Auto-Cashout
This feature ensures continued deflation and volume while softly penalizing inactive holders and reward active holders
*New policy active after community vote since August 25, 2021. Read more here.
New Auto-Cashout Policy, Double Kitchen Rewards, Crumbs Boost and More!
Medium

Ensuring Deflation

Cake Monster needs to reach its End Supply of 1 million MONSTA for the CAKE Gravity Vault to open and share all the collected $CAKE with $MONSTA holders.
But imagine someone owning $10 million of MONSTA and then losing their wallet keys. We would never be able to reach the final supply of 1 million.
To combat this, we have an Auto-Cashout feature for any wallets that have been inactive for 50 days. This means that if that wallet has NOT made any MONSTA transaction of over 5% of their wallet balance in 50 days, they can experience an Auto-Cashout.

Auto-Cashout

Auto-Cashout converts the current inactive wallet balance of MONSTA for BNB which stays in the holders wallet. The converted $MONSTA is then burned out of the liquidity pool to decrease the MONSTA supply and create scarcity of available MONSTA to buy from the LP.
Auto-Cashout can be performed by anyone who sees the opportunity via the dashboard. Their reward is 2.5% of the inactive wallet's MONSTA balance. The remaining amount is sold for BNB as mentioned above.

Auto-Cashout Example

*New policy active after community vote since August 25, 2021. Read more here.
  • Buy back 70% of an inactive holders MONSTA with BNB from the Liquidity Pool (goes to the inactive wallet in the form of BNB)
  • Buy CAKE worth 20% of an inactive wallet MONSTA holdings, using BNB from the LP and add the $CAKE to the Gravity Vault
  • Mint MONSTA worth 2.5% of an inactive holders $MONSTA and send it to the Cashout callers wallet
  • Leave BNB worth 10% of an inactive holders MONSTA in the LP (7.5% Liquidity β€œaddition”, 2.5% to account for the caller reward)
  • Burn 100% of the converted MONSTA out of the LP

Important Note

  • If you got cashed out, please find advise in our Telegram Community channel! You can easily qualify for a partial refund! Type /cashedout and follow the instructions from the explainer text that you trigger. If you got cashed out, 70% of your MONSTA holdings were bought back from you with BNB by the Cake Monster protocol and will stay in your wallet. More Info on Cashouts here​
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Last modified 1mo ago