Cake Monster (MONSTA) is a memecoin that operates on Binance Smart Chain, utilizing gaming and NFTs in meme ecosystem. More
| Fully Diluted Valuation | $398,848 |
|---|---|
| 24H Trading Volume | $157 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 8.24 B |
| Total Supply | 8.24 B |
| Max Supply | 10.00 B |
| Categories | NFT 2 more |
|---|---|
| Founder | Anonymous |
| Website | cake.monster |
| Socials | 5 more |
| Explorer | Bscscan 1 more |
| Name | Pair | OG Score |
|---|
Unveiling Cake Monster ($MONSTA): A DeFi Innovation with a Sweet Twist
In the fast-paced world of decentralized finance (DeFi), Cake Monster ($MONSTA) emerges as a groundbreaking protocol on the Binance Smart Chain (BNB), introducing a captivating blend of hyper-deflationary dynamics, dividend-yielding assets, and a novel approach to monetary policy.
A DeFi Pioneer with Gravity Vaults
Cake Monster proudly claims its position as the first DeFi protocol worldwide to implement Gravity Vaults. Operating on the BNB Chain, $MONSTA utilizes a transaction tax to acquire $CAKE, continuously contributing it to the Gravity Vault. When the minimum supply of 1 million $MONSTA is achieved, all holders gain access to claim their $CAKE from the Gravity Vault. This ingenious mechanism ensures a dynamic interplay between transactional activity, token supply, and the value stored in the Gravity Vault.
Hyper-Deflationary and Dividend-Yielding
At its core, $MONSTA is a hyper-deflationary and dividend-yielding token, setting itself apart with a two-year cycle structure. As transactions occur and gamified features engage users, the total token supply steadily decreases. Simultaneously, non-correlated asset vault reserves, such as BNB and $CAKE, grow, acting as rewards for holders at the end of each cycle. This distinctive dance between decreasing token supply and increasing claimable backing value adds an intriguing dimension to the DeFi space.
Cake Making and Crumbs: An Interactive Experience
Cake Monster introduces a unique process called "Cake Making," allowing users to earn $MONSTA by actively interacting with the app. As the token supply decreases, participants can also earn $CAKE through periodic rewards known as "Crumbs." This interactive experience not only engages the community but also fosters a dynamic ecosystem where users are actively involved in the growth and sustainability of the protocol.
The Faces Behind the Monster
Founded in 2021 by pseudonymous members Whaleorian, MJ, and others, Cake Monster ($MONSTA) maintains an air of mystery with the real identities of its creators remaining unknown. Despite the playful and meme-like appearance, the project boasts a robust economic model, attracting knowledgeable minds and a passionate community. Behind the stunning artwork and whimsical nature lies a project driven by innovation and a commitment to sustainability.
A Vibrant Community and Strategic Vision
Cake Monster may catch your eye with its memes and NFTs, but it's far more than meets the eye. The project places a strong emphasis on organic growth and smart contract upgradability, ensuring a fair and continually improving ecosystem. The team's dedication to innovation is evident in the rapid development of new features and deployments.
Looking Ahead: A Project Worthy of Attention
Cake Monster's innovative approach to DeFi, combined with a comprehensive PR and marketing strategy, positions it as a project deserving of attention and analysis. Beyond the captivating visuals and engaging community, $MONSTA is driving efficiency and utility in the DeFi space, with promising developments on the horizon.
In conclusion, Cake Monster ($MONSTA) is not just a meme; it's a DeFi pioneer pushing the boundaries of what's possible in the world of decentralized finance. As the project continues to evolve, it invites enthusiasts to join in the excitement, bringing a sweet twist to the DeFi landscape.
Cake Monster stands out with its pioneering Gravity Vaults, making it the first DeFi protocol globally to implement this innovative feature on the Binance Smart Chain. Its hyper-deflationary and dividend-yielding nature, coupled with a two-year cycle structure, creates a distinctive dynamic in the decentralized finance space.
Cake Monster was founded in 2021 by pseudonymous individuals known as Whaleorian, MJ, and others. The real identities of these creators remain undisclosed, adding an air of mystery to the project.
You can buy Cake Monster (MONSTA) on PancakeSwap (v2), ApeSwap cryptocurrency exchanges.
