Introducing SakeSwap Irreversible NFT, a new way of SAKE BURN

2 min readNov 25, 2020

SakeSwap Irreversible NFT now is ready to launch. The first batch of NFTs was minted for MEME/GIF competition winners who designed creative SakeSwap related MEMEs and GIFs. And they were airdropped to all winners. Thanks for community support.

New tokenomics

The design of SakeSwap Irreversible NFT is to further improve the SAKE token economic model by reducing SAKE total supply in a user-led way. As the new feature of SakeSwap, NFT enables SAKE holders to mint NFT with SAKE and xSAKE token which combines the concept of Finance and Game. In meanwhile, SAKE value is transferred to NFT in the process of creation.

The Irreversible NFT brings a new way of SAKE Burn. There are two ways to burn SAKE after the update.

90% of AMM transaction fee incomes
NFT minting

NFT has the potential to be one of the key components of a new blockchain-powered world. SakeSwap NFT holders can trade NFTs in related exchanges. Holders have full control over NFTs which can be considered as profitable digital assets with SAKE valued embedded.

How to mint SakeSwap Irreversible NFT?

Users can mint NFT with SAKE or xSAKE. And the minting process is irreversible. Since the SAKE or xSAKE can’t be decomposed, the total supply of SAKE is reduced by NFT minting. The value of each NFT is unique.

Minting Rules

Minimum mint amount: 500 SAKE or xSAKE
5 grades of NFT (vip0～vip4) with different probabilities (vip0 1x, vip1 1.2x, vip2 1.4x, vip3 1.6x, vip4 2x)
The minting process is irreversible.
NFTs are tradable.

Smart contract

nSAKE: 0x209AdB20B0D6115eA69Ef34C7afa4aC6216C2BE2

nSakeMaster (NFT): 0x1e54716a606cF6308E9b201882c7722df69411cA

The front-end is under development now. A preview of the coming website update.