Introducing 999 Wheel: A permissionless protocol for ENS 999 digits collection.
When: - November 13th at 12:00PM EST
How it works: - Fees pool up from trading the token, then buy a 999 from the open market, renew it for a full year and relist at 1.2x - When the ENS 999 sells, the ETH is used to buy and burn 999WHL token. – Which creates a Flywheel.
Fee Breakdown: - 999WHL will have a 10% fee, with 8% going to the 999 contract to accumulate and buy 999 off the floor and 2% to the enswheel team.
Buy Backs (TWAP): - 90% will go towards buying back and burning $999WHL and an additional 10% will be airdropped back to 10KWHL holders who held at least 1M $10KWHL.
Soft Staking: - We will be taking a snapshot on Wednesday November 12th at 12:00PM EST (NY). To prevent sybils, we will only include wallets that were purchased directly from the liquidity pools. Transferred tokens will be removed from the list. We will regularly take snapshots of approved wallets and if a wallet balance goes under 1M, it will be removed from the list. So yes, over time, it will be a depreciating list. Long term holders will be rewarded.
Fair Launch: - All of the tokens added to the initial LP. To deter snipers, buy fees will start at *95%* and decrease by 1% each minute, eventually settling at 10%.
In digits we trust.
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