PunkStrategy
PunkStrategy (PNKSTR) is a meme coin and an experimental on-chain financialization project built on the Ethereum blockchain, drawing its inspiration from the scarcity and community-driven value of the iconic CryptoPunks NFT collection. It introduces a novel economic model where transaction fees are used to purchase CryptoPunks from the open market, which are then relisted for sale at double the price. The proceeds from these sales are subsequently used to buy back and burn PNKSTR tokens, creating a deflationary pressure on the token’s supply. This unique mechanism connects the value of a meme coin directly to a blue-chip NFT collection.
A simple mechanism for buying and selling Punks while burning token supply, forever.
1 – 10% of each trade of $PNKSTR is taken as a fee and stored in the protocol (minus 2% rake)
2 – When there’s enough fees in the pool, the machine buys a floor punk
3 – The punk automatically gets listed for 1.2x the price
4 – When the punk is sold, all of the ETH buys and burns $PNKSTR
