Deflationary mechanism of Mintosaurs

Staking is not the only mechanics that we are going to use in order to form the value of our NFT-collection and supply for it.

We are going to develop a mechanism of “burning” of the collection after minting.

How will it work?

An ecosystem of Tonometer services, that will be rapidly growing in the next months, generates a cash-flow. For now we take a payment for wallet verification (0.2 Toncoin) and for mailing in a bot (0.05 Toncoin). Tonometer collected more than 1200 Toncoin from November with these simple operations.

It is not a little amount bearing in mind that truly valuable and paid functionality will be emerging only in nearest future.

For example, we let our partners NFT-project Animal Red List use our bot for auctions. As a result of this iteration Tonometer earned 30 Toncoin for verifications. And here we do not consider paid utilisation of auctions’ functionality.

And then we will be talking not about thousands but dozens of thousand earned Toncoin.

15% of our earnings will be used for buying&burning of our collection. Then we will burn bought NFTs by sending it to zero-addresses.

We’ll fix the price of our previous pre-sale for the categories of our Mintosaurs. For example, for velociraptors it is actually 88 Toncoin and for Pterodactyls and Tyrannosaurs we will fix it as an average result of all auctions in a category.

We’ll be buying NFTs of our collection from secondary market exactly for this minimal price. Thus, we reach the following goals:

1. The “control of the bottom”. This mechanics will not allow the price to fall under the price of the last pre-sale. It will let us avoid panic sells after any negative news.

2. Adding of deflationary mechanics to our collection. All holder will know that the price either will not fall under defined value or the collection will reduce. Bearing in mind the fact that we will be forming a real demand with staking and opportunity to use our services for free. And for sure our marketing campaigns and integrations with our partners are worth remembering. It must make a sustainable growth of the collection’s value.

As of March 28, there were 1202 Toncoin in Tonometer wallet. 15% of this sum is 180 Toncoin. With considering the last pre-sale price of velociraptors (88 Toncoin) this sum will be enough to buy and burn 2 NFTs.

What are others who would like to sell a Mintosaur for minimal price expected to do? Wait.

Further we will develop a mechanism (by Telegram-bot) where you will be able to get in line for selling for this fixed price. Once in a period (for now in a quarter, then in a month) 15% of our revenue will be allocated for repurchase and burning. Those who got in line first, will be able to use this mechanism.

It will be impossible to just get in line. If you stay in queue, you will have to sell. It can be called a freeze of your NFT. We will begin in semi-manual mode and then transfer it to a smart-contract.

We do not know yet, how demanded will this repurchase be. Probably, it will not be used massively and a budget of repurchase will be growing, or the queue will be overcrowded. In any case deflationary pressure will be created and the further the bigger it is will be. And it will unavoidably pull the price up because of growing deficit of NFTs in our collection or because of expectations of this deficit.

What do you think about this functionality? Do you like it?