PolkaPet World Announces the Launch of the $PETS token

2 min readOct 14, 2021

PolkaPet World and its partners today officially announced their upcoming new $PETS token, launching in late October 2021. The TGE will follow a series of planned IDO launchpad sales soon to be announced.

Backed by investors including Animoca Brands, Hillrise Ventures, DFG Group, SVC, and Sandbox, the MOVR/ERC token will bring even more utility to the PolkaPets ecosystem, allowing holders to stake $PETS in return for rare NFTs, attractive APY%, and even the ability to earn tokens from one of the many Polkadot project partners.

The new token reinforces the PolkaPet World objective to introduce new users to NFTs and the wider Polkadot ecosystem, through partnerships with the most popular Polkadot projects including MANTRA DAO, Kylin, Astar, Ankr, Bridge and Moonbeam as well as many more.

The PolkaPet NFTs, each connected to a different project, grant unique utilities to holders. From entry to the Zendit Launchpad with your MANTRA DAO pet, to a free VPN router with your SpiderDAO pet, PolkaPets have always sought to surprise and delight, and the $PETS token is no exception.

Token Generation Event (TGE)

The $PETS token TGE is scheduled to take place on the 28th October, but look out for your chance to get in early through one of a number of IDO Launchpad partners over the coming weeks!

There may also be a surprise or two in store…

Token Utility

$PETS Token Utility Chart
  • Stake $PETS for attractive APY% on partner tokens, exclusive NFT drops, content and merchandise
  • Earn $PETS through using the products and services of PolkPet partners, and through P2E games
  • Govern using your $PETS token, voting on everything from art to new PolkaPet partners and more

About PolkaPet World

The World of PolkaPets goes beyond just collectible NFTs. Within the PolkaPets Universe, each PolkaPet is embodied as an artistic creature that represents a specific project within the Polkadot ecosystem.

Each PolkaPet holds unique project-specific utility that rewards community members for holding that specific PolkaPet NFT in their wallets. This could be a discount on fees, an airdrop of tokens to PolkaPet cardholders, or much more..

The $PETS token is the utility token used to engage with PolkaPet World products and services offered in partnership with PolkaPet project partners, as well as allowing governance rights and access to exclusive sales.

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PolkaPets is our answer to making blockchain more interactive. Our NFT Collectible Card Game with Unique Utility is Coming Soon!