what's MeebitStrategy?
MeebitStrategy is a specialized NFT strategy token designed to enhance liquidity and value accrual for the Meebits NFT collection, a set of 20,000 unique 3D voxel characters originally created by Larva Labs. It operates within the broader NFTStrategy protocol by TokenWorks, which generalizes the flywheel mechanics pioneered by PunkStrategy for CryptoPunks. The system creates a self-sustaining loop where trading the strategy token generates fees that fund the automated purchase of underpriced Meebits NFTs from the floor, followed by relisting at a markup. Proceeds from sales are then used to buy back and burn the strategy token, reducing supply and potentially increasing its value over time. The protocol allocates a portion of trade fees—typically 10%—with 8% directed to an ETH pool for NFT acquisitions once it reaches the floor price threshold. An additional 1% supports royalties to the original Meebits creators, and another 1% aids in further token burns. This mechanism not only supports floor price stability for Meebits holders but also incentivizes token trading by tying it directly to real NFT market activity. Listings and trades occur on platforms like OpenSea, integrating seamlessly with Ethereum-based NFT marketplaces. As part of TokenWorks' expanding ecosystem, MeebitStrategy exemplifies how DeFi principles can be applied to NFTs, turning static collections into dynamic, yield-generating assets. It benefits both token holders through burns and NFT owners via increased demand and liquidity, fostering a symbiotic relationship between the token and the underlying collection.
MeebitStrategy partnered with OpenSea, The Hundreds, Art Basel, and integrated with PlayerZero, DashBo.
contract
ethereum
Partnered with Art Basel Shop.
$MEEGSTR token goes live via @token_works on Spaace platform. (Tweet ID: 1996323853640093994)
Physical Viz toys ship next week with claiming required through Meebits account pinned post, while Viz avatars are set to land soon.
Physical $MEEBSTR shirts are ready and will be shipped this week to holders who minted them.
Weebits collaboration with SEREZHA GALKIN launches November 6 with presale for Meebits and $MEEBSTR holders at 5pm GMT (80 pieces, 0.025 ETH each) and public sale at 6pm GMT (20 pieces at 0.025 ETH each).
Pins Series 1 Finale mint occurs October 31st with 225 units at 50 ApeCoin, with holder-only access from 6am-10am EST and public sale starting 10am EST.
Physical Camogen prints will be mailed to participants next week following the generation event.
Camogen is now live and runs until Friday 10/24 at 11am EST, with holders able to claim 1 print per Meebit and 1 per wallet holding 500k+ MEEBSTR.
A token holder criticizes the token_works model for fundamental flaws: 87.8% of volume avoids taxes through alt pools breaking the core mechanism, the 20% above floor relisting strategy fails in sideways or down markets, and early exploits have damaged confidence in the system.
Camogen online access rescheduled to Oct 21-22 (from Oct 20-21), with participation requiring either a Meebit NFT or 500k+ $MEEBSTR tokens, charging $30 per generation with net proceeds directed to Casa Bethel orphanage in Matamoros, MX.
MeebCo launches Camogen, a Larva Labs-coded generative print experience, with IRL access Oct 18 at Art Blocks Gallery and online holder-exclusive events Oct 20/21.
MEEBSTR increases 30% to reach $5.5M market cap.
The protocol has generated 5.28 ETH in trading profits while continuing to hold accumulated NFTs rather than liquidating them into bids.
Token burns have accelerated with over 5% of total supply now burnt, nearly doubling from the previously reported 2.61%.
The treasury now holds 56 Meebits, more than doubling from approximately 25 previously held, while maintaining price stability over the past 2 days.
A trader invested $100K across four tokens including $MEEBSTR, indicating whale activity in the token.
The token experienced a significant price surge within the last 4 hours, with promotional claims suggesting returns exceeding the original Meebits NFT project's 4-year performance, potentially indicating high volatility or pump activity.
The token reached a $4.4M market cap milestone, up 22x from $199K four days prior, amid widespread influencer FUD claiming scam and liquidity issues.
MEEBSTR has flipped competitor APESTR, driven by massive ecosystem support from Sergito.
Token shows +45.00% price gain in recent trading session.
2.61% of total supply has been burnt through buybacks on day 2 of operations.
The token is surging to new all-time highs while rapidly accumulating 22 Meebs with treasury growing quickly as the leading Strategy protocol.
Token has launched with contract address provided and is now tradeable on Uniswap, though the official website is experiencing downtime.