Rainbow

󠀠Creature World

“I am a big fan of the DN 404 token standard as well. It's actually just ERC-404, but there's a more specific spec called DN-404. These are basically hybrid tokens that are both NFTs and ERC-20s at the same time.

And the NFT you get is random out of the one 100 items. And if you have one unit, right? If you sell 0.1 of your unit,  your NFT goes away. So basically the NFTs exist in your wallet when you own more than one whole unit of the token.

The benefit of it is that these tokens could be liquid and tradable on decentralized exchanges” @mikedemarais.eth 

https://www.youtube.com/watch?v=-OzLZPUh64Y

i explain wtf erc404 tokens in this interview just in time for the new /creatureworld erc404 mint on thursday!

If I understand this well, to sustain owning an NFT I just have to own more than 1 unit ??

Say if I have 2 units and I sell 0.2, I should still have my NFT right ?

But if I have 1 unit and I sell 0.1, I have 0.9 units left, and my NFT is all gone ? @mikedemarais.eth

Art enthusiast, passionate about mental growth, and an ever-learning individual

yep, that's how it works for ERC404s as long as token balance is >=1 you have an NFT as well!