I hate to say it but an $FWA based token launcher could be interesting.
- Fees go towards pulling on FWA
- Fees go towards buying nfts and depositing
- Fees on the platform token
- Fees distributed to platform token holders
Would have to launch fairly via a presale.
But please don’t build this.
RWA has now yielded 100,000 $FWA.
As per the 'Flywheel Blueprint' linked below:
- 30% will be used to participate in FWA
- 60% will be used to buy and burn $RWA
https://t.co/tjOEnWUdwa
RWA is not rocket science; otherwise, it would have been called Rocket World Acquisitions.
It’s a novel token flywheel aimed at returning value to holders via buy-and-burn fuelled by:
a) the 1% creator fees from $RWA on the @token_works TTT protocol.
b) yield (ETH + $FWA) accumulated on FWA from depositing NFTs bought from the 1% creator fees.
To date, we’ve deposited a @BoredApeYC MAYC paired with the ETH equivalent (1.2) and a @veefriends original also paired with the ETH equivalent (1.735).
You can also see from our recent post that the PNL is down by ~1.5 ETH because someone won the Veefriends NFT yesterday but chose to take the ETH instead of the NFT, allowing it to be redeposited.
We’ve also burned 2.7M $RWA, which was 5% of the creator fee earnings at the time of burn.
As per our Temu Claude website below, you'll see how the flywheel works and RWAs' ambitious goals ⤵️
https://t.co/H7SGt0uS9P
We spoke with FWA founder @Rhynotic about buybacks as a potential mechanism for the NFT gacha site
He shares whether he’d implement them, what split he thinks would work best, and where the tokens actually go 👇