The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

Intermediate

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MANTRA (OM): Understanding its wild ride and road to recovery

In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit Spot and Futures.​

WalletConnect is an open source bridging protocol that facilitates secure connections between digital wallets and 

 (DApps). With over 38 million unique active wallets and 57,000 supported apps, it’s getting noticed by the crypto community. In this article, we explore WalletConnect's features, its native token (WCT) and how you can trade WCT on Bybit.​

 protocol that allows users to connect their mobile wallets to DApps via QR code. This eliminates the need for browser extensions, and enhances security by keeping 

The protocol supports a wide range of wallets and DApps, making it a versatile tool for users navigating DeFi and web3.

 is essentially a decentralized infrastructure that facilitates a uniformed way for users to easily connect their crypto wallets with thousands of DApps. It operates through a network of

 that relay messages, ensuring reliable and secure connections. The network's design emphasizes scalability and resilience, catering to the growing demands of DeFi. 

When a user initiates a connection between their wallet and a DApp, WalletConnect establishes a secure session through a relay server that enables encrypted communication, allowing users to interact with DApps directly from their wallets. 

The network's architecture ensures that messages are transmitted efficiently, maintaining a seamless user experience.​

The WalletConnect ecosystem comprises various stakeholders, including node operators, wallet providers and DApp developers. Node operators play a crucial role by maintaining the network's infrastructure and relaying messages. 

To incentivize participation, the network implements a rewards mechanism whereby node operators earn WCT tokens, based on their performance and contribution. Prominent organizations like Consensys, Ledger and Figment are among the network's node operators, underscoring its robustness and reliability.​

 is the native utility and governance token of the WalletConnect network. It has a total supply of 1 billion, 

Initially, WCT is nontransferable to ensure that tokens remain within the WalletConnect ecosystem, supporting its focus on network functionality and development. Based on discussions within the community, transfers will be enabled based on community consensus and future governance decisions.

Where to buy the WalletConnect token (WCT)

 on Bybit Spot, and as a Perpetual contract with up to 75x 

. Bybit provides a secure and user-friendly platform for buying and selling WCT, allowing users to participate in the WalletConnect ecosystem. 

How to trade the WalletConnect token (WCT) on Bybit

Bybit's platform ensures efficient execution and provides various tools to assist users in their trading journey with ease.​ 

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WalletConnect (WCT): Bridging web3 beyond wallets and DApps

Circle has launched the Circle Payments Network (CPN), a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. 

The S&P 500 rose 2.51% as investor confidence improved following President Trump’s support for Fed Chair Powell and hints of easing U.S.-China trade tensions, despite tempered optimism and Tesla’s earnings miss. Gold rebounds toward $3,400 as the US Dollar weakens and investor caution lingers over US-China trade and Fed concerns. Technicals suggest a possible pullback, with focus shifting to upcoming S&P Global PMI data. The Coindesk Indices, which tracks the broader crypto market, rose 7.46%, with Bitcoin and Ether up 4.68% and 7.70%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DEEP, up 122.1%, following the launch of DeepBook v3.1 on Sui, which unlocks permissionless pools, enhanced balance management, and cost-efficiency for DeFi.

DeepBook (DEEP), launched on July 12, 2023,  is Sui’s native liquidity layer, using a central limit order book to enable high-throughput, low-slippage, and low-fee trading. 

, introduces several key upgrades: permissionless pools, revamped fee mechanics, and enhanced balance management. These changes make DeepBook more accessible, composable, and cost-efficient for DeFi users. Permissionless pools allow anyone to create custom trading pairs, while the enhanced balance manager supports third-party liquidations and improves protocol stability and user experience.

Check out the latest prices, charts, and data of 

, a global payment solution designed to streamline cross-border transactions using stablecoins like USDC and EURC for real-time settlement. CPN offers faster, programmable, secure, and always-available money movement for financial institutions. It supports services like invoice payments, remittances, treasury services, and payroll payouts. Over 20 design partners, including dLocal, WorldRemit, and BVNK, are contributing to building a more efficient global payments infrastructure.

Yesterday, Bitcoin spot ETFs saw $719.2M in total inflows, with $654.1M from non-GBTC funds and $65.1M from GBTC.

 its incentivized testnet, allowing users to earn $SO tokens by testing its cross-chain lending platform. By supplying and borrowing assets across chains and completing quests, participants earn "Seeds," which will convert to $SO at TGE. Powered by LayerZero, Soul aims to unify liquidity across blockchains.

Beginner

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Circle launches Circle Payments Network for faster, secure global transactions using stablecoins

VeChain (VET) is a blockchain platform focused on sustainability, using eco-friendly technology to support green initiatives across industries and drive a more sustainable future.

Sustainability is now the name of the game across many industries. The blockchain industry is one of them, with several projects aiming to reduce the energy impact of their operations or support green causes in other ways. However, on closer inspection, sustainability has received much less attention in the world of blockchain technology than many people may assume. Indeed, the industry's two leading data portals, CoinGecko and CoinMarketCap, have no "Sustainability" or similar category, despite coming up with hundreds of other classifications.

Some smaller-cap projects outside of the top 100, such as 

 (IOTA), do focus on supporting environmental causes. But in the entire list of top 100 cryptocurrencies by market cap, only one project can confidently be described as having sustainability as its key pillar — 

With a market cap of $2 billion (as of the time of writing on Apr 22, 2025), VeChain stands head and shoulders above any other crypto project in the sustainability niche. The project has been fully operational since 2018, and is among the oldest environmentally focused blockchain initiatives. In short, if we talk about sustainability and blockchain, it would be disingenuous not to mention VeChain and its 

Having championed green blockchain causes since 2018, VeChain announced a significant upgrade initiative in late 2024 to be rolled out in stages during 2025. Called Renaissance, it’s envisioned to further solidify VeChain's position as the leader of eco-friendly blockchain use and introduce a host of technical improvements. In fact, 2025 is the year of the most fundamental upgrade to this notable industry player in its entire history on the market, so it's precisely the time to revisit this project in our coverage.

VeChain (VET) is a decentralized project designed to support sustainability-focused blockchain use cases across various industry verticals.

 The company was first conceptualized and founded as a blockchain project in 2015 by Chinese technology professional Sunny Lu. It launched its Layer 1 network, VeChainThor (VTHO), in mid-2018, becoming one of the first decentralized initiatives to support eco-friendly applications on-chain. The VeChainThor network features low transaction fees and high levels of scalability.

For years, the VeChain blockchain has remained probably the leading decentralized platform in the niche of sustainability. As of April 2025, it retains the leadership position, and is ranked 56th among all cryptocurrencies, with a market cap of $2 billion.

VeChain's sustainable blockchain technology

Many blockchains claiming to support environmental causes typically use the 

, which is indeed much more energy-efficient than the power-hungry 

 (BTC). By using PoS, these blockchains have boldly announced that their energy use is much lower than Bitcoin's. While this is true, these platforms are essentially general-purpose networks that don't specifically design their operations with any particular sustainability use case in mind.

Instead of these two typical consensus mechanisms, the VeChainThor blockchain uses 

 (PoA), touted to be even more energy-efficient than the standard PoS employed by 

 chains. In a typical PoA consensus, a smaller number of validators with "authority" — i.e., a history of reliable behavior on the network — are entrusted to process blocks. This is in contrast to PoS, whereby many validators take part in the staking contest to outperform each other in terms of token holdings. They then receive the right to validate the next block, and have to constantly align their consensus process with other 

As a result, PoS is usually less energy-efficient than PoA. VeChain's PoA model elegantly combines efficient processing, minimal energy use and high levels of enterprise-grade security.

The VeChainThor blockchain network's processing engine also features compatibility with the 

 (EVM), making cross-chain communication with the Ethereum world much easier for VeChain developers and 

PoA block validation isn’t the only sustainability-minded feature of VeChain. Unlike many other popular chains, VeChain also directly enables sustainability use cases, primarily by utilizing its tamperproof and transparent data-tracking mechanism. Thus, enterprises across different industries can track and reliably verify the origin of goods and their sustainability status for eco-friendly supply chain management. For instance, supermarket chains can use the platform to track and verify the carbon footprint of the produce they source; logistics companies can calculate the overall emissions generated along their supply chains; and fashion brands can track sustainable sourcing of materials used for their product lines.

Besides its own blockchain, the project also offers a blockchain-as-a-service (BaaS) platform, VeChain ToolChain, to help businesses integrate VeChain's technology into their business processes via standardized smart contract services.

To further position itself as a champion of sustainability, VeChain launched 

 represents an on-chain ecosystem of DApps that reward VeChain users for completing various eco-friendly tasks, such as using reusable coffee cups, shopping for organic products, picking litter off streets and more. VeBetterDAO is the project’s foray into the individual consumer side of environmentalism, which complements the VeChain platform’s long-standing sustainability features for the enterprise world.

In late 2024, VeChain first announced its planned multi-stage upgrade, Renaissance, to make the platform even more efficient. Its changes are envisioned to take place gradually throughout 2025, and possibly beyond. The Renaissance upgrade touches many parts of the platform, with three key areas involved — a new VeChain staking and node model, technical updates and changes to the dual token mechanism. We'll cover the first two areas below, and the changes to VeChain’s tokenomics in the next section.

VeChain’s PoA block validation model uses a group of 101 trusted Authority Masternodes (AMs) who will fully transition to Validators under the new Renaissance model by December 2025. Each Authority Masternode is approved by the VeChain Foundation. These nodes are responsible for generating transaction blocks. You’ll need to 

 at least 25 million VET to participate in block production, which occurs in fixed 14-day cycles.

Under the platform’s pre-Renaissance model, there are two more types of specialized nodes — Economic and X-Nodes — who stake their tokens to a selected AM/Validator and participate in 

 on the platform. After the Renaissance upgrade is fully rolled out, Economic nodes and X-Nodes will be replaced by a tiered system of Delegator nodes.

Delegators will need to stake a certain amount of VET tokens to mint Delegator 

, which will entitle them to different grades of staking reward multipliers. The more you stake, the higher grade of NFT you receive, and the higher your staking rewards will be. When blocks are produced, AMs/Validators will receive 30% of the total block reward, with the remaining 70% going to holders of the Delegator NFTs.

The image below shows the new Delegator NFT–tiered model, with minimum VET staking requirements and reward multipliers.

While the VeChainThor network is EVM-compatible, there are still differences between its technical parameters and the standard EVM used by Ethereum. For this reason, the Renaissance upgrade aims to reach full EVM compatibility, including implementing the JSON-RPC (

remote procedure call) extensively employed within the Ethereum blockchain.

As part of the Renaissance upgrade, the project will also introduce a new set of tools to achieve more seamless cross-chain capabilities. This will involve integrating new 

The VeChain token model has always been based on two cryptocurrencies: VET and VTHO. VET is the 

 that acts as the main means of value storage and transfer on the platform, while VTHO is used to pay for gas. Now, the Renaissance upgrade also changes the way the dual-token mechanism operates.

Before the upgrade fully kicks in, VTHO is still generated by simply holding VET. After the Renaissance, only staked VET will generate new VTHO for the holder. This should better align VTHO with the active participation of users on the platform. VTHO's inflation rate will also be cut by over 70%, as its issuance will be aligned to a new emission model that considers the total amount of VET staked on the platform.

To further reduce the inflationary properties of VTHO, 100% of all base transaction fees on the network, which are all paid with VTHO, will be 

VET is the platform’s value transfer and storage token. It’s also used for governance and access to various features and apps on the network. VET is a supply-capped token with a max supply of just over 86.7 billion. These properties will not change following the Renaissance upgrade.

VTHO, which is used to pay for gas fees on VeChainThor, is an inflationary token with an uncapped supply. It currently has a total supply of almost 88,7 billion. As noted above, after Renaissance, VTHO will be generated via staking only, and will feature a burn mechanism to reduce its inflation rate.

 as a swap pair with USDT, and on the Derivatives market as the 

In addition, you can take advantage of Bybit’s event dedicated to the VET token to grab a share of a 

. New users can earn VET rewards by accumulating a deposit volume of at least 5,000 VET, or by depositing at least 100 USDT and trading 100 USDT worth of VET via their first Spot trade using their Bybit account. Meanwhile, existing users can also qualify for rewards by trading at least 500 USDT worth of VET on the Bybit Spot market. The event runs through Apr 28, 2025, 9AM UTC.

As of Apr 23, 2025, the VET token is trading at $0.02576, which is 90.8% lower than its ATH of $0.281 on Apr 19, 2021, and 1,243.2% higher than its ATL of $0.001917 on Mar 13, 2020.

Long-term price forecasts for VET are mostly bullish. DigitalCoinPrice 

 of $0.088 in 2027 and $0.14 in 2030, while PricePrediction 

In the long term, VET might even rise to $1, at least according to PricePrediction’s forecast. Its portal is highly optimistic, estimating that VET will hit the $1 mark in 2034.

You might consider investing in the VeChain token VET based on the following:

When Sunny Lu created VeChain in 2015, his vision focused on sustainability issues. VeChain's work in this area has led to the creation of the first decentralized network truly dedicated to making a tangible environmental impact. The entire VeChain ecosystem — including the VeChainThor blockchain platform, VeBetterDAO and VeChain Toolchain — continues to serve as a significant enabler of sustainable technology in the business world.

Now, with the Renaissance upgrade being rolled out for the duration of 2025, VeChain aims to solidify its leadership in this sphere. With the Renaissance upon us, it's hard to see any blockchain platform that could challenge VeChain in the area of sustainability anytime soon.

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What is VeChain (VET): Building a sustainable future for all

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GameFi

Polychain Monsters is an NFT collectibles platform offering gamified entertainment through its monster species and individual monsters. Find out more here.

As technology has advanced in recent years, 

 have become increasingly popular. Unfortunately, many NFTs have barriers such as overly complex mining rules and quirky gaming mechanisms. 

 takes a different approach to its use of NFT and 

. Let’s take a closer look at the unique and increasingly popular option of the Polychain Monsters platform.

Polychain Monsters is a specialized NFT collectibles platform offering gamified entertainment, easy trading and extensive diversity of its monster species and individual monsters. Its advanced features make it unlike any other NFT collectible platform available today.

Polychain Monsters’ cross-chain digital collectible platform takes a novel approach to both its utility and the design of its NFTs. The platform is centered on animated NFTs of individualized, colorful monsters and creatures. Polychain Monsters, each one a rare and authentic collectible, can be unpacked through digital 

Some individualized traits of these animated monsters include special effects, backgrounds, colors, and 

, which are available for purchase with PMON via 

, BNB Chain (previously known as Binance Smart Chain) and 

When Polychain Monsters officially launched in March 2021, it was known as Polkamon. The platform was later 

 to Polychain Monsters in June 2021, and is the brainchild of three talented software engineers. Co-founder 

 now serves as the platform’s CEO. The Polychain Monsters team also includes Chief Marketing Officer 

Polychain Monsters was originally designed with the goal of improving the NFT collectibles experience. The three co-founders focused on simplifying the operability of the platform, while adding layers of complexity to the NFTs to boost their rarity. A few of its features include Rainbow Fusion, Reverse Swaps, the 

 game and more. In addition, the co-founders specifically created Polychain Monsters to directly function with other popular blockchain projects.

Users can purchase Polychain Monsters’ digital booster packs using PMON tokens. Each booster pack includes three Polychain Monsters, called 

. There are multiple species of Polymon, each one available with a variety of traits. Users can unlock specialized traits through their interaction with the platform. Some traits are rarer and more valuable than others. Examples of traits include backgrounds, colors, species, horns and more. 

The combination of various traits contributes to the NFTs’ scarcity and can increase their desirability. Polymon can easily be traded on the platform’s Polymon marketplace and secondary marketplaces. In addition to the rarity and collectability of Polymon, Polychain Monsters offers a 3D multiplayer play-to-earn (

It’s easy to get started with Polychain Monsters, even if you’re new to the crypto world. In fact, after 

 to obtain PMON tokens, you can purchase a digital booster pack, which includes three Polymon, in a matter of minutes. Polymon traits are generated at random, and each monster is a one-of-a-kind NFT. Additional and rarer traits can be unlocked through gameplay and staking. From unique backgrounds and color combinations to animation effects, horns and more, there’s an extensive range of combinations available.

Polychain Monsters has been developed as a standout cross-chain digital collectible platform that has a range of innovative features. It strives to offer a user experience that’s suitable for all experience levels. The platform is based on a background story about Polymon living among humans. Opposing factions take different stances on the use of the Polymons’ 

Let’s look at some of the unique features of Polychain Monsters.

Early in its development, Polychain Monsters used the Ethereum blockchain. Unfortunately, Ethereum’s rising gas fees forced some members of the community to leave. To combat this challenge, the Polychain Monsters team transitioned to a cross-chain setup. To accomplish this, the team completed an initial integration with BNB Chain. Later, it was integrated with Polygon and 

 as well. These integrations have greatly increased the number of booster packs that have opened, as well as the size of the platform's user base.

While other NFTs use two-dimensional pixel art, Polychain Monsters uses three-dimensional animated art to improve the user experience. There are several types of monsters available. Polymon have exoskeleton appendages, which make them stronger and improve their stamina. There are also the technophobic Luddites, who oppose exoskeleton augmentation. The conflict between these two factions impacts Polymons’ ability to live in harmony with humans.

 are Polymon who don exoskeletons. They were released to use in the platform’s first major expansion. Exomon can be used in 

, the P2E game for the Polychain Monsters platform. More than that, each unique Exomon has specialized utility in the game. Exomon also earn weekly rewards from the 

 feature, since their Exosuits give them a higher point distribution.

In the future, the game will be enhanced through 

. Unlike other platforms that have basic games, 

 to offer a higher level of gaming sophistication.

 game are used for a variety of functions. These include leveling up a Polymon, building new assets and accessing 

, where users can catch new monsters. You can earn resources through harvesting and staking. Rewards are provided in the form of PMON tokens. The specific amount of the reward is based on the 

. In this way, users may progressively earn more rewards for their continued play.

 is a unique function on Polychain Monsters. Users can swap their Polymon for 

, which may be used as an alternative to PMON tokens to purchase digital 

. The vouchers are non-transferable, and can be stored in a multi-wallet until the user is ready to complete the swap. A vote through the platform’s 

 determined the exchange rate for Polymon to Opening Vouchers. Based on this vote, users can swap 15 Polymon for an Opening Voucher.

Another exciting feature in Polychain Monsters is 

, a deflationary mechanism that enables users to merge several basic Polymon for a rarer Rainbow Polymon. Specifically, up to six Polymon of the same type with different colors can be exchanged for a Rainbow Polymon. A total of 100 Rainbow Portal NFTs are available, and these can be staked for PMON tokens when the merge takes place. 

PMR tokens, or Polychain Monster Rainbow tokens, are the rewards for staking. The fusion requires the user to send up to six qualifying Polymon through the Rainbow Portal. The cost for a fusion is five PMON or 100 PMR.

Towards the end of October, a new type of Polymon was made available for a limited time to 

. Only 5,000 Ghost packs were released for $29.95 each. Each pack comes with just one Ghost Polymon, and if you’re lucky, you could get a Halloween Special. Once the limited supply of Ghost packs has been sold, Collector Stakers will receive a portion of 5,000 PMON based on their holdings. In addition, 600 free Ghost Pack vouchers will be given away to the Polymon community, of which 350 will be distributed to Halloween Special holders. 

Through November 14, 2022, all Halloween Special holders can claim one raffle ticket. A total of 350 Ghost pack vouchers will be raffled between all Halloween Special holders who participate in the raffle. For one week, until November 21, 2022 at 2PM UTC, 180 of the 600 Ghost pack vouchers will be raffled between all users who opened Ghost packs, while 50 will be allocated to booster pack openings. 

The remaining 20 packs will be given away as prizes in the 

 Ghost Tournament, held on November 21, 2022. Ghost pack vouchers must be claimed by November 25, 2022, 2PM UTC. Unclaimed Ghost pack vouchers will be forfeited. 

Polychain Monsters is still in an early stage of development, but it’s already made great progress since its March 2021 launch. Within its first few months, 

 was announced and coin staking came online, and the mobile app launched soon after. The platform was then integrated with 

 in May 2021. More recent developments include the introduction of farming, Collector Staking, 

 governance, reverse swapping, Exomon, and Rainbow Fusion.

After the recent release of the deflationary Ghost Polymon, the Polychain Monsters platform will introduce 

 utility. This will be followed by another deflationary mechanism, expected to be called Evolutions, which will close out the first generation of Polychain Monsters. The 

The Polychain Monsters Polyverse runs on PMON tokens. With this hyper-deflationary gaming asset, users can access booster packs, farm within 

 and more. For every digital booster pack that’s opened, 40% of the PMON tokens are 

. In addition, 25% is allocated for the Collector Staking Pool, and 15% is sent to the Farming Pool. The Staking Pool and the platform’s development fund each receive 10%. The maximum supply of PMON tokens is 10 million.

Users can also create their individual Genesis Islands through the use of PMLG tokens, or Polychain Monsters Land Genesis. A 

 at a cost of 1 million PMLG. These tokens are earned through Collector Staking rewards, Farming Pools and Land Tickets that may be available in some booster packs. There is a maximum of 1 billion PMLG.

The peak value of PMON reached $62.36 on April 2, 2021. This was related to an initial spike after the platform’s launch. The token reached a smaller peak on September 1, 2021 at $23.11 before dropping again. Currently, the value per token is approximately $1.11.

While PMON has experienced considerable highs and lows in its valuation, it also has sizable intraday fluctuations. As a result, it can be difficult to accurately project its future price of. Nonetheless, there are deflationary measures built into the platform that will result in a gradual upward trend. By the end of next year, 

 of PMON to be around $1.87. It may reach $3.01 in 2025 and $3.62 in 2027. By 2031, PMON’s value is expected to be $7.92.

Polychain Monsters is already a popular platform, and it continues to develop. As it does so, and different types of booster packs are released in the future, interest in Polychain Monsters realistically will continue. The platform’s game has been designed with multiple layers and it continues to evolve, taking users’ entertainment to the next level. At the same time, it offers the opportunity to trade and merge Polymon, compete in tournaments, interact with other players, and more. With this in mind, some users may become active with Polychain Monsters as a form of entertainment. Nonetheless, there’s also opportunity for potential profits through an investment in PMON tokens.

One deflationary mechanism is already in place for PMON, and a second mechanism known as Evolutions is expected to launch in the near future. These mechanisms result in a progressively smaller quantity of PMON in circulation, and the token's value may rise as a result. In addition, Polychain Monsters is actively in development with its second generation, expected to launch in the months to come. 

Through continued development, it’s likely that user interest and participation in Polychain Monsters will grow, while the token supply declines. Expert projections indicate that the value of PMON tokens will more than double by 2025, and it may more than double again between 2027 and 2031. With these factors in mind, investing in PMON may be a good idea. However, as is true for all crypto assets, fluctuation and loss are possible as well. As always, do your own research and don’t invest more than you can afford to lose.

Polychain Monsters has come a long way since its March 2021 launch. Its development team still has more work to do, and the platform has excellent marketing campaigns underway through its Booster Incubation and Booster Partnership programs, anticipated release of more digital booster packs, in-game developments and more. With these and other factors active or in the works today, Polychain Monster’s strong appeal may grow among existing users and expand to new users.

As Polychain Monsters is a DAO, all future developments and changes to the platform must be approved through a democratic voting process. In order to vote, users must connect their wallet to 

 within the platform. Voting power is determined through factors such as the number of Polymon they own, the rarity of their Polymon, their Collector Score and the number of PMON tokens that they’re using for farming, or have stored in a wallet.

From its animated, three-dimensional NFTs to its well-developed blockchain technology game, giveaways, contests, tournaments and more, Polychain Monsters is a cross-chain digital collectible platform that moves the dial. It’s already proven itself to be superior to other NFT platforms in many ways, and it continues to develop and improve. With this in mind, Polychain Monsters is a great platform to consider getting involved with, and to watch going forward.

Polychain Monsters (PMON): A Multi-Chain NFT Gaming Ecosystem

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