CyberKongz recently announced and released $DEATHSTR or DEATHSTR, an experimental on-chain token and strategy protocol built as an evolution of the “strategy token” model pioneered by projects like Token Works.
This isn’t a traditional token—it’s designed as a perpetual machine that interacts with NFT collections in a contrarian, high-velocity way, often described as “flipping” or aggressively targeting floors to create chaos, opportunity, and accelerated token burns.
It’s a tax token on Ethereum with a 10% buy/sell tax (9% goes toward NFT purchases, relisting, and buybacks/burns; 1% to development). 1 billion total supply, fair-launched; all tokens available at launch, no special allocations; started with 99% tax decaying to 10% over time.
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Unlike single-collection strategy tokens, $DEATHSTR rotates: Every 3 days, holders (minimum 1,000 tokens to vote) select from a shortlist of 5 NFT collections via governance vote (1 token = 1 vote; tokens locked during voting). The winning collection becomes the target. The protocol uses fees to buy NFTs at/near floor price.
Inverted listing logic (the “flip” part): Bought NFTs are relisted ~20% below the last known floor price (not above, like traditional strategies aiming for profit on holdings). Create instant discounted opportunities ? attract traders/bots/collectors for quick snipes/flips ? faster turnover and sales.
Proceeds from sales feed back into buying more NFTs or buying back and burning $DEATHSTR tokens. This prioritizes velocity and activity over holding for appreciation, aiming to keep the flywheel spinning even in flat or down markets by forcing trades and liquidity flow.
The name plays on “Death Star” vibes—disruptive, potentially destructive to targeted floors (hence “death spiral” concerns in some coverage), but intended to generate wins for traders (cheap entries) and long-term holders via burns and momentum.
Announced around early February 2026, it sparked excitement in the NFT/web3 space for its bold experimentation. Boosted volume and energy around CyberKongz’s own collections (Genesis Kongz, etc.). Some see it as genius adaptation of the strategy token concept—community-driven, adaptive, and built for turnover.
Others worry it could “detonate” targeted NFT floors if volume is high enough though turnover is fast, limiting long-term inventory/damage. Creator feedback from Token Works notes it’s an interesting spin but questions if below-floor listings create sustainable loops vs. premium listings holding inventory as a feature.
The strategy token model often called NFT Strategy tokens or NFTStrategy flywheel is an innovative on-chain mechanism pioneered by TokenWorks in mid-2025, starting with $PNKSTR tied to CryptoPunks.
It blends NFTs and DeFi to create automated, self-sustaining loops that generate buy pressure on targeted NFT collections while making the associated ERC-20 token deflationary through burns.
At its core, it’s a “perpetual machine” or flywheel designed to align incentives between token holders, NFT collectors, and in many cases the original NFT project/community.
Most follow this blueprint (e.g., $PNKSTR, $CHMPSTR for Chimpers, $VIBESTR for Good Vibes Club, $STREET for Quirkies, $APESTR for BAYC derivatives, etc.): Tax on trades — Usually a 10% fee on buys and sells of the strategy token via Uniswap or similar DEXes. ~8% accumulates in a treasury (ETH) for NFT accumulation.
~1% often goes to development, treasury and community rewards. ~1% may route to a meta-token like $PNKSTR or creators. When the treasury ETH reaches the floor price of the target NFT collection, the smart contract automatically buys one or more NFTs at/near floor.
The acquired NFT is instantly relisted on marketplaces like OpenSea at a ~20% markup (1.2x purchase price). If/when the NFT sells at the premium:The profit (ideally) exceeds the original buy cost. Proceeds buy back the strategy token from the open market and burn it.
Overall, it’s a high-risk, high-chaos experiment in NFT-token mechanics from a legacy project like CyberKongz (pioneers of NFT utility since 2021 with $BANANA/$KONG). If you’re into on-chain innovation or degen plays, it’s generating buzz—DYOR, as always, since NFT/token markets remain volatile.