Squaremen

Summary:

Squaremen is a fully autonomous ecosystem whose purpose is to multiply the scenarios of use of NFTs. Squaremen incorporates NFT minting, ERC20 tokens, marketplace, DeFi (coming soon) and an innovative tokenomics where the user who destroys his own NFTs is rewarded with SQTOK tokens.

Description:

Squaremen positions itself on a saturated NFT market giving to the minted NFTs a second chance.
Squaremen is an ecosystem made by two separated valuable reserves:
1) SQTOK: is an ERC20 Token (Token)
2) SQMEN: is an ERC721 Token (NFT)
Differently from what currently available on the NFT scene Squaremen aims to create a circular economy
NFTs can be minted with various possibilities but the main revolution lies in the fact that NFTs can be destroyed (burned) by making the address eligible to receive SQTOK.
Basically, this must be the last road as the Squaremen ecosystem to be sustainable will ensure that the market price of SQTOK, at least in the beginning, will be lower than the minting price of SQMEN NFTs so minting NFTs and destroying them in order to obtain SQTOK would be uneconomical.

However, this is not so obvious as the price of SQTOK is subject to market rules so SQTOK could rise and align with the minting price of the SQMEN NFTs.
Most likely SQTOK will never be able to go down to a lower price than the launch price since SQTOK cannot inflate, and any inflation is covered by the purchase price of the SQMEN NFTs. The availability on the market depends mainly on the following factors:
- Minting of SQMEN NFTs and therefore from a fixed minting price. At this regard, it should
be noted that 70% of the gains from the minting of NFTs will be used, by the owner, to add
liquidity to the exchange pool between SQTOK and another large-cap crypto. This way
SQTOK will be made much more liquid, and the presumable price is expected to rise.
- Farming: The farming will only be made available after launch and not immediately. the APY of farming will be calculated in such a way as not to have an effect on the price due to excessive inflation.

SQTOK can be used also for another purpose, it can in fact be used to mint new SQMENs (NFTs).
On average, the amount of SQTOK required to mint a new NFT will be higher than that given as a reward when one SQMEN NFT is burned. However, this rule is not always true because the rarer NFTs give more credits back to the investor once the claim of SQTOK happens.
One scenario of use could be for example that who has farmed SQTOK or who has bought SQTOK can mint a SQMEN NFT with the expectation that the market price of the NFT will raise.
These possibilities give rise to many different scenarios that can attract numerous nvestors.