Sweepr aims to provide unprecedented value to the NFT market by using NFT-Fi to unlock the potential of billions of dollars in stagnant assets.

At the heart of the protocol is the SWEEPR token, whose central function is to simultaneously replenish Sweepr's coffers and incentivise users through a token tax derived from trading volume on DEX. To take full advantage of the protocol, SWEEPR holders are encouraged to provide SWEEPR/ETH liquidity, in which they can then bid to receive xSWEEPR.

The xSWEEPR token gives users control, allowing NFT communities to band together and vote in bi-weekly Sweepr acquisition bids as well as a chain-based ladder tournament known as The Floornament. In addition, xSWEEPR gives users the opportunity to receive a revenue share (distributed in ETH) and rewards for mining SWEEPR's liquidity.

Governance plays an integral role in fuelling the Sweepr flywheel and is the mechanism by which collections are selected for mining and used as liquidity. Utilising platforms such as NFTX, SudoSwap and Floor Protocol allows the project to provide liquidity to NFT and opens up opportunities for revenue generated through trading fees from these platforms. 60% of the revenue generated by NFT treasury liquidity is used to perpetually sweep the floor of the relevant fund. The remaining 40% is channelled back into treasury liquidity.