$NSTRAT Launch Recap:
Following the strong launch of NSTRAT, our focus remains on building fast, scaling the protocol and compounding treasury value.
We’re already 5/10 on our first Brass Button goal with buyback/burn cycles and Merkl rewards queuing up next.
Launch summary below:
5 Brass Button Pressers are now in the PON Vault
Current Combined Treasury Value: $14,384
Brass pressers and others NFTs will be rentable assets in the upcoming NetCorp MMO. NFT rentals will generate sustainable revenue to the protocol.
NetStrat continues to build its treasury of NetNet NFTs and sNET
Treasury sNET: 4.76
The sNET is providing $15k+ in annualized notional USD yield to fund $NSTRAT buyback and burn (half of sNET yield)
View the treasury dashboard at: https://t.co/esBOqdYdv1
Holders, the NetStrat treasury has grown to $11,285+ so far
This is only the start.
4 sNET is in the treasury, providing yield to buyback and burn $NSTRAT
$NSTRAT trading fees will continue to be used to purchase more NetNet NFTs and sNET
Stay tuned.
NetStrat has purchased:
4 sNET for $3000 total (yield backs NSTRAT)
PON Vault -
4 Brass Buttons for $4901 total
10 Steel Buttons for $690
1x The Quiet Car for $1700
+ Additional Gear totaling $1180
Total PON Vault Value: ~$8500
The treasury dashboard can be viewed at: https://t.co/2QLVwWZWeF
Fees are collected. $12k in ETH will be used to purchase NetNet NFTs and sNET for the treasury.
4x Brass Buttons have been purchased:
Address: 0x6cf285afb38d1a6192e94dfe5ccfbd0fec082849
Multi-sig: 0x4D38dd51D9ae5a5d54a599BC6dd9c3c5C5F71462
More will be purchased
The 4.2 ETH in fees will soon be collected and used to purchase 2 Brass Button Pressers and sNET for the protocol treasury.
Thanks for being a holder of $NSTRAT
Following the launch of $NSTRAT the team targeted the purchase of a significant portion of the supply.
In the end, the dev team was only able to purchase ~20m tokens or (2% of total, 17.4m vested).
The airdrop will be smaller than expected:
2,173,951 $NSTRAT for eligible wallets
$NSTRAT has collected 4.2+ ETH in fees that will soon be used to purchase Brass Button Pressers for the Treasury. sNET will also be purchase to back $NSTRAT
17.4m $NSTRAT has been vested for 3 months:
https://t.co/UL8Hwgghpm
https://t.co/4HG9gMjC1N
$NSTRAT goes live in 60 minutes at 5:30 PM EDT (9:30 PM UTC). The token contract address will be posted here first, verify CA before submitting any tx.
Official links: https://t.co/esBOqdYdv1 | https://t.co/KqyHXK8sEm
Launchpad: https://t.co/9qQprqnbPc
We are prioritizing alignment with the NetNet community from launch:
Dev launch supply is getting burned at block zero.
Dev curve buys will be locked on Sablier with TX proof.
DexScreener goes live at launch.
Free $NSTRAT claims unlock a few hours post-TGE.
sNET Treasury yield backing goes live immediately.
Every trade fuels the protocol vault: 3% fee (75% floor sweeps on Button Pressers + NetNet Gear, 25% direct into sNET).
More soon.