# Utility

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## Unveiling DePunks: Redefining Symbiosis

Introducing DePunks, a groundbreaking crypto project revolutionizing the world of NFTs and decentralized finance. At the heart of DePunks lies a meticulously crafted collection of 10,000 unique pieces of digital art, each meticulously designed to embody the essence of punk culture and creativity. These NFTs, aptly named DePunks, serve as not just digital artworks, but as a gateway to a vibrant and dynamic ecosystem.

Key to the DePunks project is its innovative royalty fee structure. With every sale or transfer of a DePunk NFT, a 20% royalty fee is applied. Unlike traditional royalty models where fees go solely to the creator, in the DePunks ecosystem, these fees serve a dual purpose. All royalty fees collected are used to purchase the native token of the project, $PUNK, from the market.

## Empowering DePunks Holders: The $PUNK Token Ecosystem

Once $PUNK tokens are acquired through royalty fees, 5% of them are permanently removed from circulation, effectively reducing the total supply and driving scarcity. The remaining 95% of $PUNK tokens are then distributed to DePunks holders through a carefully crafted airdrop mechanism. The amount of $PUNK received in the airdrop is proportional to the number of DePunks held by each participant, incentivizing ownership and long-term engagement with the project.

Furthermore, the $PUNK token serves various utility functions within the DePunks ecosystem, including governance rights, access to exclusive events or experiences, and participation in future developments and upgrades. As the project evolves, the $PUNK token will play an integral role in shaping its trajectory, giving stakeholders a direct say in its direction.

## Embrace the Future: Join the DePunks Revolution

In summary, DePunks is not just an NFT collection; it's a ground breaking experiment in decentralized creativity and finance. By merging the worlds of digital art, blockchain technology, and decentralized governance, DePunks paves the way for a new era of community-driven innovation and expression. Join us in embracing the spirit of punk and redefining the future of digital ownership with DePunks.

We believe that Base presents a unique opportunity to revolutionise the way projects are created and operated. By utilising decentralised technologies, we can help create projects that are more efficient, transparent and accountable.&#x20;

