Understanding 404's
Community & Liquidity
DN404 introduces a smart contract solution to address NFT fractionalization, liquidity, and fungibility by linking ERC20 tokens with ERC721 NFTs.
Passengers4040 NFTs are linked to $PASS tokens, with 1 Passengers4040 NFT equal to 100,000 $PASS tokens.
Minting: Each minted Passengers4040 NFT earns the minting wallet 100,000 $PASS tokens.
NFT Trading: NFT transfers result in the sender's $PASS balance decreasing by 100,000 and the receiver's $PASS balance increasing by 100,000.
Token Swap/Trading:
Sender's $PASS balance reduces by the transfer amount. If the whole number part of the balance decreases, 1 NFT is burned for each whole number reduction, following a last in first out (LIFO) order.
Receiver's $PASS balance increases by the transfer amount. If the whole number part of the balance increases, 1 NFT is minted for each whole number increment, also following a LIFO order.
FAQs:
Q1. Do traits change when NFTs are burned or minted? A1.
Q2. How can I transfer tokens without losing my NFT?
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