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ERC404 blockchain game EGGX announces the launch of ERC404P protocol and open source

ERC404 blockchain game EGGX announces the launch of ERC404P protocol and open source

CointimeCointime2024/03/06 05:36
By:Cointime

ERC404 standard GameFi project EGGX announced the launch of ERC404P protocol, which aims to explore more possibilities of ERC404 and focuses on the Gamefi track.

ERC404P continues the idea of integrating tokens and coins, and provides optimization solutions for reducing GAS fees, NFT applications, and some practical extensions. The main features of ERC404P include:

1. Conversion algorithm: 1 NFT (ERC721) = 10000 tokens (ERC20);

2. Self-service conversion method: by transferring 10000n tokens to the token contract, n NFTs will be obtained, and the remaining tokens less than 10000 will be automatically refunded. By transferring NFTs to the token contract, 98% of tokens will be obtained, and the remaining 2% will be automatically transferred to the black hole address for destruction. The purpose of the destruction mechanism is to make NFTs with scarce properties more valuable, and to facilitate the economic model of blind box and collection gameplay;

3. When transferring tokens, GAS fees are reduced;

4. NFT ID is stored in the queue and reused, and the ID number will not increase continuously during casting, ensuring the scarcity of properties;

5. Part of IERC721Enumerable.sol interface has been implemented to provide convenience for DAPP development;

6. Simple Fair Mint can be achieved by transferring tokens to the token contract.

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