,000,000,000 tokens; new KMON is not produced by mining, and players obtain tokens through in-game rewards such as Daily Challenges or by purchasing them on the market. The token operates on BNB Smart Chain as a BEP-20 asset and can also be referenced on Ethereum. 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. As with any crypto asset, the price of KMON can be volatile, and regulatory and technical risks may affect the project; this information is not a guarantee of safety or performance.