Cake Monster

Cake Monster

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Cake Monster offers a multitude of great features aimed at building a flexible and multifaceted dividend yield and reward system for participants without compromising the sustainability or security of the ecosystem, and combines this with smart design, creativity and organic growth. We are constantly looking to improve the protocol to make it more and more rewarding and fun by adding new features and upgrading what we already have!
  • Markt
    Paar
    Preis
    Band 24H
    24H (Preis)
    24H (Volumen)
  • PancakeSwap (v2)
    MONSTA/WBNB vor einem Jahr
    $ 0.0024
    $ 7.897 K
    -
    -
  • PancakeSwap (v2)
    MONSTA/WBNB % count% vor einem Jahr
    $ 0.0026
    $ 124.688 K
    -
    -
  • PancakeSwap (v2)
    MONSTA/BNB % count% vor einem Jahr
    $ 0.0026
    $ 129.181 K
    -
    -
To be announced
Token-Details
Ticker
MONSTA
Gesamtangebot
7,262,977,333.279154
Weitere Details
Kategorien
Plattform

Über Cake Monster

DeFi tokens (Decentralized Finance Tokens) are financial applications that run on blockchains and mirror concepts that have been successfully used in traditional banking and finance. The key idea is to recreate financial services in a decentralized way without a third party, such as a bank, intervening. Instead, trust is placed in written code (smart contract) that is deployed on a blockchain network and allows interest to be earned, loans to be obtained or (synthetic) assets to be traded, and more, without relying on a third party.

If holders of a typical DeFi token want to earn high interest on staking or yield platforms, they typically must expose themselves to several risks, such as loss of control of their holdings, insecure/badly written smart contracts (bugs, hacks, backdoors), and extremely volatile market conditions, coupled with an immature token economy whose value is only supported by its own underlying token and its experimental utility (e.g., extreme tax, clones). In most cases, the applied monetary policy does not allow for sustainability or longevity of these projects, which creates a bubble that will inevitably implode due to its corrupt and inflexible nature.

In addition, the associated gas costs (Ethereum) and the numerous transactions/interactions that users must initiate along the way make this system errorprone and expensive. These inefficiencies ensure that the public cannot be effectively reached due to low accessibility, high financial risks, unprofitable trades, and general fear factors (e.g., fraud rate, unregulated markets).

The introduction of frictionless yield generation has opened up DeFi to a wider audience, as it simplifies most user interactions via automated logics and rewards holders by passing a portion of the protocol tax to all holders of the token (reflection), while another tax portion seeks to preserve token value via deflationary measures (burning token).

But the problems that remain are overall profitability and equitable distribution of rewards over time, the insufficiently maintained sustainability and stability of the protocol's ecosystem (implosion/monopolization), the inability to update the smart contract logic, and the lack of an advanced and well-executed long-term marketing strategy aimed at achieving mass adoption through high, fast, and low-cost accessibility of the project.

Cake Monster proposes a solution that combines the benefits of perpetual, easily accessible, and profitable rewards for all with a smart and complex monetary solution that allows the protocol ecosystem to stay healthy in all market conditions, where fixedsupply or simple reflection tokens are vulnerable to supply or volume shocks. In addition, there is a “memeable” artwork design, an upgradable contract, and an overly ambitious, dedicated, and well-connected team. Supporting many (new) investment strategies, Cake Monster is a credible financial tool for holders and traders alike and can be used, for example, as a hedge during difficult markets or simple speculation for short, medium, and long-term strategies.

Cake Monster Letzte Nachrichten

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