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Adam
@Rhynotic
Joined May 2016
3.3K Following    27.2K Followers
I’m proud to announce that we’ve donated ownership of the PunkStrategy contract to the NODE Foundation. I view the contracts we create at TokenWorks as art. NODE is already the home of the CryptoPunks IP, and I think they’re the right people to carry this idea forward. Being able to donate PunkStrategy to them means a lot to me. With this transfer, TokenWorks’ share of trading fees will now go to NODE, giving them a new revenue stream to support artists, exhibitions, and more. We think this is the best home for the project. PunkStrategy runs autonomously and is designed to keep running for as long as Ethereum does. At the time of writing, the contract holds 37 Punks, which remain governed by its rules. The owner can only do three things: * Set the trading fee on the hook between 1% and 10% * Set the relisting multiplier for newly purchased Punks between 1.1x and 10x * Claim the owner’s share of trading fees. We’ll continue tweeting about PunkStrategy’s buys and sells and supporting the project. Both TokenWorks and I personally remain significant holders of PNKSTR. The Token Works
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