been playing @playgigaverse pretty much daily and repping a @GLHFers pfp (one of three i hold).
figured it was time to actually say something about it instead of just quietly losing runs at midnight.
if you haven't tried it, https://t.co/u2MUUldErO. pixels are good, the loop is mean in the right way, and the people building it know what they're doing.
glhf
what makes it stick for me: the runs feel real because you can lose. the market moves because players move it. the updates show up because the team actually ships them.
simple stuff that most web3 games somehow get wrong.
Some of the stuff in here is so diabolical it may actually be too much.
I am biased but the Auctioneer, at the heart of our ecosystem, is my favorite all time collection gamification mechanic.
There's A LOT that can be done with it.
So far, Auctioneer has been responsible for 500 NFTs - roughly 15% of the total supply of GLHFers - being burned forever.
All this said, there's now a significant pipeline of releases coming up for Gigaverse as we've been coiling for a while, and the intention with Auctioneer was never to blow it's load early.
In fact, I think the longer the Auctioneer takes to run all remaining auctions, the stronger of a long term holder base it fosters. My vision is for the auction pipeline to take years to complete, and for there to be several iterations of the core concept throughout - each time introducing novel mechanics and deeper integration in our overall ecosystem.
So, it may be a while before we deploy v2. But when we do.. it's going to be glorious.
Till then remember,
There's only one collection that buys & burns itself.
Big brain design from GLHFers x TokenWorks.
New here?
GLHFers is an NFT project inspired by 80s–90s gaming. Masters at engineering self-sustaining systems.
Why’s this different?
They’ve done this before. Auctions that sold NFTs, fuelled sweeps, and burned the floor.
Here’s why $GLHFSTR works:
- Each 1/1 Strategist earns a % of early trading fees through an onchain gacha roll.
Every trade (buy/sell) feeds the flywheel:
- 8% buys GLHFers NFTs → resold → used to buy & burn GLHFSTR
- 1% buys $PNKSTR
- 1% goes to the treasury (& the first 10 days, to auction winners).
TLDR;
Auctions drive volume
Volume drives rewards
Rewards reinforce demand
Beyond tokenomics, look at the behavioural design here. This is mechanical storytelling.
Someone will make a killer infographic of this soon (not me).
I bet on builders who understand these loops.
These guys have proven they do.
GLHF Strategy | Overview
→ NFT Strategy flywheel 🤝 GLHF Auctioneer flywheel
100% of the auction funds will be used to buy & burn $GLHFSTR, $PNKSTR and @GLHFers NFTs
Here is everything you need to know about $GLHFSTR 🧵
$GLHFSTR by TokenWorks is now live.
this is the first & only strategy token with an NFT collection @GLHFers that has its own deflationary flywheel via auctions & live gaming ecosystem with 10000+ daily players.
auctions to receive $GLHFSTR fees are now live too.
details 🧵
if you play games and love crypto but don't own a @GLHFers yet then I invite you to change that, expeditiously.
they are calling it THE crypto gaming PFP.
Everything you need to know about GLHFers and PunkStrategy, what GLHFers proposed, and why it strengthens the entire PunkStrategy and GLHFers ecosystem!
On behalf of @GLHFers community who were early to & are big believers in @token_works / $pnkstr ecosystem,
I'm sharing what we proposed to @Rhynotic:
No other collection is geared to do this, I think it'll make GLHFers the top volume & most interesting str:
Context
➜ GLHFers NFT collection is unique in that the final 100+ NFTs in our collection are yet to be minted.
➜ These final NFTs are in fact 1/1 characters, which when minted, get added to the GLHFers collection.
➜ They aren't just 1/1s, they are *special characters*, and come with interesting (flywheel-driven) abilities or mechanics.
➜ They are minted via nouns-style 24-hour auctions. We've already run 30 auctions successfully, with bids being made by some of the largest '.eth' NFT collectors around.
➜ Our last 10 auctions settled for ~120E in total.
➜ We control the auction mechanics: from starting bid amount, to bid increment, to duration, and so on. This allows us to introduce variety / 'change things up' whenever needed.
OK so, what did we propose?
1. If GLHF is one of the final strategy launches, we'll have 1/1 auctions ready to go on the same day of the strategy token launch.
(I've already seen the art for these and they're all bangers)
2. Our auctions will be designed to supercharge the pnkstr flywheel. How?
➜ 10% of settled auction funds will buy & burn $pnkstr.
➜ 45% of settled auction funds will buy & burn GLHFstr.
➜ 45% of settled auction funds will buy & burn the floor of the GLHFers collection.
* we may alter the balance of this ratio as necessary / if it enables extra shenanigans.
** could be fun to allow the ratio to be set dynamically via gameplay mechanics in our game gigaverse, or based on respective volumes.
3. Needless to say, our token buys & burns will be routed through the official fee-paying pools.
4. On top of this, we'll use royalties earned on the GLHFers collection, throughout the period of auctions, to buy & burn the floor of the collection aswell.
5. Lastly, as game-builders, I think we're in a unique position to add further layers of gamification / flywheels on top of the flywheels, through or adjacent to gigaverse. Can come back to this though because items 1 - 4 will already be an incredibly powerful way to start things off.
If you think this sounds cool and want to support the @GLHFers' community bid (as i am) to be one of the final listed strategy coins before open auctions, then we appreciate your support on the timeline.
a north star vision for NFTStrategy and $PNKSTR
tl;dr - every project needs a strategy. @token_works is building that foundation
audits - audits are wrapping up, performed by @0xleastwood. there were no critical findings, but minor fixes and improvements have been applied to new deployments. we’ll publish notes soon and move to deploy new strategies imminently, that will inherit the patched templates by default. safety > speed, always.
scheduled projects - starting monday, we’ll ship each of the next five strategies, once every 24 hours, to ensure every community has the spotlight to kick off their strategy.
opening the platform - as soon as the next five strategies have launched, there will be five more strategies launching before the platform opens to the market.
once these have launched, we'll be immediately moving into an auction-based approach for all new strategies on ethereum.
daily auctions will run every 24 hours for new strategy tickers on the platform (ending in STR), along with immediate deployment onto the platform for the following day. mechanics will be purely market-based and procedural, and final details will be announced over the next week. ETH generated from the sale of each ticker / platform slot will be used to market purchase $PNKSTR and burn supply (80% of ETH generated) and distributed to the TokenWorks team for ongoing operation (20% of ETH generated).
we believe this is the best way to onboard new strategies while deepening $PNKSTR's role in the platform, and allowing new strategies to breathe. we can and will revisit the timing / sequencing of new strategies with new information.
new types of projects - we're grateful for an incredible list of new partners that have reached out about launching strategies with new use cases. some of these include launching NFT projects in tandem with strategies, ERC20 based strategies, and a number of different strategy projects on other chains.
every project should have a strategy, and are working hard to bring this to life.
as always, $PNKSTR will remain the ecosystem's north star asset.
we're also looking to expand our team with the addition of an operations manager. if this is you, or you think you can add value to our team in other ways, please send a resume to [email protected]
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 🧵