TokenWorks™
@token_works
A playground for onchain financialized ideas. Latest project:
2 Following 33.1K Followers
Thank you all for participating in the initial launch period of Fake World Assets.
We believe that preventing external buys created a healthier protocol, as only participants were able to acquire the token as it matured.
Now that the token has distributed to participants over two weeks, external buys will be enabled on August 4th at 3pm EST.
In addition, we'll be routing 50% of future protocol fees that previously were going to TokenWorks to the buyback mechanism as stated in the docs.
The tokens from buybacks will be distributed in three ways: 70% to purchasers, 10% to depositors, and 20% burned. We believe this will help bring the protocol into a sustainable, long-term equilibrium.
We'll also lower the additional fee on top of each purchase from 5% to 2.5% and increase the depositor bid from 85% to 90%.
From 9am to 12pm EST on Tuesday we'll be disabling purchases to allow depositors to withdraw across time zones ahead of these changes.
All of these percentages will be continued to be tweaked as necessary for the health of the protocol.
Thank you for helping us make Ethereum fun again.
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Another day having fun on Ethereum.
We've added even more collections to FWA:
Pudgy Rods
Lil Pudgys
Squiggles / Day One AB
Drip Drop by Dave Krugman
Right Click Share by XCOPY
Ethos Validators
0xmons
Grifters / Async Blueprints
Some people have complained that the delay in being able to withdraw NFTs wasn't clear and frustrating.
From 9pm-9:30pm EST, we'll be pausing purchases to allow anyone to withdraw with ease. We've also added a confirmation modal to ensure the risks are understood.
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The largest NFT position earns 5% of each purchase
Punk #7853# has held the spot for almost a full day and earned 15.5Ξ so far
Less than 24 hours after launch and there have been 5,000 purchases from FWA.
300+ NFTs are currently in the pool backed by 220Ξ, including 4 Punks.
Fake World Assets.
3,000 NFTs have been purchased from Fake World Assets on the first day.
There are currently 400 NFTs in the pool, backed by 140Ξ
unlike most tokens, you CANNOT buy the FWA token for the first two weeks of the protocol.
tokens are given to those who participate by purchasing or depositing NFTs.
sell at anytime. after two weeks of fair distribution, external buys are enabled.
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After mechanism rewrites, frontend improvements, and an extensive contract audit, Fake World Assets is back.
NFTs can be deposited now, with purchases (and token emissions) starting back up on Monday.
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Everyone keeps focusing on Real World Assets, TCGs, etc.
Only one of us is focused on Fake World Assets.
Purchases from the FWA protocol go live tomorrow at 12pm EST on Ethereum
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A fully onchain and permissionless ecosystem
with a fun UI on top.
PunkStrategy has purchased Punk #3774# for 32.28Ξ
PunkStrategy is currently holding 40 CryptoPunks bought for a total of 1792Ξ
Two Strategy punks have been sold by the protocol for 65.7 ETH
From all sales, 7.34% of PNKSTR has now been burned.
PunkStrategy currently holds the two cheapest CryptoPunks.
Apparently there’s only Ten Thousand Tokens
Ten Thousand Tokens is now fully minted out.
Token deployments will open early next week and the NFTs are now available for trading on OpenSea.
5000/10000 NFTs have been created so far, each with their accompanying ERC20 token.
Post yours below.
Public minting opens in 30 minutes.
There is a 3 per wallet limit. If gas is high, the TX fee will be quite high as each mint is creating a new ERC20 token so best to wait for low transaction activity.
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