The PlayAndEarn project details what happened since the protocol migrated to the BNB Chain.
Post Migration Update
Binemon, a BNB Chain blockchain gaming project, recently updated its community about the funds and development of the game.
The team used its Twitter account on April 2 to release a Medium post update that focuses on the use of funds and new developments in the game. The update’s scope summarizes what the protocol has done since Binemon officially migrated its Dapp over to the BNB Chain.
“This article summarizes activities related to Binemon since Binemon Dapp officially migrated to BNBChain (7/2/2022–1/4/2022) and follow-up plans, including Economy and Products,” said the PlayAndEarn protocol through a tweet.
The team opened the update by focusing on funds. They announced that they spent 200 $BNB––roughly $91,000 US Dollars––sourced from marketplace fees and Egg or AMB sales in order to buy back some $BIN tokens from PancakeSwap.
Meanwhile, 42,272,776 $BIN, from trade tax and Egg or AMB sales, has been added to the PlayToEarn (P2E) fund, which now totals 84,500,000 $BIN. The team also outlined the changes that relate to the economy of Binemon, including the 150,000,000 $BIN gift for P2E Fund, the 20% increase in DailyPVP Reward, the 30% marketplace fee adjustment, and the Squid Game reward adjustment.
From the product development side, the Binemon team shared the developments since the migration to the BNB Chain. The team added daily PvP and AR implementations, tweaked bugs in the Squid Game feature, added a voice chat option, held a new Mons festival, as well as debuted new NFT equipment. The team also added a guild feature, a friends list, and Chainlink VRF integration.
Check out Binemon’s Medium post to get more details about what the protocol has achieved in the past two months.
What is Binemon:
Binemon is a virtual pet non-fungible token (NFT) game on the BNB Chain, combining elements of an idle RPG game. Players can collect and trade eggs, ambrosia (fusion), characters, items and land. In addition, players are connected to fight in player-versus-environment (PvE) and player-versus-player (PvP) modes and receive cryptocurrency rewards. Designed in a comic-like style reminiscent of Pokemon, the game is set on Planet Earth with creatures called “Mons”, created by extraterrestrial creatures and now live on four different continents. These Mons are NFTs that players can collect and use to battle other players and their Mons. Players can also explore the infinite open-world landscape and collect Ambrosia (AMB), the in-game commodity that upgrades and empowers their mons.
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