Elemon is a platform that features the tokenization of digital creatures in a virtual universe. According to the whitepaper, the platform is based on Binance Smart Chain. The Elemon platform aims to be the first ecosystem to combine the thrill of gaming and the value of digital collectibles. The platform intends to transform such collectibles into a digital creature’s universe. The platform’s motive is to harness the use of a next-level non-fungible token (NFT) based gameplay and integrate that with a blockchain-based decentralized finance (DeFi) system, thus making the overall game not only fun but also investment-friendly.
According to the document, cryptocurrencies have been used for a long time to solve various challenges in the past. This includes transparently sending decentralized data. Also, cryptocurrencies are widely accepted because of the non-interference of any intermediary. Moreover, traditional financial institutions make the cost of transactions huge. Thus, Elemon seeks to leverage the advantages of cryptocurrencies and give back to society so that they cannot be further exploited. The platform’s mission is to create a user-friendly and blockchain-based play-to-earn ecosystem.
With the help of Elemon’s ecosystem, the platform seeks to make blockchain technology accessible to common consumers. The platform seeks to tokenize the digital creatures. According to the website, the platform aims to be the best ideal role-playing game on the blockchain. The platform offers a Player versus Player (PvP) arena as well. A user can evolve their Elemons to perform better. The users can also fight world boss and other tournament and e-sport campaigns.
The platform’s native token is ELMON. ELMON is a utility token of the ecosystem. Users can use ELMON tokens to yield farming and to redeem NFTs. Moreover, the tokens can be used as a mode of payment in the NFT marketplace along with other different tokens accepted by the platform.
