What is Arkto ?
The Native Fractionalization of our ERC-404 token is built into the smart contract itself, removing the need to rely on third party entities for NFT fractionalization. This mechanism enhances both the liquidity and accessibility of our market.
How do ERC-404 Tokens Work?
The significance of the ERC-404 token standard lies in its ability to introduce native fractionalization and liquidity to the NFT market. This not only opens up new avenues for asset management and trading but also fosters innovation and engagement within the digital asset ecosystem. By blending the advantages of ERC-20 and ERC-721 tokens, ERC-404 sets the stage for a more inclusive and dynamic digital asset landscape.
At its core, ERC-404 operates on a mint-and-burn mechanism that facilitates the fractional ownership and transfer of non-fungible tokens (NFTs). This mechanism allows for the division of NFTs into smaller, manageable pieces, thus democratizing access to valuable digital assets while also enhancing their liquidity in the market.
For instance, owning a fraction of an ERC-404 token linked to an NFT enables a form of shared ownership; Additionally, accumulating enough of these fractions to make a whole token leads to the minting of a new, complete NFT in the holder’s wallet.
How will we become the greatest burners around Berachain?
We will applying token tax on ERC-20 transactions , no room for jeets in Arkto . Tax collected will be used to burn $BERA and partnership’s project token in return they give Arkto Airdrop/Utility etc . Some % of tax collected will be used to Buy $HONEY give liquidity in the top most BGT yielding LP pools to get BGT rewards . Later the BGT will be utilized in various protocols of Berachain generating yield for us . This yield will be distributed to our NFT Stakers
Main Vision of Arkto:
The implications of ERC-404 tokens extend far beyond making NFTs more accessible. By integrating fractionalized NFTs into DeFi protocols, ERC-404 tokens unlock unprecedented financial applications. From lending and borrowing against NFT collateral to yield farming with NFTs, the many use cases of the ERC-404 token position it (along with Arkto!) at the forefront of blending the art world with financial markets. This synergy not only enriches the DeFi ecosystem but also opens up a new realm of investment strategies and opportunities previously unimaginable.
We are focused on integrating our NFTs into Berachain’s top DeFi protocols as much as possible. The synergy between our ERC-404 standard NFTs and the Protocols and Projects we are partnered with will create a stable flow of passive revenue to reward our NFT Stakers!
Note: NFT staking will be available only to those who have a complete $ARKTO token (equal to one full Arkto NFT) to incentivize our most dedicated token holders. Those who hold fractions of $ARKTO will be able to access our Discord, participate in our giveaways and events, as well as having access to early Alfas etc. Our hope is that you hold a complete NFT to get the passive income and benefits from staking!
$ARKTO Flywheel
Ways of obtaining our NFTs
- Through holding our Arkto Genesis NFT collection (Article on this will be coming thoon!)
- By swapping into one complete $ARKTO token through DEX’s: When a user swaps into one complete $ARKTO token, an NFT will be minted to their wallet.
- Bribessss…. (Information on this in Next Article)
- Votessss…. (Information on this in Next Article)
- Participating in our Pre-Sale Rounds.
Don’t have the funds to swap into an entire $ARKTO Token?
No worries! You can swap into a fraction of one using a DEX. ERC-404 was designed to create deeper liquidity for NFTs, allowing users to buy, swap and sell their tokens or NFTs without needing a secondary marketplace or vendor.
Utilities of $ARKTO:
- Staking to get a “ — — — — “ Token .
- Native liquidity: $ARKTO holders can sell their tokens or NFTs whenever they want, without waiting for anyone to buy them from a secondary Marketplace!
- Airdrop from our partner BeraBonk.
- Airdrop from our partner Bera Reserve
- Airdrop of $YEET to our NFT Stakers. We will be investing in Yeet NFTs, and the $YEET tokens and other rewards we receive from holding these NFTs will be used to reward our NFT Stakers ( Our First investment Strategy ). Very more exiting news coming thoon from YEET.
- Opportunities for Lending and Borrowing on our NFTs as well as our fungible tokens (NFT fractions) on Berachain.
- Enabling Options Trading with our NFTs and fungible tokens.
- Many More Incoming…
And this is only the beginning… We will be partnering up with more projects and protocols to give our NFT more value. There is so much more to come!!
Tokenomics of $ARKTO and more details on our project will be released thoon.
