The mechanic

How the 404 works

ERC-404 is a hybrid standard: your balance trades as a fungible token, but every time it crosses a whole number, an NFT mints — and burns when you drop back below. On Stock404 that NFT is a Share Certificate. Fraction of a share = token. Whole share = certificate. Drag through the scenarios below to watch a balance mint and burn certificates in real time.

1.0$STOCK balance
Cross 1.0 ▲
1 Share Certificate mints automatically.
0.0
1.0
2.0
3.0
CERT
01

Own a fraction

Hold 0.4 $STOCK and it behaves like any fungible token — swap it, send it, LP it. Exactly like a fractional share sitting in a brokerage app.

0.4 → balance only, no NFT
02

Cross 1.0 → mint a Certificate

The instant your balance ticks over a whole number, a pixel-art Share Certificate NFT is minted to your wallet automatically. One whole share, one certificate.

1.0 → mint ◆ Certificate #NFT
03

Sell below → it burns

Drop back under the whole number and the certificate burns, folding straight back into a tradable fraction. Provable, on-chain, no paperwork.

0.9 → burn ✕ back to fraction