This article was first published on Bancor - Medium
We’re thrilled to announce the grand opening of the BNTEE.SHOP— a Bancor community initiative that lets you redeem real-world, limited Bancor swag by buying and burning each item’s corresponding token.
The BNTEE.SHOP is opening its doors with three t-shirt designs — BNTEE, BNVT and BNLM — each of which has a corresponding token based on a Bancor Bonding Curve.
BNTEE.SHOP tokens work in a similar way to Uniswap $SOCKS (currently worth around $90,000 a pair). As each token is bought, its value increases along an automated price curve. Burning one $BNTEE entitles you to redeem one physical BNTEE t-shirt. BNTEE.SHOP tokens are always liquid and can be instantly converted to BNT, ETH, LINK, USDC, DAI, WBTC, SNX, AAVE or YFI.
- $BNTEE has a capped supply of 100 tokens and a final value — at the end of its bonding curve— of 10,000 BNT.
- $BNVT has a capped supply of 200 tokens and a final value of 40,000 BNT.
- $BNLM supply is capped at 300 tokens and has a final value of 90,000 BNT.
These total supplies are final and no $BNTEE, $BNVT or $BNLM will ever be re-minted.
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Bancor - Medium