Idea: Burn NFTs, Get SOL Back?! 🤯

Hey everyone 👋 Got a cool (maybe crazy?🤪) NFT idea I wanted to share from the playground.

The Big Idea: Burn = SOL Back 🔥💰

Picture this: An NFT collection where every time someone trades an NFT, a slice of the royalty $$ goes into one big community SOL Pool managed by code (a smart contract).

Now, the fun part: If you own one of these NFTs, you can BURN it whenever you want. Poof 🔥

When you burn it, the smart contract looks at two things:

How much SOL is in the pool right now? 💰
How many NFTs from the collection are still left (not burned)? 🤔

Then, it calculates your share: (Total SOL in Pool) / (NFTs Still Left) and sends it to your wallet. Like sharing a pizza - the amount of pizza (SOL) divided by the number of people left (NFTs) gives you your slice size 🍕.

Quick Example 🧮

Early days: Pool has 1,000 SOL. All 10,000 NFTs exist. Burn now? You get 1000 / 10000 = 0.1 SOL. Nice. 👍
Later on: Pool has 10,000 SOL (more trading). 5,000 NFTs have been burned, only 5,000 NFTs left. Burn now? You get 10000 / 5000 = 2 SOL. Much nicer 🎉.

Why Tho? 🤔💎🙌

The payout per burn could go UP over time if:

More people trade the NFT (adding royalties to the pool 📈).
More people burn their NFTs (reducing the number left to share the pool 📉).

This might make people want to hold on longer (diamond hands 💎🙌) hoping for a bigger payout later. It also makes the NFTs scarcer, which could push up the floor price 🚀.

Good Things 👍 & Tricky Parts 👎

Potential Pros:

Rewards holders directly from trading activity 💸.
Reduces supply over time (deflationary 🔥).
Cool, unique experiment in NFT value ✨.
Gives holders another way out besides selling ✅.

Potential Cons / Challenges:

Getting royalties automatically into the contract's pool is tricky. Manual deposits might be needed first 😬.
How does the contract know exactly how many NFTs are left? Needs careful tracking 🔢.
What if trading is slow and the pool doesn't grow much? Pool stays small = small slices 📉.
Game theory. When's the best time to burn? Early bird or last one standing 🤔.

Just an Idea 💡

Remember, this is just a fun concept brewing in the smoothbrain.xyz playground. Building it would involve smart contracts (Anchor time!) and connecting it to this website.

What do you think of this burn-to-redeem idea? Let me know 👇