DN 404

DN404, as a new NFT standard, is a hybrid token type that combines both ERC-20 and ERC-721 features. This standard combines the functionality of two different token types under a single structure. DN404 enables NFTs to be divisible, meaning that it breaks an NFT into pieces, making it shareable between different holders. This has the potential to increase the liquidity and expand the accessibility of NFTs.

DN404 is designed to be fully compliant with the ERC-20 and ERC-721 standards. This means that transfers made on one side will be reflected on the other. This standard provides both fungible and non-fungible token functionality at the same time.

Therefore, DN404 collections have the characteristics of ERC-721 and ERC-20. However, since this standard is still in an experimental stage, users are advised to be careful when using such innovative blockchain technologies

DN404 Protocol Summary

1. Token and NFT Relationship:

   • Each NFT is associated with 1 Token.

   • Users can own 1 NFT for every full 1 Token they hold.

2. Token Usage:

   • DN404 Tokens can be used in decentralized exchanges (DEX) applications. These tokens can be used for swaps and adding liquidity.

   • Tokens serve as a "ticket" for users to acquire NFTs.

3. NFT Acquisition Process:

   • Users can acquire NFTs based on their total Token amount.

   • A user with 1 full Token can obtain 1 NFT. For example, a user with 0.8 Token cannot acquire 1 NFT. When they earn an additional 0.2 Token, making a total of 1 full Token, they can obtain 1 NFT.

   • The NFT obtained will be randomly selected from available NFTs. Each NFT is chosen from a queue, and the selection process is random.

4. NFT Distribution and Queue:

   • NFTs are distributed from a queue, and the NFT given is selected randomly.

   • When acquiring NFTs, users receive one of the NFTs from the queue, making each NFT obtained random and varied.