Advantages
Joint404 empowers devs and users alike
Security and Integration Standards:
Leveraging established standards such as ERC20 and ERC721, we inherit ecosystem compatibility and robust security. Devs can integrate with the extensive array of existing open-source contracts from OpenZeppelin and others, tapping into the wealth of possibilities within the decentralized finance ecosystem. Additional options such as governance or token lockers can rely on the same standard contracts as usual. Features such as transfer taxes and other novel tokenomics can also be accommodated in the Joint404 wrapping process.
Enhanced Utility:
Joint404 enriches existing projects, whether ERC20 tokens by imbuing them with the unique characteristics of ERC721 NFTs, or existing ERC721 assets by adding fungibility and liquidity, unlocking new avenues for utility, value, and engagement.
Minimal Gas Fees:
By performing 404 conversion checks only when interacting with the Joint404 contract explicitly, we minimize gas fees for users.
Flexibility:
The protocol accommodates various conversions and shuffle methods, including FIFO, FILO, VRF, and pseudorandom hashing, when selecting which NFT IDs from the pool to send to the user.
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