Kreepy Kritters Summary

Kreepy Kritters is a NFT protocol based on a growing treasury and deflationary supply that focuses on long term sustainability

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Mechanics

Growing Treasury: 50% of our mint funds were staked into an on chain validator delegation to compound and provide burn funds. This ensures the projects main treasury grows and there are always funds for the deflationary mechanics even with no trading volume Deflationary: There are multiple ways the supply is burned which reduces short term holders, adds pressure to the floor, and decreases the ratio of standing NFTs to the Treasury. The main mechanic is a constructed smart contract that takes secondary royalties and auto sweeps / burns the lowest listed Kritter from the floor. NFT Treasury: We purchase other NFTs that offer passive income which are used to feed our deflationary mechanics while also rewarding our holders with airdrops

Reason for Kreepy Kritters

In the current market most NFT collections are based off of art/community with no utility or have a self printed token for their utility. These styles can work in a bull mark but are difficulty to sustain long term / in a bear market. Most projects ran into the issues of minting out, then using up the mint funds over time and having no way to add value or build the project. There is a huge saturation of these styled projects and the fatigue is being felt with low liquidity through the extended bear. We designed Kreepy Kritters in a fashion with its growing treasury so there is no concern of running out of funds. In contrast the treasury only compounds and grows with time. Secondly we saw the struggle of projects having falling floors from undercutters or people flipping so we designed our deflationary mechanics to help eliminate these holders and shape the community into a strong long term user base. Over the last 6 months we have proven this model works, even on a small NFT chain in a bad market. We are now bridging to polygon and bringing over our community / liquidity to mesh with the ecosystem and help grow together. Only the Strongest will Survive. Our Mint Funds went entirely into the project. 90% went to our treasuries and the other 10% went into marketing, and paying the artists and smart contract developers. As a founder I took no portion of the mint funds or any free mints.