Drop: 2023-06-18 |
Supply: 10 billion |
Price: 0.01 USD |
We will now explore the next platform known as Cake Monsters. Cake Monsters is a fresh DeFI protocol project implemented on Binance Smart Chain. It functions as a coin with practicality. The initial supply of $monsta is 10 billion. During each transaction, 2.5% of the coin is eliminated through burning, while another 2.5% is taxed. Consequently, the project's concept is straightforward: as the supply diminishes, the price should rise.
The coin utilizes the tax in two manners. Firstly, it contributes to the liquidity pool, enhancing its liquidity. Secondly, the tax is employed to purchase one of the most popular tokens on Binance Smart Chain, namely PancakeSwap's native token, $Cake. All these tokens are subsequently stored in a vault, thereby providing the DeFi protocol with significant value.
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