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Notpump

Empowers communities to grow new ERC-404 (or DN-404) standard using fungible and non-fungible tokens, achieving bonding curve fulfillment

Notpump

Created At

Superhack 2024

Project Description

NotPump is an innovative protocol designed to revolutionize the NFT ecosystem by leveraging DN404 tokens, which build upon the advanced principles of the ERC-404 standard. This protocol addresses several key issues in the current NFT and token markets, such as liquidity challenges, fair token distribution, and the need for better investor insights.

How it's Made

DN404 and ERC404 Tokens: ERC-404, developed by the Pandora team, revolutionized NFT trading by merging ERC-20 tokens with NFTs to enable native fractionalization. However, the rise of ERC-404 was marred by high Ethereum transaction fees, leading to the development of DN404 as a more cost-effective alternative.

FairLaunch and Bonding Curves: Both ERC-404 and DN404 tokens use bonding curves to determine token prices in a decentralized manner, adjusting prices based on supply and demand. This creates a transparent, real-time pricing mechanism, ensuring continuous liquidity and fair distribution, much like automated market makers (AMMs) such as Uniswap.

Initial Future Offering (IFO): The IFO improves upon the Initial DEX Offering (IDO) by making tokens available on a perpetual DEX. This allows users to go long or short on tokens, providing deeper market insights and enhancing security.

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