Ever wonder what the benefits of NFTs in gaming are? Specifically, owning a Kryptomon NFT from the KMON Saga? This week we'll discuss all the benefits of owning one!
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Michelle Smith Gabela
September 26, 2023
4 mins read
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SIT & PLAY
The journey from Game Nights to the KMON Sit & Play battles has seen remarkable milestones. And now, we're about to amplify the thrill!
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SIT & PLAY
Introducing our newly expanded formats catering to all Kryptomon Tiers - Rookie, Veteran, Elite, and Hero!
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BTS DEV UPDATE
Welcome to the first edition of our bi-weekly BTS Dev Update, a content series in which we share with you the latest behind-the-scenes development of our game saga.
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GAME UPDATE
We are eggcited to announce the arrival of Patch 0.0.32 for KMON: Genesis, bringing a new wave of awesome updates, adjustments, and enhancements.
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EXPERIMENT TCG
The anticipation has finally come to an end as we unveil the trainers who have secured their spots in the first-ever KMON Trade Card Game (TCG) deck.
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It’s been some time since we found the eggs. Was it by design or by chance that there were exactly 10,000 eggs? Is there a significance to this number?
It’s. Alive.
I don’t know why we were so surprised. Nobody recognized it at first but now that we’ve had more time to study them, all 10,000 of them are clearly in the shape of eggs. We just never thought something so… foreign would behave like something so mundane, just like the eggs that we see and eat everyday.
It’s been some time since we found the eggs. Was it by design or by chance that there were exactly 10,000 eggs? Is there a significance to this number? And how did something as huge as that just… disappear? Too much has happened lately that challenge everything we thought we knew about the world.
There’s so much we don’t know, but one thing is for certain. These eggs hold something never before seen on Earth, how else would you explain the variety in the different eggs? Some are bone chillingly cold while others are scalding hot. Even the structural integrity and material of the shells vary from a smooth diamond hard to a pliant earthy texture.
Tests will have to be run and we should have preliminary results shortly. We often watch movies of Iron Man and the Avengers, of demi gods and visitors from beyond our world. This might be our proof that alien life really does exist.
To ensure we have eyes on the tests at all times, surveillance footage of the lab has been set up to run 24/7. No matter what happens, we’ll catch it.
. . .
-Excerpt from Koa’s initial report-
“We are thrilled to partner with Kryptomon to enable seamless and secure $KMON onramps for billions of gamers, globally”, — said Ari Last, VP Business Development at Simplex.
What. A. Week!!
The past couple of days have been an absolute whirlwind of activity with the community sale and IDO taking place. A massive thank you to all of our partners and advisors who were working tirelessly behind the scenes to ensure everything ran smoothly. 🙏 Of course, we can’t forget about the overwhelming amount of support from all of our trainers, which saw the price of $KMON soaring from $0.006 and eventually settling at its current (at time of writing) price of $0.075.
With the IDO milestone complete, it’s time to turn our attention back to what attracted all of you to Kryptomon in the first place — the game! We also discuss below how our new partnership with Simplex will pave the way in catapulting Kryptomon into mainstream media.
. . .
The crypto gaming space is gaining traction in the market, of that there is no doubt. With games like Axie Infinity now giving people the ability to earn a living and even save up enough money for a house in the Philippines, more and more people, regardless of their proficiency in the crypto space, are starting to realize that crypto gaming is a phenomenon that is here to stay.
At time of writing, it is estimated that there are approximately 41.9 million gamers in the crypto space. While that sounds like a large number, what if I told you that the current (non crypto) gaming industry estimates that there are roughly 2.5 billion gamers in the world? In 2019, Fortnite alone had 250 million registered users, 5x the number of gamers in the entire crypto space!
The crypto space has only tapped into 1.68% of potential gamers worldwide.
This would mean that crypto games have only tapped into 1.68% of potential gamers worldwide. Let that sink it for a little bit. A full 98% of all the gamers in the world have either:
Going back to what we’ve just said about Axie Infinity and the crypto market boom in general, it’s highly unlikely that the first case is true. And while it is very possible that a portion of gamers belong to the second category in how they’ve heard about the volatility of the crypto markets and aren’t looking to expand into crypto gaming any time soon, it’s more likely that a significant portion of these 98% gamers just don’t have the knowledge on how they can get set up and get started playing crypto games.
This was our experience as well, not just when introducing new trainers in Discord to Kryptomon, but also in our personal lives where we had to explain to our friends and family how to:
… the list goes on!
For some of the more seasoned veterans in the crypto space, this might seem like common knowledge. But for an 18 year old kid who just happened to see an ad of Kryptomon and his 56 year old mom and dad who’ve never used Binance before? All of the above is gibberish.
. . .
On their website, Simplex is described as “A licensed financial institution which empowers its vast network of partners to accept the widest range of payment methods, including Visa, MasterCard, Apple Pay, SWIFT, SEPA, and more!” But for the crypto veterans out there that didn’t immediately recognize the name, here’s a quick reminder: Simplex is the company that provides a fiat-to-crypto gateway on Binance!
Using Simplex, one can purchase over 90+ cryptocurrencies using over 50 different fiat currencies. It’s not surprising that they’ve now integrated and provided services to over 350 partners in the world.
The full list of large and well known companies that utilizes Simplex’s services are is too numerous to list… but we’ve listed a few of their partners aside from Binance that you might just recognize: 😉
and many more. For more information about Simplex partners, check out this link.
This is where Kryptomon has a unique competitive advantage over the many crypto games out there. Our target audience isn’t just the 41.9 million crypto gamers, but all 2.5 billion gamers in the world. From every 18 year old who will pick up the easy to understand gameplay to all the 80’s kids feeling nostalgic for a little bit more of the Pokemon magic, Kryptomon wants YOU.
The first step in realizing that dream is to get rid of that complex 8 step process described above just to buy $KMON, and this new partnership with Simplex will allow us to do precisely that!
In the future, this means that just about anyone with a smartphone (yes, including that 18 year old kid with his 56 year old mom and dad) will be able to download the Kryptomon game onto their phone, which will come pre-loaded with a crypto wallet capable of storing $KMON. Via Simplex, they’ll be able to key in their debit/credit card details and purchase $KMON with fiat instantly, just like how you can purchase in game currency today with games like Clash of Clans or PUBG!
“We are thrilled to partner with Kryptomon to enable seamless and secure $KMON onramps for billions of gamers, globally”, — said Ari Last, VP Business Development at Simplex.
. . .
From the start, Kryptomon has always been a game that we intended to bring to the general public. With the IDO now behind us, developmental focus has shifted back into making the game the best possible version of itself before the Phase 1 launch.
That doesn’t mean we aren’t already planning for the future and with industry titans like Simplex standing behind Kryptomon, it really will be an exciting journey to see just where Kryptomon will end up in a year’s time.
2.5 billion gamers, we’re coming for you!
Signing off for now. 😉
We saw an overwhelming amount of support from our trainers. Just under 20,000 trainers participated in the lottery.
Hello trainers, welcome back to the wonderful world of Kryptomon. We’ve had plenty of big announcements lately, with our new game studio partner Room8 Studios and being the first NFT game to partner with Simplex. And we’re not done!
Our older trainers will remember that back on the 9th of August 2021, we launched an egg lottery event that would distribute 100 of the eggs that went unclaimed during the initial 10k giveaway to more deserving members of the community. It’s been just under 3 weeks and we’re excited to announce that the results are out!
. . .
We saw an overwhelming amount of support from our trainers. Just under 20,000 trainers participated in the lottery, spread out across 80 different geographical locations around the world. It’s amazing and heartening to think that Kryptomon is now a name that is known around the world.
Unfortunately, we only had 100 eggs to give away in this campaign. The selection process was randomized so…
Congratulations to all 100 of the lucky winners of the egg lottery campaign! The winning addresses will be listed down below so use CTRL + F to check if you’ve won. Also, winners will receive an email from Professor Koa announcing the fact, so make sure you check your emails!
As an added bonus, we’ve decided to airdrop the eggs to you for free! As thanks to the amazing community who’ve supported us throughout our journey, the Kryptomon team will shoulder the gas fees so trainers can just sit back, relax and wait for your eggs to show up in your wallet.
A final shoutout to one lucky trainer who received the rarest Gen 0 egg! Only 100 of them will ever exist in the Kryptomon universe. The only question is, were you the trainer that received it? 😉
. . .
Today, 20,000 trainers participated in the egg lottery. But we’re not done yet! In fact, we’re just getting started. 20,000 is where we are today, but as we mentioned before in this article, our goal is the full 2.5 billion gamers in the world.
As an old Chinese proverb would have it: “The journey of a thousand miles begins with a single step”. We might come from humble beginnings, but this will be Kryptomon’s first step towards all the gamers in the world.
2.5 billion soon-to-be trainers, we’re coming for you!
. . .
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Staking $KMON rewards participants with tickets. The more $KMON you stake,the more tickets you earn. the more tickets you have, higher your chances of actually winning an egg.
Hello trainers, welcome back to the wonderful world of Kryptomon. For those who tuned into our last Founders Talk session on Discord, you’ll know that our devs have been hard at work getting everything ready for the much anticipated $KMON staking feature. (No really, our devs can’t remember the last time they’ve taken a weekend off!)
Staking will begin on the 10th of September 2021, and this article will dive into everything you need to know about our newest feature. Before we hop into all the staking details though, for those of you who haven’t already joined us on Discord and Telegram, you might have missed out on these little gems.
Remember that these are drafts that we’re working on with Room8 Studios, so they’re still subject to change. However, it’s important to recognize that what Room8 Studios have achieved a mere 2 and a half weeks in is nothing short of astounding and we’ll continue to share updates of our progress on our social media channels. So if you haven’t already, make sure to come join us on Telegram, Twitter and Discord!
. . .
To be more precise, on the 10th of September 2021 we’ll be launching the first of eight, 1 week long egg lotteries where trainers stand to win Kryptomon eggs!
Every week, a number of Kryptomon eggs will be up for grabs and we can confirm that there is a small chance you could even be the lucky winner of a Gen 0 egg! There are only 2 Gen 0 eggs up for grabs in the entire campaign and no one, not even the Kryptomon team can guarantee when or if they’ll be won.
To participate in the lottery, trainers will be required to stake their $KMON on the Kryptomon website in order to earn lottery tickets that can then be used in the lottery. There is no minimum amount required to participate so trainers could potentially just stake just one $KMON, earn and bet one ticket and still walk away a winner! 🎉
. . .
Most staking pools out there today reward participants with the project’s native token. Stake CAKE for CAKE for example is a pool that works very well for PancakeSwap, but is that really what Kryptomon needs right now? 👀
At present we’re still a little way away from trainers being able to use your $KMON in game, which means creating a stake $KMON for $KMON pool would just result in trainers being able to grow their bag of $KMON in preparation for the game launch with no immediate benefit. Another possible scenario is that the growing amount of $KMON in circulation would just lead to stronger sell pressure, which we’re sure is not something any of our trainers would like to see.
The question was therefore: What can we offer with the new staking feature that would benefit both the game and our trainers the most?
After the success of our previous egg lottery campaign, we realized that we had severely underestimated how fast the Kryptomon community is growing and just how strong the demand is for eggs. There are currently approximately 6,000 Kryptomon eggs being traded and held amongst 33,000 odd trainers (if Discord is to be any guide).
While we do realize the importance of keeping supply scarce enough to ensure our eggs have value, as a blockchain game, it’s also important that we have enough players. What we don’t want to see happening is all 27,000 trainers (33,000–6000) without an egg losing interest and leaving the Kryptomon family due to the cost associated with getting your first Kryptomon.
It is for this reason that we’ve decided to create a staking feature that will allow lucky trainers to win the chance to become a Kryptomon trainer every week for 8 weeks. We believe we’ve found an ideal balance between keeping trainers engaged and also leaving plenty of demand for eggs when breeding is released.
As with the previous egg lottery, all eggs that will be used as prizes for this lottery come from the original 10,000 batch of airdropped eggs that went unclaimed and the 40,000 egg sale batch that weren’t purchased. The total supply of eggs has not changed, and we are once again simply redistributing them back to more deserving members of the community. 😉
. . .
With all of that said, we’ve also included a few little twists in the lottery to make things more interesting, strategic and just a little bit more fun. Here are a couple of things you’ll want to consider when playing the lottery:
Staking $KMON rewards participants with tickets. The more $KMON you stake, the more tickets you earn. Each ticket is one entry into the current week’s lottery so by the simple law of probability, the more tickets you have in the current week’s lottery the higher your chances of actually winning an egg.
“But what about whales? They’ll just stake 500,000 $KMON and almost guarantee themselves a win!”, I hear you thinking to yourself. Well, you’re not wrong, but! We’ve put in place several safeguards to make sure everyone isn’t priced out by large $KMON whales.
The Kryptomon team have, after much discussion, agreed upon a “budget” of eggs that will go into the lotteries, which includes the 2 Gen 0 eggs that were mentioned above. This doesn’t mean however, that all eggs will be won!
Trainers will decide how many eggs are up for grabs in the lottery each week by staking $KMON. At the end of every week, the code will determine the number of unique players who’ve bet tickets in that week’s lottery and only 10% will win. That means if there are 200 players in Week 1, there will only be 20 eggs released from the budget, one for each winner!
Let’s assume that the budget is 1000 eggs (we’re intentionally not releasing the actual number of eggs in our budget). This means that it’s very possible we get to the end of Week 8, and not all 1000 eggs in the budget have been won simply because there weren’t enough players. Alternatively, its also very possible that the lottery is wildly popular and we run out of eggs by Week 5! 🙀 If that’s the case, the egg lottery campaign ends immediately.
To add a little more strategy into the lottery, tickets that you get from staking your $KMON aren’t locked to a lottery in a particular week. That means you can start staking your $KMON from week 1, save up all your tickets and choose not participate in any lotteries for 4 weeks but spend all your tickets in the Week 5 lottery!
This allows smaller trainers to have a much higher chance of winning an egg… if they pick the right week to participate. 😉 It’ll be up to the trainers to do their research, be active on Discord and Telegram etc to figure out what the overall sentiment is.
It’s important to note however, that tickets are burnt once used regardless of whether you win or lose!
To prevent a large whale from just staking 500,000 $KMON, betting all the tickets and winning every egg every week, we’ve implemented a rule that every unique wallet address can only win once per lottery. So the whale could theoretically “almost” guarantee himself a win by betting 500,000 tickets every single week, but he’d only receive one egg.
The code will then choose the remaining winners from other wallet addresses while the whale’s 499,999 remaining tickets are ignored.
Finally. to ensure there is no bias in the lottery and that winners are truly selected randomly, we’ve integrated the Chainlink VRF feature into our lottery system. Nobody, not even a member of the Kryptomon team will be able to influence the lottery in any way and guarantee someone a win.
. . .
The process of staking your $KMON and participating in the lottery is quite simple. Simply head on over to our website where we’ll soon be releasing a dedicated staking page, choose an amount of $KMON to stake and you’re done!
Step 1 — Select the amount of $KMON you’d like to stake and confirm it. Once this is done, your tickets will be allocated to you automatically over time.
Step 2 — When you’re ready to participate in the lottery, use the slider on the same page to choose how many tickets you’d like to bet. Here in this example you’ll see that I’ve chosen to bet just over 9 million tickets in this week’s lottery.
Hit the “Play” button to confirm your choice.
Step 3 — If done right, the section on the right will then show how many tickets you’ve bet in the current week’s lottery.
Step 4 — Finally, if you were lucky enough to become the winner of a Kryptomon egg, you’ll see an additional window near the top of the screen with a button to claim your prize!
. . .
How many tickets will I get if I stake X number of $KMON?
The simple answer is… no one knows! This is because the number of tickets you receive is dependent on the percentage of your KMON against the total amount of KMON in the pool.
Eg: If there are 100 KMON in the staking pool and you stake 1 KMON, you’ll receive 1% of the tickets.
As we’re unable to predict variables like:
It’s impossible to guarantee an answer that you’ll receive X tickets for every Y KMON staked.
. . .
Are there any minimum or maximum KMON amounts that I’m limited to when participating in the staking pool?
There is not! Feel free to stake as much or as little KMON as you like. Obviously, the more KMON you stake, the more tickets you’ll receive, which increases your chances of winning. But it’s still definitely possible that you play only 1 ticket and still walk away a winner!
. . .
When will winners be announced every week?
Winners will be announced every Sunday at 12am UTC! All tickets that were bet in that week’s lottery will then be burnt (regardless of whether you win or lose)
. . .
Are there any lock periods when I stake my KMON? Can I unstake them at any time?
There are no lock periods! Tickets are awarded on a block by block basis (every 3 seconds) so feel free to unstake all or part of your KMON at any time.
. . .
How many eggs will be given out as rewards per week?
This was addressed in the article. The simple answer is 10% of the number of participants in the lottery! Remember, it’s the number of lottery players (the number of unique wallets that have bet a ticket in this week’s lottery) and not the number of stakers.
This means that if in Week 1, 200 unique wallets chosen to play their tickets, then 20 eggs will be given out.
. . .
How many times can I win?
You can win once per week. If you’ve won in Week 1, it’s definitely still possible for you to win in Week 2 or Week 3. However, it is impossible for you to win twice in Week 1.
. . .
$KMON staking will begin on the 10th of September 2021, but it’s important to note that all of the information above is still subject to change. While we believe we’ve come up with the most ideal balance between egg supply/demand and giving trainers an incentive to stake $KMON, we don’t pretend we have all the answers.
As always, our co-creation promise to you means that we’re still open to feedback from all our trainers. Do you think there’s a better rule that could be implemented in the egg lottery? Is there a loophole that we’ve missed that you know how to solve? Let us know via the usual social media channels and we might incorporate it into the rules before the lottery begins!
See you in game, fellow trainer.
