Seeds leverages the DN404 standard to unlock the power of a co-joined ERC20 and ERC721 token pair, enabling the fungibility and liquidity of tokens paired with the creativity and non-fungible properties of NFTs.

There will initially only ever be 1,000,000,000 $SEED tokens and 8,000 Seed NFTs in existence.

DN404 and the Seeds contract are experimental and unaudited. Exercise caution when interacting with these smart contracts and tokens. Research thoroughly and understand all risks before participating.

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How does DN404 work?

DN404 is an innovative token standard that combines two types of tokens into one unified, interconnected system of smart contracts:

  1. ERC20 contract that handles the fungible token functionality for $SEED
  2. An ERC721 contract that handles the NFT functionality for Seed NFTs

When you interact with either contract, the changes are automatically reflected in both. For example:

  • If you acquire enough ERC20 tokens to reach a certain threshold (125,000 $SEED in the case of Seeds), you’ll automatically receive an NFT
  • If you sell your ERC20 tokens and drop below that threshold, your most recently acquired NFT will be burned
  • When transferring an NFT directly, both the NFT and the corresponding amount of ERC20 tokens (125,000 $SEED) are transferred together, preserving the NFT’s unique ID

This creates a seamless system where you can freely trade fractional amounts through the ERC20 token while still maintaining ownership of NFTs when holding above the threshold amount.

Example: Every 125,000 $SEED tokens automatically mints 1 Seed NFT (eg. 125,000 $SEED = 1 Seed NFT, 250,000 $SEED = 2 Seed NFTs, etc.). If you sell your tokens below the threshold for an NFT, your most recently acquired NFT will be automatically burned.

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Why does DN404 matter?

  • Token Interoperability - DN404 enables seamless interaction between different token standards, creating a bridge between traditional ERC20 tokens and NFTs. This dual-nature approach opens new possibilities for asset representation and trading.
  • Protocol Integration - DN404’s compatibility with existing token standards allows for seamless integration across DeFi protocols and NFT marketplaces, enhancing liquidity and trading opportunities for holders.
  • Native Fractionalization - Unlike traditional NFTs which can only be traded as whole units, DN404 tokens can be divided and traded in fractional amounts, similar to ERC-20 tokens, making high-value assets more accessible to a broader range of investors.
  • Unified Tokenomics - DN404 maintains unified liquidity for both the ERC20 and ERC721, allowing for greater sinks and value accrual within the same token rather than fragmneting it across multiple tokens that are not natively linked.

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Why not ERC20 or ERC721?

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ERC20

ERC20 tokens are great for fungibility, liquidity, and general-purpose transactions, but they can’t represent unique or indivisible digital assets like NFTs. While ERC20s excel in trading and liquidity, they fall short in scenarios that require ownership of one-of-a-kind items or assets with distinct properties. DN404 combines the benefits of ERC20 with the creativity and uniqueness of ERC721, offering both fungibility and individuality in a unified system.

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ERC721

ERC721 tokens excel at representing unique digital assets but lack liquidity and fractionalization. NFTs are indivisible, making it difficult to trade them in smaller denominations or integrate them into DeFi protocols. DN404 solves this by pairing ERC721’s unique properties with ERC20’s liquidity, allowing for fractional ownership and seamless trading while preserving the distinct characteristics of NFTs.

Feature / CompatibilityERC-20ERC-721DN404
Fractionalization✅❌✅
NFT Protocol Interoperability❌✅✅
Native Liquidity✅❌✅
ERC20 Protocol Interoperability✅❌✅
Non-fungible Properties❌✅✅

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FAQ

TokenomicsRoadmap