Cake Monster Releases NFTs, Needs Chainlink's Support to Migrate Hiccups

Chainlink swoops in to help CAKE Monster save the integrity of its mint and preserve fairness.

By
Kyle Heise
on
November 11, 2021
Category:
BSC News

CAKE Monster Mint Tumbles to Success

CAKE Monster NFTs completed a launch party on November 9th that saw several snares along the way. As a result, the team was forced to delay egg hatching a full day to preserve the integrity and randomness of the minting and hatching.

The launch began at 19:00 UTC, and users immediately saw errors minting MONSTA eggs and difficulty finding mints in their wallets. The Cake Monster team took to Twitter to update their team throughout each step of the problem. 

“We're really sorry about the minting issue guys. We ran into some gas issues with the Chainlink VRF when minting 4 or 5 NFTs in a single transaction. We're working with Chainlink and we'll get it sorted. A max of 3 can be minted at the moment,” CAKE Monster tweeted on November 9th.

The CAKE Monster team was able to work together with Chainlink to repair the randomness in the mint. The initial five-day hatching timer, which prevented the opening of any MONSTA eggs, had to be delayed. All users must wait an extra day to see what they will hatch! 

“Update: After consulting with Chainlink it's been determined the best course of action is to migrate the contract to process the delayed/failed transactions. **All token IDs and Random Properties WILL be preserved. You will not lose them**” CAKE Monster tweeted on Nov. 10.

The $MONSTA token decreased as well amidst the unpleasant news. The token tumbled more than 60% between launch time and the time of writing, according to CoinMarketCap. However, the minting issues and price fall led some users to think about buying the dip. 

“All minting issues have now been resolved,” they tweeted once resolved.
Source


MONSTA Launch Details

Only 10,000 of the generative play-to-earn monsters will be minted, using over 150 characteristics. 

The CAKE Monster launch NFT sale is expected to raise up to $3 million, where about $1.5 million will be used to purchase and burn $MONSTA. In addition, $900,000 will also be added to buy $CAKE and add to the community Gravity Vault. 

The prices for minting vary. All active Diamond Claw NFT holders can mint at $200 in BNB, those on the regular whitelist can mint for $250 in BNB, and $300 in BNB for the public. It’s very likely these Monsters will increase in value greater than the minting price due to the nature of CAKE Monster’s tokenomics and the scarcity of 10,000. 


What is Cake Monster:

Cake Monster employs and maintains a fair, sustainable, and rewarding ecosystem. The native token, $MONSTA, is a hyper-deflationary and elastic supply token using CAKE as a unique reserve and reward mechanisms featuring an automated hybrid monetary policy. $MONSTA provides many 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. So far, the protocol offers an NFT protocol Monsta Party.

Where to find more about Cake Monster:

Website | Twitter | Telegram | Medium |

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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