Why I'm so Bullish on $Monsta
A Thread:
1/ I've been asked a lot why i'm so bullish on $Monsta and how I can be so certain that we're going to $1 and beyond...
Here I put some Thoughts Together:
A Thread:
1/ I've been asked a lot why i'm so bullish on $Monsta and how I can be so certain that we're going to $1 and beyond...
Here I put some Thoughts Together:
2/
Before Understanding $Monsta it is necessary to understand Sustainable Economic Theory and why most of the current day cryptos (including BTC + ETH) have unsustainable Economic Policies and will eventually fail:
Before Understanding $Monsta it is necessary to understand Sustainable Economic Theory and why most of the current day cryptos (including BTC + ETH) have unsustainable Economic Policies and will eventually fail:
3/
Currently we only know 2 models of economic policy: Inflation or Deflation.
Inflation as we all know is ultimately doomed (Zimbabwe, Venezuela, USA?) as Human Greed causes central powers to misuse their powers and just print more money indefinitely. This leads to implosion.
Currently we only know 2 models of economic policy: Inflation or Deflation.
Inflation as we all know is ultimately doomed (Zimbabwe, Venezuela, USA?) as Human Greed causes central powers to misuse their powers and just print more money indefinitely. This leads to implosion.
3.2/
People love to brag about Deflationary currencies and how 'nr go up'.
The problem with Deflation is that it makes larger holders hoard supply (Think BTC) to the point where it is no longer usable as nobody wants to sell.
This leads to a crash:
metawhale.io/docs/INTRODUCT…
People love to brag about Deflationary currencies and how 'nr go up'.
The problem with Deflation is that it makes larger holders hoard supply (Think BTC) to the point where it is no longer usable as nobody wants to sell.
This leads to a crash:
metawhale.io/docs/INTRODUCT…
3.3/
Here is a nice Image showing what happens on a long enough time frame when supply is hoarded:
Here is a nice Image showing what happens on a long enough time frame when supply is hoarded:
4/
So the 'Sustainable' Solution is one in which both Deflation & Inflation can live in harmony and can sustainably manage the economic expansion and contraction that one finds in real life.
Elastic Supply.
A cycle or balance of sorts.
metawhale.io/docs/INTRODUCT…
So the 'Sustainable' Solution is one in which both Deflation & Inflation can live in harmony and can sustainably manage the economic expansion and contraction that one finds in real life.
Elastic Supply.
A cycle or balance of sorts.
metawhale.io/docs/INTRODUCT…
5/
Okay, so now that we have the background out of the way:
What the HELL does a Cartoon Cake Eating Monsta have to do with all of this?
Okay, so now that we have the background out of the way:
What the HELL does a Cartoon Cake Eating Monsta have to do with all of this?
3.2.1/
Before Maxi's chime in here and say "BTC is not deflationary"...
Currently it is still technically Inflationary yes.
BUT, you must factor in:
- Unspendable UTXO's (due to cost)
- Dead People (ie lost coins)
Its impossible to know even today if the rate of loss>mint.
Before Maxi's chime in here and say "BTC is not deflationary"...
Currently it is still technically Inflationary yes.
BUT, you must factor in:
- Unspendable UTXO's (due to cost)
- Dead People (ie lost coins)
Its impossible to know even today if the rate of loss>mint.
6/
So $Monsta was born out of the @defi_labs_ community.
Dr Mantis (From Defi Labs), who is also an actual Rocket Scientist, released various projects (on ETH) aiming to solve the above issues.
@PRIA_token @Meta_Whale
Unfortunately the friction of eth gas costs...
So $Monsta was born out of the @defi_labs_ community.
Dr Mantis (From Defi Labs), who is also an actual Rocket Scientist, released various projects (on ETH) aiming to solve the above issues.
@PRIA_token @Meta_Whale
Unfortunately the friction of eth gas costs...
7/
The $Monsta launch was fair with a whitelisting process and slight advantage for being in Defi Labs projects prior.
However, the team, at all times honored 'fair' launch above personal gain.
The $Monsta launch was fair with a whitelisting process and slight advantage for being in Defi Labs projects prior.
However, the team, at all times honored 'fair' launch above personal gain.
8/
So what is $Monsta you ask?
$Monsta takes the principles of Sustainable Economic Theory (as outlined above), Gamifies it, Wraps it in a fun meme, makes an ecosystem out of it and released it on a chain without much friction (ie tx cost) #BSC
So what is $Monsta you ask?
$Monsta takes the principles of Sustainable Economic Theory (as outlined above), Gamifies it, Wraps it in a fun meme, makes an ecosystem out of it and released it on a chain without much friction (ie tx cost) #BSC
9/
At its core, $Monsta is a value-accruing protocol that farms its own trading volume for a secondary asset (can be anything from #Cake to Gold or $BTC) whilst at the same time Deflating itself and ensuring holder participation.
In Short:
Reserve Asset go ⬆️
Supply go ⬇️
At its core, $Monsta is a value-accruing protocol that farms its own trading volume for a secondary asset (can be anything from #Cake to Gold or $BTC) whilst at the same time Deflating itself and ensuring holder participation.
In Short:
Reserve Asset go ⬆️
Supply go ⬇️
9.1/
It Does this via a Tx Tax (5%) of which 2.5% is burnt & 2.5% is converted to a non-correlated asset and stored in a vault.
Value is released to users every 1% deflation and the Full Vault pays out either after 2 years or after 99.99% deflation.
cake.monster/whitepaper/en/…
It Does this via a Tx Tax (5%) of which 2.5% is burnt & 2.5% is converted to a non-correlated asset and stored in a vault.
Value is released to users every 1% deflation and the Full Vault pays out either after 2 years or after 99.99% deflation.
cake.monster/whitepaper/en/…
10/
Its Important to Read the Whitepaper.
Here it is again for if you missed it:
cake.monster/whitepaper/en/…
Its Important to Read the Whitepaper.
Here it is again for if you missed it:
cake.monster/whitepaper/en/…
11/
Okay, so now that we've got some background and understand more what $Monsta is at the core and why it is built on sustainable economic theory, lets go a level higher and see what's going on on top:
Okay, so now that we've got some background and understand more what $Monsta is at the core and why it is built on sustainable economic theory, lets go a level higher and see what's going on on top:
12/
Ppl always ask:
"What utility does it have"
"Without utility its just like Doge and is only backed by the actual speculation of the value appreciation of the coin itself"
Although this is technically wrong, the $monsta team have built an engaging platform on top...
Ppl always ask:
"What utility does it have"
"Without utility its just like Doge and is only backed by the actual speculation of the value appreciation of the coin itself"
Although this is technically wrong, the $monsta team have built an engaging platform on top...
13/
$Monsta Rewards you to Hodl (as is the theory - Supply monopolization)
You get paid to Hodl via:
- Crumbs (every 1% Deflation)
- NFT Dividends
- Vault Growth
- Deflation
- Vault Release (2 years or 1m supply).
Best part is once the cycle ends we do it all over again
$Monsta Rewards you to Hodl (as is the theory - Supply monopolization)
You get paid to Hodl via:
- Crumbs (every 1% Deflation)
- NFT Dividends
- Vault Growth
- Deflation
- Vault Release (2 years or 1m supply).
Best part is once the cycle ends we do it all over again
14/
$Monsta has also just announced P2E NFT's @MonstaPartyNFTs which will be a P2E NFT game that uses $Monsta currency.
Info Here: cakemonster.medium.com/play-2-earn-ge…
$Monsta has also just announced P2E NFT's @MonstaPartyNFTs which will be a P2E NFT game that uses $Monsta currency.
Info Here: cakemonster.medium.com/play-2-earn-ge…
15/
As most of DEFI, Monsta uses an AMM pricing model to determine price.
The price is literally the relationship between BNB/MONSTA in the LP.
However, as $Monsta is Hyper-deflationary, supply is being hoarded & NFT games are coming, its gearing up for a severe supply shock
As most of DEFI, Monsta uses an AMM pricing model to determine price.
The price is literally the relationship between BNB/MONSTA in the LP.
However, as $Monsta is Hyper-deflationary, supply is being hoarded & NFT games are coming, its gearing up for a severe supply shock
16/
Out of 5.8bn in circulation there is already only 80m left for sale...
Obviously sellers have their price, but new buyers can't just buy supply anymore...
And new Buyers far exceed Sellers
Out of 5.8bn in circulation there is already only 80m left for sale...
Obviously sellers have their price, but new buyers can't just buy supply anymore...
And new Buyers far exceed Sellers
17/
Furthermore, with the NFT P2E games being launch and their mechanics the supply shock will probably only get worse (better):
Furthermore, with the NFT P2E games being launch and their mechanics the supply shock will probably only get worse (better):
18/
$Monsta is an Experiment in Sustainable Economic Cycles.
in the First cycle the $Monsta eats #Cake, but in subsequent cycles nothing stops $Monsta from having Multi-Asset Vaults.
Ultimately i see this model becoming the standard method of value accrual in the future...
$Monsta is an Experiment in Sustainable Economic Cycles.
in the First cycle the $Monsta eats #Cake, but in subsequent cycles nothing stops $Monsta from having Multi-Asset Vaults.
Ultimately i see this model becoming the standard method of value accrual in the future...
19/
Team has integrity and likes to party :)
Team has integrity and likes to party :)
20/
I might have missed a few things, but its okay :)
Get involved. $Monsta continues to astonish.
$1 is Programmed.
And this is how:
I might have missed a few things, but its okay :)
Get involved. $Monsta continues to astonish.
$1 is Programmed.
And this is how:
21/
End.
End.
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