BERN, Switzerland, Jan. 27, 2022 (GLOBE NEWSWIRE) — Monster Cake, a new decentralized finance (DeFi) protocol on the Binance Smart Chain (BSC), has announced a breakthrough supply consumption for its token. From the start, the Cake Monster team defined themselves as economic innovators. The economic and innovative model of the project combines a hyper deflationary native asset ($MONSTA) with the acquisition of an uncorrelated reserve asset ($CAKE). After about seven months, the protocol continues to prove the theory and works like a charm.
The reserve is generated from a small transaction and proof of life tax (once every fifty days.) This ensures continuous and fair hyper-deflation of the total supply of $MONSTA. The reserve is growing rapidly, with average monthly APYs well over 500% and over $188,000 CAKE already in the vault. Over TWENTY percent (20%) of the total supply has been burned, representing over $2 billion MONSTA tokens. This is an extraordinary achievement for a new protocol in today’s market in such a short time.
The Monster Supply Burn
With just under a year and a half to go to the end of the first cycle, the ongoing hyper-deflation (token supply exhaustion) looks likely to make things very hot, pushing the price of $MONSTA higher as supply is shrinking. This, in turn, will increase the rate of pool growth and further increase the demand for $MONSTA, potentially a volcanically virtuous cycle for token holders.
However, the platform does not stop there as the supply is also elastic. Once the first cycle is completed and the contents of the reserve are distributed to the holders of $MONSTA, a new cycle is triggered and the holders of the previous cycle will receive their $MONSTA again. The reissue will be proportional to their holding percentage at the end of the previous cycle. The heart of the protocol beats again; hyper-deflation and reserve growth begin again with leftover liquidity from the first cycle added to the news cycle.
The Cake Monster platform is full of incentives to earn, explore, and have fun. Already deployed are; Crumbs, Kitchen Making, Inactive Account Cashout, Diamond Claw NFT, and the Monsta Party NFT and P2E platform (the first to be launched and generated in outer space… the video is amazing.)
About the $MONSTA token
The Monster Token is a BEP-20 compliant token used in the Cake Monster ecosystem. The initial supply of the token is 10 billion. However, following the monster burn, the final supply will be 1 million (0.1%) of the initial token supply. For token distribution, 30% of the tokens will be used for community engagement, marketing, and airdrop, 10% for team, 50% for presale, and 10% for public sale.
Innovative Monster Ecosystem Features
Once deployed, $MONSTA holders will be rewarded for their commitment, which can have a positive effect on the market and the growth rate of the reserve. The potential for centralized stock exchange listing is also increased through the possibility of simple technical solutions to the transaction tax.
More than one lottery is in development, but the first to be released is something the team has dubbed “Eternal CAKE”.
The Eternal CAKE lottery will allow active holders of NFT Diamond Claws to hit a lottery ticket. The numbers will be drawn every three days. If a player wins, they can claim their prize. If no one wins, or if the winner does not claim their prize, the $CAKE is added to the pot for the next draw. This means the possibility of winning potentially juicy and large jackpots.
Once you mint (or later buy in a market) a lottery ticket, it never expires. In other words, it provides the owner with continued access to all future Eternal CAKE lottery draws.
This new addition to the Monsta Party NFT platform is a protocol feature called “Rob A Monsta” (RAM). This is a P2E (play 2 win) game that will reward active Monsta Party players at the expense of inactive players.
Multiparty Monstas that have already been fed by their owner continually accrue $MONSTA dividends, even if they are never fed again. However, active players (those who fund their Party Monstas) will be able to claim any pending $MONSTA dividends for unfunded Party Monstas by initiating a “steal”.
After a recent vote by community members, which was overwhelmingly positive, a new Reserve Asset (BNB) will be added to the protocol, making it multi-asset. This should provide significant additional resilience and new opportunities for collaboration and community growth.
About Cake Monster
Cake Monster ($MONSTA) offers a host of exciting features aimed at creating a flexible, multifaceted, and automated dividend yield and reward system for participants without compromising the sustainability or security of the protocol ecosystem, and combines this with intelligent design, creativity and organic growth, resulting in a very vibrant and engaged community.
Cake Monster may look like a meme at first glance, but behind the great illustrations and fun, whimsical nature lies a business model with significant and powerful innovation. It has attracted many discerning minds and a passionate and engaged community. Innovation within the project is accelerating rapidly, with incoming developments and deployments only representing a small portion of what is to come. An incredibly comprehensive and effective public relations and marketing campaign strategy has been developed to maximize awareness, growth potential, discussion, education and utility of the Base Protocol and all future deployments. With these basic elements and the ambition that goes with them, this project deserves attention and in-depth analysis.
About Cake Monster
Cake Monster ($MONSTA), a DeFi protocol on the Binance Smart Chain, offers unique features focused on developing a flexible, multifaceted, and automated return and reward system for participants. It is the first protocol to design a growing Gravity Vault CAKE pool that opens to all $MONSTA holders and rewards them with $CAKE.
For more information, visit
Byron James, Cake Monster Media Office
Email: [email protected]
THE SOURCE: Monster Cake