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Setter
@setter
On May 6th, we're excited to airdrop DN404 tokens to our testnet participants. But what exactly is a DN404 token?
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Setter
@setter
DN404 is a groundbreaking blockchain concept that merges ERC721 (NFTs) and ERC20 tokens into a single, innovative system. Here’s how it works on Setter:
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@setter
🔗 Dual Nature: DN404 links an ERC721 NFT with an ERC20 token. Owning the NFT means you also own a related amount of the ERC20 token, tightly coupling the two where actions on one impact the other.
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@setter
🔄 Interconnected Transactions: When you transfer the NFT, its associated ERC20 tokens are automatically sent to the same recipient, ensuring both assets always move together.
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@setter
🌐 Fractional Ownership: Unlike traditional NFTs, DN404 allows for the division of the linked ERC20 token, enabling fractional ownership and trading of the NFT’s value. *For every 100K $STR you hold, you automatically hold a Setter Pass NFT
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@setter
🔥 Dynamic NFT States: Transferring part of the ERC20 token leads to the original NFT being burned. Reacquiring the same amount can trigger the minting of a new NFT, adding a strategic element to ownership.
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@setter
🛠️ Compatibility: Designed for seamless integration, DN404 complies with existing ERC standards, making it compatible with DEXs, NFT marketplaces, and more.
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@setter
Stay tuned for our airdrop and join us on testnet exploring this cutting-edge technology! *Note to Crate holders, your crates will be redeemable for $STR. -This is the end of the thread.
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