The edge that pays for itself.
Binemon (BIN) Price
Binemon Price
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Gate.io | BIN/ETH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | cex | 1.00 | 4/8/2025, 4:32 AM |
Binemon FAQ
Binemon is a virtual pet non-fungible token (NFT) game hosted on the Binance Smart Chain, integrating aspects of an idle RPG game. Participants can collect and trade eggs, ambrosia (fusion), characters, items, and land. Furthermore, players are linked to engage in player-versus-environment (PvE) and player-versus-player (PvP) modes, where they can earn cryptocurrency rewards. The game, designed in a comic-like style reminiscent of Pokémon, is set on a fictional version of Earth with creatures termed “Mons”, which were created by extraterrestrial beings and now inhabit four distinct continents. These Mons are NFTs that can be collected and used to compete against other players and their Mons. Additionally, players have the opportunity to explore an infinite open-world environment and accumulate Ambrosia (AMB), an in-game resource that upgrades and strengthens their Mons. As of September 2021, Binemon has expanded to a community of over 140,000 players and is currently in its first chapter – Prometheus. The game presents a comprehensive roadmap that outlines forthcoming reward systems, features, quests, and storylines. This plan is divided into ten phases with an intended completion rate of one phase every two months by the development team, with Phase 2 presently in progress.
Binemon does not disclose any information about its founders on either its website or whitepaper. With dedicated Telegram groups for its community in the Philippines, China, India, and Vietnam, it can be reasonably inferred that a significant portion of its player base originates from Asia. Consequently, it would be logical to assume that the development team might also be based in Asia, especially considering that games with similar themes, such as My DeFi Pet, are often developed by Asian teams.
Binemon offers both PvP and PvE gameplay elements. In player-versus-player battles, a participant selects five Binemon, arranges them strategically into a formation, and engages in combat. The combat system is turn-based and subject to time limitations. Victorious players are awarded AMB tokens, along with opportunities to enhance their ranking and win seasonal prizes. Binemons are obtained by purchasing eggs using BIN tokens. When eggs are opened, players receive Mons randomly chosen from four distinct races: dog, cat, unicorn, and titan. Each race falls into one of five classes: fighter, archer, mage, tank, and support. Additionally, Mons are characterized by a combination of: - Eight different body parts: head, body, tail, ears, face, skin, horn, and wings - Three primary stats: strength (impacting damage and HP), agility (affecting attack speed and armor), intelligence (determining magic power, skill casting speed, and magic resistance) - Five equipment stats: critical rate, critical damage, dodge chance, HP regeneration, and MP regeneration - Two skills: passive (influenced by race) and ultimate (influenced by class) - Seven ranks - Three forms: baby, teenage, and adult Levels span from 1 to 100, allowing for substantial customization and uniqueness for each Mon. Mons can be fused to create a higher-ranked Mon. Beyond fusion, Mons can evolve across different classes and levels, with skills being acquired at birth. The game also includes a PvE campaign mode where players can advance their Mons, with additional campaigns and bosses planned for future updates.
The total supply of BIN is 1 billion tokens. Of this, 40% were distributed during the IDO, and another 40% are allocated to a liquidity pool that is locked for one year. Additionally, 15% is vested to the development team for one year, with the remaining 5% reserved for airdrops and IDO fees. There is a 2% buying fee and a 5% selling fee, which enable the project to generate inflows to cover marketing and product development expenses. BIN can be used to purchase eggs that breed Mons (NFTs) and Ambrosia, the in-game currency used for fusion and Mon stamina. In future phases, players will be able to use BIN for other purposes as well. For more detailed information regarding the current market status of BIN, you can refer to Eulerpool.
BIN is a BEP-20 token on the Binance Smart Chain (BSC). The Binemon game operates on Draken—a blockchain with a proof-of-stake consensus mechanism. The team selected Draken for three key reasons: * Fast and stable transaction speed, capable of up to 5000 TPS, with a block time of two seconds, inspired by Ethereum 2.0, ensuring a seamless user experience. * Low gas fees, which reduce costs for players' activities and transactions within the NFT marketplace. * The smart contract and DaRK privacy protocol offer "privacy on demand," along with customization and high security, meeting the evolving requirements of NFT games. BSC is secured via a proof-of-stake consensus mechanism. Every 24 hours, 21 validators are elected to validate transactions and ensure blockchain security. These validators must stake a specific amount of BNB coins with Binance to qualify for election. For more information, you can refer to Eulerpool.
Binemon was launched on August 24, 2021, on the Binance Smart Chain.
BIN is available on PancakeSwap (V2) and LBank. For those interested in learning more about cryptocurrencies and how to begin purchasing them, additional information can be found in our educational portal, Alexandria, available on Eulerpool.
Similar Cryptocurrencies to Binemon
Discover cryptocurrencies similar to Binemon and explore alternatives in the same category.