What is Cake Monster (MONSTA) | What is Cake Monster token

In this article, we’ll discuss information about the Cake Monster project and MONSTA token

Overview

The Cake Monster protocol is designed to run in perpetual cycles, during which it burns off its initial supply until it reaches its programmed minimum of 1M tokens (deflation rate per cycle 99.9%). At the same time, it builds up a protocol backing vault (called “Gravity Vault”) containing $CAKE, which acts as price anchor and makes itself available as a sophisticated reward system for holders of the native $MONSTA token.

Another part of the protocol taxes (2.5% per transaction) is used to burn $MONSTA forever.

A protocol cycle is controlled by two distinct and rewarding functions that can be called by anyone, plus an additional function that promises recurring rewards for $MONSTA holders.

Vault Management
Automatic Cash Out
Base Reward

Vault Management

If the temporary vault ($MONSTA)> .01% of total supply the VAULT MANAGEMENT function becomes available and can be called by anyone. This function triggers the following chain of events (or steps), executed by the smart contract:

1. 10% of the $MONSTA balance is added to the PCS locked liquidity pool (50% converted to BNB, 50% $MONSTA)
2. 90% of $MONSTA from the temporary vault is swapped for $CAKE, which is then added to the $CAKE Gravity Vault ($MONSTA contract)

more details:

The fastest vault manager receives a minted reward of 1% of the total current temporary vault ($MONSTA)
Vault manager queue size = 10 — To prevent spamming on this function, each managing wallet address is added to a list of vault managers. Vault managers on this list will be blocked from calling the VAULT MANAGEMENT until they move out of that list because of following vault managers
If the total $MONSTA supply has decreased 1% since the previous snapshot, a new snapshot is issued for the base reward. The snapshot captures data from all bearer wallets to determine the claimable base reward amount per wallet

Monster Vault Manager Queue

Base Reward

Each time the total supply decreased 1%, $MONSTA holders become eligible to claim a base reward in the form of $CAKE from the Gravity Vault, equivalent to their current holdings versus total supply:

The total base reward is 25% of the Gravity Vault ($CAKE) aggregated since the previous snapshot
A holder should claim the rewards before the next snapshot takes place (after an additional 1% supply is burned)
Unclaimed rewards flow back into the Gravity Vault ($CAKE)

Automatic Cash Out

If no >= 5% action (buy/transfer/sell) is recorded from a bearer wallet for 50 consecutive days, the AUTOMATIC CASH OUT function can be triggered by anyone. This measure is essential to the hyper-deflationary logic of the protocol, and without it the targeted end supply would never be reached.

Swaps 95% of the holder’s $MONSTA tokens for BNB, which will be returned to the holder
Transfers 5% of the holders $MONSTA tokens as reward to the caller of this function
The swapped $MONSTA token will be burned out of the LP
If the holder’s $MONSTA token value is too low to sell the function will just burn the tokens (100%) instead of selling it

Relaunch Process

The end of the protocol cycle is controlled by three different functions that can be called by anyone. It basically rewards all holders with their share of the permanent vault and relaunches the protocol.

Finish
Claim Gravity Vault
Relaunch

Finish

If supply <= end supply (1,000,000) the CLAIM GRAVITY VAULT function becomes available to anyone and all trading will be halted.

The collected liquidity from the LP will be removed and temporarily stored in the smart contract
The FINISH function becomes also available when two years have passed since protocol launch/relaunch
The FINISH function becomes also available when there is no vault management activity for 124 days since protocol launch/relaunch

Claiming Gravity Vault

For 35 days anyone can claim their share of $CAKE, equivalent to their $MONSTA holdings versus total supply at the time of trading halt.

Upon claiming all $MONSTA tokens in the bearer wallet will be swapped for the $CAKE from the Gravity Vault and will be burned hereafter
Unclaimed $CAKE stays in the contract and will be used to support the upcoming protocol cycle

Relaunch

After 35 days claiming period the RELAUNCH function can be called by anyone to kickstart a new cycle.

Supply will be minted back to the initial of 10,000,000,000 (10B)
Adds liquidity previously stored in the contract back to the LP to relaunch the protocol
The holders of the previous cycle receive the shares back with which they claimed their $CAKE

Cake Monster - Tokenomics

Our goal is to provide the highest possible standard of transparency and quality so that potential investors can gain the necessary confidence in our product and its underlying utility. For this reason, we have made some key decisions that we believe best fit the goal of stabilizing the price action from the outset and ensuring fair conditions for everyone along the way.

Any strategic partners that are paid in our token will have vested payment schedules, most partners will be paid in BNB when possible
Team token are vested and unlocked gradually
No whales from pre-sale
Pre-sale whitelist lottery with additional weighted slots for loyal DeFi LABS holders
Low circulating supply at launch
Low initial market capitalization
Big initial marketing funds to ensure high trading volume

Just for holding the native $MONSTA token in their wallet, holders will be frequently rewarded with $CAKE. Additionally, $MONSTA token rewards will be distributed to holders for interacting with the protocol, which adds additional value.

When the Cake Monster token reaches its programmed cycle end supply, holders can claim their share of the collected $CAKE along the way and keep their native $MONSTA tokens for the upcoming cycle.

After the Cake Monster cycle ends, the protocol will relaunch, and start all over again. Cake Monster is a perpetual revenue and value generation machine that supports traders and holders alike!

Key Features

Hyper-deflationary and re-launchable
Super inflationary community owned $CAKE Gravity Vault
Frequent native ($MONSTA) rewards for holders
Frequent $CAKE rewards for holders
Auto-liquidity
Upgradable contract with multi-signature wallet
Security audit(s) by reputable auditor(s)
Fun! Earn XP and level up to gain benefits
Community driven
Rewarding community events
more to come in future developments…

Tokenomics

Overview

Initial supply = 10,000,000,000 (10 Billion/100%)
End supply = 1,000,000 (1 Million/0.01%)
Gravity Vault asset: $CAKE
Temporary Vault asset: $MONSTA
Each transaction contributes 5% to protocol mechanics (2.5% burn, 2.5% added to vaults & locked LP)
Token Type: BEP-20 (BSC)
Category: DeFi
Initial DEX: PancakeSwap

Token Distribution

Pre-sale: 50%
Community Engagement: 30%
Public Sale: 10%
Team: 10%

See details below

Pre-sale Conditions

_Countdown: _Cake Monster

**600 BNB raise on **BSCStarter

Via whitelisting submission
500 $START or above — for guaranteed pre-sale allocation
50–499 $START — first-come-first-served
Hardcap = 600 BNB
Softcap = 1 BNB

_Please familiarize yourself with the conditions of the BSCStarter platform beforehand so that you can participate in good time -> _Guide

400 BNB raise

Via whitelisting submission
Winners will be selected and results will be published publicly
Preferential weighting for DeFi LABS token holders ($MWG, mwBTC, $PRIA) with a min. total value of $1000 per wallet at the time of drawing (Must be the same ETH address as your submitted BSC address). The weighted RATIO is 1.5:1
find additional details here

More Details

1000 BNB total raise
Maximum = 1 BNB per slot (5M $MONSTA= 0.05% of total supply per wallet address)
Minimum = 0.01 BNB
Raised BNB will be used for the initial liquidity pool (30%) at launch and initial marketing campaign (70%) -> Details
Launch of pre-sale is June 19 2021, 18:00 UTC

Community Engagement

Pay macro influencers and key partners
Pay for further marketing to break into the mainstream
Community events and rewards (e.g. manual burns or airdrops)
Prizes, competitions and charity
Development and integration
Security audits (e.g. for smart contract upgrades voted on by community)

Public Sale Launch Liquidity

Pre-sale funds (30%) will be used for initial launch liquidity on Pancake Swap
Liquidity is locked in LP and automatically added via the smart contract

How and Where to Buy MONSTA ?

MONSTA token is now live on the Binance mainnet. The token address for MONSTA is 0x8A5d7FCD4c90421d21d30fCC4435948aC3618B2f. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

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, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap MONSTA token

Contract: 0x8A5d7FCD4c90421d21d30fCC4435948aC3618B2f

The top exchange for trading in MONSTA token is currently Pancakeswap v2

Find more information MONSTA

☞ Website ☞ Explorer ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!

☞ **-----https://geekcash.org-----**⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #monsta #cake monster

What is Cake Monster (MONSTA) | What is Cake Monster token | What is MONSTA token