02/10/2025
Is this the ultimate token flywheel of the era!?!?
→ Everything to know about PunkStrategy & NFTStrategy by TokenWorks
▫️ Breaking down the core loop
▫️ Flagship $PNKSTR & its recursive loop fueled by other nft strategies
▫️ The current fair launch mechanism
Breakdown 🧵
→ Basic idea of the token strategy
▫️ Two primary components of this system - ERC721 NFT & ERC20 Token
▫️ ERC20 Token trading has a 10% fee - 8% is used to buy NFTs from floor & relist that at 1.2x price
▫️ Once sold, the money is used to buy ERC20 Token and burn
forever.
→ Breaking down the core loop - PunkStrategy $PNKSTR
The core loop is simple
▫️ For every buy & sell of $PNKSTR 10% fees is taken
▫️ 20% of that goes to TokenWorks while 80% gets accumulated
▫️ As the accumulated value matches the CryptoPunk floor, the nft is purchased from the market and relisted at 1.2x the price
▫️ Once it sells, the money is used to buy $PNKSTR from the market and burned thereby reducing supply
▫️ Thus token supply reduces with each complete cycle and nft is reintroduced to the market at a higher markup
▫️ Everything is automated
▫️ The risk is reverse spiral however the nfts are not sold into bids, thereby virtually locking the nft supply as well.
Upwards trend = $PNKSTR burned <> Downwards trend = NFT locked
Theoretically the supply reduction should result in value appreciation on either side of the equation.
→ Flagship $PNKSTR & its recursive loop fueled by other nft strategies
NFTStrategy works just like the $PNKSTR core loop
▫️ Trading fees into NFT buys into token buys & burn.
▫️ The key difference here is that 10% fees go back to buy & burn $PNKSTR.
I call it the 'Royalty Burn' 🔥
▫️ This is a massive recursive mechanism for PunkStrategy as the mother strategy that is not only fueled by its own system but every system that is launched under the TokenWorks framework.
→ NFT Strategies are live!
▫️ Currently, there are 7 different NFT Strategies launched under the TokenWorks umbrella.
▫️ MoonBirds, PudgyPenguins, BAYC, Meebit, Squiggle, Toadz, DikButs
▫️ Total MCAP of ~$175M with 405 NFT held on 2nd Oct 2025
→ Current Fair Launch Mechanism
▫️ The key to fair launch at the moment is extremely high fees 95% which reduces to the base 10% over time.
▫️ This might be changed soon as per the TokenWorks team. So stay tuned for the updated version.
→ Each complete cycle means a burn event on $PNKSTR
With enough cycles, theoretically, all the supply turns to ashes.
It is a crazy loop designed to reduce supply of the erc20 tokens via burn and/or vault the erc721 nfts forever.
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