Deflationary Mechanics

Auto Reaper

The Auto Reaper is a Smart contract that takes in revenue from secondary volume, player pot tickets sales, on chain staking, NFT staking, and burn events. This smart contract constantly searches the API of marketplaces for floor kritters, and when it has enough funds to buy the floor kritter it triggers the purchase and auto sends the kritter to a dead address.

Reaper Global Bids

20% of our Mint funds were spread out evenly over 24 months into a fund that places Global Bids on the Kreepy Kritters collection. Any Kritter that is won off Global Bid is sent off to the graveyard. This function saves the reapers funds by making purchases below floor and also helps increase liquidity for the project by promoting higher GBs and combating undercutting.

Player Pot

The player pot is a raffling ticket system built by the PixelSweeper that team sweeps and raffles out Kritters on the floor. Half of the 2.5% fees from each ticket is sent to the auto reaper to speed up the deflationary process

Burn Events

There are various burn events with the most common being the secret auction. This auction allows our community to bid on Kritters from our treasury with crypto or Kritters of their own. All winnings for each bid are sent to the Auto Reaper or depositied into the Graveyard.