BudzStrategy
BudzStrategy is a strategy which raises funds by minting and trading of a strategy NFT (BudzStrategy NFT) and allocates those funds into (1) acquiring and reselling SpaceBudz at a higher price, and (2) using these sales to buy and burn the strategy NFT and $BUDZ token. This results in a dynamic ecosystem that supports the broader community.
Total $BUDZ Tokens Burned: 6,545,929
Holdings
$BudzStrategy is currently holding 8 NFTsSales
$BudzStrategy completed 13 sales for 6173 ADA revenue+932 ADA profitSpaceBudz Strategy Details
The NFT collection is used to raise initial funds to kick off the strategy and maintain momentum over time via trading fees.
Mint begins at 100 ADA per NFT, and then reduces by 25 ADA every hour, reaching a floor mint cost of 10 ADA
$BudzStrategy Cardano handle is used to hold ADA and SpaceBudz, acting as the strategy treasury. The purpose of purchasing SpaceBudz NFTs and relisting them is (1) to bring volume to the NFT ecosystem, (2) profit by selling higher, and (3) use sales fees to reduce supply of BudzStrategy NFTs.
BudzStrategy NFT collection behaves as the speculative asset for the entire strategy. Successful movement of SpaceBudz NFTs through the strategy directly benefits the BudzStrategy collection as all sale funds are used to purchase and burn BudzStrategy NFTs (reducing available supply over time).
To-be-built: Raffle a SpaceBud NFT every N SpaceBud purchased to current holders of BudzStrategy NFT
$BUDZ token is the SpaceBudz community token that is being used for a variety of community-founded projects.
To-be-built: Integration with BudzStrategy NFTs (direct swaps), pending review of economic mechanics
To-be-built: Access to Ships gamification for your SpaceBudz (details for this are under development)