MNAV Calculation
Market Net Asset Value (MNAV) is the core metric that drives our automated trading strategy. It represents the ratio between market capitalization and treasury holdings.
The MNAV Formula
A simple yet powerful metric for determining token valuation relative to backing
Buy + Burn 75%
Buy + Keep
Accumulate
Distribute
How MNAV Works
Components
Market Capitalization
Total value of all $PACKS tokens in circulation at current market price
Treasury Holdings
Total value of assets held in the treasury wallet (SOL, tokens, NFTs)
Interpretation
MNAV = 1: The token is perfectly backed by treasury assets
MNAV = 2: Market values the token at 2x the treasury backing
MNAV = 0.5: Token trades at 50% of treasury value (discount)
Real-World Examples
Band A (MNAV ≤1.151)
Buy with 1.51% SOL, burn 75%, reserve 25%
Band B (MNAV 1.151-2.25)
Buy with 1.51% SOL, keep in engine
Band C (MNAV 2.25-3.5)
Accumulate - no trading action
Band D (MNAV ≥3.5)
Distribute 1.51% of tokens
4-Band Trading System
The trade engine uses four distinct MNAV bands to execute different strategies based on market valuation.
Band A
Maximum support zone with supply reduction mechanisms.
• Buy with 1.51% of SOL
• Burn 75% of purchased tokens
• Reserve 25% to treasury
Band B
Moderate support zone with accumulation.
• Buy with 1.51% of SOL
• Keep all tokens in engine wallet
• Build reserves for future operations
Band C
Neutral zone for natural price discovery.
• No trading action
• Monitor market conditions
• Allow organic price movement
Band D
Distribution zone for profit realization.
• Sell 1.51% of tokens
• Convert to SOL
• Hold proceeds for future purchases
Dynamic Strategy: Each band represents a different market condition and triggers specific actions designed to maintain price stability while capturing value for the treasury.