Welcome to
The Perpetual Punk Machine
An automated protocol designed to get exposure to CryptoPunks, forever.
We called it,
The Yoyo™
A simple mechanism for buying and selling Punks while burning token supply, forever.
1st
10% of each trade of $PNKSTR is taken as a fee and stored in the protocol (minus 2% rake)
2nd
When there's enough fees in the pool, the machine buys a floor punk
3rd
The punk automatically gets listed for 2x the price
4th
When the punk is sold, all of the ETH buys and burns $PNKSTR
The mission:
Buy and Sell Punks
So far, the machine has bought and sold these punks:
Protocol Fees
Total fees collected: 0.0Ξ
Fees on trades are used to power the accumulating machine, with 80% going to the protocol and 20% going to the team. There is a minimum 10% fee on trades. Before the first punk is bought, the fee to sell is set to 50% to incentivize long-term holders. After a punk is sold, the fee to sell is set to 90% and decreases by 10% each block to avoid MEV. All ETH from Punk sales is used to buy the token and burn it, moving the ETH back into the LP.