# the problem
The pump.fun standard mints Token2022 tokens. Most NFT infrastructure on Solana — Metaplex, escrow programs, marketplace wrap contracts — was built for classic SPL Token. Token2022 support is partial at best. The result: there is no prebuilt NFT layer for a pump.fun token. You get a fungible $TOKEN on a bonding curve and nothing else. No scarcity tier, no onchain identity, no marketplace floor.
# the proposal
WRAPPED FOX adds a permissionless layer on top of $wFOX: lock 1,000,000 tokens, mint a Fox NFT. The 1M tokens stay locked in a vault PDA whose authority is derived from the NFT mint. Trade the Fox on Magic Eden / Tensor — the vault tokens follow atomically.
# why it works
- Forced scarcity. 1B / 1M = 1,000 foxes maximum. Hard cap, onchain enforced.
- Two-sided market. $wFOX trades on the bonding curve. WrappedFox NFTs trade on Magic Eden / Tensor with their own floor.
- Exit valve. Unwrap any time → 1M $wFOX back. The NFT floor can never fall below 1M $wFOX of intrinsic value.
- Permissionless. No whitelist, no allowlist, no team mint. Wrap is open the moment $wFOX goes live.
# why foxes
Foxes are fast, cunning, and iconic. They signal sharp moves, quick thinking, and a certain ruthless edge — exactly the energy of a top-1000 $wFOX holder. The collection's art makes each fox identifiable. Rare traits (fire coat, void eyes, halo) become status signals on social. The pack becomes a flex layer for $wFOX holders.
# what we are not
- Not a bridge. $wFOX is not wrapped SOL or wrapped ETH. It is its own token.
- Not a yield product. The vault holds tokens, it does not earn interest.
- Not centralized. No admin can pause, freeze, or seize a vault.
# tl;dr
1,000 Fox NFTs, each carrying 1,000,000 $wFOX in a vault that follows the NFT. Wrap any time, unwrap any time, onchain, permissionless. The art is yours, the floor is mathematically pinned, the supply is capped.