laxaJien

1/ ERC404 > (ERC20 + ERC721)

ERC404 allows for developers to leverage ERC20/ 721 standards to their fullest, in 1 contract - with less gas fees ⛽️

We’ve implemented a dual-token ERC404 system for miner rewards ($AXES & $GOLD) that defines yield rates, based on NFT rarity.

2/ Wtf are $AXES

$AXES are our native ERC404 token, paired @ 100:1 PICKAXES. Both are used to mine $GOLD.

👉 Every 100 $AXES you have, you get 1 PICKAXE (same contract)

There are 4 different PICKAXE rarities yielding higher % returns

3/ Market arbitrage on $AXES/ PICKAXES

PICKAXES can be bought via OTC markets (x2y2).

Users tend to list NFT’s @ different rates, allowing arbitragers to come in and equilibrate PICKAXES/ $AXES price to real market value ⚖️

4/ GameFi’d referral incentives 🎰

Users can generate their own (uncensored) links on our Dapp.

10% of all deposits, coming from a users link, is paid instantly to the link creator 🤯

5/ Conclusion

BaseCraft encompasses ERC404, combined with GameFi’d social aspects and a fully functional dual token system:

To create Base’s first - truly Based market economy.