Based MonstaPrice

(MONSTA)

Based Monsta is a gamified decentralized finance (DeFi) ecosystem built on the Base network. It utilizes a unique "Primary Vault" system designed to accumulate secondary assets over time. The project follows a deflationary model centered around 12-month operational cycles. During these cycles, the protocol collects transaction taxes to fill the vault. At the conclusion of a cycle, participants can engage in specific mechanics to earn rewards, creating a sustainable and engaging economy for long-term holders.

Based Monsta represents the strategic evolution of the original protocol previously established on alternative major blockchain networks. The development team, Monsta Corp, launched this version to take advantage of the scalability and efficiency offered by the Base network. While it retains the core "Vault" and "Cycle" mechanics that the community is familiar with, Based Monsta introduces refined logic and improved features tailored for the current DeFi landscape on its new host chain.

The protocol implements a 3% tax on all transactions to support the ecosystem's growth and the vault's value. For buy orders, the entire 3% tax is directed into the Primary Vault to build up rewards. For sell orders, 2% of the tax is sent to the Vault, while the remaining 1% is permanently burned from the total supply. This mechanism ensures that the token remains deflationary, as the circulating supply constantly decreases with every sell transaction.

Based Monsta operates in year-long phases where taxes are continuously collected. At the end of a 12-month cycle, the "Burn-to-Claim" phase begins. During this time, a snapshot of holder balances is taken. To receive a share of the accumulated assets in the Primary Vault, users must burn their tokens. This process creates massive deflation while rewarding participants. If a user chooses not to burn their tokens, their share of rewards is rolled over to the next cycle, increasing the starting value for the following year.

These NFTs are released as monthly mints within the ecosystem. Their primary utility is linked to the "Bonus Vault," which typically holds a dedicated portion of the total rewards. Users who successfully collect all 12 unique monthly keys within a single cycle generally gain access to this additional reward pool. These NFTs serve as a gamified layer that incentivizes consistent participation and engagement throughout the year-long protocol duration.

Tokens can be acquired through decentralized exchanges on the Base network, typically paired with WETH. Once acquired, community members often refer to "Grinding" and "Stacking." "Grinding" involves active participation in community events and social initiatives to earn rewards. "Stacking" refers to the long-term accumulation of tokens. By holding and increasing their balance over time, users aim to maximize their eventual payout during the "Burn-to-Claim" phase at the end of the protocol cycle.