Welcome to this brief explanatory video about the DN-404 functionality of BONSAI.
(00:00:00 - Welcome) (00:00:08 - What is DN-404? ) (00:00:48 - Example) (00:02:08 - Outro)
So what exactly is DN-404?
It represents an experimental feature where an ERC20-Token-Contract and an ERC-721-NFT Contract are interconnected. This allows for seamless interaction between the two. In the case of BONSAI, 100,000 $BONSAI Tokens are equivalent to 1 NFT.
This means that once you have more than 100,000 BONSAI Tokens in your wallet, you automatically also have 1 NFT in your wallet. If your balance drops below 100,000, you lose the NFT. If you wish to transfer 100,000 BONSAI Tokens, you could simply transfer the NFT instead.
Example:
Website: bonsai.meme/ Bonsai on Lens: lenscan.io/profile/bonsai ERC-20 Token Contract: polygonscan.com/token/0x3d2bD0e15829AA5C362a4144FdF4A1112fa29B5c ERC-721 NFT Contract: polygonscan.com/token/0xe9d2fa815b95a9d087862a09079549f351dab9bd NFT Collection on Opensea: opensea.io/collection/bonsai-token Get BONSAI via Uniswap: app.uniswap.org/explore/tokens/polygon/0x3d2bd0e15829aa5c362a4144fdf4a1112fa29b5c?chain=polygon
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