#What is Project StreetPunks
StreetPunks was born in late October 2021, created by an enthusiastic group of individuals brought together by their passion of CryptoPunks. Project StreetPunks strives to be a decentralized community orientated token which supports our NFT collections.
The tokens and NFTs are created on the BSC (Binance Smart Chain). Holding a StreetPunks NFT is your gateway to a ton of utilities, including StreetPunks airdrops, staking bonuses and a revenue share from the NFT sales. Moreover, StreetPunks aims to integrate its NFTs into the Metaverse with the purpose to expand holder privileges into the virtual world.
The buyback function of the StreetPunks smart contract exchanges liquidity from the reserve liquidity pool for $PUNKS tokens in the main liquidity pool. These tokens are automatically sent to the burn wallet. This adds value to the liquidity pool of the $PUNKS token, and permanently reduces supply. The StreetPunks contract is coded to collect 15% in fees from all transactions (buys, sells and transfers):
• 5% for strategic automatic buyback.
• 10% contribution to project sustainability: enhancements, development and marketing.
The buyback is only deployed strategically at specific moments to allow StreetPunks to maintain a stable price floor during downward market trends, chart manipulation, and whale dumps, securing the long-term success of the project.
There will be a total of 1000 unique full body StreetPunks, all of which will differ in street wear, special costumes and accessories. The NFTs are divided into the following categories:
Legendary 1-10 (Top 10 Punks special theme)
Epic 11-50 (Top 50 Punks Special accessories)
Rare 51-150 (Random Punk with accessories)
Common 151-1000 (Random Punk full body outfit)
Starting with category “Legendary”, they are custom designed StreetPunks (NFTs) styled based on (popular) themes with accessories. The Legendary StreetPunks are reserved for the top 10 PUNKS token holders which will receive their NFTs at the second stage of the road map (NFT launch). The Epic category consists of Custom designed StreetPunks with original styles plus accessories. In addition, the heads used for the designs of categories Legendary, Epic and Rare consist of the top 150 CryptoPunks (price wise). As for category “Common”, it will be based on random CryptoPunks styled without accessories.