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23 April 2021

Polkamon IDO Recap: The Successes, $1 million in Gas Fees Paid, and Polkadot’s Growing NFT Scene

Polkamon IDO Recap: The Successes, $1 million in Gas Fees Paid, and Polkadot’s Growing NFT Scene


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Like in Pokémon, each Polkamon digital card is unique, yes, but varies in value—a twist that makes the whole NFT thing interesting.

Each digital monster is, in reality, an NFT that can be unpacked using Polkamon’s native currency, PMON.

Besides, each PMON token can be staked alongside a Polkamon monster.

By Mar 29, POLS token holders had to claim their Eggs directly from the Polkamon website under the POLS pool. .

For how Polkamon is designed and the limited supply of PMON tokens, it was no surprise that thePolkamon IDOwas a success, generating hype.

There were 128,571 tokens set aside for the public, and each PMON token sold for $0.40.

The Polkamon team hoped to raise 13.13 ETH, but at the end of the IDO, they had swapped 128,571 PMON, reaching their hard cap and raising 27.77 ETH—or roughly $$49.3k, according toEtherscan.

PMON tokens were released to private and public investors on the same day.

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