Collect Fees → Grow Treasury → Buy Punk→ Dutch Auction → Burn $PAST → Higher Floor → ... https://xitter.cf/t.co/AoK6bsiDvz ca 0x38778e6d4d0dbe9becef3ae8b938570209efa48b
Ethereum
Joined October 2025
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From Punk Auction → Toast 🍞
The mechanism lives on, improved today and evolving toward new strategies.
A lab for onchain flywheel design: @toastdottech
punk.auction retweeted
We’re building a protocol that unlocks new value loops around the digital assets people care about.
$TOAST sits at the center, concentrating value, flow and attention into one place.
Current holders will be aligned with what comes next.
punk.auction retweeted
Since launch, the Meridian strategy has triggered the $PAST buyer more than 15 times, buying directly from the bonding curve.
punk.auction retweeted
The second Meridian auction is live.
The price decays each block until Meridian #426 is sold.
All auctions occur in $MAST.
punk.auction retweeted
Meridian auction 1 is complete.
111,000 $MAST permanently removed from supply 🔥
The next auction can be initiated at 22:40 UTC.
punk.auction retweeted
We just acquired Meridian #426.
The purchase happened less than an hour after our first Meridian buy.
All auctions take place in $MAST.
punk.auction retweeted
Meridian #701 was acquired for 2.8 ETH and the first auction has started.
In the Dutch auction, the price decays each block until the Meridian is sold.
5% of the winning $MAST bid goes to the artist and the remaining 95% is burned.
punk.auction retweeted
The Meridian strategy is live!
A launch premium starts at 99% and decays every block.
No sniping, fair entry for all.
ca 0xa2b32B7d7D6eefdB7aa72278e28c4e705D014e85
Ticker: $MAST
meridian.auction
punk.auction retweeted
We selected Meridian by @mattdesl as the first collection in our @artblocks_io series.
Released in September 2021, it’s since become one of the most iconic and recognizable generative art collections ever made.
🕗 Strategy live at 20:00 UTC
meridian.auction
punk.auction retweeted
Auctions are coming to @artblocks_io .
🎨 Same flywheel, new canvas:
❐ Each collection runs on its own token and bonding curve.
❐ Trading on the curve fuels NFT auctions
❐ Every NFT auction burns token supply
🔄 New loops added:
❐ Turns the $PAST flywheel
2% fee on trades is used for PAST buybacks, waiving all team fees.
❐ Artist Aligned
With each auction, 5% of the winning bid is sent to the artist, respecting royalties.
🔧 Refined from what we learned:
❐ Fair Launch
The bonding curve features a buying tax, regressing from 99% to zero over T+1 hours. No sniping.
❐ Dynamic Auctions
Bid starting price adjusts to NFT price. Expensive NFTs will raise the starting bid, and vice versa.
❐ Cooldown Period
A new auction can start only 24h after the previous one began, keeping the pace steady.
❐ MEV Protected
Keeps auctions human-centred by limiting MEV bots from participating. More fun!
🔔 First collection drops within 24hrs. Notifications on.
The PAST airdrop round 2 is live!
Six more days to qualify for the 105k PAST distribution by buying on the bonding curve.
With new collections and partnerships in the works, November is set.
And that's not all. We're coding up something fresh behind the scenes ..
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The first $PAST airdrop will be distributed from Monday November 3rd.
Streamed using @Sablier over a two week period, eligible users claim their allocation by starting an airstream.
The airdrop cut-off is set at 1 PAST.
The claim period is 30 days, with unclaimed PAST used for future rewards.
app.sablier.com/airdrops/cam…
For our upcoming collections, we're selecting true masterworks tailored to the dutch auction format.
With a history of curation by major institutions, these collections play fully into the strengths of the auction mechanism.
Each will feature its own curve/token with MEV-protected contracts, a fair launch mechanism, and other improvements.
A share of fees will buy PAST directly from the bonding curve, fuelling the flywheel through consistent buy pressure.
Next week, we'll announce the deeds.
More art, more auctions, more burned $PAST.
Get ready.
The first round of rewards has concluded.
Over the next few days, we’ll review all wallets and remove any bots.
More details on timing and distribution soon.
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The first round is almost over.
It ends Monday 00:00 UTC.
You still have time to earn points toward the first $PAST rewards.
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We’ve just bought our 9th Punk, #8514 for 42 ETH.
It’s now up for auction.
Let’s see who grabs it.
