
When NFTs rebound, the Token Works
AVAX Strategies
136 posts

@AVAXStrategies
Creating innovative token strategies utilizing DeFi and NFT yields to buyback and burn.

When NFTs rebound, the Token Works


NFTs are starting to make a comeback. The top ETH collections are up near or above 100% in the last 30 days, and bottom buyers of $APESTR and $PNKSTR are feasting because the protocol's NFTs are getting sold resulting in massive buybacks and burns. If you're not familiar with how these tokens work, there's a 10% buy/sell tax that gets put into a pool. When that pool gets large enough, it will buy the cheapest floor NFT and list it for 20% higher than it was purchased for. When that NFT gets sold, all of the proceeds go toward buying/burning the correlated token. This design is currently on AVAX under the ticker $SALSTR brought to us by @AVAXStrategies / @PolyPup @AVAXStrategies / $SALSTR has been quietly accumulating over 2% of the @salvor_io NFT collection and currently has a sub 25k marketcap. If Salvor NFTs do a 2x, there is over 300 AVAX that will go into buying and burning a 25K marketcap token. It holds over 1,000 AVAX of NFTs in total. @AVAXStrategies quietly purchased another 17 Salvor NFTs yesterday and it's only a matter of time before the token price reflects the rocket fuel potential that is its treasury of held Salvors waiting to sell. The bottom is probably in for NFTs which means the bottom is probably in for the only NFT flywheel project on AVAX. $SALSTR. I think a 10x is very very reasonable from these levels once the flywheel gets kickstarted by purchases of it's held Salvor NFTs. Higher.








