SnarkStrategy is live.
$SNARKSTR is a Solana token paired with $ZEC on @Pumpfun. Every trade pays a 3% fee in ZEC to the treasury. The treasury buys @zksnarks_ on @zilkroad_ and relists them. When they sell, the ZEC buys and burns SNARKSTR.
CA: ZVMihT6DKXWKRGX54VGvnYv4ndES8XtneUUYMCLpump
Treasury, holdings and every transaction: https://t.co/0VvMtTQ0zz
So apparently there's a memecoin on Solana that's priced in ZEC instead of SOL, and apparently a cut of every trade, paid in ZEC, gets sent off Solana into shielded Zcash. Well it turns out that shielded ZEC goes to buying Zcash NFTs, and whenever one sells, the ZEC crosses back to Solana and buys and burns the memecoin.
https://t.co/0VvMtTQ0zz
So apparently an app on Solana has been giving people tokens backed by ZEC, and apparently there are tens of thousands of people who chose to receive this reward. Well now there's a whole HOWTO for those folks, thanks to bentertainer and ZecHub: https://t.co/XP31Z3g5xs
The solana:ZVMihT6DKXWKRGX54VGvnYv4ndES8XtneUUYMCLpump now owns 20 @zksnarks_
When those NFTs are purchased that money will be used to buyback the chart and then burn it
That is over 20k waiting to buy back into the chart
Imagine if a whale sweeps the floor…THINK BIGGER
20 zkSNARKs held by the treasury.
21 of the 154 Zilkroad sales since our first purchase two days ago were us. 14% of the market.
14.84 ZEC spent. every piece relisted at 1.2x. 3.95M $SNARKSTR burned.
Kinda crazy that buying 10 zkSNARKs at like 0.7 ZEC each today and logging off might be how you end up with 100 ZEC
…and $ZEC to $10K is programmed.
Early.
zkSNARKS presents ZECATHON — a $ZEC privacy hackathon.
The goal is simple: put real resources behind people building useful technology on Zcash. Bring new builders in, support the ones already here, and help turn strong ideas into products people can actually use.
$100K prize pool. Submissions are open for the next 30 days.
https://t.co/qKPaKmHRxU 👇
zkSNARKs #4, #5 and #6 acquired.
#2635 at 0.699 ZEC. #495 at 0.739. #1028 at 0.739.
Test buy/burn also done: treasury ZEC bought 1,130,787 SNARKSTR and destroyed it.
@zksnarks_@zilkroad_
zkSNARK #2 acquired.
SnarkStrategy bought zkSNARKs #974 for 0.75 ZEC and listed it at 0.90 ZEC.
How it works:
Every SNARKSTR trade pays a 3% fee in ZEC to the treasury.
The treasury buys the cheapest zkSNARK on Zilkroad and lists it at 1.2x.
When it sells, the ZEC buys SNARKSTR and burns it.
Repeat.
https://t.co/0VvMtTQ0zz
First @zksnarks_ acquired.
zkSNARK #5271 bought on @zilkroad_ for 0.78 ZEC, paid entirely from $SNARKSTR trading fees, 11 hours after launch.
It will be relisted at a premium. When it sells, the ZEC buys and burns SNARKSTR.
Treasury, holdings and every transaction: https://t.co/0VvMtTQ0zz