rekt.caesar {🧔,✒️}
4.3K posts

rekt.caesar {🧔,✒️}
@rektcaesar
Tweets on web3, memes & personal growth. Exploring @AbstractChain ✳️






@Yq1119apzzQun @AustinFromFl @OGDfarmer What's happening is @token_works fucked around and discovered "supply and demand". Actually if the protocol list the NFTs at 1.5x or higher, there's room for floor to grow
















We setup a custom contract for Jack to handle his royalties. The ETH in his contract pools up, rebuys Checks BACK from the protocol, then sends him the Check.



I see there are some confusion about $checkstr is not buying any items, and also about new contract for @jackbutcher $checkstr has ~180ETH in treasury and 0 NFTS But it has also already sold 4 NFTs and burned 0.46% - 4.6M tokens How is this possible? Why is the contract not buying any NFTs? 1. Buying the floor So, new mechanics are slowly buying the floor, not all at once. That is the first tweak. Flippers hate it and they are trying to compete before the contract buys the item, so we have a much lower floor. That gives us better entries and also reserves in the Fees accumulated. Great feature. 2. Jacks Contracts changes. All fees that go to Jack's wallet are automatically sent from his wallet to buy the item held in $checkstr treasury. Since buys are happening slowly, as soon as the new item shows in $checksters inventory, Jack's bot automatically buys it, and the burn of the token starts. So, as long as Jack has more ETH collected in fees than the first listed NFT, we will see only Sold items, and 0 in holding. Good tech! Now already 5 sold :))



CheckStrategy won't begin buying until the Buy Limit is higher than the floor price The limit goes up 0.01eth every block, which is 12 seconds on average per block Depending on the floor price, this will take 10 to 12 minutes




