Cake Monster Proof-of-Concept Draws Closer

Cake Monster, a unique and elastic DeFi protocol operating on the BNB Chain, is set to complete its inaugural cycle on June 18. This milestone marks a significant achievement for the Cake Monster community and the dedicated team behind the project. With barely two weeks remaining, excitement is building as the protocol's proof-of-concept draws closer.

Cake Monster Intro Video

One notable aspect of this milestone is the opportunity for individuals to purchase Monsta tokens now and claim two secondary assets, simply by holding them for the next two weeks. This unique feature adds value and benefits to token holders, further enhancing the attractiveness of the Cake Monster ecosystem. Additionally, the team is looking ahead to cycle 2, which will introduce more strategic vault allocations and explore the possibility of a multi-chain vault. Community members will have a voice in determining the assets for cycle 2 through voting during the early stages of the new cycle.

Cake Monster Significant Milestones

Over the course of the past two years, Cake Monster has successfully accumulated over 421k $CAKE ($662,246) and 869 $BNB ($241,183) in its vault. The majority of these assets were acquired during the bull market, propelling the protocol's market capitalization to an impressive $250 million all-time high. As the two-year mark approaches, Monsta token holders will be able to claim their share of the vault assets, proportional to their percentage share of the circulating supply. Following a 30-day period, the total token supply will relaunch, allowing holders to claim additional $MONSTA tokens from the re-mint for Cycle 2, once again proportionally based on their circulating supply percentage at relaunch.

The Cake Monster team, with nearly two years of experience working together, has also achieved success with the launch of MonstaPartyNFTs—a play-to-earn NFT project on the BNB Chain. This venture demonstrates the team's trustworthiness and commitment to creating engaging and sustainable ecosystems for token holders. Both the Monsta and MonstaParty ecosystems complement each other, rewarding patient holders while the vault continues to grow.

As of writing, the $MONSTA token is priced at $$0.00090418, with a circulating supply of 6,354,614,078 and a market capitalization of $5,731,390, according to Coingecko. These figures reflect the project's steady growth and increasing interest from the community.

Cake Monster's success is driven by its unique approach to DeFi, offering token holders not only financial benefits but also engaging experiences through the MonstaParty NFT project. As the completion of the first cycle approaches, the team looks forward to celebrating this major milestone and continuing to build a strong and sustainable ecosystem for its growing community of users.

Furthermore, Cake Monster has plans to launch its Diamond Claw Elite NFTs in the second cycle. These NFTs will provide holders with substantial rewards in the upcoming cycle, further enhancing the value proposition for the community.

What is Cake Monster:

Cake Monster is a unique and elastic DeFi protocol that works in deflationary two-year cycles on BNB Chain. The intrinsic token (MONSTA) value is backed by its non-correlated asset vault reserves (e.g BNB, CAKE), which are used to reward holders at the end of each cycle.

For more information about Cake Monster, visit the website, join the community on Telegram, and follow their official Twitter and Medium for regular updates.