Recap: Binance Smart Chain AMA Series with Polychain Monsters
By: Lennart Brandt
Tags: Binance, Nft, Polkamon, Nft Collectibles, Binance Smart Chain

Yesterday, we were invited to participate in the Binance Smart Chain AMA (Ask Me Anything) Series and introduced our beloved Polychain Monsters to the Binance Smart Chain community in their official Telegram Group with over 30,000 active members.

The response from both our communities was overwhelmingly positive, so we would like to summarise this exclusive AMA, especially for everyone who couldn’t participate.

AMA Recap

Participants: PMON: Lennart (@brandtnew) / Binance: Hans Y (@yhp92)

Binance: Nice to meet you @brandtnew and welcome!!

PMON: Hello @yhp92! Hi everyone. Thanks a lot for joining today!

Unichick (Binance Smart Chain)

Binance: Whoa hahaha that’s really cute! It is awesome to have you here today to talk about Polychain Monsters. First of all, people are curious about who you are. Could you give us a brief introduction?

PMON: Yes, sure 🙂 I’m Lennart, the Chief Marketing Officer & Co-Founder of Polychain Monsters (formerly Polkamon — we just rebranded 🔥).

Before co-founding Polychain Monsters a few months back, I ran a few App subscription startups and worked in the DeFi space on the side. My whole childhood consisted of watching animes & playing video games, so I’ve been collecting monsters for over 25 years. 🐉

So when Leif, our CEO approached me with the idea of Polychain Monsters, I didn’t think twice to join the team! We’ve been longtime friends which makes things a lot easier too 😉

Binance Smart Chain Unidragon

Binance: Haha same I like collecting cards too! Oh, a Binance monster!

PMON: The Binance Smart Chain Unidragon 🙂

Binance: This must be an awesome member of the Polychain Monsters world! Could you introduce more about the project?

PMON: It is! Dragons are my favourite 😉

With Polychain Monsters, we aim to create a digital collectibles and gaming ecosystem with mainstream appeal. At the core, we offer animated NFTs, which can be unpacked from digital booster packs using the platform’s native token ($PMON) on Ethereum and Binance Smart Chain.

Each booster pack includes 3 Polymon (as our community names them) with randomly selected traits such as type, colour, horn and a glitter effect. Each attribute differs in rarity, which makes some combinations extraordinarily scarce and desirable.

Our NFTs are already being traded on secondary marketplaces such as OpenSea for up to $50,000. Each week, our collection gets expanded by special-edition drops alongside partnerships with projects like Chainlink, Elrond and Polygon.

In addition, these NFTs will play an integral part in multiple on-chain and off-chain games — these are currently being developed.

And … regarding Market Places … 😉 I can’t wait to see our collection on Binance NFT soon!

PancakeSwap Uniair

Binance: Dude your NFTs are really exquisitely made. But beyond its appearance, what makes this different from other NFT projects out right now?

PMON: Thanks a lot! 🙏

First, Polychain Monsters differs from other NFT projects by randomly creating digital collectibles with high-quality 3D art instead of the 2D pixel art of some other crypto collectibles. These artworks are designed by a creative team well-known for their work in international multi-million dollar movie productions.

I don’t know any other project that created digital booster packs before 😉

Second, next to being an NFT and gaming product, Polychain Monsters borrows well-established features from traditional decentralized finance (DeFi) projects, including ERC-20 and BEP-20 PMON staking, as well as our soon to be released Collector (NFT) Staking (currently in BETA).

Third, Polychain Monsters is a Multi- & Cross-Chain product. We initially started development on Ethereum. However, as gas fees on Ethereum began to climb, a growing number of community members were priced out of the project. To address this, we started our cross-chain journey — beginning with the integration of Binance Smart Chain (BSC).

One week after integrating BSC, our community had opened over 50,000 booster packs! To me, this shows how valuable a fast & inexpensive network like Binance Smart Chain is!

Sushi Unisheep

Binance: I see! Can you tell us what exactly can we do with PMON token?

PMON: Sure! With PMON, our native ERC20 and BEP20 token, you can open our digital booster packs containing three randomly created Polymon, as mentioned before.

https://polychainmonsters.com/open-booster

At the same time, you can stake PMON to get additional PMON as staking rewards, based on the number of booster packs opened and your share of the staking pool.

https://polychainmonsters.com/staking

And: With each booster pack opened, 75% of the token gets burned, leading to a hyper-deflationary supply. Right now, over 300,000 PMON have already been burned, representing 3% of our initial total supply.

MEME Unipangolin

Binance: Awesome tokenomics! Let’s get back to what the project does. What are the problems Polychain Monsters is trying to solve?

PMON: Yes, it’s amazing to see so many people using our product 🙂

We aim to create a digital collectibles and gaming ecosystem with a mainstream appeal by centring gaming & DeFi around an ever-growing high-quality NFT collection.

By being a multi- and cross-chain project, we are trying to reduce the entry barrier to NFTs, as people from various backgrounds around the world can participate and (financially) benefit from our products.

In the long run, we want even non-crypto people to open digital booster packs and, by this, get in touch with NFTs.

Monero Unicursed

Binance: Can’t agree more! Non-crypto people are the future. So, is the community important for Polychain Monsters? How do you plan to develop it to reach future people?

PMON: From what I’ve seen in our Telegram channel, we’ve already got a lot of people new to crypto in our community 🙂

Our community is the core of our project. Without their valuable feedback, we wouldn’t be able to ship feature after feature each week.

Right now, we are working hand in hand with our community to build a fair & rewarding NFT Staking feature based on our community members Polychain Monsters collection.

Because we value our community’s feedback so much, we want to build a Polychain Monsters Collector DAO, which will take the (NFT) Collector Score from the Collector Staking into account. We believe this step will increasingly integrate our most loyal members into the decision making process.

The DAO will play an integral part in reaching new people!

Moonrock X Morningstar Babydragon

Binance: Yeah, the community is very important and I hope that our communities will come together for some campaign in the future!

PMON: Definitely! 😉

Binance: As for the community’s feedback, people in our community really want to ask you some question

PMON: Oh, that’s great. Let’s do this! 🙂

Binance: Thank you! So, ladies and gentlemen, later we will have a free question part. And @brandtnew will pick some questions to answer. Prepare anything you would like to know about the project!

YOU MAY JUST HIT THE ANSWER IN THE QUIZ!!

So let’s get down to the next question!

Could you also give our community some recent updates on Polychain Monsters?

PMON: Oh, there are so many! 🙂

We deliver exciting announcements 3–7 times per week through Twitter, Medium & Telegram.

Here’s our blog: https://medium.com/polychainmonsters

Let me highlight my favourites from the past few weeks:

1 — We just released the wholly new & adorable Dogecoin Unishiba as a homage to the popular Dogecoin project. The chance of discovering the brave Doge in outer space will be just 1 in 5000 or ~0,02%. We are currently creating more and more completely new Polymon types from scratch. It’s only available in booster packs for 6 more days.

Dogecoin Unishiba

2 — Together with our community, we are working on our highly-anticipated Collector (NFT) Staking feature.

We released an early beta last week and are in the process of integrating all the great feedback we received so far.

With our Collector Staking, you will be able to achieve collector challenges and, with that, grow your Collector Score. This score will play an integral part in the recently announced Collector DAO and will influence your rewards from NFT Staking.

3 — We rebranded from Polkamon to Polychain Monsters a few weeks back: Over the last two and a half months since our public launch, we’ve connected & partnered with a wide range of communities. Our name, however, was slightly confusing.

Polkamon, being so closely associated with Polkadot, was not a Polkadot-specific project, nor did we have a launched integration. At the same time, we were announcing cross-chain integrations with Polygon, Elrond, and Binance Smart Chain!

This led us to conclude that our brand name didn’t reflect the reality of what we are building — a multi-chain digital collectibles and gaming ecosystem.

And that’s how Polychain Monsters came into play 🙂

Chainlink Uniturtle

Binance: That’s COOOOL! Would you expand to more chains in the future?

PMON: Yes! It is our belief as a team that the future of crypto blockchains will not be winner-takes-all and that multiple layer one solutions will co-exist based on their various strengths and weaknesses.

Binance: That’s my belief too

We just saw lot’s of monsters here, will these be the award in the quiz in the end?😍

PMON: I’ve opened A LOT of booster packs to get some glittery ones for today’s quiz! 🙂

Binance: That’s just WOW!

PMON: The ones I posted here (except the Unichick at the beginning) are all special-editions that (except Dogecoin Unishiba & the ), are not available in booster packs anymore. Mostly, these are only available for 1–2 weeks. We create them to cherish our partnerships with exciting projects like ChainLink for example 😉

Binance: I see! I guess our community can’t wait to join the quiz now.

PMON: Let’s do this!

Binance: Before that, they want to prepare more for the quiz

PMON: I’m always so hyped for giving away glittery Polychain Monsters 😄

Binance: So are you ready to answer some questions?

PMON: Yes 🙂

Binance: Maybe there are some hints about the quiz, haha! I gonna open the chat and please ask whatever you wanna know about POLYCHAIN MONSTERS!

Binance: Chat closed!

[…]

AMA Community Questions

Binance: Now you can pick some questions that interest you

PMON: Wow! That’s a lot 😄

Binance: Though we don’t have awards for this part, people are always so enthusiastic. And just let me know when you are about to move to the quiz.

Won Hee-Young: What challenges do you have and the plan to make Polychain Monster strong popular? Are you see it as an opportunity while the current market decline?

PMON: Despite the recent market development, we ship new features & announcements every week. Unfortunately, a lot of new projects are only active during bull markets. That’s not us! We use this time to focus on delivering the best product possible while also partnering with key players and staying up to date with new trends we might integrate into our ecosystem.

Elias Serrano: Why did you know about blockchain and come up with the idea to create Polychain Monster? What motivated you to build and develop Polychain Monster successfully?

PMON: Leif, Finn (Core Founding Team) and I have been active in the crypto space since 2017. Initially, we just wanted to create an NFT collection based on different monsters. However, after a number of creative sessions and feedback from our strategic investors and incubators, we tried to recreate the nostalgic feeling of opening booster packs.

And looking at the number of booster packs opened in 3 months, I think we made the right decision 🙂

KX Yeo: What other plans are there for the usage of these Polychain Monsters? Other than staking, are they just collectibles?

PMON: A lot! Our NFTs will play an integral part in the upcoming Collector (NFT) Staking. Also, we want to integrate them into different games. It would be great also to see them as part of a bigger Metaverse, incorporated into other games & projects.

Another feature we’re currently planing is called “Booster Incubation”. We partner with new projects, create completely new Polymon and attach an IDO allocation to these NFTs. If you’re lucky enough to find one of these specials in booster packs, you’ll be eligible to participate in that project’s IDO. For some people, this will be life-changing.

Nguyen Chi Thanh: There are full sets (colours, horns) and a rare monster in the collection, which is more important? Which is more beneficial in the long run? How to make sure

PMON: Each Polymon has different attributes:

Type (Uniturtle, Unidragon, …)

Horn (Diamond Horn, Spiral Horn, Silver Claw, …)

Colour (Red, Green, Blue, Yellow, …)

Glitter (Yes / No).

Each of these attributes has a different probability. We integrate with Chainlink to make the creation of these properties during booster openings ungameable.

Here’s a tutorial to learn more about rarities:

In addition, the background of each Polymon differs, based on the network the booster has been opened on.

Unichick (Binance Smart Chain)

This is the background exclusively designed for Binance Smart Chain 🙂

Uniaqua (Ethereum)

While this one is made only for Ethereum 😉

YESS: We can see your Founding Team on your page, but What about all your team right now? How many people do you have working with you? Are you looking to hire more staff?

PMON: We already updated our team section.

https://polkamon.com/about-us

And it’s not even 100% up to date anymore. I think we’ve grown from 3 to 14–15 people in the last 3 months. All through family, friends and our community!

Looking at the time … I think we should wrap up and start with the Quiz 🙂 @yhp92

Elrond Unidragon

Binance: Thank you very much! That’s so much information and I am reviewing to win the quiz!

Ooops I can’t, I am the host

AMA Quiz

Binance: Sorry, but let’s move to the quiz. In this part, we will give you 5 questions. The first one answers correctly to any question will win an NFT! Please be fast and correct! AND no edit! So, let’s get down to our first question!

Who participated in the AMA?

Winner: Tolga | Answer: Lennart

2. What kind of token is the PMON token?

Winner: Tobias | Answer: ERC20/BEP20

3. Mention one problem that is solved by Polychain Monsters.

Winner: KX Yeo | Answer: By being a multi- and cross-chain project, we are trying to reduce the entry barrier to NFTs, as people from various backgrounds around the world can participate and (financially) benefit from our products.

4. What is the current status of the collector staking?

Winner: Serg | Answer: Beta

5. Please mention one recently announced update about Polychain Monsters.

Winner: KX Yeo | Answer: Dogecoin Unishiba