💦Splashback Program
The $peepee buyback program!
The PeeBee NFT collection has 10% royalties. We are dedicating a variable proportion of this for $peepee buyback based on the total volume of PeeBee - known as the Splashback Program!
How Splashback Works
The proportion of the royalties allocated to $peepee buyback can be seen in the below table:
0 - 50k
100%
>50k
25%
This means that for the first 50k ADA of volume all royalties go towards buying back $peepee. This is equivalent to 5,000 ADA worth of $peepee buyback on 50k ADA volume.
For all volume traded above 50k ADA, 25% of royalties go towards buying back $peepee. This is equivalent to 1,250 ADA worth of $peepee buyback on 50k ADA volume.
What happens to the $peepee?
The $peepee gained from buyback will be used for the following:
PeeBee Staking
Burning $peepee
Partnerships
Giveaways
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