Recap AMA — Dig deeper into Binemon
1. Can you introduce yourself to the community? What is your background and how did the team build your project?
Hello everyone. I’m Lucy Ellen, Business Manager of Binemon project. I have 5-year experiences in project management related to Cryptocurrency, competence in Blockchain industry since 2015.
- Binemon team are game and technology enthusiasts. We have set a very determined perspective of Blockchain potential since 2015
— Legal Enterprise is located in the United Kingdom. Our team members are from different parts of the world. We aim for decentralization even in our human resource, so that the project’s life does not become dependent of any individual, including our founder or CEO.
In 2019, we did numerous researches on Axie Infinity — the first GameFi project in the industry and have conceptualized how NFT game model can play a huge role, as well as having great potential in the future. As you have already known, everything was not crystal clear at the time; in 2020, we developed detailed plans and gathered human resource and began to construct the foundation of the project; 2021 has witnessed the remarkable success of Axie Infinity, which had opened up a new are of GameFi and NFT games. The market began to quickly catch up with the trend with not so high standard and attractive products. Then we started to speed up the process to achieve the set targets: bringing to the market an innovative game in terms of graphics, gameplay and great application of NFT and P2E, which we are confident of claiming the spot for the most captivating and polished game in the blockchain game market.
2. Can you briefly describe what is your project to us?
To put it simply for easier conceptualization, Binemon is an V2 Axie with flawless graphics, gameplay, character, storyline and Play-to-earn model
Meanwhile, we took advantages in using special mechanisms to hook players more into the game such as gacha (random), 10-component Mon (NFT) and allowing players to go around the tailored skill system and create a formation of 5 Mons in a battle with their best strategies Our major selling points are the diverse gameplay system that consists of PVP, PVE, GVG (Guild), Land, Build, all can be implemented with P2E model to further diversify how players can generate income from the game with up to 18 different methods.
3. Can you explain to us, what makes your project different from other competitors?
1.Our project’s nature is truly a game that players can immerse themselves in and use regularly as a form of entertainment, which consists of elements of competitiveness and connection between players and within the Binemon community. That is the crucial factor contributing to the success of traditional games that we have experienced.
- Binemon is confident of our graphics, animation and storyline differentiations
- Character system (NFT) inspired from viral internet memes and figures such as the Shiba dog, Pepe the frog, Marvel, DC, anime characters
- Idle gameplay is suitable for all ages
- We even have our own Metaverse inside the game (have you played “Play Together?”)
2. Profit-making mechanism that meets the 2 most important requirements: depth (sustainability) and width (diversification)
- Some of the existing NFT games in the market have been seen to abuse P2E at a high degree, leading to their fast rise in the popularity and then collapsed under the pressure of the immense cashflow that can not be fulfilled
- We have planned out the detailed roadmap of 10 phases in the complete development of the project within 2 years with various features to be introduced that will unlock all 18 methods of generating income from playing the game. For example: NFT trading, play modes rewards, land trading, farming, advertising,…
3. Binemon Token set on BSC for easier listing on major CEXs, which will better facilitate trading the token. Our Dapp and token reward are set on private chain to allow optimal efficiency and performance, near-zero gas fee ($0,0000x/TX). Moreover, we fully own a Decentralized Exchange to exclusively serve the staking, farming and reward liquidation of our players.
4. What are the major milestones your project has achieved so far?’
- Available on iOS (TestFlight) , Android and Web browser
- 26,500+ BIN holders
- Token price is stable at ROI ~10x since IDO (ATH ~ 40x) / Liquidity Pool ~ 3M$
- Game: 160,000+ accounts / 460,000+ NFTs created / 2.9 million TX made / 100,000+ Installs on Google Play Store / Full 10,000 testers on TestFlight since 13/8/2021
- Community: 137,000+ Telegram members / 130,000+ Twitter followers / ~50,000 Filipinos members on fan-made Facebook page / Around 14 countries have joined Binemon.
Binemon incessantly makes the best efforts to reach many achievements in the near future.
5. What are your further plans for your project?
Let’s take a look at our progress in the near future:
- October 5th, 2021: officially adding Daily Reward and Weekly Battle Reward for PVP
- Currently, players can reap benefits from Season Reward (monthly) and Rank Reward
- October 28th, 2021: Release PVE
- The first feature of Binemon Metaverse is expected to be introduced within October, 2021
- Marketing campaigns are starting from now. Our Marketing campaigns are beneficial for short term and long term.
- New partnerships More in Roadmap: https://docs.binemon.io/roadmap-1
Behind our outstanding features bringing to community, Binemon is confident to reach our set milestones and become the leading GameFi project in Crypto Market.
6. Could you share about tokenomics ad how to allocate BIN tokens?
📌 Contract
https://bscscan.com/address/0xe56842ed550ff2794f010738554db45e60730371#code
🔹 Network: Binance Smart Chain
🔹 Name: Binemon
🔹 Symbol: BIN
🔹 Decimals: 18
🔹 Contract address: 0xe56842ed550ff2794f010738554db45e60730371
🌟 Mechanism: 2% buying fee and 5% selling fee allows the project to generate inflows to cover marketing and product development expenses.
📌 Tokenomic
— IDO: 40%
— Liquidity pool: 40% (locked for 1 year)
— Dev team: 15% (locked for 10 year)
— Airdrop & IDO Fees: 5%
Note about the allocation for Dev team:
After 1 year of token lock at Unicrypt, the 15% $BIN token (owned by dev team) will be further locked by another 3rd party for the following 9 years (plans for vesting and KPI-based voting can be considered).
The plan has been set for Binemon to perfect itself with fully equipped features (Gameplay, Land, Guild, Metaverse) in 2 years, which must be subsequently accompanied by the proper operation and expansion towards DAO. Therefore, the 10 years time of token lock for Binemon Team is crucial to reflect our spirit and commitment in achieving these goals.
— There is no Private Sale, which means we won’t be under pressure each unlock time. The circulating supply are reaching the maximum amount. It is beneficial for both of users and project. It’s different from other projects which there is a large amount of tokens sold each unlock time.
🔥 Burn:
— Binemon conducts Revenue Burn program, with all $BIN token revenue generated fron Egg and Ambrosia (AMB) sales to be burned with the target of 20–25 million $BIN every month.
— Total burned amount within the past 31 days: 40,000,000 $BIN (approx. $865,000).
7. Could you please explain about Play to earn mechanism?
Binemon would deliver many Play-to-earn mechanisms and enhance the business model with unrivalled features to maximize the potential of Metaverse:
- PVP Daily Reward and PVP Battle Reward
- PVE Campaign, PVE Tower, PVE Dungeon, PVE Boss
- AFK Reward: Mons (NFTs) staking
- Tournament
- GVG (Guild) Rewards
- BineLand: Land growth in value, Farming Reward, Building and Trading
- BineAds: Reward from advertising
Currently, Binemon has launched Season 1 with Battle rewards:
— Season Reward: players can receive up to $ 50k for the top ranking every 30 days.
— Battle Reward: weekly
— Daily Reward: everyday
— Rank Title Reward: anytime
8. “Chat Together” will have the feature — Metaverse. Could you please explain more about Binemon Metaverse?
“Chat together” — the first Metaverse feature in Binemo World.
Players (Mons) will join a shared lobby to have 3D interactions, chit chat and party.
Purpose:
— Create great entertainment value and competition
— Diverse reward system and sustainable develop plan
The first feature of Binemon Metaverse is expected to be introduced within October, 2021
This is just beginning for our smart economics within Binemon Metaverse.
Binemon Metaverse is developed including three elements: consumption, production and distribution
Binemon is designed from scratch to deliver a Smart Economics system, which is ready for the above criteria and expansion of its beautiful world.
9. Security is critial to asset management services. So what are Binemon considerations in this regard?
Security is the most important key Binemon put on priority.
1. Liquidity Pool locked for 1 year by http://unicrypt.network
2. $BIN Contract has been successfully audited by SolidProof
✅ Contract: 0xe56842ed550ff2794f010738554db45e60730371
🔗 Report: https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_Binemon.pdf
According to the audit report, the contract of Binemon Token is absolutely safe.
10. Could you please provide Binemon Social media?
Binemon official social media:
🌐 Website: https://binemon.io
📙Whitepaper: https://docs.binemon.io/
🌐 Marketplace: https://app.binemon.io
📰 Twitter: https://twitter.com/binemonnft
📣 Channel: https://t.me/binemon
🎞 Youtube: https://www.youtube.com/channel/UCmgmzpV4C7Jb86fxBNTtUmw
📰 Instagram: https://www.instagram.com/binemonnftgame/
💬 Discord: https://discord.com/invite/rwf4jnVuh5
💬 Global Group: https://t.me/binemonchat
11. Since players are now less focused on the long-term development of the game, they are only focused on the first stage of the project and its price. So, do you have any plans to retain and increase the number of users? What strategies do you use to attract gamers?
Thanks so much for great question. This is the target for Binemon to attract many investors and Gamers. Binemon is a virtual pet NFT game combined with elements of an Idle RPG game.
First of all, there are more than 160,000 players and Testflight version for IOS is full of beta only after 1 week. This milestone is proven that Binemon has the success of the early stage since released.
Investor retention and increase in the number of user — the target Binemon want to put priority. Binemon developers have a wealth of experiences and are always active to update Binemon products, upgrade features and enhance Play To Earn model incessantly and continuously.
Moreover, players create for their own Guild in Game. We are witnessing the early establishment of guilds, although GVG (Guild vs. Guild), a unique and exciting gameplay feature of Binemon, is still under development. Binemon will organize a new dedicated reward system for the competition between Guilds in PVP Ranking Season 1.
Currently there are 14 countries have joined Binemon, especially we have 50,000 Filipinos members on fan-made Facebook page. That’s the reason Indonesia Community is the group community we want to expand and promote Marketing.
Indonesia Telegram: https://t.me/binemonindonesian
12. Can you explain why BinemonNft is based on DRKChain, what are its advantages and how secure is it?
There are two most popular Blockchains: Ethereum and Binance Smart Chain, but many disadvantages from exorbitant gas fees or network congestion. Exorbitant gas fees have nearly posed challenges to the creativity and innovation of NFT Gaming project launches or even it is much more expensive than the rewards for players. Moreover, network congestion gives rise to lost user engagement for existing projects.
Binemon uses its specific Blockchain. Binemon focuses on gameplay to bring the best NFT game experience ever. Therefore, blockchain performance is important for Binemon to scale up to millions of players.
So, why DRKChain?
1️⃣ Fast and stable transaction speed (up to 5000 TPS, block time of 2-second), which took inspiration from Ethereum 2.0, ensuring a smooth experience.
2️⃣ Cheapest gas fee helps save cost for player’s activities and transactions on NFT Marketplace.
3️⃣ Smart Contract and DRK privacy protocol brings customization, high security in line with the constantly upgrading nature of NFT games.
4️⃣ This is a new blockchain platform with low market cap and promises high profit potential for players’ achievable rewards when joining Binemon
13. Could you describe briefly about the story of Binemon Game?
Binemon Game Plot:
In a distant galaxy lies a planet called Earth…
One day extraterrestrial creatures appeared and created a new species called Mons in their own image to conquer the vast lands of Earth.
The world was divided into 5 main continents: Wood, Ice, Fire, Water and Desert, located in the center. The Mons proliferated around the world, living mainly in 4 continents. Due to its centered position, Desert acted as a border between the remaining continents, maintaining the balance of power.
A long time later, a group of merchants was traveling through the Bine Desert and discovered the mysterious tower named Binemon Tower, accidentally activated and rose high in the middle of the desert. Mons were fused together into Binemons with special powers. To possess the extraordinary power of the Binemons, the continents began to compete over the privilege to exploit Binemon Tower.
The main character (player) arrived and discovered Binemon Tower’s hidden secret. Being the only one to discover the outrageous secret, the main character set on his path across the vast continents to convince people of the coming threat and recruit heroes to altogether destroy the Binemon Tower, while preparing for the frightening invasion from the galaxy far away…
Details: https://docs.binemon.io/story-of-binemon
Binemon Game task:
Simple steps for players to start with @Binemon :
1️⃣ Prepare $BIN
2️⃣ Buy Egg (use $BIN) → hatch Mons
3️⃣ Buy Ambrosia (use BIN) → fuse Mons (level up)
4️⃣ Build an army of Mons ready for PVE, PVP Battle modes in the future (and even more)
OR buy/sell Mons on Binemon’s NFT Marketplace
14. What is the role of BIN token in the ecosystem? Where can users currently buy it, and what would be its use?
✅ $BIN Token represents the total marketcap of the project and best reflects the growth of Binemon. $BIN is set on Binance Smart Chain to allow more convenience in trading.
✅ $BIN Token can now be used for Egg purchases (break to get NFTs) and Ambrosia (fusion & stamina refill). In the next coming phases, Binemom keeps developing and upgrading game, so that players could use $BIN for more different purposes.
Binemon Token (*$BIN*) 🦄
Contract
🔹 Network: Binance Smart Chain
🔹 Name: Binemon
🔹 Symbol: BIN
🔹 Decimals: 18
🔹 Contract address: 0xe56842ed550ff2794f010738554db45e60730371
Exchange
🔹 PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0xe56842ed550ff2794f010738554db45e60730371
🔹 https://www.bkex.com/trade/BIN_USDT
🔹 https://www.lbank.info/exchange/bin/usdt
🔹 https://hoo.com/innovation/bin-usdt
15. With so many types of games on Binemon can you briefly describe one of PVP, PVE, GVG (Guild), Land, Build?
PVP: (Player vs Player)
Overview:
A completed fighting formation requires 5 Mons. Players are able to arrange Mon’s position or select a pre-arranged formation before entering the combat.
The combat in Play Mode is turn-based, which means there will be specific order and target for each turn during the battle.
There is a time limit for each combat. In the case of failure to defeat all Mons of the opponent within the time limit, the attacking player will be considered to lose the combat. Player will be able to speed up the combat speed by selecting “x2”
Ultimate skill will be unleashed in the next turn when the MP bar (max=100) is fully filled up.
Currently, Binemon has launched Season 1 with Battle rewards for PVP
- Season Reward: players can receive up to $ 50k for the top ranking every 30 days.
- Battle Reward: weekly
- Daily Reward: everyday
- Rank Title Reward: anytime
Details: https://docs.binemon.io/game-play/pvp
For details, please follow our Telegram channel: https://t.me/binemon
We can explain more about PVE, GVG (Guild), Land, Build
16. Game with the theme of Collecting, RPG, with a very interesting and cool 3D view. Where can I play it on mobile or PC? or maybe both?
What you need is a PC or a Smartphone or Tablet. Remember to set Metamask available to make transactions with ease.
Note: *Currently IOS version was full of downloads. We will update Binemon on App Store in the near future. Stay connected with us to update the latest news. You can use PC to join our Game
Binemon app is available: https://app.binemon.io/
Binemon’s official web browser version: http://app.binemon.io/play
The convenience of Binemon Game might get too addictive to all kinds of players! 🤩
