what's ToadzStrategy?
ToadzStrategy is an automated cryptocurrency token designed as a strategy asset within the TokenWorks ecosystem, focusing on the acquisition and management of Toadz NFTs. It operates by allocating trading fees generated from token transactions to purchase Toadz NFTs on the open market, thereby building a treasury of these digital collectibles over time. This mechanism incentivizes holding by creating a self-reinforcing loop where increased trading volume supports NFT accumulation, potentially enhancing the token's value through exposure to the underlying NFT collection's performance. The project leverages blockchain smart contracts to execute buys without failed transaction fees, ensuring efficient capital deployment. Holders benefit from the strategy's passive exposure to the Toadz NFT floor price dynamics, with transparency provided through on-chain treasury tracking. As part of a broader suite of strategy tokens, ToadzStrategy exemplifies the trend of tokenized investment vehicles in the NFT space, allowing users to participate in curated asset management without direct intervention.
$TOADSTR trade fees buyback and burn "aesthetic misfit toadz" NFTs.
contract
ethereum
Creator fees from $TOADSTR trades will buyback and burn "aesthetic misfit toadz" NFTs from the collection.
Market cap stands at $2.8M.
Platform introduces Ember Chest feature allowing users to open simulated chests for NFT and token rewards, built by @swishi_eth.
Treasury now holds 176 NFTs (up from 140 previously reported), and 3.53% of token supply has been burned with current market cap at $4.81M.
Price surges 81% in 24 hours, classified as high momentum memecoin but has tiny cap and thin liquidity.
Project treasury owns 140 out of 7k supply of a collection, positioning it as the second largest holder.