Polkamon, the colorful crypto

Polkamon: The digital currency that reminds of Pokemon

Polkamon ranks among the most popular crypto-currencies. However, a large part of the community (especially beginners) do not seem to know its existence. Don’t panic, Coinaute will explain everything! 

Polkamon, what exactly is this project?

Not without reminding the cult TV cartoon “Pokemon”, Polkamon (whose name is close to it, let’s admit it) consists in representing small adorable and animated monsters in the form of non-fungible tokens aka the NFT blockchain. (About which we talk to you in this guide, if you’re interested.)

Dracarys, as Daenerys Targaryen would tell us, these NFT are like little dragons born from eggs, and whose characteristics remain unique to each. 

Characteristics, that’s all well and good, but what are they?

• Polkamon was created from an IDO whose source comes from Etherum
• Its token is called PMON 
• The Polychain Monsters can be linked to a game and art collection
• Compatible with Layer-2
• The original and cartoonish side 
• Unlike bitcoin, copying and duplicating these tokens is impossible. This adds value to their acquisition 
• Some dragons remain available for a long time, and those with a special nature, less

If you want to buy Polkamon, Coinaute invites you to Binance!

How does the Polkamon work?

The Polkamon works by three layers. The base layer, the middle layer and the final layer. 

• The base layer 

Establishes a decentralized ownership system. The ERC-20 token improves the fluidity and validation of transactions on the trading platform, as well as their liquidity. A leverage effect that increases the value of Polkamon. 

• The middle layer 

A “foundation” that enriches the metadata and rich visuals. It allows the connection to applications and the growth of the platform. 

• The final layer

This Polkamon that could be commonly called the “mother layer” is used for the perfect cohabitation of metadata, property and visuals. It is a base built to certify the trust in the property. 

The price of Polkamon 

As I write this article, it is Wednesday, March 16, 2022, and here is the price chart of Polkamon.

source: coinmarket.app

While prices have risen to $90,000 for the Polkastarter BabyDragon and $63,319 for the Moonrock x MorningStar NFT from the Polkamon CoinGecko collection, the market value continues to fluctuate. 

How can the price of Polkamon be affected?

The price of Polkamon fluctuates on a daily basis, but there are reasons for the huge amounts of money mentioned above.

• The PMON prices of the Dragons

They encouraged people to buy an egg with virtual currency, with a limit of 500 USD in order to discover a dragon inside. 

• The PMON Token Price

Dated December 2, 2021, the figures for Polkamon CoinGecko are: 

• The average price of a Polkamon is $12.57
• A trading volume of approximately $2.1 million. 
• A market capitalization of $43.3 million 
• An offer of tokens amounting to : 9,166,470 tokens

• Gas costs

Gas prices in relation to Ethereum remain very high, especially due to the current geopolitical situation with Russia (which supplies 25% of the gas in Europe on average.) 

Especially when it comes to production in terms of NFT and contract. That’s why Polkamon IDO turned to Elrond in order to make a better profit, with more attractive prices.

What is the use of Polkamon?

Blockchain technology will allow Polkamon collectibles to be seamlessly integrated into Layer 2 usage applications, creating a “plug and play” experience. 

The Polkamon team is constantly building relationships with potential partners for L2 use in the gaming, art and other collectibles space.

Why buy them?

1. Improved user experience

Polkamon was originally designed on the Ethereum blockchain like many NFTs. However, these designers moved the project to the Elrond network. This was done with the sole purpose of improving the user experience. An interest for its users that makes people happy. 

The global integration of the Polkamon platform with Elrond offers us several interesting advantages, not negligible especially if one is a cryptocurrency lover, or more precisely an investor in the NFT blockchain.

2. The interconnection of its network

The Polkamon presents to all its users the two-way exchange system between the NFT token and the PMON token. This way, you have a tool that allows you to get this token on blockchains like Polkadot or Ethereum. 

This allows it to have a very high fluidity. The interconnected nature of its ecosystem means that the Polkamon can be used on different apps and widgets.

These mobile apps in native format allow you to view and navigate through your array of digital assets. There are opportunities to get the Polkamon PMON and receive specific information about it. 

While the Widgets serve as glossaries for your rarest specimens.

3. The rarity of its NFTs

One of the most notorious features of the Polkamon is its rarity. This increases its class. It is possible to collect exclusive dragons by opening special eggs.

The digital currency is highly deflationary as PMONs are burned in every transaction. As a result, crypto-currencies are becoming less and less numerous

4. The diversity of its creatures

1. A diverse and unique color scheme in cartoonish styles 
2. Glitter on some of the creatures that tells you their rarity (frequent) 
3. The horn of the dragons changes according to the rarity of the token
4. Dragon species are still emerging, and there are still more to discover. This arouses the curiosity of buyers and interested parties. 

How to manage your Polkamon?

Whoever wants to get Polkamon, will have to learn how to process them and create a worthy wallet to store them. To do this, you will need to invest in draconian eggs (either in traditional or crypto currency) and wait for their hatching. 

Like any auction: wait for it to increase in value. 

Following that, do it again. However, the process will change depending on the Brokers you entrust your non-fungible tokens to.

Mining Polkamon, possible or not?

Being innovative, slightly childish, which will remind you of your excursions or those of your children at the newspaper seller, mining Polkamon looks promising. With improvements in perspective.  

Which wallet for Polkamon? 

Of course, as a virtual currency investor, you’re looking to store your cryptocurrency securely. Whether it’s for your transactions, validating them or even keeping track of them, choosing your broker can be a daunting task. 

Coinaute offers you different wallets to start trading and mining Polkamon, Eth, Bitcoins and other crypto-currencies.

Alvexo :

Benefits: 

• Low fees
• Wide choice of cryptocurrencies 
• Secure 
• Trading signals remain free 
• App available on IOs and Android, so a mobile platform

Capital-com :

Benefits: 

• Intuitive 
• 0% commission 
• Minimum commission deposit of 20 EUR per credit card

Etoro :

Benefits: 

• Wide choice of currencies available, such as CFD cryptos 
• Secure transfer and funds 
• Has a free wallet

Kraken :

Benefits: 

• Large number of transactions with non-instantaneous spending at a low price
• Better trading through its advanced platform
• Low prices  

How popular is Polkamon?

Polkamon ranks 6th among the most popular collections in the world for a volume of about 2,000 ETH. Its positioning is likely to move again in the coming months.

Our opinion on Polkamon

At Coinaute, we like originality and impartiality. Therefore, we couldn’t not present you Polkamon. This crypto-currency has nostalgic echoes – unlike other more modern ones like Bitcoin, or even Pundi X which we also told you about.

The “catch them all” aspect sounds like the theme song of Pokemon, which generations Y and Z are familiar with, and will certainly appreciate the bright colors and the singularity of the right of possession.