NFT Strategies

NFT Strategies are based around an underlying asset; there can only be one strategy per NFT collection. Only the owner can launch a strategy for their collection. Strategies can exist for ERC721 or ERC1155 collections, while some custom Strategies are for specific tokens or ranges.

Each token has a 1e deploy fee, with 0.8e buying and burning $PNKSTR and 0.2e to TokenWorks. There is a 10% fee on buys/sells of the token.

Of the 10% trading fee:

• 8% goes to the token contract to buy the NFTs of the underlying collection

• 1% for buying and burning $PNKSTR, our ecosystem token

• 1% as royalties to the underlying collection owner

Trading fees pool up act as a floor bid—this means when our bid gets higher than the price of an asset, a bot will execute the purchase automatically. The strategy then lists the NFT for 20% higher (but this rate can be updated on a per strategy basis).

When someone buys the NFT from the protocol, ALL of the funds are used to buy and burn the STR token. This cycle continues in perpetuity.