404 Lite Paper
  • Introduction
  • Key Features
  • NFT Fractionalization
  • $FOF token
  • ƒ-tokens
  • Core Protocol Design
  • ERC-404 Standard
  • Liquidity Pools
  • Exchange
  • NFT Marketplace
  • Launchpad
  • Guidelines for NFT Collections
  • Guidelines for NFT Holders of Non-Partnered Collections
  • Guidelines for Stakeholders
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$FOF token

The $FOF token is the cornerstone of the404.io platform, designed to facilitate seamless trading and liquidity provision for all fractionalized NFT collections on the platform. Acting as the primary utility token, $FOF enables the buying, selling, and trading of fractionalized NFTs, making high-value digital assets more accessible and liquid. The $FOF token is designed to revolutionize the NFT market by facilitating fractional ownership and enhancing liquidity. With its robust features and strategic allocation, $FOF provides a compelling proposition for both investors and NFT enthusiasts, driving the future of fractionalized digital assets on the404.io platform.

Key Features of $FOF Token

1. Platform Utility:

  • Centralized Trading Token: $FOF serves as the main trading token for all transactions on the404.io. Users can only buy fractionalized NFT tokens ($ƒ-tokens) such as $ƒBAYC, $ƒAZUKI, etc., using $FOF.

  • Transaction Process: Even when users purchase $ƒ-tokens with other currencies like USDT or ETH, the backend process converts these currencies to $FOF before completing the transaction.

2. Liquidity Provision:

  • Liquidity Pools: $FOF is paired with various $ƒ-tokens in liquidity pools, ensuring that there is always liquidity available for trading fractionalized NFTs.

  • Incentives: Users providing liquidity to these pools are rewarded with additional $FOF tokens, encouraging active participation and maintaining liquidity.

3. Staking and Rewards:

  • Staking Opportunities: Holders of $FOF tokens can stake them to earn rewards, incentivizing long-term holding and participation.

  • Liquidity Rewards: Users who contribute to liquidity pools involving $FOF tokens receive attractive rewards, further enhancing the token's utility.

4. Governance and Voting:

  • Decentralized Governance: $FOF token holders can participate in governance decisions, voting on key aspects of the platform’s development and management.

  • Community Driven: The decentralized governance model ensures that the community has a say in the evolution of the platform.

Utility and Use Cases

1. Trading and Investment:

  • Market Participation: $FOF tokens facilitate trading of fractionalized NFTs, allowing users to participate in the NFT market without needing to buy entire NFTs.

  • Portfolio Diversification: Investors can use $FOF tokens to diversify their portfolios, reducing exposure to the volatility of individual NFTs.

2. Access to Premium NFTs:

  • Exclusive Collections: Fractional ownership via $ƒ-tokens allows users to invest in high-value and exclusive NFT collections that might otherwise be out of reach.

3. Staking and Yield Farming:

  • Earn Rewards: By staking $FOF tokens or providing liquidity, users can earn rewards in the form of additional tokens or other benefits, incentivizing active participation.

4. Governance Participation:

  • Voting Rights: Holders of $FOF tokens can vote on proposals and decisions that shape the future of the platform, ensuring a decentralized and community-driven approach.

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Last updated 8 months ago