Grazing Range Pool #25 — Welcoming MONI to the herd!
Dear alpacas,
We senior alpacas are excited to welcome our newest addition to the range — Monsta Infinite!
All you young alpacas will be able to stake ibALPACA for $97k USD in MONI rewards, which will be distributed over 4 weeks in the Grazing Range. The pool will go live on Oct 19th, 2021 at 10 AM GMT. As usual for a Grazing Range pool, you will also have a chance to earn exclusive NFTs if you meet the staking criteria.
A leveraged yield farming pool for MONI may be supported in the future if it meets the minimum liquidity requirements.
🎁Grazing Range Reward Details
Total Rewards: 33,200 MONI (~$97k USD)
MONI Token: 0x9573c88aE3e37508f87649f87c4dd5373C9F31e0
Rewards Period: 4+ weeks
Rewards Start Block: 11,910,600 (Approx. Oct 19th, 2021 10 AM GMT)
Rewards End Block: 12,717,000 (Approx. Nov 16th, 2021 10 AM GMT)
Distribution Schedule:
Exclusive NFT Cards for Pool’s Stakers
To be eligible, you must stake ibALPACA in the MONI Grazing Range pool before October 20th, 10 AM GMT (1 day after the pool opens) and stake until at least November 16th, 10AM GMT (for 27 days). The NFT tier you receive will be based on the amount of ibALPACA staked.
- Green Tier: staked at least 500 ibALPACA
- Silver Tier: staked at least 5,000 ibALPACA
- Gold Tier: staked at least 50,000 ibALPACA
About Monsta Infinite
Monsta Infinite is a decentralized game universe where anyone can earn tokens through playing the game competitively or for leisure.
Monsta’s mission is to make the power of internet finance easy to understand and accessible to everyone. We believe that through gamification, we can push for easier and wider adoption of blockchain technology.
🔒Security Score Card on MONI
Have the contracts been audited by professional auditing firms?
Yes, we’ve received audit reports from Certik and Callisto.
What is the project’s inception date?
We started the ideation process on the 20th Feb, 2021 and started marketing for the project on 2nd August, 2021.
Has your project even been involved with a hack or exploit?
No.
What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?
All undistributed tokens are locked in the token contract and the distribution is according to our token distribution excel which can be accessed here. For presale 1 and presale 2, tokens can be distributed by anyone once it reaches the unlock time.
Our liquidity pool tokens are locked in a timelock contract, and every smart contract of the project is controlled by a multisig wallet, which is only accessible to a few core team members.
Does your token have a maximum supply cap?
Yes, the MONI token supply is capped at 270,000,000.
Mint function. If Token does not have maximum supply, how is the mint function controlled?
The token has a maximum supply of 270,000,000 and there is no mint function for the token.
Centralized treasury. If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?
The treasury will be held in contracts with multisig access control and the public address will be announced.
Migration Function. Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?
No, we don’t have a migration function in the code.
Upgradeable contracts. Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?
All our contracts are not upgradable.
Third-party risk. What underlying external parties do your contracts rely on?
We do not rely on any external parties besides the DEXes that hold our liquidity pool. All other services are currently within our own ecosystem.
Where are tokens currently listed?
Pancakeswap, Ascendex and Gate.io
Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)
MONI is the governance token and it can be used for staking. Monsta Infinite implements a dual token economic model. Our in-game token is STT. There’s a swap on our sidechain that enables user to purchase STT using their MONI and the users can’t do the opposite, they have to bridge the STT token to BNB Chain if they wish to sell it. Only our masterchef smart contract has the authority to recycle STT that’s generated from all kind of sales or in-game usage back into the MONI-STT liquidity pool to retrieve the MONI tokens and move them to the staking treasury.
Does your token have any advanced mechanics such as deflationary/rebase/reflexive?
No.
Please share your project’s roadmap
You can find our roadmap here.
What % of the token supply is/will be controlled by the team
The team allocation is 16% and is locked for a year and release gradually over 4 years period.
What % of the token supply is controlled by investors? What is the token distribution model?
Please refer to our tokenomics for a detailed distribution mechanism and a downloadable spreadsheet. You can find that here.
Please share the profile of key team members
We are a team of 13 key members with backgrounds in blockchain development, marketing and gaming. The team is based in Singapore and Malaysia. Here is a summary of our core team members:
- Jin Tan — CEO
- Hor Kong — CTO
- Mark Lee — CFO
- Joshua — COO
- Eason — CMO
- Jeff — CRO
- Dave — Creative Director
- Kingsley — Game Director
Please reach out directly to mark@monstainfinite.com for partnership and business co-operation.
What monitoring or controls do you have in place that could catch issues, halt functions, or delay attacks to protect assets?
We have a monitoring and analytic desks across our server, sidechain nodes and smart contracts to track abnormalities.
Do you have a bug bounty program in place/planned?
We have no bug bounty program at the moment. However, we have been in discussion with Immunefi to set one up before November 2021, as it is a requirement for Binance’s MVB III participation.
Safety practices. Is there someone dedicated to security on the team? Does your git include your test/QA scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?
We work closely with our audit partner, Callisto, to audit our code and identify vulnerabilities upon any of our major updates and releases.
