A pivotal aspect of Nails Tech is our supplier relations, allowing us to sell items at large margins in our salon, directly impacting the $NAILS token's price and supply. Our commitment to obtaining cosmetic items and nail salon tools from Asia is bolstered by my extensive industry experience and strong ties with reliable suppliers.
Our goal: is to enhance throughput and profitability within the Nails Tech ecosystem. I have agreed to allocate 10% of the profits from these product sales, and split it strategically into the Nails Tech ecosystem. Half of this allocated profit fuels a 'buying back and burning' initiative, creating buying pressure and removing tokens from circulation causing mass deflation as each token becomes more valuable. The other half of the allocated profit is directed to our treasury, supporting the continual growth of our crypto ventures, influencer collaborations, and team expansion. This strategy encapsulates our drive to not just sell products but to strategically position and propel Nails Tech in both the beauty and crypto spheres. Looking ahead, we're taking a bold step with our Nail Tech app (currently in development), aiming to broaden our reach by selling directly to Nail technicians and their clients. This is a huge opportunity that has never been accomplished in this type of field but I'm confident with time, a strong community, and my knowledge we can make it happen.