The Perpetual
Punk Auction
A permissionless protocol that buys and auctions Punks while burning token supply.
Available for punk purchases
0 ETH
Reserve
0 ETH
PAST Market Cap
$0
PAST Price
1 ≈ 0 ETH
Tokens In Circulation
0
Tokens Burned
0
More fees
→
Treasury grows
→
Buy Punk
→
Dutch auction
→
Burn $PAST
→
Higher floor
→
More trading
→
Punk Auction Flywheel
Driving value through trading fees, punk purchases, auctions and token burns.
Trading fuels the treasury
Buy or sell, each trade contributes surplus to the treasury, funding future purchases.
Buy Punks
The treasury deploys accumulated surplus to purchase Punks.
Punks go to auction
Each Punk is sold via a Dutch auction denominated in $PAST. Price decays until it clears.
Burn the winning bid
The winning $PAST is burned, reducing circulating supply and permanently raising the floor price.
