Intro
This NFT collection sparks the first stage of much more to come and the general goal is to add extra value to the project with highly utilized 3D and Augmented Reality NFT art baked into the core of the protocol.
The applied utility is meant to drive fair protocol management rewards for the community, gamification, add stability to the Cake Monster ecosystem and start a secondary market for the community where limited 3D NFT can be traded with others to make some extra gains. The combination of these things in turn will generate extra volume and hype for Cake Monster.
Utility
The following protocol functions are directly affected by the NFT system.
- Kitchen Management (prioritized access to make cake in the kitchen and earn frequent rewards)
- Auto Cash-Out (exclusive access to sell inactive users holdings and earn 5% commission)
Breaking down the general accessibility to NFT and MONSTA holders will ensure..
- a fairer distribution of protocol management rewards
- to give bots a hard time (empty wallets are now locked out, so even if someone wants to set up bots, he would need to generate volume and hold MONSTA plus move these funds around to other wallets to get around the manager queue. (If a bot is so bold to do this he would definitely do a good deed for us since massive amounts of MONSTA would be burned, CAKE would be bought and the LP would rise)
- to make much more holders happy than before (since your rewards are not being stolen by bots anymore, we will see much more happy people in the chats and social media to spread the word)
- to incentive strong holding of MONSTA (No MONSTA in your wallet, no benefits)
On Top: Extra CAKE rewards will be EQUALLY distributed to the highest NFT level holders. Those rewards are not directly taken from the CAKE Gravity Vault, so the current system faces no change for the disadvantage of non-NFT holders.
Levels, Attributes, and Limits
- A total of 5 visually different 3D NFT”s will be released. Lower level NFT’s will give fewer benefits/priorities than higher-level NFT’s.
- The initial hard cap for the total amount of mintable NFT’s is 3000. The higher the level, the rarer the NFT. These limitations can be adjusted in the future to fit the NFT system into the growing needs of the ecosystem and the rising amount of MONSTA holders.
LVL1 (1000), LVL2 (800), LVL3 (600), LVL4 (400), VL5 (200)
- A snapshot before the official release will record the amount of MONSTA a wallet holds and burn this value into the minted NFT. Its called the PLA or Power Level Attribute and can be seen as a coefficient for future benefits. People will want to have a high PLA for their NFT to get better rewards/benefits and therefore make their NFT highly valuable. A high PLA would make the NFT itself more valuable on the NFT market.
- You can only mint one NFT level per wallet.
- Minting a higher level NFT will automatically allow you to mint all NFT’s from the levels below. This does not apply for airdropped NFT’s. Airdropped NFT’s are minted based on the last airdrop you claimed and all other NFT’s have to be claimed by holding the specified amount of MONSTA.
- Auto Cash-Out will be limited to a total of 30 per day to mitigate selling pressure and to be more forgiving for holders. Some holders will have a little more time to get out of the inactivity. This limit can be adjusted.
Requirements
Airdroppers
- If you claimed the airdrop(s) you will be able to claim your respective NFT without the need to hold MONSTA depended on the given threshold.
- You have to have at least the same amount of airdropped MONSTA in your wallet as you had upon your last claimed airdrop.
- You will need to activate the applied NFT benefits by reaching a specified threshold of MONSTA holdings dependent on the NFT level you own.
Everyone else
- If you did not claim any airdrops you have to hold a certain percentage of MONSTA supply in your wallet to claim the respective NFT and hold it to keep the benefits active.
The supply based system consists of the following rules
- Must hold a minimum percentage of MONSTA supply
Level 1–0.0125%
Level 2–0.025%
Level 3–0.05%
Level 4–0.075%
Level 5–0.10%
Check the Cake Monster holder list and percentages here
https://bscscan.com/token/0x8a5d7fcd4c90421d21d30fcc4435948ac3618b2f#balances
- Calculations will be done for you on the dashboard
- Benefits will become inactive if your MONSTA holdings fall below a certain threshold, but lower-level benefits will become active instead. You can activate them if you reach the threshold again.
Claiming
- You will be able to claim your Diamond Claw NFT via the dashboard once you met the set criteria.
- You will see your NFT’s in the NFT gallery
Upgrades
- You will be able to upgrade your Diamond Claw NFT via the dashboard once you met the set criteria. You will keep the lower level NFT.
About Cake Monster
Cake Monster ($MONSTA) in its core is a special hyper-deflationary and elastic supply token with unique reward and reserve mechanisms featuring an automated hybrid monetary policy. It combines sustainable yield generation with Meme, 3D and Augmented Reality NFT Art plus gamification with focus on organic community growth. It is the first protocol on BSC that is able to relaunch itself once the community owned ever growing gravity vault is opened for MONSTA holders and starts new deflationary cycles which gives opportunity for perpetual arbitrage.
Website: https://cake.monster
Dashboard: https://app.cake.monster
Twitter: https://twitter.com/thecakemnstr
Telegram: https://t.me/cakemnstr
