How and Where to Buy Monsta Infinite (MONI) – Detailed Guide
- What is MONI?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade MONI
- Last Step: Store MONI securely in hardware wallets
- Other useful tools for trading MONI
- Frequently Asked Questions
- Latest News for MONI
- MONI Price Prediction and Price Movement
What is MONI?
To find out even more about this project, check out our deep dive of Monsta Infinite.
What Is MONI (Monsta Infinite)?
MONI (Monsta Infinite) is an in-game currency in MMORPG card-based monster battle game, built on blockchain. As a play-to-earn universe Monsta Infinite allows gamers to earn real-life revenue while exploring the virtual world.
Despite being Initially designed as a lower entry cost fork of another distributed universe, Axie Infinite, Monsta infinite eventually came to uniquely address a number of issues currently associated with the world of NFT games.
During gameplay users build a team of creatures called MONSTAs and compete in card-based battles against other players or computer-controlled opponents. Moreover, Monsta Infinite supports an open-world feature, allowing gamers to develop a social network and participate in live events.
Apart from MONI the game features another native currency STT (Stamen Tellus). While MONI is considered a governance token, giving the holders an opportunity to vote on major decisions on the platform and to profit through MONI stacking, STT is generally used for purchasing in-game assets. STT is acquired through participating in battles, collecting dividends from land ownership and breeding and selling the game characters — MONSTAs. MONI is awarded to high-ranking players at the end of each season in player-versus-player (PvP) mode.
According to the roadmap posted on the Monsta Infinite official web page MONI first went on sale in September 2021. Game public launch is scheduled for the first quarter of 2022.
Who Are the Founders of Monsta Infinite?
The team behind Monsta Infinite currently as of September 2021 consists of 11 professionals based in Malaysia and Singapore. Experienced in implementation of decentralized solutions, software development and gaming, Monsta Infinite specialists aim to popularize blockchain technology through gamification.
The CEO of the company is Jin Tan, originally from Singapore, he is an entrepreneur and an experienced software engineer holding a bachelor’s degree in сomputer science.
The role of Chief Technical Officer is performed by Chong Hor Kong — a proficient programmer and certified professional in electronics and computer engineering with a background in technology consulting. Не is also a founder of Hor Kong Academy — an online learning platform, offering courses in artistry, management and programming.
What Makes Monsta Infinite Unique?
Monsta Infinite solves the problem of unfair competition during PvP battles through incorporation of the Elo rating system. The method invented by a physics professor Arpad Elo pairs the game battle opponents in accordance with their rank, recent match results, skill level and possessed attributes. By providing an opportunity for users to fight in their own “weight class” the platform aims to create a healthy competitive environment and make the gaming process enjoyable for players of different levels of experience.
The ecosystem supports the mechanism of augmentation for game character’s body parts, which implies an obtainment of a new skill card for the upgraded MONSTA. As per game design in order to enhance a character the player has to sacrifice one of the other MONSTAs in the team.This approach enables developers to control the population of the mythical species and maintain the liquidity of the asset.
Some users tend to automate resource farming to dishonestly obtain in-game values. Through use of bots they provoke the depreciation of the hard-earned winnings for the genuine players. Monsta Infinite advocates for fair resource distribution and integrates anti-bot mechanics into the game. The match-three puzzles — a mini-game offered to players between the battle rounds, will serve as a natural form of captcha-like algorithm protecting the community from malicious users.
Related Pages:
Learn about what play-to-earn is, and the top NFT games in 2021
Find out about REVV — the in-game currency for an ecosystem of motorsport blockchain games.
Check out PVU — the native currency of Plant Vs Undead.
Look into BFC — the token used in Block Farm Club game.
How Many Monsta Infinite Coins Are There in Circulation?
The total token supply is 270,000,000 MONI. As reported on the official website the allocation of MONI tokens is as follow: 5% allocated for centralized exchange reserve; 6% set aside for a private sale; 9% reserved for marketing needs; 25% dedicated to fund play-to-earn; 24% assigned for stacking; 3% distributed through public presale; 5% and 16% held by advisers and team respectively; 5% in the ecosystem’s fund; 1% devoted to IDO and 1% in liquidity reserve.
How Is the Monsta Infinite Network Secured?
MONI is a BEP-20 token built on Binance Smart Chain (BSC) — a blockchain with smart contract functionality that runs parallel to Binance blockchain (BC). BCS uses a proof-of-stake-authority (PoSA) consensus mechanism — a hybrid between proof-of-stake and proof-of-authority.
As mentioned on the official web page the company is currently planning implementation of a sidechain service with EVM capabilities that will be interoperable with BSC.
When Will MONI Trading Begin?
MONI first became available for purchase in September 2021.
Can Monsta Infinite Hit $5?
Despite being relatively new, the game has already gathered a considerable amount of interest from fans and media. Taking into account that Monsta Infinite provides unique solutions to the world of modern NFT gaming and that the team behind the project seem to stand by their creation and carry out the presented roadmap in a timely manner, the project has a chance to mimic the success of their inspiration Axie Infinite and to considerably grow the price of MONI with the game public launch and future plans delivery.
Where Can You Buy Monsta Infinite?
Monsta Infinite is currently available for purchase on the following exchanges: Gate.io, PancakeSwap (V2), ZT, AscendEX (Bitmax) and DODO BSC.
New to cryptocurrency? You can read more about how to enter the market and how to buy BTC, MONI or any other token in CoinMarketCap education portal — Alexandria.
MONI was first tradable on 16th Sep, 2021. It has a total supply of 270,000,000. As of right now MONI has a market capitalization of USD $8,299,850.37. The current price of MONI is $0.0307 and is ranked 1350 on Coinmarketcap and has recently surged 29.76 percent at the time of writing.
MONI has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MONI.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
Select altcoin exchanges:
- Gate.io
- PancakeSwap
But we are not done yet, since MONI is an altcoin we need to transfer our USDT to an exchange that MONI can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at Gate.io and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!
Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from Gate.io once your USDT has arrived. And you are now finally ready to purchase MONI!
Step 5: Trade MONI
Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "MONI", you should see MONI/USDT, select that pair and you should see a price chart of MONI/USDT in the middle of the page.
Below there is a box with a green button that says "Buy MONI", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your USDT deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy MONI". Voila! You have finally bought MONI!
But we are not done yet. We need to convert our USDT into MONI. As MONI is currently listed on PancakeSwap we will guide you through how to convert your USDT on the platform. Unlike other centralised exchanges the conversion steps will be a little different on PancakeSwap since it is a decentralised exchange (DEX) which does not require you to register an account nor going through any KYC process, however, trading on a DEX requires you to manage your own private key to your altcoin wallet and it is suggested that you take extra care of your wallet private key, because if you lost your keys, it means that you will lost access to your coins forever and no customer support will help you retrieve your assets back. Although if managed properly it is in fact more secure to store your assets in your own private wallet than on exchange wallets. If you are still uncomfortable with using a DEX just yet, check if MONI is available on any other traditional centralised exchanges on the tab above. Otherwise let’s follow these steps carefully.
Convert your USDT into BNB on Binance
PancakeSwap is a DEX that is similar to Uniswap/Sushiswap, but instead it runs on Binance Smart Chain (BSC), where you will be able to trade all BEP-20 tokens (as oppose to ERC-20 tokens in the Ethereum blockchain), unlike Ethereum, it greatly reduces the trading(gas) fees while trading on the platform and is gaining popularity recently. PancakeSwap is built on an automated market maker (AMM) system which relies on user-funded liquidity pools and that is why it can work perfectly without a traditional order book from centralised exchanges.
In short, as MONI is a BEP-20 token running on Binance Smart Chain, the quickest way to buy it is to transfer your USDT to Binance (or the exchanges listed on the table below for US traders), convert it into BNB, then send it to your own wallet via Binance Smart Chain and swap your BNB for MONI on PancakeSwap.
US traders should consider signing up on the exchanges below.
Once you have registered on Binance or the exchanges suggested above, head over to the wallet page and choose the USDT and click deposit. Copy the USDT address and head back to UpHold, withdraw your USDT to this address and wait for it to arrive, this should take around 15-30 minutes depending on usage of the USDT network. Once arrived, trade your USDT to Binance Coin (BNB).
Transfer BNB to your own wallet
Here comes the trickiest part of the process, now you need to create your own wallet to hold both BNB and MONI, there are several options to create your own wallet, the best option is to use a hardware wallet, such as Ledger Nano S or Ledger Nano X. They are secure hardware that provide various layers of security to protect your assets, you only have to store the seed phrases in a safe place and never put it online (i.e. do NOT upload the seed phrases to any cloud services/storage/email, and also do not take photo of it). If you are planning to stay in the crypto scene for a while, it is highly recommended that you get a hardware wallet.
Alternatively you can create your own wallet, here we will use MetaMask as an example to show you how to set up your wallet.
Add MetaMask extension to Chrome
We recommend using Google Chrome or Brave Browser here. Go to Chrome Web Store and search for MetaMask, make sure the extension is offered by https://metamask.io for safety and then click Add to Chrome.
Proceed with "Get Started" and then click on "create a wallet" in the next screen, read all the instructions on the next screen and then click "Agree"
Next choose a secure password to secure your MetaMask wallet, this password is not your private key or seed phrases, you only need this password to access the Chrome Extension.
Here comes the backup phrase generation step, on the screen you will see a list of random words appearing after you click "reveal secret words", write these words down on a piece of paper and do not ever save them online, anywhere. For extra security you may even consider getting a Cryptosteel Capsule from Ledger to store your phrases securely and physically.
Once you have saved your seed phrases securely, confirm on the next screen by verifying them. And you’re done! Read the tips once more to ensure you’re fully aware of the security issues and click all done, now your wallet is ready. Now click on the MetaMask icon on the extension bar on the browser and unlock your wallet with your password. You should see your initial balance afterwards.
Now you are ready to deposit your BNB to your wallet, head over to PancakeSwap, click "Connect" at the top and choose MetaMask.
If this is your first time to connect with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain network to your MetaMask, please do proceed with this step as it is very important that you make sure you are sending your BNB via the right network. After adding the network, switch to the network on MetaMask and you should be able to see your BNB balance on the Binance Smart Chain. Now copy the address to clipboard by clicking on the account name.
Now head back to Binance or whichever exchange you bought BNB. Go to the BNB wallet and select Withdraw, on the recipient address, paste your own wallet address and make sure it is the correct address, then on transfer network, make sure you have selected Binance Smart Chain (BSC) or BEP20 (BSC)
Click submit and follow the verification steps afterwards. After successfully withdrawing your BNB it should arrive very shortly to your own wallet. Now you’re ready to buy MONI finally!
Head back to PancakeSwap, select Trade > Exchange on the left sidebar
You should see a relatively simpler interface here with basically just two fields, from and to, and a big button saying either "Connect Wallet" or “Swap”.
Click on Connect Wallet if you haven’t done so already. Otherwise you should be able to see your BNB balance here at the from field, enter the amount you would like to exchange for MONI and then on the to field, choose MONI from the dropdown, the corresponding amount of MONI should show up immediately. Verify and then proceed with "Swap". In the next screen, confirm the transaction once more by clicking Confirm Swap. Now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, click Confirm. Wait for the confirmation screen until it shows "Transaction Submitted", congratulations! You have finally bought MONI!! After a short while you should be able to see your MONI balance on your MetaMask Wallet.
Last Step: Store MONI securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your MONI for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy MONI with cash?
There is no direct way to buy MONI with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy MONI in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy MONI or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Monsta Infinite's fundamentals and current price here.