👁️PXP404 TOKENOMICS
Overview of PXP404 Tokenomics:
Last updated
Overview of PXP404 Tokenomics:
Last updated
Tokenomics Overview: PXP404 implements a robust tokenomics model. With a total supply of 30,000 Tokens, each associated with unique artwork by El Capo de Guano hosted on IPFS, PXP404 ensures rarity, DEFI utility, and authenticity through its minting process.
Token Distribution: PXP404 allocates its token distribution as follows:
25% Airdropped: Eligible recipients can participate in the PXP404 Airdrop program.
25% Staking Rewards: Token holders earn rewards for staking their PXP404 NFTs.
20% Locked Liquidity: Ensures stable liquidity for the PXP404 ecosystem.
20% Treasury: Reserved for future development and community initiatives.
10% Team: Allocated to incentivize the development team and support ongoing operations.
Utility in PXP Yield Farm: Breeds play a pivotal role in the upcoming PXP Yield Farm, where token holders stake NFTs based on breed type to earn additional rewards and boost overall yield. This strategic integration enhances engagement and value, positioning PXP404 as a premier choice for collectors and investors in the NFT and DeFi spaces.
Burning Mechanism: The contract facilitates token burning, removing tokens from circulation to manage supply dynamics effectively. When tokens are burned, their IDs are recycled for future use. This process maintains the integrity of associated artwork and metadata, ensuring recycled IDs are matched with new, unique assets, preserving the rarity of the entire collection.
Supply and Minting: During minting, each PXP404 token receives a distinct image and metadata, including its "breed" classification, ensuring no duplication of assets. This fixed association guarantees authenticity and uniqueness and enhances the token's collectibility and value.
Technical Specifications:
Built on the ERC-404 standard, ensuring each token is uniquely associated with an immutable image hosted on IPFS.
Transparent and immutable metadata linkage via token URI provides verifiable provenance and authenticity for each digital asset.
Game Theory Integration: Each breed offers unique advantages; for instance, Warriors, the rarest NFTs, will hold significant utility in the PXP Yield Farm, potentially commanding higher market values as more are staked, leading to supply shock.
Owning diverse breeds or a "whole set" of NFT maximizes higher yield potential and fosters active trading among token holders, as the holder will not know which next breed will be boosting the yields. Through breed-based staking, PXP404 incentivizes strategic decision-making, empowering participants in an ecosystem that rewards foresight, defining PXP404 as a leader in NFTs and decentralized finance (DeFi).
