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Used jpeg dealer \ Solidity dev & auditing \ VP Blockchain @yugalabs \ Founder @oSnipeNFT
가입 June 2014
3.7K 팔로잉 중    109.3K 팬
Punk is down to 18 eth and continues to drop by 2 eth/day. This is a pretty sweet mechanism for increasing RTP without changing any protocol settings, while at the same time adding a marketing beat for $fwa. Spins become more attractive the lower the punk goes. Protocol fees + backing reductions go towards buying more punks to run the same playbook, making spins even more attractive and so on. I expect somebody is going home with a punk from FWA in the next week or so.
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I don't know if this is fully understood yet or if everyone is aware of it but every 12 hours the backing of the Punks purchased this way gets lowered by 1 Eth, all the way down to 1 Eth, and lower backing means higher odds of getting pulled on FWA. So if nobody hits the Punk early, it progressively becomes easier and easier to pull until you eventually have a Punk sitting in the FWA machine with just 1 Eth of backing and that's probably one of the cheapest ways to ever have a real shot at acquiring a Punk. The first Punk is already in and is now sitting at 20 Eth of backing after 8 days
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