Core Features

Fractional Ownership

HRC-404 introduces the revolutionary concept of fractional ownership, allowing investors to own fractions of non-fungible tokens (NFTs). This feature democratizes access to high-value digital assets, enabling broader participation in NFT markets.

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Supply management

Should the HRC-404 token balance fall below one (e.g. 0.7), the corresponding NFT is burned, ensuring the proper balance.

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Token Minting and Burning

The token minting and burning mechanics of HRC-404 are pivotal in facilitating fractional ownership. When a full token is purchased, representing complete ownership of an NFT, the corresponding NFT is minted to the buyer’s wallet. Conversely, when fractions of a token are sold, the linked NFT is burned, ensuring the integrity of ownership records.

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Enhanced Liquidity and Trading

HRC-404 enhances liquidity in NFT markets by enabling fractional ownership. Investors can trade fractions of NFTs without requiring full ownership, thereby increasing market efficiency and lowering barriers to entry for smaller investors. This improved liquidity also supports the creation of new trading strategies and financial products centered around NFTs.

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Smart contract automated

Mints and burns are executed based on wallet balance without manual intervention.

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Review

The NFT ecosystem benefits significantly from the HRC-404 token specification. First, fractional ownership, which allows users to buy and sell smaller fractions of high-value assets, enhances both accessibility and liquidity for NFTs. By democratizing ownership of valuable digital assets and enabling portfolio diversification, this feature creates new investment opportunities.

Furthermore, the introduction of HRC-404 tokens could drive the broader adoption of NFTs beyond art and collectibles, expanding their use to real estate, gaming assets, and intellectual property rights. This could foster further innovation and market growth.