A dip in the market may affect initial performance but that won’t stop the team from celebrating the added exposure.
Cake Monsters NFT Collection set loose on PancakeSwap
The project will be hoping to gain more exposure and perhaps kick some life into PancakeSwap’s NFT transaction volume. Having already shown itself capable of ramping up the BSC token chars, Cake Monsters look set for a new chapter in their journey.
“@MonstaPartyNFTs are now LIVE on the PancakeSwap NFT Market!” The PancakeSwap team confirmed via Twitter before advising users that they: “might experience some delays buying and selling on the site due to BSC network strain, but if your transactions go through on-chain, rest assured they’ve been successful.”
Though delays may have been experienced, that didn’t stop volume from moving up over 13BNB in the first few hours of release and settling on a floor price of 0.32 BNB, at the time of writing. With the general market currently undergoing somewhat of a pullback, the MONSTA team must be thinking positively about the performance.
Just how popular the collection will prove to be is a matter of speculation for the moment, as many await an increase in volume and interest in PancakeSwap’s NFT Marketplace. Nevertheless, the move certainly does register a milestone for Cake Monsters, who will be looking to drum up interest with this latest development.
What is Cake Monsters?
Cake Monster employs and maintains a fair, sustainable, and rewarding ecosystem. The native token, $MONSTA, is a hyper-deflationary and elastic supply token using CAKE as a unique reserve and reward mechanisms featuring an automated hybrid monetary policy. $MONSTA provides many 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. So far, the protocol offers an NFT protocol Monsta Party.
Where to find more about Cake Monster:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.