LET THE GOOD VIBES AND FLYWHEEL ROLL!: TokenWorks Updates The Good Vibes Club’s $VIBESTR Coin, Ensuring The Flywheel Spins Wherever Its NFTs Are Sold!

Let the good vibes roll or should I say, flywheel!

On Tuesday, the TokenWorks team announced a series of updates to the Good Vibes Club strategy coin aimed at ensuring the protocol’s flywheel keeps spinning, regardless of where its NFT holdings are sold.

“Good Vibes Club NFTs owned by VibeStrategy are now purchasable on @opensea,” Token Works tweeted. “When the Strategy buys an NFT, it will be listed on both the Strategy contract and Seaport. Regardless of where it's sold, the proceeds buy and burn $VIBESTR automatically.”

 

 

“We've made a few key enhancements to the Vibewheel™ in special thanks to  @token_works and  @opensea,” Good Vibes Club tweeted. “You can now buy Strategy-listed GVCs alongside the rest of the collection on OpenSea. Strategy volume is now incorporated into our collection activity on OS. With this integration comes more visibility, more burn, and more activity to fuel the GVC ecosystem. The Strategy currently holds 485 GVCs, now more accessible for vibe-curious collectors.”

 

Simply put, the token works better than ever.

As the Gazette previously reported, Good Vibes Club’s $VIBESTR operates like other strategy coins in the TokenWorks ecosystem. As users buy the strategy token, the contract accumulates fees and automatically purchases the corresponding NFT. That NFT is then listed at 1.2× the floor price. When it sells, the proceeds are used to buy back and burn the token supply. No one controls these tokens, they run autonomously and in perpetuity.

 

Looking ahead, the TokenWorks team plans to roll these upgrades out across its broader strategy coin ecosystem, making every token’s flywheel spin even faster.

"We're using GVC as a test run before rolling this out to all Strategies," TokenWorks wrote. "The goal is to apply this feature to all future and current Strategies (other than the first few legacy contracts) in the coming weeks. Thank you to  @HollanderAdam and the OpenSea team for helping us get this over the line.”

  

The Gazette will continue to follow all things TokenWorks and will let you know when these upgrades roll out across the ecosystem. Stay tuned for updates!