Polkamon Bitcoin Dragon NFT Listed for 75 ETH

The Polkamon project has recently taken off. One example of the exploding demand is the listing of a bitcoin Dragon Polkamon NFT for 75 ETH. The NFT has several properties, such as glittering and possessing a candy horn. Bitcoin Dragons are Polkamon NFTs that are gold and have moonlight bitcoin backgrounds.

Polkamon Eggs

The Polkamon Manifold Universe was announced just a few weeks ago, on March 19. The developers announced the initial DEX offering (IDO) on the Polkastarter decentralized exchange (DEX) just 2 days later, on March 31. To generate buzz for the nascent project, the developers solicited users to claim mysterious eggs until March 29. These eggs had the potential to hatch into Polkamon NFTs, which could trade before the IDO took place on March 31. 

Out of over 125,000 Ethereum users who applied to claim an egg, 380 users successfully received them. Developers divided users into those holding Polkastarter’s native token (POLS) and those who aren’t token holders. Users with POLS and those without won 100 eggs each. Another 100 lucky addresses that had POLS won Polkastarter Baby Dragons, while 80 standard addresses won Silver Baby Dragons. To cater to the overwhelming demand, developers announced four competitions for another 20 Baby Dragons.

Owning the dragons granted users access to the Polkamon IDO. According to developers, “this drop is the first time an NFT representing tokenized allocation in an IDO has been given away in such a manner.”  

Polkamon IDO

Developers whitelisted the dragon holders to be able to participate in Polkamon’s IDO. IDO participants could then invest up to $500 each. On March 31, the IDO took place at 4 pm UTC. Once the pools sold out, the PMON token was then listed on UniSwap.

According to the long red bar, many users decided to sell off their PMON tokens immediately. The price has risen steadily since then, and the PMON token is currently trading around $41.