Monsta Party Post Launch Update
Monsta in Space 🌛
Monsta made his journey to space in an epic world-first debut of the Monsta Party NFT collection, and the views were stunning!🚀You can catch the replay HERE. The collection of 10,000 (-1) unique P2E NFTs has now sold out within a week, all eggs have hatched, and the race is on to crown the Party King! 👑 There’s still time to join in! You can grab your very own Party Monsta from any of our official NFT Marketplace Partners such as tofuNFT, NFTKEY, and PancakeSwap!
While Monsta’s journey to space went off without a hitch, there were a couple of bumps in the road when it came to the minting process (initial bulk minting of 5 NFTs was causing the VRF calls to get stuck due to unforeseen gas issues), which resulted in some delays that we know caused some disappointment. An initial PXP bonus was applied on the first feeding of your new Party Monsta’s to give everyone a little boost to make up for the delay after we migrated the NFTs to a new contract.
We want to thank our passionate community for their patience and support while we worked to sort through everything and get everyone their eggs! Keep your eyes out for some community events in the future for more opportunities to increase your PXP and level up your Party Monsta!
In today’s article we’ll go over several important updates including
- Monsta Party PXP, Rewards, Rarity, & NFT Marketplaces
- Details on Monsta Party x ProjectOasis Playable Character Integration
- Monsta Party Minting Revenue & Royalty Distribution
- The missing Egg
Rewards, PXP, and Rarity
A common question that many members in the community have had surrounding the rate of return or rate of rewards earned while playing Monsta Party. The amount of $MONSTA rewards you will earn from your Party Monsta NFTs is variable and depends on a large number of factors.
It’s important to note that rarity/traits do not impact the dividends/rewards received by your Party Monsta. They’re all equal in that regard.
Your dividends/rewards can fluctuate and are impacted by the following factors
- The amount of PXP your Party Monsta has earned
- The total number of other players claiming rewards and their PXP relative to yours
- The total amount of feeding in $BNB being done by other players
- The variable price of both $BNB and $MONSTA at the time of feeding and dividend earning
- NFT Marketplace volume (accumulated royalties)
For example, when the price of $MONSTA is low and the price of $BNB is high, more $MONSTA tokens are able to be purchased with the feeding revenues and therefore distributed to players. Inversely, if the price of $MONSTA was high and $BNB was low, less $MONSTA tokens are able to be purchased and distributed to players. Players that hold their $MONSTA rewards could see their respective value both increase or decrease.
If you’re curious about the cost versus return for your personal family of Party Monsta’s, you can track the dollar value of feeding/rewards at each time of transaction to give you the best estimate, or you can simply use various assumption prices for $BNB and $MONSTA to run different scenarios.
We plan to integrate more stats on our Monsta Party dashboard to make it easier for users to check their profitability, which will also be a good marketing tool.
NFT Marketplace Partnerships 🖼
In addition to full rarity trait support, both the tofuNFT and NFTKEY teams took the additional step of working with us to integrate and display the PXP value of each NFT. This allows potential sellers to get full value for their NFT by factoring in PXP value while allowing potential buyers an easy way to verify prior to purchase. Thank you to their teams!!
We are in talks for a custom PXP integration on PancakeSwap, but cant promise anything at this point.
We’re actively working on additional collaborations and partnerships! Be sure to join the Monsta Party Discord and keep your notifications turned on for announcements!
Safety Tip: Ensure your Monsta Party NFT is genuine and only purchase/trade via our official NFT Marketplace Partners 🤝
Monsta Party x ProjectOasis Upgradeable Monsta
If your Party Monsta NFT has earned at least 1000 PXP, you will now be able to upgrade your playable avatar within ProjectOasis to a generic Party Monsta! Roam around the Oasis metaverse as the cute and loveable Monsta, stop to chat with other players, visit the Cake Monster house, or do a quick trade at the PancakeSwap house.
Your new Equippable Monsta avatar will be waiting for you inside your inventory! Simply open your in-game inventory and equip the Party Monsta sprite at your convenience.
Keep working towards increasing that PXP because once you reach 5000 you’ll have the opportunity to unlock a playable Monsta sprite that matches your Party Monsta NFT! Level up a Legendary or level up your favorite quirky combo and see it playable and animated in pixel form within the Oasis metaverse! Integration is underway and an announcement will be made when they become available in-game. As long as you have reached 5000 PXP, you’ll obtain access to your customized avatar within your inventory.
It’s worth noting that if your wallet contains more than 5 Party Monstas, the in-game inventory can take some time to fetch and load all the data, so please be patient! If your wallet contains more than this amount, you may experience issues with loading and we recommend transferring your NFT to a separate wallet. The ProjectOasis team is working on additional optimizations to improve this process for wallets that contain a large number of items.
Keep your eyes out in early Q1 for further integrations and updates regarding mini-games, quests, and more!
Monsta Party Minting Revenue Distribution 💰
Approximately 30,996 CAKE representing a total of 30% of minting proceeds were added the Gravity Vault. The vault is now bursting with over 135,000 CAKE tokens (~$1.9 million USD at time of writing!!). This means an increased Slice of the Vault for all $MONSTA holders, larger crumbs, and juicer Diamond Claw NFT dividends. 🤤
In total, we raised 4,194 $BNB, which resulted in a total of 2,097 $BNB being injected into the Cake Monster ecosystem (50% of proceeds). We used 468 $BNB to buy and burn $MONSTA and the rest was used for the great liquidity injection!
NFT Royalty Distribution
It was originally announced that NFT Royalty rates would be set at a rate of 10%, to be split between NFT holders, buying/burning $MONSTA, and $CAKE for the Vault. However, to ensure consistency across all our marketplace partners, and to comply with any maximum royalty rate restrictions imposed by some platforms, the royalty rate for NFT sales on all our marketplace listings will be set at 8%.
This means some changes to the royalty distribution which will now see 5% to be distributed between NFT holders (unchanged), and 3% to be split between development and marketing. This will allow us to retain the people and skills needed to further advance the project and roadmap while continuing to reward holders with a portion of NFT sales as previously planned. You can check the accumulated royalties to date in this wallet and distribution of funds to NFT holders will start soon!
More to come💵
The P2E aspect of Monsta Party is in its infancy and we have many more exciting things planned for the community and the project. With new ways to earn PXP and climb the leaderboard ranks, we can’t wait to show you what we have in the works. So Party Monsta’s, get those dance shoes on and be ready to bust a move!
The Missing Egg 🥚
Many of you have noticed that despite Monsta Party being a collection of 10,000 NFTs, only 9,999 made their way into the arms of new Monster parents.
What happened to the last egg? Where did it go?
It is believed that this lone egg was separated from the others during minting. Likely dropped by the Stork that was tasked with delivering it to their new parents, somewhere over the Caribbean ocean.
Having no desire for the party life, rumor has it that this laid-back and chill Party Monsta set-up home on the beaches of Jamaica where you might just find him kicking back and relaxing, letting you know that “every little thing, gonna be alright” 😉
About Monsta Party
With Monsta Party NFTs you will earn Party XP (PXP), level up your own algorithmically generated NFTs and compete with others for the hottest spots on the dance floor as you climb the leaderboards to earn the sweetest buffet rewards! With over a million possible combinations, the Monsta Party NFT collection includes 150+ custom properties (e.g. headpieces, glasses, hairstyles, accessories, clothing, etc.), 20+ super rare NFTs and about 10 animated deluxe traits!
Everything is handmade and designed with crazy love by our incredibly talented Monsta designers! What is a great Monsta Party without fresh and funky looking Monstas!
About Cake Monster
Cake Monster ($MONSTA) offers a multitude of great features aimed at building a flexible, multifaceted, and automated dividend yield and reward system for participants without compromising the sustainability or security of the protocol ecosystem, and combines this with smart design, creativity, and organic growth, resulting in a very vibrant and engaged community.