Polygon Monkeys - An innovative NFT project

Launched  with a limited supply of 4444 crafted Monkeys NFTs, the project aims to build a thriving ecosystem supporting other NFT projects on the Polygon blockchain.

Background

The Polygon blockchain, known for its scalability and low transaction fees, has attracted a diverse range of NFT projects, but the current ecosystem is scourged with challenges, including:

• Lack of NFT focused tools
• Limited options for passive income generation

Thats why since its beginnings, Polygon Monkeys has sought to overcome these obstacles and try to introduce solutions for generating passive income for the holders, fostering a more sustainable and engaging NFT market.

With that proposal they managed to create one of the largest communities in all of Polygon ecosystem, with more than 40k followers on Twitter and more than 20k members on Discord.

After its successful mint on April 20th, where the entire collection (4444 Supply) was sold out, the team hasnt stopped working to offer its members the best tools and utilities.

Let's see more about what they have proposed:

Staking

Their Non-custodial staking mechanism is offering a secure and user-friendly staking experience for the users and they have the goal to provide this advanced platform as a service to other projects in Polygon ecosystem.

This system offers holders the possibility to stake their NFTs in different time periods, based on the user's taste or needs and without the requirement for the NFT to leave the user's wallet.

Holders can choose between 2 types of staking:

• Based on NFTs held
• Based on rarity

Each monkey staked will get points that the user can accumulate, these points will have several utilities in the ecosystem of the project which will be announced soon.

The revenue generated from the sale of this service will be distributed strategically to ensure the long-term sustainability and growth of the project. That distribution will be divided into two primary components:

• Monkey Ecosystem Development Fund (40% of generated revenue)
• Revenue Distribution to Holders (60% of generated revenue)

Here is the link to the staking platform: https://staking.polygonmonkeys.com/

Revenue Share

As mentioned in the previous point, the team seeks to offer their members the best utilities and wants to share the progress and victories with the holders.

All members who owned a Polygon Monkey NFT and had it staked on their platform have participated in a total of 2 rev-shares so far , where 60% of the profits obtained by the project were distributed to the holders based on the number of monkeys staked.

Roadmap

Baby Monkeys

A 2nd collection is coming to the monkeys ecosystem and this will be a free airdrop/mint for all holders and community members.

If you hold a Polygon Monkey you will receive 1 Baby Monkey in 1:1 ratio, but holding them in multiples of 5 will also grant additional aidrops, for example:

• If a member holds 5 monkeys he will get 1 extra Baby Monkey
• If a member holds 10 monkeys he will get 2 extra Baby Monkey

Each trait has been carefully selected with the intention of offer an eye-catching artwork and to show the team's love for the project, in addition, the members with the highest number of Polygon Monkeys have been recognized by the team and will be able to have 1/1 versions of the collection customized to the member's taste.

Launch Details

Platform: MagicEden

Supply: TBA

Mint Date: 14th July

Time: 15:00 UTC

Mint Price: FREE

Games to earn

The team has announced the launch of a Casino-based platform where users will be able to play different types of games in order to win more Matic.

The release date hasnt been confirmed yet but it's expected to be announced after the release of the Baby Monkeys, as they will have a big impact on this new utility.

Baby Monkey holders will receive a 60% of revenue share from the Casino earnings, being one of the main utilities of the second collection.

Official Links

Twitter: https://twitter.com/PolygonMonkeys

Discord: https://discord.gg/Fdb5Ynwc

Website: https://www.polygonmonkeys.com/

Whitepaper: https://polygonmonkeys.gitbook.io/the-monkey-white-paper/