We've updated the fee accumulation target for $STRMOG to 1ETH as the community voted for a few weeks ago. We waited for the previous position to be opened before doing so. We continue to monitor the markets and devs are still around for when punks heat up next.
We had a big day today! We opened a new $STRMOG position. It will be fun to watch what happens when 3eth worth of $MOG is sold and used to buy/burn $STRMOG.
We just passed 100ETH lifetime spend on $PNKSTR as well opening up another position! For over 2 months now we have been accumulating $PNKSTR to buy and burn $STRPNK.
Another buy and burn of $STRPNK sending our MC into the 800k range. With the new @token_works platform launch today we expect to see some renewed interest in the Strategy Space. Burn baby burn 🔥🔥🔥
Even when the market is slow, we still keep churning positions. Another $PNKSTR position for the $STRPNK flywheel. Don't forget, we live on-chain forever.
-SP
We had an excellent weekend in the Strategy Universe. We burned a $STRPNK position brining our supply burned ~1%. We opened another position since then and are once again on burn watch.
$STRMOG is closing in on another position, at which point we lower the fee target to 1eth.
Burn initiated! Overnight we had our second ever burn of $STRPNK. We now have nearly 1% of total supply burnt. With $PNKSTR getting some volume again, the flywheel is heating up.
People still don't realize that we built $MOG its own flywheel. With $STRMOG whenever we open a new position, we instantly buy/burn $MOG as well as $STRPNK and $PNKSTR.
We never stop accumulating. We just opened a new $PNKSTR position making us the 65th largest holder. Not only that, but our new position is our lowest price target yet. Burn waiting room soon?
New lower fee targets for $STRPNK means more positions on the horizon. Don't forget, $STRMOG fees will be lowered too as soon as our in-progress position opens. Each day we keep accumulating fees to buy/burn our own tokens.