Introduction

ERC721ex combines NFT ownership with unique Community Coins, a Universal DAO, and ways to take back control of your NFTs on Ethereum. Unlocking new possibilities for all ERC-721s!

ERC721ex is an experimental protocol designed to breathe new life into dormant and underutilized NFT collections. By combining the unique attributes of NFTs (ERC-721) with a dynamic and secure ERC-20 coin economy, this hybrid model empowers NFT holders to create community coins and lead community-driven growth through Community Takeovers (CTOs), governance, and aligned incentives.

Built on the Ethereum blockchain, ERC721ex introduces innovative mechanisms to drive engagement, generate value and inject liquidity back into NFT ecosystems.

How It Works

1. Coin Creation and Fair Launch

   • All community coins on ERC721ex undergo a fair launch, with no presales or team allocations, ensuring every user can participate equally. Security protocols verify coin safety to protect users from scams.

   
2. NFT Ownership and Coin Access

   • Owning any ERC721 NFT provides access to ERC20 coin functions (minting, burning, governance voting) via Mintable. The first NFT holder can create a community coin via the ERC721ex Protocol's smart contracts, which are linked to the NFT collection’s size. Only one ERC721ex per ERC-721 collection ever. They will have an "e" in front of the NFT's symbol, such as 'eBAYC' for example.

3. Bonding Curve Dynamics

   • Coin prices adjust with demand, promoting fair pricing and scarcity. Once the bonding curve reaches 100% or the timer is activated, or the community votes to go live on Uniswap, liquidity is deposited in Uniswap along with 20% of the total supply of Community Coins. Users can get Community Coins in many ways, from the bonding curve, to claiming free coins for owning an NFT, to burning your NFTs, to voting, referrals, and more!

1. Trading and Engagement Features

• TrollBox: An interactive chat feature for community discussions.

• Boost: Users can expedite transactions by paying higher gas fees to make sure they get their transaction in first.

• Governance: Coin holders can vote on decisions, such as pool splits disabling claiming of Community Coins, and going live on Uniswap early before the bonding curve is at 100%.

1. Rewards and Participation

• Engage in multiple ways to earn rewards and maximize the value of your NFTs.

  • NFT-Based Referrals: Earn rewards by referring your community to trade on the platform using your NFT's token ID as the referral code - up to 2 referrals per NFT.

  • Earn Coins for Claiming or Burning: Unlock coin rewards simply by holding an NFT and claiming your allocation. For even greater rewards, burn your NFT to receive an increased number of tokens.

  • DAO Voting Rewards: Participate in governance by voting on key proposals within the Universal DAO and earn coin rewards for your contributions.

Many ways to take back control

• Community members share insights between themselves and can find the best way for their community. Whether it's a complete community take over, burning NFTs that were rugpulls, or claiming free coins - it's for you to decide!