ƒ-tokens

ƒ-Tokens - Fractional Ownership Tokens

The ƒ-tokens are the heart of the404.io's fractional ownership system, enabling users to own and trade fractions of high-value NFTs. These tokens are ERC-404 compliant, ensuring compatibility and ease of integration within the broader DeFi ecosystem. Each ƒ-token corresponds to a specific NFT collection, making it easier for users to invest in and trade pieces of their favorite NFTs.

Key Features of ƒ-Tokens

1. Fractional Ownership:

• Accessibility: ƒ-tokens allow users to own fractions of high-value NFTs, making premium digital assets accessible to a broader audience.

• Market Participation: By owning ƒ-tokens, users can participate in the value appreciation of high-value NFTs without needing to purchase the entire asset.

2. Liquidity and Trading:

• Increased Liquidity: ƒ-tokens can be traded on the404.io platform, providing liquidity for assets that would otherwise be difficult to trade.

• Pairs with $FOF: All ƒ-tokens are paired with $FOF for trading, ensuring a seamless and liquid market for fractionalized NFTs.

3. Specific Collection Representation:

• Unique Tokens: Each NFT collection has its own specific ƒ-token (e.g., $ƒBAYC for Bored Ape Yacht Club, $ƒAZUKI for Azuki), allowing targeted investment in specific collections.

• Indexed Value: The value of ƒ-tokens is indexed to the underlying NFT collection, providing a clear and transparent valuation.

4. Staking and Rewards:

• Earning Potential: Users can stake ƒ-tokens to earn rewards, incentivizing long-term holding and engagement with the platform.

• Liquidity Provision Rewards: By providing liquidity for ƒ-token trading pairs, users can earn additional $FOF tokens.

5. Governance Participation:

• Voting Rights: Holders of ƒ-tokens can participate in governance decisions related to the specific NFT collection, ensuring that the community has a voice in the management and development of the collection.

Utility and Use Cases

1. Investment and Trading:

• Diversified Investment: ƒ-tokens allow users to invest in fractions of multiple high-value NFTs, diversifying their portfolio and reducing risk.

• Ease of Trading: Trading ƒ-tokens on the404.io platform is straightforward, with transactions facilitated through $FOF pairs.

2. Access to Premium Collections:

• Exclusive Access: Users can gain exposure to exclusive and high-value NFT collections by owning ƒ-tokens, which would otherwise be financially inaccessible.

3. Staking and Yield Generation:

• Staking Rewards: Staking ƒ-tokens provides users with rewards, incentivizing long-term participation and enhancing the value proposition of fractional ownership.

• Yield Farming: Users can participate in yield farming by providing liquidity for ƒ-token trading pairs, earning additional $FOF tokens in return.

4. Governance and Community Involvement:

• Community Governance: ƒ-token holders can vote on proposals related to the specific NFT collections they own, fostering a community-driven approach to collection management.

Tokenomics

1. Total Supply:

• Dynamic Supply: The supply of ƒ-tokens is dynamic and based on the fractionalization of NFTs within each collection.

2. Allocation:

• Fractionalization: When an NFT is fractionalized, ƒ-tokens are minted and distributed to the NFT owner.

• Liquidity Pools: A portion of ƒ-tokens is allocated to liquidity pools to ensure market liquidity and facilitate trading.

3. Vesting Schedule:

• Collection Setup: Depending on the collection setup, 20% to 50% of ƒ-tokens allocated to NFT holders who place NFTs in the vault or own NFTs from a migrated collection will be automatically staked to ensure liquidity. The vesting period varies based on the collection setup.

• Immediate Liquidity: A portion of ƒ-tokens is immediately available for trading, providing instant liquidity on the404.io platform.