New Opportunities for the MEME Project: Innovation and Application of the BC 404 protocol

Recently, after experiencing a round of fluctuations, the crypto market is gradually welcoming a rebound. The MEME project stands out particularly, providing investors with a great opportunity to find potential projects. In this market cycle, MEME has become a focal point that cannot be ignored. Market funds have shifted from overvalued VC projects to MEME, creating the prosperity of MEME. However, the success of MEME is not only due to the flow of funds; its strong user base and consensus are also key factors.

Currently, the market mainly focuses on homogeneous MEME tokens, while there is less attention on NFT forms of MEME. Although NFT forms of MEME tokens have some limitations in trading liquidity, the widespread dissemination of MEME stems from these "small images" in terms of value representation. NFT version MEMEs play an important role in the ecosystem, but they lack a breakthrough opportunity.

In this context, the ERC 404 protocol has entered the developers' vision. ERC 404, known as a semi-fungible token, possesses characteristics of both fungible and non-fungible tokens, allowing for splitting and merging. Based on this, an innovative project further optimized this concept 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, which enhances their spread and recognizability, thereby benefiting MEME coins in gaining a larger user base and value. The project has launched a conversion pool, allowing users to convert homogeneous MEME tokens into BC 404 semi-homogeneous tokens with NFT image attributes, enabling display, trading, and other functions like NFTs. Users can also convert these BC 404 tokens back to the original homogeneous tokens, and the entire process remains unaffected.

Technically, BC 404 is an advanced version of ERC 404, which adds curve model binding functionality. This means that during the token generation process, the difficulty of generating each NFT will gradually increase, similar to a mining difficulty mechanism. This design increases the scarcity and value of the tokens, making new NFTs harder to generate than earlier ones. Additionally, the destruction of BC 404 NFTs will produce deflationary attributes, further enhancing their uniqueness and value.

The project has established partnerships with several well-known institutions, including some famous blockchain projects. It has completed the conversion activity of a certain well-known MEME coin to its corresponding BC 404 version, with a total supply of 42 million coins, of which 80% is generated in the conversion pool, the team does not retain any shares, and the remaining 20% is used for liquidity plans.

The project currently does not have its own mainnet token, but it launched a points airdrop feature in April this year. Participants have the opportunity to obtain IDO whitelist spots and priority access to the conversion pool. Additionally, the project has also launched an NFT airdrop event in partnership with collaborators, providing airdrops worth $50,000 to specific NFT holders.

From the actions of the project team, they are actively empowering the converted tokens, such as through airdrops and other activities. For users, the participation risk is relatively low, but there may be a high expected return.

Overall, this project does not create new MEME, but rather reprocesses existing MEME. Due to the characteristics of BC 404, participants have almost no additional minting costs, yet may gain overflow value from new NFT tokens. In a sense, this provides users with an almost risk-free participation opportunity. At the same time, many innovative gameplay may arise based on BC 404, which is significant for the activity level of the ecosystem. Considering the project team's willingness to empower the converted tokens and the potential for airdrop opportunities, this project is worth ongoing attention and participation.