Ceto Swap
  • ABOUT
    • Introduction
    • Competitive Advantage
  • TOKENOMICS
    • Ecosystem Tokens
    • ERC-404 Token Standard
    • gCETO 404 Overview
    • gCETO 404 Mechanics
    • Buy/Sell gCETO404
    • gCETO 404 NFTs
    • NFT Marketplaces
    • Locking gCETO404
    • gCETO404 Rewards
  • FARMING
    • What is yield farming?
    • Farming Tutorial
  • dexVAULTS
    • Overview
      • Benefits
      • Creating and Publishing Vaults
      • Asset Deposits / Withdraws
      • Zap Deposits / Withdrawals
      • Fees
  • Bridge
    • How to bridge
  • AIRDROP
    • How to qualify
  • GET IN TOUCH
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  1. TOKENOMICS

gCETO 404 Overview

PreviousERC-404 Token StandardNextgCETO 404 Mechanics

Last updated 1 year ago

gCETO404 is a revolutionary mechanism that gives utility and value to $CETO. As the official governance token of Ceto Swap, gCETO404 represents a share of protocol revenue and voting rights to the protocol’s DAO. In addition to utility and governance, gCETO404 contributes to the buy pressure on $CETO while simultaneously providing deflationary measures through an intricate system of token burns.Driven by innovation, gCETO404 was built from the ground up and can be classified as an entirely new 404 standard. While the basic principles of providing fractional ownership and liquid markets for NFTs is still at its core, we’ve taken things to an entirely new level.

Key Features / Modifications:

  • Encrypted re-rolling of NFTs

  • Reflective taxation

  • Automated revenue distribution via NFT rarity

  • Multiple security bug patches

  • Making metadata consistency / removing rarity re-rolling

  • Gas efficiency refinements

  • Divisible wrapping/unwrapping commission structure

  • Anti-snipe mechanisms

  • Whitelisted farming