Binemon’s financial summary and the first reward restructuring

Source: https://binemon.io

Financial summary of Binemon

Updated 28/10/2021

Binemon overview

• BIN Marketcap: $7,800,000
• DRK Marketcap: $9,500,000
• Active players: 23,000

Gross revenue

• Marketplace fee SS1: 5,000,000 DRK
• DRK from NFT pre-sale: 90,000,000 DRK
• BIN from trading taxes, Egg and AMB sales (including converting to BNB for listing, marketing and token buy-back): N/A

Total expenses

• Reward: 1,000,000 AMB (~ 35,000,000 DRK, or 25,000,000 BIN)
• Burn: 50,000,000 BIN
• Burn: 91,000,000 DRK
• Staking at draken.exchange: 140 BNB, 7,800,000 DRK & 2,000,000 BIN
• Exchange listing, marketing, team salary, technology maintenance, etc. : N/A

Fund balance of Binemon

• BIN reserve: 47,000,000 BIN
• DRK reserve (including buy-back of SS1 reward): 16,200,000 DRK

Restructuring Rewards

As previously announced on switching all rewards to BIN token to open up a new self-operating economic system for Binemon, Binemon Team will base the rewards on the project’s revenue and fund balance with occasional recalculation and adjustments of the reward system.

Below are the upcoming changes in Reward that will soon be implemented:

1. PVP Rank Reward

• Players are rewarded by their Rank, which are: Wood < Bronze < Silver < Gold < Platinum < Sapphire < Ruby < Emerald < Diamond. Rank Reward is available from ‘Bronze’ Rank onwards.
• Immediate reward will be granted every time player enters a new Rank (received once for each Rank per season)

2. PVP Season reward

• Players are rewarded based on their ranking position at the end of Season 2.

3. PVP Weekly reward

• Based on your ranking position
• Weekly Reward will be delivered every Monday at 00:00 UTC

4. Beta PVE reward

Removing Battle reward (AMB) and adding amounts to AFK reward with adjustments.

Reference

Website: https://binemon.io

Revenue burn: https://docs.binemon.io/revenue-burn

PVP reward: https://docs.binemon.io/game-play/pvp

Marketplace fee wallet: https://explorer.draken.tech/address/0xB6707A7BB8e83739551bA67846dC8EB9386d6a66

Fund balance of Binemon: https://bscscan.com/token/0xe56842ed550ff2794f010738554db45e60730371?a=0xe56842ed550ff2794f010738554db45e60730371

Team Token locked: https://bscscan.com/token/0xe56842ed550ff2794f010738554db45e60730371?a=0xeaed594b5926a7d5fbbc61985390baaf936a6b8d

BIN token info: https://bscscan.com/token/0xe56842ed550ff2794f010738554db45e60730371

DRK Coin info: https://explorer.draken.tech/