# $PUNK

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Introducing $PUNK: Fuelling the Future of DePunks Ecosystem\
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$PUNK operates on a deflationary model, enhancing scarcity and potential value appreciation. When DePunks NFTs are traded, a 20% royalty fee is applied, the entirety of which is distributed to the community or burnt effectively reducing the total supply of $PUNK over time.
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**Airdrop Distribution**: 95% of $PUNK tokens from royalty fees are redistributed to DePunks holders through an airdrop system. The allocation of tokens in the airdrop is proportional to the number of DePunks held by each participant, incentivizing long-term ownership.

**Utility Functions**: $PUNK tokens offer multiple utilities. They grant governance rights, allowing holders to participate in decision-making processes. Additionally, $PUNK provides access to exclusive events and perks within the DePunks community.

In summary, $PUNK's tokenomics leverage a deflationary model, including a burn mechanism, to drive value and scarcity within the DePunks ecosystem. Through its governance features, utility functions, and airdrop distributions, $PUNK incentivizes community engagement and plays a vital role in shaping the project's trajectory through engagement incentives.
