The ThiccPaper - CHONK.finance
  • PHASE 1: CHONK NFT x TOKEN HYBRID
    • 🐱What is a NFT x TOKEN Liquid Hybrid?
    • 😻CHONK Overview
    • 🙀CHONK Game Theory Concepts
    • 😽CHONK Token Distribution
  • PHASE 2 & 3: THICCUMS NFT x TOKEN HYBRID
    • 😸THICCUMS Overview
    • 😽THICCUMS Minting Details
    • 🙀THICC Game Theory Concepts
    • 😻THICC REWARDS Pool
    • 😾THICC Token Distribution
  • Resources
    • 🐈CHONK Ecosystem Contracts
    • 😸How to Bridge to Base Chain
  • External Links
    • Website
    • X Account
    • Telegram
    • CHONK dApp
    • Buy CHONK on Uniswap
    • YouTube
    • CHONK Stats
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  • What is a NFT x TOKEN Liquid Hybrid?
  • Learn more about how Hybrid NFT//Tokens work in the following pages!
  1. PHASE 1: CHONK NFT x TOKEN HYBRID

What is a NFT x TOKEN Liquid Hybrid?

Welcome to CHONK, a collection of 1,000 Thicc n' Chonky Hybrid NFTs only on BASE: Coinbases' L2 Network!

NextCHONK Overview

Last updated 1 year ago

What is a NFT x TOKEN Liquid Hybrid?

CHONK is a game changing DEFI innovation that merges NFTS and an ERC-20 token into one cohesive ecosystem. Our bidirectional NFT swap system seamlessly merges the NFT and token markets, creating a hyper deflationary NFT with unique game theory dynamics. Addressing the liquidity challenge in the NFT realm head-on, we've introduced a solution that distinguishes us in the DEFI world. At CHONK, we're not only advancing DeFi, we're shaping the future of NFTs.

To those wondering, this is NOT an ERC-404 project.

Instead, the best way to describe it is as a collateralized NFT that has a redeemable liquid value at any time by locking your NFT in the two-way escrow (swap) contract. With this mechanism, the floor price of the NFTS will correlate with the price of the token(s) as each NFT held by wallets has a "liquid value" attached to it.

Additionally, the NFT collection will become hyper-deflationary over time as users elect to lock up their NFTS and claim the corresponding tokens in return.

Learn more about how Hybrid NFT//Tokens work in the following pages!

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