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About Space Monkey Token

Space Monkey (MONKE) is a play-to-earn mobile game on the blockchain network. The objective of the game is to collect bananas to make progress on the scoreboard. According to the whitepaper, players can collect points and redeem the same for the native tokens of the game platform, or they may decide to collect more tokens if the token price is low. By gaining the top position on the scoreboard, players can obtain further rewards. Players have the option to choose to either complete daily objectives or to participate in competitions to collect reward points. Players of the game may choose to exchange their in-game currencies or rewards for traditional currencies or utilize the reward points to upgrade their game characters.

$MONKE is the native in-game cryptocurrency of the Space Monkey platform. The $MONKE token is designed on the Binance network and is a BEP-20 token. In-game rewards can be sent from the platform’s wallet to the smart contract in order for the $MONKE token to enter circulation. Platform activities such as giveaways are another mechanism for the token to enter circulation. The smart contract also enables the players to exchange their in-game points for the tokens. In BEP-20 $MONKE token, 3% of transactions are distributed proportionately among all $MONKE token holders. Another 3% of the transactions are used to maintain the game’s rewards wallet. An additional 3% is diverted towards marketing activities of the Space Monkey game. Space Monkey also seeks to design an ERC-20 $MONKE token to maintain the liquidity of the currency.

Players on the Space Monkey platform are also capable of using the game’s NFTs, which can be modified with in-game rewards. While some of these non-fungible tokens (NFTs) are essential for the game mechanics, others are designed for aesthetic purposes only. The Space Monkey platform aims to create a marketplace where such NFTs are listed and exchanged between players, either to obtain rewards or for traditional currencies.

The Space Monkey platform is led by Nico Montpetit, Jordan Grant-Hall, Lew Col, and Ray Briant.

Market

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Germany News about Space Monkey Token

BeInCrypto • May 15, 24

State of Wisconsin Buys Bitcoin ETF Following Financial Giants

The State of Wisconsin Investment Board has strategically invested $99 million in BlackRock's iShares Bitcoin Trust, highlighting the growing institutional interest in cryptocurrency ETFs.The post State of Wisconsin Buys Bitcoin ETF Following Financial Giants appeared first on BeInCrypto.

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The Block • May 15, 24

Crypto game ‘Guild of Guardians’ launching on Apple and Android devices with $1 million in prizes

"Guild of Guardians" has over 1 million pre-registered players and will be available around the world on mobile devices.

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BeInCrypto • May 15, 24

Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform

Vitalik Buterin and Peter Thiel's $70 million investment in Polymarket highlights its growing influence in predictive markets on cultural and political events.The post Vitalik Buterin, Peter Thiel Invest $70 Million in Predictions Market Platform appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens

Floki Inu's decision to burn 15.2 billion tokens aims to boost project management and increase market value, propelling an 11% price surge.The post Floki Inu (FLOKI) Plans to Burn 15.2 Billion Tokens appeared first on BeInCrypto.

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BeInCrypto • May 15, 24

Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report

Following a massive sell-off, long-term Bitcoin holders are now buying 70,000 BTC, viewing it as a reliable reserve amidst US economic uncertainties.The post Investors Buy 70,000 Bitcoin (BTC) Ahead of US Inflation Report appeared first on BeInCrypto.

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CoinDesk • May 14, 24

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The popularity of new blockchain “restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

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Space Monkey Token is on the rise this week.

The price of Space Monkey Token has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Space Monkey Token’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of Space Monkey Token?

We update our Space Monkey Token to EUR currency in real-time. Get the live price of Space Monkey Token on Coinbase.

What other assets are similar to Space Monkey Token?

Assets that have a similar market cap to Space Monkey Token include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy Space Monkey Token on Coinbase?

Yes, Space Monkey Token is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Space Monkey Token guide.