Aaaaaaand we're live !
https://t.co/gEsRkiKAu2
Had this crazy idea for a meme leaderboard where you can pay USDC to rank.
The higher you pay, the higher you rank.
Inspired by outbid, I have seen several outbid clones for mobile apps, designers and what not.
I think this makes perfect sense for something like memes & if some leaderboard can cross outbid in revenue thats the meme leaderboard.
We've spent the last few weeks designing an economy around three participants.
Builders. Traders. Investors.
Instead of asking "how do we pump a token?", we asked:
How do we make each participant need the other two?
Here's the game.
Builders
- Build products on top of the NFA ecosystem.
- In return for access to our distribution, 50% of protocol revenue flows into the Rewards Pool.
We already have 2 products ready to launch shortly after TGE.
Traders
- To enter the game, you sacrifice a doge.
- Each doge sacrificed permanently increases your wallet's trading capacity.
The more capacity you need, the more NFTs you sacrifice.
Sacrificed NFTs enter the Resurrection Pool.
Investors
- Keeps doges alive.
- Buy and burn tokens to activate it.
- Activated NFTs earn from the Rewards Pool generated by every product in the ecosystem.
At any point, anyone can resurrect a sacrificed doge by paying the protocol-defined resurrection price. As more NFTs enter the Resurrection Pool, the resurrection discount increases, encouraging NFTs to return to circulation.
More traders create more protocol activity.
More protocol activity increases the Rewards Pool.
A larger Rewards Pool attracts more investors.
More investors buy and burn tokens to activate NFTs.
More traders sacrifice NFTs, while more investors resurrect and preserve them.
The economy continuously searches for its own equilibrium.
this is an attempt to build an economy where builders, traders and investors continuously reinforce each other.
This is Chapter One.
NFA
🧹🧹
with less than 48 hours to go for the launch
i’m giving away 1 NFT from my personal collection for every 5 NFT you sweep off the floor
if you have been planning to ape, this is your chance
NFA 🐶
it's been way too long those NFTs from 2021 have been sitting idle in your wallets
dust off your old wallets & get ready to earn yield on your NFTs
obviously NFA