Sonic Gnomes
  • Sonic Gnomes Hybrid NFTs
  • The Gnome Grotto
  • Anti-Jeet Burn
  • Tokenomics & Distribution
  • Disclaimer
  • Website
  • X Account
  • Telegram
Powered by GitBook
On this page
  • Fun Alpha #1 - Supply Soft-Locks:
  • Fun Alpha #2 - Deflationary NFT Collection:

The Gnome Grotto

PreviousSonic Gnomes Hybrid NFTsNextAnti-Jeet Burn

Last updated 3 months ago

The Gnome Grotto is where users are able to swap their NFTs for tokens and vice versa. This smart contract has two simple functions.

1. Swap NFTs for $SGNOME tokens.

2. Swap $SGNOME tokens for NFTs.

Simple as that!

Fun Alpha #1 - Supply Soft-Locks:

Each NFT held in a user’s wallet represents 1,000,000 $SGNOME that is is soft-locked in the Gnome Grotto smart contract until they decide to swap their NFTs for $SGNOME tokens. This means that a large majority of the $SGNOME will be soft-locked in the contract until users decide to swap their NFTs for the token.

Fun Alpha #2 - Deflationary NFT Collection:

When users swap their NFTs for tokens, the NFT gets stored in the Gnome Grotto smart contract and is effectively out of circulation unless another user chooses to swap their $SGNOME tokens to NFTs. This creates a nearly instant hyper-deflationary effect on the NFT collection, making them rarer and rarer over time.

NFT/Token Swapping
Page cover image