Reapers
Three thousand of them on Ink. Switching one on burns REAP. Sell it and it goes back to sleep, so the next owner burns again. While it is awake it is buying real assets and holding onto them.
- Supply
- 3,000
- One of ones
- 15
- Activation
- 25,000 REAP
- Burned to date
- 0
- Destroyed
- 0
- Paid to holders
- 0
How the whole thing runs
Every reaper is a wallet. Trading fees and royalties pool into the engine, the engine buys real assets, and those assets land inside whichever reapers are awake. They stay in there, and they go with the token when it sells. That is why a reaper is worth something even on a quiet week.
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People trade
Every sale pays an enforced 7% royalty, and all of it goes to the engine.
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The engine collects
Fees pool on the hour. Nobody has to press anything for it to happen.
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It buys the real thing
Bitcoin, dollars, Apple and NVIDIA, bought on the open market.
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Your reaper keeps it
Into the vault inside your token, or out to your wallet every hour. Your call.
Take the payout to your wallet and you see it every hour. Leave it in the vault and it builds into what the token is worth when you sell. Plenty of people will want one or the other, and both are fine.
A sale puts it back to sleep
Buy a reaper and it arrives dormant, whoever it came from. Twenty five thousand REAP wakes it up. There is no way around it and no grandfather clause.
People flinch at this one, so here is why it is in there. Flipping is the most common thing that happens to any NFT, and most collections just let that churn drain them. We charge for it instead. Every flip takes supply out of circulation for good, so the people trading in and out end up paying for the floor the people holding are standing on.
Your rung survives the sale. Everything you burned to climb is still on the token, so the next buyer is paying you for it.
One exception, and only one. See the fifteen.
The top of the ladder is a bad deal on purpose
Switching a reaper on costs 25,000 REAP and it earns at a plain 1x. You do not have to buy anything else first. Read the last row as an investment and it is a poor trade, twenty five times the spend for 3.2 times the share, and it will still sell, because people buy size. Every rung gets burned. None of it is staked and none of it comes back.
| Rung | Rung cost | Boost | Total spent | Cost vs activated | Multiplier |
|---|---|---|---|---|---|
| Activated | 25,000 | none | 25,000 | 1x | 1.00x |
| One | +100,000 | +70% | 125,000 | 5x | 1.70x |
| Two | +275,000 | +130% | 300,000 | 12x | 2.30x |
| Three | +600,000 | +220% | 625,000 | 25x | 3.20x |
Sacrifice
Feed one reaper to another and their multipliers add together. Whatever the burned one had climbed to lands on the survivor, plus 25% on top for doing it, so nothing you spent on the one you fed in is wasted. Two is the limit, the second costs more than the first, and the reaper you fed in is gone for good. The count shows up in the metadata.
Fixed costs, not percentages
Twenty five thousand is twenty five thousand whatever REAP is worth. If the token goes up, the sink tightens by itself. A collection that prices in dollars has the opposite problem.
2,985 of these
Twelve backgrounds, twelve headpieces, nine faces, seven bone tones, eight eyes and ten outfits, weighted so the rare ones stay rare. Every piece gets checked for missing traits and stray colour before it ships.
The fifteen
One in two hundred, drawn by hand instead of rolled. They never go dormant, whatever happens to them. Sell one and it keeps earning for whoever bought it, with no reactivation and no twenty five thousand. They also carry a permanent fifty percent on top of whatever rung they climb to, and they can never be the one burned in a sacrifice.
We do not burn other projects. We reap them.
Buying another project's token just to burn it sounds generous and does nothing for you. It cuts their supply, their holders get the upside, and your money is gone.
So the treasury does something else with it. It buys yield NFTs that already pay, switches them on, and collects. That harvest comes back, buys REAP off the market, and burns it. One spend turns into something we keep that buys REAP every week it runs.
The reap vote
Once a week holders pick the target. The treasury buys it, burns it in public, and the transaction goes up where anyone can check it.
You are voting on where a burn points. You are not voting on a pot of money somebody manages for you, and we kept it that way on purpose.
Mint
- Price
- Free
- Supply
- 3,000
- Chain
- Ink
- Token
- REAP
Free, with a cap per wallet so it reaches people instead of whichever bot is quickest. The real cost of running a reaper is the 25,000 REAP that wakes it up.