âī¸Learn How Yakuza NFT Works
Last updated
Last updated
The CW404 token standard is a hybrid token standard that combines both CW20 (fungible token) and CW721 (NFT). Please refer to the infographic below to understand how CW404 works.
CW404 helps to provide various benefits to the standard NFT:
Accessible liquidity: buyers and sellers can easily trade with the Liquidity Pool to buy or sell a CW404 anytime, without having to match with a specific counterparty.
Flexibility in exposure: buyers and sellers can own fractionalized amount of CW404 - allowing flexibility for buyers and sellers to have any specific exposure to the CW404 asset.
Re-roll function: as a result of frequent mints and burns of the NFT, this allows the NFT to be re-rollable, creating a new paradigm for owners of the CW404 collection
Users need to hold at least 1.0 $YKZ for an NFT to be minted.
Other than the buyers who participated in the TGE Mint Pad of Yakuza, users will have to buy at least 0.5 $YKZ from our official Liquidity Pool on DojoSwap in order for the NFT to be assigned a valid Yakuza Art Image.
To better understand how the Yakuza NFT will behave during different scenarios, please refer to below information.