Mint the Ticket, Take the Ride – Cake Monster Launches Eternal Cake Lottery for NFT Holders

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Welcome to Cake Monster, the furry world of a super deflationary, multi-feature, and dividend yielding tokens on Binance Smart Chain. With various features, such as cute memes, loveable and fluffy NFTs, delicious community rewards, and more, Cake Monster’s aim is to build a novel, flexible and leveraging reward system for its users.

The Eternal CAKE Lottery 

The project’s latest development is The Eternal CAKE Lottery, the first of two scrumptious lottery systems. The lottery is based upon tickets which, once minted, grant the bearer access to lottery draws forever.

The minting of the lottery tickets can be done by active Diamond Claw NFT (DCNFT) holders using the new lotto section in the Cake Monster web application. Tickets can also be bought and sold via the verified listing on NFT marketplace tofuNFT. However, a DCNFT activated by holding the requisite amount of $MONSTA, is required.

The Eternal CAKE Lottery draws are frequent, with lottery numbers being drawn every three days. All participants have to do to see if they’ve won is check the Cake Monster app. The winners are paid in $CAKE, with the victor of the first draw receiving a prize of 67.66 $CAKE. 

Once a winner is determined for each draw, they have 60 hours to claim their reward. If they fail to claim their prize, or if there is simply no winning ticket, the $CAKE is added to the prize pot for the next draw. 

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There is a 1/10 chance that the lottery draw will render a winner, so as the odds suggest, the lottery prize pool is expected to grow rather tasty before one lucky winner eventually gobbles it up. That being said, the draw’s schedule is infinite, meaning there will be a hypothetical infinite amount of winners to be drawn – in other words, $CAKE galore. 

Philanthropical community members also have the ability to increase the lottery prize pool, either through making direct $CAKE donations, or through DCNFT level 5 owners missing their dividends, which’ll then be redirected to the lottery pool address. 

Diamond Claw NFTs

The lottery’s entry ticket, the 3D DCNFT, has five different levels within the ecosystem. The collective capacity of these NFTs has been limited to 3,000, to ensure a holistic sense of exclusivity and stable prices of the NFTs on secondary markets, as well as the value of their corresponding native token, $MONSTA.

DCNFTs offer further utility by giving holders the ability to “make” Cakes in the kitchen, a function which becomes available when certain conditions are met within the tokenomics ecosystem. Through making Cakes, players receive $MONSTA rewards, and the higher the level of DCNFT you own, the less time you have to wait to access the kitchen and begin baking.

That being said, the amount of $MONSTA a DCNFT owner holds when the function to make a Cake appears, will determine the actual, real-time perks they receive (with respect to their wait-time before being granted access to the kitchen, as well as how many ‘Auto Cashouts’ they can do). Those who do not hold the sufficient amount of $MONSTA to reap the benefits of their owned DCNFT, will instead reap the benefits of the highest level of DCNFT they have the funds for.

The dynamic model has no effect on NFT ownership, and players can also gain eligibility to upgrade their DCNFT Level.

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Cake Monster’s DeFi Protocol

Cake Monster’s advanced DeFi protocol and native token, $MONSTA, is unique in its statue as a meme coin which possesses tangible and secure utility. It has a starting supply of 10 billion, allowing tokens to be bought in plenty by Cake lovers far and wide.

The token is deflationary, as 2.5% of each transaction from a ‘Monster’ is burned, whilst another 2.5% is taxed. The platform implements this fiscal system by using the taxes raised via two streams, with the first being to automatically add liquidity to its secure liquidity pool, mitigating any risks of a sour rug pull in this haven of sweetness.

Secondly, it uses the taxed $MONSTA to buy $CAKE, a PancakeSwap and BSC token. $CAKE is then added to the ‘Gravity Vault CAKE Reserve,’ in an innovative DeFi paradigm which gives the protocol tangible value, whilst also increasing its floor price.

The $CAKE in the Gravity Vault then gets served to $MONSTA holders when certain conditions in the platform’s tokenomics ecosystem are met, allowing users to speculate on the price of $MONSTA whilst being backed by the valuable, non-native token, $CAKE.

What’s To Come 

Developments such as The Eternal CAKE Lottery represent only a small part of what’s in the oven for this powerful and rapidly accelerating project. The company’s roadmap lays out its plans to reach a $5 billion market cap through build out its community even further, slicing into the mainstream, expanding its functionality, being philanthropic, and most importantly, partying!

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Visit Cake Monster >> Website

 

Source: https://nftplazas.com/mint-the-ticket-take-the-ride-cake-monster-launches-eternal-cake-lottery/

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