We're excited to highlight the first DN404 project built on Morph: Koala_404 - built during the Mini-HackerHouse event! ERC-404 merges ERC-20 and ERC-721 standards, enabling seamless exchange between non-fungible tokens (NFTs) and tokens. This innovation offers liquidity and fractionalization, allowing NFTs to be traded like tokens. It's a game-changer, especially for projects like BAYC and PudgyPenguins, as it enhances accessibility to expensive NFTs. We're thrilled to support further innovations like Koala_404!
Phase I:
On-chain staking: Formulate different numbers of NFT types as a basis for rarity classification. Users can pledge NFT and reserve 5% of tokens according to rarity and pledge duration within 200,000 blocks after the project goes online. Airdrop, stake to obtain points after 200,000 blocks.
Phase II:
Stay tuned...
DN-404 是一项将 ERC-20（同质化代币）和 ERC-721（非同质化代币 NFT）结合的标准，使得 NFT 和代币可以互相转换，拥有流动性和碎片化特性。
简单来说，这一协议让 NFT 就像代币一样可以被分割和交易，就像将一幅画分割成多个部分，使得多人可以共同拥有这幅画的一部分。一些知名的 NFT 项目，如 BAYC和PudgyPenguins等，由于价格过高，普通投资者望而却步，特别是那些拥有稀有属性的项目更是价格高得难以流通。因此，DN-404 的提出对于这些缺乏流动性的 NFT 项目来说是一项重大改进，使得这些昂贵的 NFT 可以在主流交易市场上被分割和交易，就像购买同质化代币资产一样方便
第一阶段：链上质押：制定不同数量的nft的type,作为稀有度等级划分依据，用户可将nft质押，预留5%的token,在项目上线后的200000个区块内，根据稀有度和质押时长进行空投，200000个区块后质押获取积分。
第二阶段：敬请期待