The Tokenomics of ERC 404 might put something like http's error code 404 not found, for the projects termed as Ethereum Killers.
Understanding
What is Ethereum Killer?
Ethereum has made incredible contributions to the crypto world through its smart contracts like DeFi, NFT, SocialFi, GameFi, etc. This inspired many developers to design even better smart contracts, which resulted in the creation of fast, safe, affordable, and profitable projects to outperform Ethereum. Such projects earned the moniker Ethereum Killer.
Learning
How ERC404 challenges Ethereum Killers?
As we know, ERC404 is a hybrid of ERC20 and ERC721 standards, which may be used to create “Semi Fungible Token" that will simplify the division of ownership and improve liquidity when trading. Such a standard is not available in any existing Ethereum killer, so analysts have also introduced ERC-404 separately as a finest project.
How Strong is the Challenge?
A comprehensive debate of Ethereum research and the completion of the Ethereum Improvement Proposal (EIP) are prerequisites for an ERC. However, the full EIP/ERC standardisation process was not completed for the ERC404. Hence ERC404 is a non-standard that gives both strong and risky challenge to Ethereum killers, or as a non-standard ERC404 could be a new Ethereum killer?
