

Cake Monster to Complete Inaugural Cycle on June 18 - Unleashes Rewards for Token Holders



As the community looks forward to this milestone achievement, individuals can purchase Monsta tokens and receive two secondary assets by holding them for the next two weeks.
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.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News


Gyrowin: Revolutionizing Gaming and DeFi with Cross-Chain Innovation

Powered by its native token GW, Gyrowin combines the excitement of lottery games with the security and transparency of decentralized finance to offer users exciting rewards.
Gyrowin, a groundbreaking cross-chain decentralized gaming, liquidity, and asset management platform, is making waves in the world of blockchain technology and DeFi. With a mission to provide transparent and fair reward distribution, Gyrowin is set to redefine how players engage with lottery games and DeFi protocols. Let's delve into the key aspects of this innovative project.

Lottery Games for Fun and Profit
Gyrowin recognizes the enduring popularity of lottery games and is capitalizing on it. Offering a range of lottery games integrated with staking, lending, and borrowing protocols, Gyrowin allows players to have fun while winning. The platform operates game liquidity pools on major chains like BNB Chain, Polygon, Tron, and Solana, offering a diverse gaming experience.
The platform’s variety of cross-chain lottery games include the 6/41 Lottery, Gylotto, 5/9 Lottery, 10 minutes Lottery, and Instant scratch NFT Lottery. This cross-chain approach ensures accessibility and inclusivity for players across the crypto landscape.
Tokenomics
At the heart of the Gyrowin ecosystem lies its native token Gyrowin ($GW), designed to serve multiple functions, including governance voting, liquidity currency, and incentives for DeFi users. The token structure is meticulously balanced, with allocations for various purposes, including liquidity, reserve, marketing and more, ensuring a sustainable supply-demand ratio. Notably, Gyrowin implements a burning mechanism and regular buybacks to maintain token value. Learn more about the token distribution and allocation here.

Borrowing and Lending with Ease
Gyrowin offers a cross-chain DeFi platform for borrowing and lending tokens across multiple chains, introducing unified liquidity pools that provide higher APR for lenders. Users can borrow from different chains seamlessly, eliminating the need for collateral bridging. The platform also offers zero liquidation on collateral, enhancing user security.
Decentralization and Transparency
The platform places a strong emphasis on decentralization and transparency. Leveraging Chainlink oracle VRF for automation and accurate token price information, Gyrowin ensures fair lottery draws and automated lotteries. The platform also utilizes blockchain infrastructures like The Graph and layer zero for a seamless cross-chain experience.
Money Plant Staking and Freeze Lock
Gyrowin's staking process is designed to be competitive and rewarding for participants. Using a first-come, first-served approach and limiting staking amounts, Gyrowin offers higher yields in a short period. The platform’s innovative Freeze lock feature ensures that unlocked tokens are only available for use after a cooling period, providing additional security.
Smart Contracts and Audits
Security is a top priority for Gyrowin. The project's smart contracts have undergone thorough audits by leading security providers such as Hacken and Solidproof, ensuring the highest level of safety for users' assets.
Gyrowin is a game-changer in the blockchain and DeFi space, combining the excitement of lottery games with the security and transparency of decentralized finance. With its innovative approach to cross-chain functionality, governance tokens, and staking, Gyrowin is set to reshape the future of gaming and DeFi.
Stay updated with Gyrowin and its development via the official links:
Website | Twitter | Telegram | Docs
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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