8745 retweeted
Why $PNKSTR will eventually reach $1, $5, $10 and beyond in a single image.
For clarity, when a floor punk is bought, it is automatically relisted at 1.2x the amount of ETH it was initially purchased for. 100% automated and code driven. On-chain, forever.
One must then consider the eventual successes of other strategy tokens such as $APESTR $VIBESTR and $CHMPSTR, which will automatically burn $PNKSTR via 1% of their ongoing token trading volumes.
With an investor hat on, the RR for this level of innovation, with such a small market cap, is beyond ridiculous.
The most asymmetric play in existence today.
8745 retweeted
PNKSTR's current market cap is only $18m
Just 10,130 holders
Liquidity is expanding
When alts run and NFTs recover this could be one of the fastest moving charts in crypto
New strategy tokens are being added all of which support PNKSTR
I've doubled my PNKSTR holdings over the last week
NFA DYOR HNY etc.
8745 retweeted
Recursive strategies are the final evolutionary step for Memecoins, and through them the Tokenworks platform (when launched) will directly compete with Pumpfun
Here are my thoughts on why Tokenworks > Pumpfun for memecoins
> When launching a coin on Pump the dev/cto lead gets to decide what happens with creator fees, the best case is those fees are used for buybacks and those tokens get burned, when you launch with tokenworks that happens automatically, the dev/cto lead cannot hold those fees hostage
> Even more interesting is the fact that a portion of all volume for all tokenworks coins goes towards buying back and burning PNKSTR - Pumpfun buys back PUMP periodically but it's unclear what happens to those coins as they don't get burned
> The most annoying part about launching on Pumpfun is if your coin runs it will just get vamped by one of the cabals. With Tokenworks that's much harder cause there is a small fee (which also goes towards buying and burning PNKSTR) and a decreasing tax mechanism that makes sniping/bundling near impossible
> If you want exposure to the volume on Pumpfun, that's too bad cause you can't get it through PUMP, but PNKSTR is at the center of everything Tokenworks does, so you can easily get exposure to the entire ecosystem
> With Tokenworks, all the strategy token communities support each other, with Pumpfun it's a race to zero while each newly launch coin fuds the next, it's an everyone for themselves cagematch that only really the Pumpfun company and SOL stakers benefit from
> Tokenworks also benefits from the massive liquidity on Ethereum while Pumpfun traders have mostly lost everything due to the trenches extractive environment, it makes sense to make the switch now
May the best platform win
