Announces Strategic Expansion of $PYM Token onto Solana Blockchain
"Playermon is set to strategically expand its $PYM token into the Solana ecosystem"
Authored by: Playermon Team
25 March 2024
News Covered By:
Playermon, an NFT Game where players can explore, battle, and engage with space companions called Playermon, is set to strategically expand its $PYM token into the Solana ecosystem on March 27, 2024, at 12:30 UTC.
Building a Stable and Accessible Market
To ensure a smooth launch, Playermon has secured a significant portion of its economy by locking away 100 million $PYM tokens within a Gnosis Safe contract on Polygon. Additionally, a liquidity pool on Raydium Concentrated Liquidity Pool has been established, pairing 100 million $PYM with 500 SOL to facilitate trading activity.
Playermon is committed to creating a stable and accessible market for all players. This is reflected in their unique market entry strategy: a price floor of 0.00001 SOL per $PYM token (0.00175 USD as of this writing), while the initial three months will see no $PYM on Solana tokens distributed – not even to the Playermon team or exchangers. This ensures a period of organic growth and fair trading opportunities.
To further emphasize a level playing field, Playermon will restrict certain activities during this initial phase. There will be no cross-chain transfers, team token allocations, airdrops, or rewards on the Solana blockchain. This reinforces Playermon's dedication to fair play for all participants.
About Playermon
Inspired by classic games like Pokemon and Animal Crossing, Playermon offers an open-world adventure with blockchain technology, allowing players to colonize planets, engage in battles, and earn resources.
Since its launch in 2021, Playermon has consistently developed its gaming universe, introducing features like SpaceDen, Anchorland, and a PvP gameplay testnet. These offerings were complemented by weekly live streams, providing engaging content and updates to the Playermon community.
This expansion onto Solana demonstrates Playermon’s commitment to providing a platform where its community can thrive, flourish and explore new possibilities.