🙀THICC Game Theory Concepts

The "THICCTANK" acts as a simple NFT escrow solution which will pay out $THICC immediately from the THICCTANK when a user chooses to deposit their NFT in it.

When the user wishes to adopt (purchase) an NFT from the "THICCTANK" they can do so at any time by paying the appropriate amount back the THICCTANK in the $THICC token.

A user is able to shop and select whichever THICCUMS NFTs that they want to adopt, adding a layer of game theory where if someone deposits a rare NFT, another user can come and purchase it at the liquid floor price of 1,000,000,000 $THICC tokens (+3% premium).

💸 3% of $THICC from both $THICC Claims and $THICC Payments feeds the THICC REWARDS pool in which any holders of THICCUMS NFTS and CHONK NFTS are able to enter into a weekly raffle and qualify to win rewards in the $THICC token. 💸

Read more about the THICC REWARDS pool lottery here by clicking the link below!

IMPORTANT: $THICC CLAIM AMOUNT = $THICC PAYMENT AMOUNT (+3% Premium)

The premium amount while paying back the THICCTANK ensures that there will always be enough liquid $THICC available in the THICCTANK to account for each NFT in circulation after the 3% fee feeds the THICC REWARDS pool.

For example: A user wants to adopt a THICCUMS NFT and pay $THICC to the THICCTANK to be able to select a THICCUMS NFT of their choosing.

The user would pay the THICCTANK 1,000,000,000 plus the premium of 30,000,000 $THICC tokens for a total of 1,030,000,000 $THICC tokens to be transferred to the contract.

The contract will then send 30,000,000 $THIC (3%) to the THICC REWARDS pool, ensuring that exactly 1,000,000,000 tokens are returned to the THICCTANK.

Game Theory Ideas for Consideration:

As more THICCUMS NFTs are sent to the "THICCTANK," they become scarcer on the market, potentially influencing the floor price of the NFT. For instance, if a user sells their $THICC tokens and opts not to retrieve back the NFT, it remains locked in the THICCTANK until another user chooses to adopt it, making it deflationary in nature.
Each THICCUMS NFT sold on the secondary market comes with an attached claimable token amount and essentially gives each NFT a liquid value. Therefore, if the price of the $THICC token increases, the floor price of the THICCUMS NFT could rise in tandem.
Because not every THICCUMS NFT holder will claim their $THICC tokens, a significant portion of the $THICC supply could remain locked, maintaining a low circulating supply of the $THICC token. This reduction in circulating supply may lead to a supply shock, potentially influencing token price.
The two-way escrow mechanism presents a perpetual arbitrage opportunity because the $THICC token price is linked with the value of NFT(s). For example, if an NFT's floor price falls beneath the claimable amount in terms of the $THICC token, a user could purchase an NFT at the floor price on Opensea, claim the $THICC tokens attached to it, and then sell the acquired $THICC tokens on Uniswap for a quick gain. Even when users claim $THICC for locking the NFT and sell their tokens on the market, it still contributes to a positive feedback loop for the CHONK ecosystem because it not only removes the NFT from circulation and increases the collections rarity, but also feeds the THICC REWARDS pool as a treat for NFT holders at the end of the week.
The way that the THICCTANK is set up offers an alternative way for users to liquidate their positions via an OTC (over-the-counter) exchange. For example, an NFT holder is able to sell their NFT on Opensea instead of swapping into the $THICC token and selling onto the chart.
Because the initial liquidity of $THICC is bonded with $CHONK, if $CHONK goes up, it will push the price of $THICC up with it.

These are just a few possibilities of what might unfold once the token and escrow contract go live. We'll leave the rest to speculation and open for further discussion.

Disclaimer: Coding and cryptocurrency are complex endeavors, and we are fortunate that any of this code functions as intended. This NFT project operates in the volatile crypto space, where values can fluctuate, and investments may incur losses. CHONK and THICCUMS NFTs are created for artistic and community engagement purposes on Base Chain. We emphasize that there's no guaranteed profit, and participants should not expect financial gains based on the efforts of others. Please be aware of the inherent risks, and only engage if you understand and accept the potential for value fluctuations based on market demand.

Please note that this whitepaper is subject to change at any time. We reserve the right to update or modify the content, information, or strategies outlined within this document as deemed necessary to reflect evolving circumstances, technological advancements, or regulatory requirements. Any revisions or amendments will be communicated transparently to our community.

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Last updated 6 months ago

Game Theory Ideas for Consideration:

As more THICCUMS NFTs are sent to the "THICCTANK," they become scarcer on the market, potentially influencing the floor price of the NFT. For instance, if a user sells their $THICC tokens and opts not to retrieve back the NFT, it remains locked in the THICCTANK until another user chooses to adopt it, making it deflationary in nature.

Each THICCUMS NFT sold on the secondary market comes with an attached claimable token amount and essentially gives each NFT a liquid value. Therefore, if the price of the $THICC token increases, the floor price of the THICCUMS NFT could rise in tandem.

Because not every THICCUMS NFT holder will claim their $THICC tokens, a significant portion of the $THICC supply could remain locked, maintaining a low circulating supply of the $THICC token. This reduction in circulating supply may lead to a supply shock, potentially influencing token price.

The two-way escrow mechanism presents a perpetual arbitrage opportunity because the $THICC token price is linked with the value of NFT(s). For example, if an NFT's floor price falls beneath the claimable amount in terms of the $THICC token, a user could purchase an NFT at the floor price on Opensea, claim the $THICC tokens attached to it, and then sell the acquired $THICC tokens on Uniswap for a quick gain. Even when users claim $THICC for locking the NFT and sell their tokens on the market, it still contributes to a positive feedback loop for the CHONK ecosystem because it not only removes the NFT from circulation and increases the collections rarity, but also feeds the THICC REWARDS pool as a treat for NFT holders at the end of the week.

The way that the THICCTANK is set up offers an alternative way for users to liquidate their positions via an OTC (over-the-counter) exchange. For example, an NFT holder is able to sell their NFT on Opensea instead of swapping into the $THICC token and selling onto the chart.

Because the initial liquidity of $THICC is bonded with $CHONK, if $CHONK goes up, it will push the price of $THICC up with it.

These are just a few possibilities of what might unfold once the token and escrow contract go live. We'll leave the rest to speculation and open for further discussion.