MEME project is warming up, the new BC 404 protocol is leading the innovation trend

Recently, the crypto market has seen a slow rebound, and the MEME project has performed particularly well. For investors, this is an important opportunity to find potential projects and plan for the future. In this bull market, MEME has become a topic that cannot be ignored. Although part of the reason is that the high valuations of VC projects and unreasonable token distribution have forced funds to shift, the strong user base and consensus of MEME are also key factors in its popularity in the market.

Currently, the market mainly focuses on homogeneous MEME tokens, while there is relatively less attention on MEME in the form of NFTs. This is primarily due to the limitations of trading liquidity. However, in terms of value representation, MEME is widely spread precisely because of each "small image", and NFT versions of MEME play an important role in the ecosystem, but they lack a breakthrough opportunity.

Against this backdrop, the ERC 404 protocol has entered the sight of developers. This protocol, known as semi-fungible tokens, possesses the characteristics of both fungible and non-fungible tokens, allowing for splitting and merging. Based on this, an innovative project has further optimized and launched the BC 404 protocol, bringing new gameplay and application scenarios to the industry.

The core concept of this project is to "dye" homogeneous tokens, adding images and other community elements to MEME coins to enhance their dissemination and recognition, thereby facilitating MEME coins in gaining a larger user base and value. The conversion pool launched by the project allows users to convert homogeneous MEME tokens into semi-homogeneous tokens with NFT image attributes, achieving diverse gameplay such as display and trading similar to NFTs.

Technically, BC 404 adds curve model binding functionality on top of ERC 404, achieving dynamic control over the generation rate or quantity of tokens. This mechanism is similar to mining difficulty, making the generation difficulty of new NFTs increase over time, which enhances the scarcity and value of the tokens. Furthermore, the destruction of BC 404 NFTs produces deflationary attributes, further enhancing their uniqueness and value.

The project has recently established partnerships with several well-known institutions, such as Orbiter Finance and Pandora, to jointly expand the application range and scenarios. It has completed the conversion activity between PEPE and COLORPEPE, and launched a points airdrop feature. Although it currently does not have its own mainnet token, it provides users with opportunities for participation and potential benefits through various activities.

For users, participating in the conversion pool of this project incurs almost no additional minting costs, yet it may yield the overflow value of new NFT tokens. The project team is also actively empowering the converted tokens, providing holders with more potential value. Considering its innovation, user-friendliness, and future development potential, this project is worth ongoing attention and participation.