POX is an MPL-404 token on Solana, blending memecoin and NFT cultures into one.

- Written by a community member.  This is speculative and subject to change as team reveals more.  DYOR.  Not financial advice.

You can find out more information about MPL-404 from MetaPlex Foundation: [Unfortunately, I can't post links yet.  Search "MPL-404" on google]

What does this mean?

Both NFTs and tokens make up the 1 billion total supply.  500 NFTs represent the entire supply, and 1 NFT equals 2,000,000 tokens.
If there are 499 NFTs, there is only 2,000,000 tokens in circulation.  If there is 1 NFT, then there is 998,000,000 tokens in circulation.

What advantages does this have?

The NFTs can be traded on a NFT marketplace, such as MagicEden, or instantly swapped to tokens and traded on the market.  Do you smell an arbitrage opportunity?

What else?

When POX tokens are swapped for a NFT, a fee is applied and collecting in a rewards wallet.  These rewards will be distributed to those that lock their NFT and/or token in the PoxLock.  Currently, there is about $2 million worth of tokens in the rewards wallet waiting to be distributed.

What's the catch with PoxLock?

Keep in mind, you don't have to lock, but it will be encouraged.  Unlocking currently has a 90% fee, and will be lifted at undisclosed time period.  However, locking tokens is essentially removing the tokens from circulation.  The fee for unlocking is also collected and will be distributed to those that lock their NFT and/or token.  What happens when supply can no longer handle the demand for the token?

Can you spell it out?

This token allows for various money making strategies, and from various crypto enthusiast and communities, all the while, encouraging price increase for both NFT and token, and rewarding long term holders.  It's an all-in-one system.

- Each wallet that locks the token is essentially acting like a separate LP pool that will be earning rewards.
- Allows arbitrage between NFT and tokens, vice-versa.
- Allows NFT to be traded separately.
- Allows tokens to be traded separately.

Wallet Info:

You will notice a wallet that is holding 60% of the supply.  This isn't a wallet, but a smart contract.  This is an escrow contract that allows the exchange of NFT to tokens.

Come over to the community telegram for more information, and if you have any questions: [Unfortunately, I can't post links.  Search "pox" on dexscreener]