🐺What is $WOLF
The Hybrid NFT of Wolfswap
Last updated
The Hybrid NFT of Wolfswap
Last updated
ERC-404: Hybrid NFT-Token Framework
ERC-404 represents an innovative approach to token and NFT technology, enabling the creation of a hybrid asset type known as "$WOLF." This hybrid token combines the fungibility and tradability of a standard ERC-20 token with the uniqueness and collectible nature of an NFT, creating a novel "NFT-token" hybrid.
How ERC-404 Works
Dual Trading Capability: ERC-404 tokens, specifically $WOLF, are designed to be tradeable on both decentralized exchanges (DEXs) and NFT marketplaces. This dual tradability allows users to interact with $WOLF as they would with traditional tokens while also providing access to the benefits associated with NFTs.
Pairing and Acquisition: Users can purchase $WOLF on the Wolfswap platform using either $MOON or $CRO tokens, with the primary trading pair being $MOON/$WOLF. This enables familiar ERC-20 trading mechanics while integrating NFT functionality.
NFT Entitlement Based on Full Token Ownership:
Full Token Acquisition (1 $WOLF): Users who purchase a full $WOLF token (1 unit) receive an associated NFT, which may confer additional utility, access, or collectible value.
Partial Token Ownership (0.5 $WOLF): Users acquiring less than one full $WOLF token (e.g., 0.5) do not receive the NFT immediately. However, if the user subsequently acquires an additional 0.5 $WOLF (reaching a full 1 $WOLF holding), they then qualify to receive the associated NFT.
Legal Considerations and Disclaimers
Token and NFT Nature: $WOLF, as an ERC-404 token, combines features of both fungible tokens and NFTs. This hybrid structure should not be interpreted as an investment vehicle, financial product, or security. The NFT and token components are offered solely for platform engagement and utility within the Wolfswap ecosystem.
Eligibility for NFTs: The NFT is issued only upon holding a complete 1 $WOLF token. Users should note that acquiring partial $WOLF tokens does not entitle them to the NFT until their holdings total 1 $WOLF.
Trade and Access Rights: Holding $WOLF does not automatically imply additional rights beyond those associated with the token’s use on Wolfswap and eligible NFT marketplaces. All transactions are at users' discretion and risk.
Risk and Volatility: Users are advised to understand the hybrid nature of ERC-404 assets and recognize potential market risks associated with DEX and NFT marketplace trading. Wolfswap disclaims any financial or investment advice related to acquiring or holding $WOLF.
