0xoldboy.base.eth
@0xoldboy
✅ Morse : The Mitosis sidekick Morse is Built on the innovative DN404 standard and introduces a new way of combining fungible and non-fungible assets in a seamless ecosystem. Let’s break it down. #mitosis #morse
1 reply
0 recast
1 reaction
0xoldboy.base.eth
@0xoldboy
🔬 What is DN404? DN404, or "Decentralized Nouns 404", is a hybrid token standard that merges ERC-20 and ERC-721 functionalities. This allows tokens to exist as both fungible assets and NFTs, unlocking new possibilities in blockchain applications ✍️Key features of DN404: ✅ Dual Nature: Functions as both an ERC-20 token and an ERC-721 NFT. ✅ Automated Minting: Every full DN404 unit (e.g., 1, 2, 3) mints an NFT. ✅ Burn Mechanism: If your DN404 balance drops below an integer, the latest NFT is burned.
0 reply
0 recast
1 reaction
0xoldboy.base.eth
@0xoldboy
🧠Why did Mitosis choose DN404 for Morse? The DN404 standard ensures dynamic NFT supply control, preventing inflation while maintaining scarcity. This hybrid model allows for greater liquidity while keeping NFTs tied to real utility. How DN404 works in Morse: 🔹 1 $MORSE = 1 NFT (Minted automatically at full unit balances) 🔹 If balance drops below an integer, the newest NFT is burned 🔥 🔹 Burned NFTs move to the back of the minting queue, making them harder to reclaim
0 reply
0 recast
0 reaction