$0.00058236
- Market Cap$244,840.77
- 24 Hour Trading Vol$22.257
- Fully Diluted Valuation$465,886.174
- Circulating Supply420,525,50952.57% of total supply
- Total Supply800,000,000
- Max Supply800,000,000
Degen Zoo was founded by the creator of DAO Maker. It serves as the first infrastructure built to support community incubations for animal NFTs. The collection “Price of Exctinction” is the initial release among multiple collections, all backed by the $DZOO token.
The game is designed around real-world style monetary incentives that contribute to the decline of millions of animal species. It does this through a token economic game theory that lowers the token’s circulating supply by minting NFTs. Players can grow their token holdings by hatching animals and upgrading them. When a player kills (burns the NFT) their animals, the tokens held inside are released.
Everything in the game is trustless and runs on-chain, so the underlying mechanics cannot be altered in any way. The system uses a defined game-theory model intended to push participants toward killing animals. The purpose of the game is to raise money for animal charities and NGOs by charging a 2.5% NFT royalty fee on each trade.