Article Summary, Automatically Generated By AI
Summary of Binemon
Key Points
- Binemon is a virtual pet NFT game on Binance Smart Chain.
- Players collect and trade eggs, ambrosia, characters, items, and land.
- Game features PvP and PvE modes with cryptocurrency rewards.
- Over 140,000 players as of September 2021.
- Roadmap consists of 10 phases, with Phase 2 currently underway.
Founders and Uniqueness
- Founders’ identities not disclosed.
- Game features both PvP and PvE gameplay.
- Combat is turn-based and time-l
About Binemon: A Revolutionary Gaming Ecosystem
Introducing Binemon (BIN): A Revolutionary Digital Asset
Binemon is a captivating virtual pet non-fungible token (NFT) game built on Binance Smart Chain, seamlessly blending elements of an idle RPG game. Players can collect, trade, and nurture a diverse array of digital assets, including eggs, ambrosia (fusion), characters, items, and land. Furthermore, players can engage in thrilling battles in both player-versus-environment (PvE) and player-versus-player (PvP) modes, with the opportunity to earn cryptocurrency rewards. Inspired by the iconic comic book style reminiscent of Pokémon, the game is set on a vibrant Planet Earth, where extraterrestrial beings have created and left behind enigmatic creatures known as “Mons.” These Mons, represented as unique NFTs, can be collected, trained, and pitted against other players and their Mons in epic battles. As players venture through the infinite open-world landscape, they can discover and collect Ambrosia (AMB), the coveted in-game resource that enhances and empowers their Mons.
As of September 2021, Binemon has already attracted a thriving community of over 140,000 players, with its inaugural chapter, Prometheus, currently underway. A meticulously crafted roadmap outlines the project’s ambitious trajectory, promising a plethora of innovative features, quests, and storylines on the horizon. This roadmap is divided into ten distinct phases, with each phase slated for completion every two months, and the team is presently working diligently on Phase 2.
The Visionaries Behind Binemon: Meet the Founders
Notably, Binemon’s website and whitepaper omit any mention of its founders.
However, the game’s diverse community, comprising Filipino, Chinese, Indian, and Vietnamese
Telegram groups, suggests a significant Asian player base. This, in turn, lends credence
to the assumption that the development team may also hail from Asia, a region that has
already given rise to similar games, such as My DeFi Pet, developed by Asian teams.
Unveiling the Unparalleled Essence of Binemon
Binemon boasts a dynamic gameplay experience, seamlessly integrating both player-versus-player (PvP) and player-versus-environment (PvE) elements. In the heat of battle against other players, a strategic player carefully selects five Binemon and meticulously arranges them in a deliberate formation before engaging in combat. The turn-based combat unfolds within a time-sensitive framework, with the victorious player being rewarded with AMB tokens and presented with the opportunity to enhance their ranking and potentially claim a coveted seasonal award.
Binemons can be obtained by purchasing eggs using BIN tokens. These Mons are randomly hatched from eggs, featuring four distinct racial categories: canine, feline, unicorn, and titan. Each race is further divided into five distinct classes: fighter, archer, mage, tank, and support. Moreover, Mons possess a unique combination of:
- Eight distinct bodily attributes: cranium, torso, caudal section, auricular organs, visage, cutaneous layer, keratinous protrusion, and wings
- Three primary attributes: strength (influencing damage output and health points); agility (governing attack velocity and armor proficiency); intelligence (impacting magical prowess, spellcasting velocity, and magical resistance)
- Five equipment attributes: critical strike probability, critical damage amplification, evasion chance, health regeneration, and mana regeneration
- Two skill categories: passive abilities influenced by racial traits, and ultimate abilities determined by class affiliation
- Seven hierarchical ranks
- Three developmental stages: infantile, adolescent, and mature forms
With a range of 1 to 100, each Mon boasts a unique identity, tailored to individuality. Furthermore, Mons can be fused, yielding a higher-ranked entity. In addition to fusion, Mons possess the capacity to evolve across classes and levels, while innate skills are acquired at birth, making each Mon a distinct entity.
The game also boasts a rich PvE campaign, where players can elevate their Mons to new heights, with a plethora of forthcoming campaigns and formidable bosses slated for future releases.
What Is the Circulating Supply of Binemon (BIN) Coins?
The total token supply of BIN is capped at 1 billion. A 40% allocation was designated for the IDO, while an additional 40% is reserved for the liquidity pool, subject to a 1-year lock-up period. Furthermore, 15% has been vested to the developer team, with a 1-year vesting period, and the remaining 5% is set aside for airdrops and IDO fees.
A 2% buying fee and 5% selling fee are levied to facilitate the project’s revenue streams, which are allocated towards covering marketing and product development expenditures. Notably, BIN can be utilized to acquire eggs that spawn Mons (NFTs) and Ambrosia, the in-game currency employed for fusion and Mon stamina. Furthermore, in forthcoming phases, players will have the flexibility to utilize BIN for a broader range of purposes.
The Security Architecture of the Binemon Network
BIN is a BEP-20 token situated on the Binance Smart Chain (BSC). The immersive Binemon game is seamlessly hosted on Draken, a blockchain platform that operates on a proof-of-stake consensus mechanism. The development team opted for Draken due to three compelling reasons:
- Experience seamless transactions with our platform’s remarkable speed, boasting up to 5000 transactions per second and a swift two-second block time, inspired by the innovative architecture of Ethereum 2.0.
- Enjoy cost-effective gas fees that minimize expenses for players’ activities and transactions within our NFT marketplace, ensuring a more economical experience.
- Our smart contract and DaRK privacy protocol synergy provides “privacy on demand,” customization, and robust security, perfectly suited to the dynamic and ever-evolving landscape of NFT games.
The Binance Smart Chain (BSC) is fortified by the proof-of-stake consensus mechanism, which ensures the integrity of the network. Every 24 hours, a cohort of 21 validators is elected to validate transactions and safeguard the blockchain’s security. To be eligible for this esteemed role, these validators must stake a predetermined amount of BNB coins with Binance, thereby demonstrating their commitment to the network’s stability.
Binemon Trading: Anticipated Launch Timeline
Binemon officially debuted on August 24, 2021, on the Binance Smart Chain, marking a significant milestone in its journey.
Acquiring Binemon (BIN): A Comprehensive Guide to Exchanges and Marketplaces
BIN is listed on prominent exchanges, including PancakeSwap (V2) and LBank. For those seeking to delve into the realm of cryptocurrencies and initiate their investment journey, our comprehensive education portal, Alexandria, offers a wealth of informative resources.
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Peruse CoinMarketCap’s curated list of the top 10 NFT games that dominated the landscape in 2021.
Stay abreast of the latest developments in the cryptocurrency landscape and gain valuable trading insights with CoinMarketCap’s premier educational resource, Alexandria.