colRverse is an NFT project that distributes its NFTs called colR Cards, each of them consisting of a specific color and the project's logo, to users who can then use these NFTs to decorate their items in Metaverse projects cooperating with colRverse.
The ERC-20 colR Coin ($colR) will give holders benefits in the form of automatic whitelist spots for minting colR Cards, as well as a reduced minting price. 3% of the NFT tax will be used for token buybacks and burns (B&B). This means that each time an NFT is bought, a buyback of the $colR token is initiated and burnt. Each time tokens are bought, 3% goes to a wallet that the team will use to do weekly “floor sweeps” of the NFTs.