how often they apear and what benefit they give?
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Blue monster will give you huge exp.
White monster will give you more loots and silver
Gold monster will give you huge loots and silver.
All these monster are rare monster, and will appear sometime if you get lucky enough.
just saw my first Gold monster ( mini boss ! ) ton of loots and money 
( 40 000 silvers )
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Theyre easily spotted in locations with extremely high mob population (i.e. places where ppl arent grinding lol)
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here . took a screen shot of the blue monster.
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Killing a blue monster may give you a level or more, depending on your character base level.
blue monsters dont exist in CBT2 anymore
i got this earlier today
Must be playing a different game then.
It still exist with very very low chance to spawn.
I killed one last week so unless they got removed on Tuesday.