Binamon officially launches this weekend and the price of BMON has already increased by 10% in anticipation of the launch.
The NFT-based game Binamon will officially launch on Binance’s Smart Chain this Saturday and the hype around the BMON token has led to a 10% increase in its price today, while most of the market is moving in the red. Binamon is being touted as a serious competitor to Axie Infinity, the Ethereum-based digital monster game that has seen extraordinary gains this year.
Read our article to learn more about Binamon and find the best place to buy BMON tokens today.
Where and how to buy Binamon in France and elsewhere?
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What is Binamon?
Binamon is a game on Binance’s Smart Chain that will officially launch this weekend. The game uses NFT technology to tokenize in-game objects, such as virtual monsters called Binamons, which can be stored and traded on the blockchain. Players battle with their Binamons in a play-to-earn environment, where success in the game is rewarded with BMON tokens.
Should I buy BMON today?s today?
Binamon seems to be a direct competitor to Axie Infinity and many expert analysts predict a bright future for the BMON token. Binamon offers several advantages over Axie Infinity, such as faster transactions and lower fees, as it is native to the Binance Smart Chain rather than the Ethereum blockchain. If it can emulate the success of Axie Infinity, which has been one of the most successful blockchain projects of this year, then the token could quickly reach $1. From a purely technical standpoint, Binamon is also worth considering, as it is one of the only tokens that has performed positively in a mostly red market today.
Beyond that, the sky is the limit for Binamon, as NFT-based games could possibly become the next Pokémon. The current price of $0.6675 per token could very well seem insanely cheap in a few months if the game launches without any problems.
This article is for informational purposes only – none of its contents should be construed as financial or investment advice.