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Contract Governance ⚖️
Frequently Asked Questions
⚠️ BE AWARE OF SCAMMERS! OUR ADMINS WILL NEVER ASK YOU FOR YOUR WALLET KEYS OR SEED PHRASE! THERE IS NO CUSTOMER SUPPORT! OUR ADMINS WILL HELP YOU VIA PUBLIC CHAT AND NEVER MESSAGE YOU FIRST!
- 1.Who is the Team and are they doxxed?
- The team has gone through certain private KYCs so that we can collaborate or do business with credible projects like Starter (IDO), Flooz (Trading), Btok (Social Media), Coinzilla/CoinMarketCal (Marketing) or Chainlink (Oracles) in the first place.However, we are not publicly doxxed and have no plans to become so while we transform Cake Monster into a Decentralized Autonomous Organization (DAO), which includes multi-signature access and time locks for protocol upgrades as one of the first steps towards decentralization.The team was founded in the DeFi Labs community, where it was part of the core community and handled development, marketing, and outreach efforts. Cake Monster was inspired by the concept of "Hybrid Monetary Policy" first introduced by the legendary blockchain developer and rocket scientist Dr. Mantis via MetaWhale Gold.
- 2.What's the use case of Cake Monster?
- 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. Cake Monster (MONSTA) in its core is a super deflationary, dividend yield token with unique reserve mechanisms featuring an automated hybrid monetary policy. It combines sustainable, stakeless dividend yield and reward generation with Memes, awesome NFT utility with fun and addicting Gamification aspects. An additional focus on organic community growth, upgrade-ability and a fair and stable ecosystem adds to the quality and longevity of this project. Watch our Explainer Video for a concise and quick overview!
- 3.Is the Liquidity locked?
- Yes, a big portion of the liquidity is locked via UniCrypt. The remainder is locked in the Cake Monster smart contract.
- 4.I cant sell/buy. What slippage do I need?
- Use 6%. If that doesn't work, try 7%. Always try to use whole numbers. So instead of 51402.2 use 50000. In our "How to buy?" section on the website, we also show you how to get started with MONSTA via MetaMask, TrustWallet or Binance Connect (Bridge).
- PancakeSwap says: No token found. Let PancakeSwap load to the point where it shows your BNB balance (even if 0) - then paste the contract address into the token you want to swap to and wait at least 30 seconds to show the result. Restart your browser, clear your browser cache.
- 5.I can't connect my MetaMask wallet via mobile to the dAPP
- Please use the MetaMask's app internal browser
- 6.What's the address of the smart contract?
- 7.What's the address of the Gravity Vault?
- 8.What's the address of the Liquidity Pool?
- 9.What's the address of the Diamond Claw NFT CAKE rewards contract?
- 10.Why has the #1 holder so much supply?
- That's the community wallet. It is used to incentivize growth and development of the Cake Monster ecosystem.
- 11.
- 12.Are you planning to get listed on a centralized exchange?
- If there is a centralized exchange that supports the protocol Tokenomics we are definitely open to that, but it requires some serious coding on their side. If an exchange does not support smart contract functions, it can't comply with protocol tax on transactions nor is it able to support all other smart contract functions. We are looking forward for a hybrid exchange solution in the near future as we are looking for ways to increase accessibly for a wider audience.
- 13.
- 5% on every transaction (sell/buy/transfer). 2.5% goes into the Kitchen Vault to buy CAKE for the Gravity Vault and add liquidity to the LP. The other 2.5% will be sent to the BSC burn address.
- 14.Why is the circulating supply increasing?
- The MONSTA in the deployer/community wallet is considered as locked up supply and therefore out of circulation. In the event that MONSTA is transferred out of that wallet (events, payments etc.), the circulating supply will increase.
- 15.
- This smart contract function ensures continued deflation of MONSTA at all times. Wallets can become inactive if their owners didn't hit the reset button within 50 days or made a transaction of over 5% of their MONSTA holdings (buy/sell/transfer) within that 50 days. If your wallet is marked inactive, anyone that is eligible can trigger the Inactivity Tax on your MONSTA holdings, which leaves you with 70% of your original $MONSTA, while the other 30% is used to buy $CAKE which is then added to the CAKE Gravity Vault. An equivalent of 30% of your $MONSTA is then burned out of the LP on PancakeSwap to ensure deflation.
- You can reset your wallet easily if you go to our dAPP wallet section and hit the RESET button. This will simply trigger a transfer of 5.01% of your holdings to yourself and applies a tax of 5%. The cost of each reset is 0.25% of your total holdings every 50 days. You can also reset your inactivity timer by buying/selling more than 5% of your MONSTA holdings. Use a calculator or check how much MONSTA the reset button would send to you to find out how much MONSTA is needed for a reset.
- To find inactive wallets, holders can simply check the reports section in our dAPP, set the applicable filter and wait for the function to unlock.
- If you got taxed via the Inactivity Tax, you are eligible for the upcoming 50 days to get a refund of 25%. Claim your refund here.
- 16.
- This automates the reset process for you. Simply click reset before your inactivity timer reaches 0. This function simply transfers 5.01% of your MONSTA holdings to yourself and sets your timer back to 50 days. Don't forget to set up your calendar and check back from time to time.
- 17.
- The Gravity Vault acts as a non-native reserve which supports the intrinsic value of the native MONSTA token by accumulating CAKE token. Once minimum supply (1 million) via deflationary measures is reached or two years have past since launch, the Gravity Vault will open and all MONSTA holders will get a share of the collected CAKE depending on their share of MONSTA supply.
- 18.What is the CAKE Gravity Vault APY and how is it calculated?
- This is the average annual percentage CAKE yield for the CAKE growth of the Gravity Vault per year. It also shows you how much your "Slice" is growing per year.Initially we were showing an absolute APY figure based on performance over the past 30 days. The current APY figure shows relative growth, assuming the same percentage of growth for each compounding period, based on the performance over the past 30 days. Absolute Formula (deprecated): cakegrowthover30d% + monstadeflationover30d% - protocol tax (0.15% over 30d) = monthly growth (then compound over 12m) = CAKE Gravity Vault APY (absolute) Relative Formula (live): ("Gravity Vault Growth %" (30 days)) / ("Deflation %" (30 days)) - Cost of holding (30 Days) = monthly growth (compounded over 12m) = CAKE Gravity Vault APY (relative)
- 19.What is "Your Slice"?
- This reflects your share of the Gravity Vault depending on the amount of MONSTA supply you hold. You can claim your "Slice" once the Gravity Vault opens, get your CAKE in exchange for your MONSTA and then your share of the last deflationary cycle with what you claimed your CAKE "Slice" will be minted back to you.
- 20.What will happen to all the liquidity in the LP when the protocol relaunches?
- When the protocol relaunches, the collected liquidity will be stored in a temporary contract and added back to the LP for the new cycle.
- 21.
- In the Kitchen MONSTA is accumulated via taxed MONSTA transactions. Once the Pancake Sweetness reaches 100% a chef can MAKE CAKE. This triggers the protocol to convert 90% of the accumulated MONSTA to WBNB and buy CAKE for the Gravity Vault. The other 10% are added to the locked LP. A chef gets a reward of 2% of the accumulated MONSTA in the Kitchen. The manager queue size is 100, which means that a wallet has to wait 99 turns until it is eligible to trigger the kitchen again.
- 22.
- Just for holding MONSTA you can earn crumbs every time MONSTA deflated by 1%. Once the percentage hits 100% every holder is able to claim crumbs depending on their percentage of holdings from current MONSTA supply. 25% of all accumulated CAKE during the 1% deflation will be available for holders.
- 23.How and where do I get rewards?
- You can earn rewards in multiple ways since Cake Monster offers long/mid- and short term rewards. Our featured rewards come from the Gravity Vault, the Kitchen, the Crumbs, from Cashouts, NFT Dividends and Gravity Vault Staking in the Syrup Pool on PancakeSwap. More rewarding features are in development and research (e.g. lottery, play-to-earn)
- 24.Do I have to stake my MONSTA to earn Crumb/Slice/Dividend or other rewards?
- No, for now MONSTA has a stakeless reward system. For the crumb/slice rewards you simply hold MONSTA and dependent on your share (%) of MONSTA supply, you will be able to claim your earned rewards from the dAPP. The CAKE Crumb rewards do not accumulate over time and have to be claimed before the next 1% supply of MONSTA is burned. Diamond Claw Level 5 NFT dividends accumulate over a period of 3 days but they have to be claimed before the next distribution round starts (after 3 days). The Kitchen and the Inactivity Tax rewards are given to the holders that participate in the use of the protocol and help growing the CAKE Gravity Vault.
- 25.How are the Crumb rewards calculated?
- The total reward for all holders is 25% of the CAKE Gravity Vault growth since the previous 1% MONSTA deflation and is shared amongst all holders depending on their share of holdings. The more MONSTA you hold, the more CAKE Crumbs you get.
- 26.I cant claim my Crumbs, the transactions keep failing.
- In this case you should manually increase the gas limit for the transaction to 300000.
- 27.Why is my Diamond Claw NFT not giving me any benefits or rewards?
- Your DC NFT needs to be "active". To activate your DC NFT, you have to hold a certain amount of MONSTA within a fixed threshold of held supply. Check the requirements for your level here.
- 28.Is my Diamond Claw NFT useless if I'm not able to activate it?
- Not at all! Your NFT is part of a limited edition. The Diamond Claw NFT collection is upgradable and will always be subject to improvements with better rewards and other benefits in the future. These facts will increase the value on the NFT market. Hint: As the MONSTA supply decreases, the required amount of MONSTA to activate your NFT gets lower and lower over time. This means if you simply hold onto your MONSTA, you will reach a point where your holdings will be enough to get the NFT activated!
- 30.What's the PLA (Power Level Attribute) on my Diamond Claw NFT or why do I not have a PLA?
- This NFT attribute will be subject to benefits in the future. TBA. ;-) The generation of the PLA was a onetime event based on the amount of MONSTA someone held in their wallet at the time of a snapshot that was taken prior to release of the Diamond Claw NFT collection. Only wallet addresses included in that specific snapshot are subject to mint NFT's with a PLA attribute as long as NFT's are available for minting.
Last modified 29d ago
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