Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 12 November 2021, 21:00 HKT/SGT

Source: Cake Monster
Cake Monster Launches Generative Art NFT and P2E Project in Space

BERN, Switzerland, Nov 12, 2021 - (JCN Newswire) - Cake Monster, a new DeFi protocol on Binance Smart Chain, launched Monsta Party - the world's first generative art NFT and Play-to-Earn (P2E) project in space, on Nov 9.

With more than a million possible combinations, the Monsta Party NFTs are a collection of 10,000 uniquely generated P2E avatars operating on the Binance Smart Chain. Plus over 150 custom properties like accessories, clothing, hairstyles, and so on, more than 20 super rare NFT's, and about 10 animated deluxe traits. Utilizing these unique NFTs, players can interact and "feed" to earn Party Experience Points (PXP), level up generated NFTs, and also earn sweet Cake Monster ($MONSTA) NFT dividends.

The Monsta Party space launch was shown in a live stream on YouTube, and when it ended, minting immediately started for Diamond Claw NFT holders. Maximum 2000 Non-Fungible Tokens could be minted in the first 15 minutes. 15 minutes after, minting was made available for whitelisted users. Maximum 3000 NFTs could be minted in this period. After another 15 minutes pass, minting was open to the public where all remaining NFTs are available for minting. NFT Mints are limited to a maximum of 5 per wallet for all participants.

All levels of active Diamond Claw NFT holders have a minting price of $200 in BNB, $250 in BNB for regular whitelist, and $300 in BNB for the public. For every Monsta party NFT that's fed, the BNB earnings from that feed are used to purchase $MONSTA -- the ultra-deflationary automated dividend yield and meme token, and are divided among all NFT holders. By trading an NFT on the marketplace, approximately 5% of the applied royalties is used to purchase and distribute $MONSTA dividends to Monsta Party NFT holders.

Participants can get whitelisted by holding and activating the Diamond Claw NFTs with the required amount of $MONSTA, or, secure a chance to get on the public whitelist by taking part in a series of contests and giveaways on Twitter and Discord to win a whitelist spot.

Most of the Monsta Party NFT sale proceeds will be injected into the Cake Monster protocol. The launch and sale of Monsta Party NFTs will generate about $3 million in revenue, which results in over $1.5 million used to purchase and burn Cake Monster's DeFi token, $MONSTA, and an additional $900,000 to buy $CAKE and add to the community Gravity Vault. And as such, there will be larger staking rewards and dividends to level 5 Diamond Claw NFT holders, an increased share of $CAKE allocated to every $MONSTA holder at the end of the cycle, and 25% of the added $CAKE for the next $CAKE Crumbs. Plus accelerated rising price floor for $MONSTA.

Cake Monster has made key collaborations and partnerships with leading crypto organizations such as Chainlink, Metavest capital, ProjectOasis, Sent Into Space, and more, for the growth and success of the groundbreaking project. Future NFT rarity properties will be assigned by Chainlink VRF with true on-chain randomness to promote fair games for all.

Cake Monster has further extended its collaboration with ProjectOasis in order to transform Monsta Party NFTs into playable, animated sprites within the Oasis metaverse. This established tie-up offers both community members a new way to interact with their crypto assets while getting to play, have fun, and earn passive income. The OASIS metaverse will continuously provide opportunities for participants to earn additional PXP for completing Monsta-themed quests and winning at integrated minigames. At 1000 PXP players will be able to visit the Oasis Metaverse with a generic Monsta Party playable character. At 5000 PXP, they will be able to visit the Oasis Metaverse with their own 2D-generated playable character. In the future, players will have the ability to buy and equip additional accessories and add-ons for their Party Monsta, allowing them to take part in Oasis PvP battles, adventures, clans, special events, and so on.

About Cake Monster

Cake Monster ($MONSTA), a DeFi protocol on Binance Smart chain, offers unique features focused on developing a flexible, multifaceted, and automated dividend yield and reward system for participants. It's the first protocol to design an increasing Gravity Vault CAKE Reserve that opens up to all $MONSTA holders and rewards them with $CAKE.

For more information, visit

Media Queries
Byron James, Project manager

SOURCE: Cake Monster

Topic: Press release summary
Source: Cake Monster
From the Asia Corporate News Network

Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Latest Press Releases
Pixis (Formerly Pyxis One) Raises $100M in SoftBank Vision Fund 2-led Series C to Grow Its Codeless AI Infrastructure   
Jan 22, 2022 02:00 HKT/SGT
2022's First SPAC and Metaverse Investment Opportunities Virtual Investment Conference in Hong Kong  
Jan 21, 2022 19:35 HKT/SGT
Yeahka ranks No. 1 in the non-bank independent QR code payment service market in China  
Jan 21, 2022 17:51 HKT/SGT
Mitsubishi Power Europe and Stockholm Exergi partner to deliver clean power and heat to the city of Stockholm  
Friday, January 21, 2022 3:51:00 PM
MoU Between Verofax Asia and Distichain to Enable Empowered Digital Global Trade  
Jan 21, 2022 14:00 HKT/SGT
What You Need to Know about TRON in 2022  
Jan 21, 2022 13:00 HKT/SGT
Ingerson Capital Partners Releases the Performance Report on 'Asia Driving Demand for Longer Trading Hours'  
Jan 21, 2022 13:00 HKT/SGT
Realbox launches one of world's first blockchain-based real estate tokenization platforms  
Jan 20, 2022 20:00 HKT/SGT
Slime Royale Announces to Receive Strategic Investment and Incubation Support from Appota Group  
Jan 20, 2022 14:00 HKT/SGT
Hitachi Rail Awarded Contract to Operate and Maintain Princess Noura Bint Abdul Rahman University Autonomous System in Riyadh, Saudi Arabia  
Thursday, January 20, 2022 1:14:00 PM
More Press release >>
More >>
 News Alerts
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: