# $PACK Protocol

$PACK Protocol is an open market for packs filled with exclusive rewards. 

Packs can contain arbitrary crypto assets as rewards - exclusive NFTs to ERC 20 tokens. A pack can be opened in exchange for one of its underlying rewards. The chances of receiving a particular reward depends on how rare the reward is.

Both packs and rewards can be airdropped to an audience, or sold on the market. A fixed percentage of pack and reward sales / resales is distributed to the pack's creator as royalties, and the protocol as fees.

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$PACK Protocol is in its beta phase. The smart contracts powering the protocol can be paused by the protocol admins upon discovering threats to the protocol or its participants.
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![](https://3276703226-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MdSPak5YQbbmBeLd2Zm%2F-MhURN58xlv9HZO7qV-G%2F-MhURRaBT0vf86o1qAIy%2Fpp-hero.png?alt=media\&token=857baa7a-8b77-4d74-9e3f-57f0b4565aa9)

This documentation aims to provide a detailed explanation of $PACK Protocol. To further discuss the protocol, provide feedback or ask questions, come hang out with us in the [NFT Labs discord](https://discord.gg/SBPmZnF7).