Giuliano Giacaglia
@giu
“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
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Abubakar🎩
@bigbenz
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 ?
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
It depends on the requirements for that NFT to exist, the creator can make it 1 or more, like with Setter Passed you have to own 100k $STR to own 1 setter pass erc-721 if my balance falls below the minimum requirement the NFT is “404” not found/ gone.
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