NEW LIFE OR DEATH SPIRAL?: CyberKongz Launches $DEATHSTR Strategy Coin At 1 P.M. EST That Buys And Relists NFTs 20% Below Floor!

Death spirals or new life could be coming to the NFT market today at 1 P.M. EST as CyberKongz launches $DEATHSTR, a strategy token designed to buy NFTs and relist them 20% below the floor price.

Unlike traditional strategy coins that aim to accumulate NFTs and profit and burn coins because from rising prices, $DEATHSTR intentionally undercuts the market. The goal is to stimulate trading activity, accelerate token burns, and give collectors cheaper entry points into NFT communities.

 

 

After a collection is selected, trading fees will be used to purchase NFTs from that project and then list them 20% below the lowest listed floor price.

“Relisting NFTs at a discount, offers users an opportunity to trade and collect NFTs,” Cyber Kongz wrote. “The 20% arbitrage creates an opportunity for individuals to trade for profit, or get hold of NFTs at a discounted price for their collection. With it, we introduce a method for the buyback mechanisms of the strategy to act faster and more frequently in buying back and burning DEATHSTR. This accelerated capital flow, paired with the dynamic selection process, offers a unique variation of the classic strategy tokens currently available.”

 

While the longterm impact on NFT floors remains unknown, CyberKongz has revealed that the token’s first featured collection will be Moonbirds, meaning traders and collectors may want to keep a close eye on that market this week.

 

To find out more about $DEATHSTR ahead of launch, CyberKongz shared a detailed overview in its X article below.

 

The Gazette will continue following $DEATHSTR and how it affects NFT markets across the ecosystem. Stay tuned for updates!