# Recursive Strategies

Recursive Strategies are **net-new** assets that buy themselves instead of an underlying asset. 

Anyone can launch a Recursive Strategy, which will have a 0.01e deploy fee, 0.008e buys and burns $PNKSTR, and 0.002e 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 rebuy the Strategy in the future
* 1% as royalties to the creator of the Strategy
* 0.8% for buying and burning $PNKSTR, the ecosystem token
* 0.2% to TokenWorks

Trading fees pool up, and every 30 minutes all funds in the pool are used to buy and burn the STR token. This fee mechanism encourages long-term holding and prevents overtrading. <br>


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