![Punk #859](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24"><rect fill-opacity="0"/></svg>)
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 1.2x 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:
56.992 ETH
57.876 ETH
55.549 ETH
55.800 ETH
58.517 ETH
58.068 ETH
54.248 ETH
57.590 ETH
58.443 ETH
53.970 ETH
56.830 ETH
57.720 ETH
57.284 ETH
54.764 ETH
57.727 ETH
55.301 ETH
62.237 ETH
58.281 ETH
58.686 ETH
58.222 ETH
55.747 ETH
53.766 ETH
Protocol
Fees
Market Cap: $268,248,876
$PNKSTR: $0.268249
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. All ETH from Punk sales is used to buy the token and burn it, moving the ETH back into the LP.