// HUGOS 🐸

apeball.fun apeball coin is live now the game opens for draws once the first ape and initial shapes nfts are acquired and minted

apeball a coin that buys bored apes with its trading fees an onchain game where anyone can purchase randomized nfts from a pool containing those apes i've been watching token strategies since they launched and it's been v interesting to see how speculation is used to fund the accumulation of assets but once assets are acquired, many of those strategies stall out because they require demand for the target collection to rise and buy the nfts that were listed at a markup i've been curious about what happens if you keep the asset accumulation mechanism but give those assets a different way to circulate enter: FWA custom pools with apeball, trading fees fund a live eth bid for bored apes, and every acquired ape goes into the pool rather than waiting for someone to purchase an entire ape at a markup, the pool distributes nfts through much smaller randomized purchases the rest of the pool is filled with shapes (eth-backed nfts), which are minted on demand at different denominations, giving people a range of possible outcomes and keeping the draw price around 0.02 eth as people play apeball, each ape's notional listing value gradually decays, increasing the odds that they get drawn the pool generates revenue from each draw and all pool profits go toward accumulating APEBALL for buy and burns and additional ape acquisitions when needed the buyback portion accumulates in a reserve until someone pulls an ape, at which point it's released to buy and burn the coin so trading activity acquires the apes, the game provides a way to distribute them through smaller purchases, and the revenue from that activity feeds back into the coin some details on the coin: - 1 billion fixed supply - no team allocation, presale, or emissions - normal trading fees are 5% on buys and sells - launch fee starts at 69% in both directions and decrease by 1 percentage point per minute until reaching 5% - 99% of trading fees go to the ape pool, 1% goes to buy and burn LAYER i earn from the mint fees on shapes, while the trading fees and game revenue remain in the protocol to fund acquisitions and buybacks feels like we're just scratching the surface of how these different onchain mechanisms can work together, and i'm excited to see how this one plays out deploying soon

LIQUIDITY LAYER BURN EVENT 🔥 364,711 LAYER burned 🔥 Bought 291,092 LAYER with 0.0179 ETH and burned it Total supply: 490,199,871 (-50.9%) artcoins.art/0xb7287e4A5b605…