NFTs are starting to make a comeback. The top ETH collections are up near or above 100% in the last 30 days, and bottom buyers of $APESTR and $PNKSTR are feasting because the protocol's NFTs are getting sold resulting in massive buybacks and burns.
If you're not familiar with how these tokens work, there's a 10% buy/sell tax that gets put into a pool. When that pool gets large enough, it will buy the cheapest floor NFT and list it for 20% higher than it was purchased for. When that NFT gets sold, all of the proceeds go toward buying/burning the correlated token.
This design is currently on AVAX under the ticker $SALSTR brought to us by @AVAXStrategies / @PolyPup@AVAXStrategies / $SALSTR has been quietly accumulating over 2% of the @salvor_io NFT collection and currently has a sub 25k marketcap. If Salvor NFTs do a 2x, there is over 300 AVAX that will go into buying and burning a 25K marketcap token. It holds over 1,000 AVAX of NFTs in total. @AVAXStrategies quietly purchased another 17 Salvor NFTs yesterday and it's only a matter of time before the token price reflects the rocket fuel potential that is its treasury of held Salvors waiting to sell.
The bottom is probably in for NFTs which means the bottom is probably in for the only NFT flywheel project on AVAX. $SALSTR. I think a 10x is very very reasonable from these levels once the flywheel gets kickstarted by purchases of it's held Salvor NFTs.
Higher.
We’ve already seen what NFT strategies can do. What we haven’t seen is a strategy built around NFTs that come with built-in utility and rewards, until now.
As a result $SALSTR, the first NFT strategy on Avax, has the potential to set a new standard. Innovation happens on Avax
Over 10% of the $BLKSTR has now been burned. Expect more burns soon. My goal is to burn 80% of the supply this year.
One of the only tokens in crypto that will buy and burn it's own token forever.
https://t.co/mY4fIinPN0
Our $BLACK / $USDC LP is almost back to an all-time high. We've now burned over 3% of the supply with continuous automated buyback and burns. This process will continue on forever.
Don’t listen to the cope people who chose/choose bear come to the timeline with as they explain their decision.
To say people shouldn’t judge you for actively screwing over the person you are paired with under the guise of it being a game…tells us everything we need to know
We just completed a buyback and burn of 100 AVAX (16M) worth of $SALSTR token.
We've now burned 81.6M tokens or 8.1% of the entire supply.
Many features are in the works to continue to buy and burn these tokens. Stay tuned.
Airdrop tokens are in the process of being sent out.
Prepare for some cool new features, tools and upcoming experiments. We will do our best to increase the price of both $SALSTR and $BLKSTR through new features and experiments. Let's cook.
I will be sending out the 30M $SALSTR tokens from the giveaway in the next few days. They will be airdropped to your wallet. Be on the lookout.
After users are done dumping the 30M tokens from the airdrop, I will do a buyback and burn of a sizable amount to support current token holders.
Get ready for the NoChillios Mutation Lab. Coming soon....
1⃣ Mutation Mints will buyback and burn $NOCHILL
2⃣ Rental market for donor NoChillio DNA
3⃣ A small portion will buyback and burn $BLKSTR and $SALSTR as well
Prepare your Nochillio in the next few weeks.
Uplifting and supporting the best projects here on $AVAX is our main priority.
Questions? Drop them below.
Every time I head to @AVAXStrategies I cannot help but get excited.
I love what @polypup has built with the two strategies.
My favourite is the @salvor_io strategy by far!