Programmed FP or Anti-PaperHands System


Since a lot of people evaluate projects by Floor Price, it's important to keep it on a certain level. NEAR NFTs volume is almost dead, we don't have an inflow of new money. Projects are bleeding, and it's hard to maintain the FP in such an environment. To fight that, we want to introduce a new experimental system that will help to maintain FP (this is especially important when we will have an influx of new NEAR NFT users).
In this system, NEARton holders will be able to delist NFTs under the minimum FP.

How it works:

First of all, we will set the initial minimum FP. According to Paras data avg NEARton price is ~ 24 N. So it's a good point to start, especially when NEAR price is so low.
  1. 1.
    The initial minimum FP will be 24 N
  2. 2.
    On our website, each holder will see the list of NFTs below minimum FP and will be able to delist each NFT (and later burn or take over)
  3. 3.
    All holders will be able to increase the minimum FP by burning their NEXP
We will develop some benefits for the active paper hands fighters.
In this way, we aim to stabilize the price and provide a gradual increase.
Please keep in mind that this is an experiment and an early prototype. We will roll out all system parts step by step (tweaking them if needed).
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How it works: