PunkStrategy
Distribution
15M tokens secured via treasury are allocated to our worldwide holders.
We called it,
The Yoyo™
A simple mechanism for buying and selling Punks while burning token supply, forever.
1st
10% of each trade of $PNKSTR is taken as a fee and stored in the protocol (minus 2% rake)
2nd
When there's enough fees in the pool, the machine buys a floor punk
3rd
The punk automatically gets listed for 1.2x the price
4th
When the punk is sold, all of the ETH buys and burns $PNKSTR
The mission:
Buy and Sell Punks
So far, the machine has bought and sold these punks:
57.876 ETH
55.800 ETH
58.068 ETH
57.720 ETH
58.281 ETH
58.222 ETH
Protocol Fees
Market Cap: $11,593,840
$PNKSTR: $0.011594
Total fees collected:
435.1
Ξ
Fees on trades are used to power the accumulating machine, with 80% going to the protocol and 20% going to the team. There is a minimum 10% fee on trades. All ETH from Punk sales is used to buy the token and burn it, moving the ETH back into the LP.