# $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.

{% hint style="info" %}
$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.
{% endhint %}

![](/files/-MhURRaBT0vf86o1qAIy)

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). 


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