Polychain Monsters Land Genesis Token price

PMLG

As there are a variety of ways to interact with the Polychain Monsters ecosystem, we wish to reward each type of collecting method with their own chance to collect $PMLG. That being said, we have plans to incorporate three ways to earn $PMLG tokens: Part of the total $PMLG supply can be claimed weekly by our collector stakers in accordance with their Collector Scores. Part of the total $PMLG supply can be obtained by staking $PMON on Ethereum, BSC and Polygon. Part of the total $PMLG supply will be available in our Polymon Booster Packs (in the form of “Land Tickets” which can be exchanged for $PMLG on the Polychain Monsters website). Aside from their resource-generating utility, owning a Genesis Island enables you to harvest $PML (Polychain Monsters Land) tokens at a set rate. Collecting enough $PML enables you to mint a Personal Island, which acts as a buildable NFT containing important Polychain Island resources. As the total number of Genesis Islands is restricted by a hard-cap of 1,000 instances per archipelago, $PMLG, $PML and Personal Islands also exist in finite quantities. There can only ever be 3,000 Personal Islands per archipelago, and both $PMLG and $PML are limited in issuance to ensure that these quantities are kept as intended.

Polychain Monsters is essentially a trading game created using blockchain technology and borrowing the mechanics of the popular in the 90s Pokémon cards trading. The right mix of nostalgia and technology, it was launched right into the NFT craze of Q1 2021. Each Polychain Monsters digital monster is a collectible artifact with unique properties and rarity. PMON is a native ETH-20 token of the Polychain Monsters platform, necessary if one wants to purchase new Polychain Monsters or to unlock new features. To learn more about this project, check out our deep dive of Polychain Monsters. Polychain Monsters was founded in early March 2021 and it soon secured a $740,000 funding round from six strategic investors, led by Moonrock Capital and Morningstar Ventures. An IDO (initial dex offering) event at Polkastarted on Mar. 31, 2021 has helped the founders raise approximately $100,000. Two weeks after launch, it has successfully placed itself among the [top ten] (https://etherscan.io/topstat#Token) most used ETH tokens, burning millions only on gas fees.

Polychain Monsters was founded by three software professionals from Bremen, Germany: Leif Eric Leiser, Lennart Brandt and Finn Hansen. Leif Eric Leiser is the team’s CEO and software engineer. In parallel with Polychain Monsters as of April 2021, he worked as software engineer at a DeFi platform Tixl.Finance and is running eco-shop chain Beleaf as co-founder and software engineer. Before that, he has had numerous short contract jobs and internships in software engineering and product development, including such companies as Philips, Lufthansa and Elbstack. He holds a master’s degree in industrial engineering from Hamburg University of Technology, which he finished in 2018. Lennart Brandt is Polychain Monsters chief marketing officer (CMO), chief product officer (CPO) and software developer. He is also known as the founder of JoinWeBurn.com, a popular fitness app. Like Leiser, he worked on Tixl.Finance in the position of a UX designer and up to founding Polychain Monsters has also worked at Elbstack, a German software company, as a serial entrepreneur for various projects, playing roles of product designer and react native developer as well. He has a bachelor’s in business informatics (BI) from IBS IT & Business School Oldenburg. Finn Hansen is the third partner, who serves Polychain Monsters as a full-stack software engineer. Along with the other two co-founders, he worked at DeFi platform Tixl.Finance, where he holds the position of software engineer.d

PMON tokens are standard ERC-20 tokens, while the Polkamons can be minted as ERC-721, a non-fungible token, meaning that it runs on and is secured by the Ethereum blockchain. Ethereum, in turn, is secured by its Ethash proof-of-work function. ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network. For example, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants. This has already happened in the early days of Ethereum when in 2017 the first popular game based on smart contracts called CryptoKitties has completely clogged the network.