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!

Host /health-hive
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> And if maybe i have 2units and i sell 0.1 and it remains 1.9, im left with 1nft

yes this is how it works

Wait so if i own more than a unit, do i get more than one nft?

Like 2units= 2 nfts
3= 3nfts

And if maybe i have 2units and i sell 0.1 and it remains 1.9, im left with 1nft

Is this how it works
Or no matter the number of unit, just one NFT will be owned

“They’re weird, but they’re fun and I like them.”

thanks you just described me.

I'll make sure to watch the whole thing in few hours. 

Had to pause for some IRL stuff after the part were you was a bad employee😂

https://warpcast.com/mikedemarais.eth/0x73ba6bb4

so basically if i own more than a unit, i get more than 2 or more nft's?

1M $FAME = 1 Society NFT

WE are the historic female collection on the blockchain

https://fameladysociety.com

1 million $FAME = 1 Society NFT  @fameladysociety

Have thought for awhile a solid 404 would be the meme coin winner this cycle.

Watching.

We have these charts to help explain DN-404 for people that are visual learners. and talk more about it on the "dual-tokens" section of our site.
https://www.setter.co/dual-tokens

agree that mechanism is interesting but feel like most attempts so far have been uninspiring (standard pfp collections). what are your favorite 404 collections?

hey mike

how do you see DN-404 evolving in the current defi ecosystem?

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

So If I own a unit I get more than 1 nft right?