SNK Outflow
Outflow of $SNK is predominantly realized through PPK Rewards and the Snook Ladder prize pool, which we discuss below. However, two additional cash outflow mechanisms exist:
- 1.Ecosystem Fund which is based on the 4% allocation from minting.
- 2.Staking rewards which are funded with 4% of minting and 5.2% from Resurrection/Fusion.
An additional mechanism is relevant here, although it is not an outflow in the true sense of the term - burning $SNK. Whenever a new snook is minted 20% of the $SNK inflow is burned. This is not an artificial deflationary tool. It reflects the direct transfer of value from $SNK into the snook-NFT.
Last modified 8mo ago