Liquid4

00Abstract

Matter has four states, and so does every node in this network. $4 is a 21,000,000 fixed-supply token in which the fungible balance and a non-fungible node collection are the same asset. Hold 600 and a node condenses into your wallet as Solid, Liquid, Gas or Plasma, decided by its seed and drawn entirely by the contract. Every node earns a share of a 3% swap fee, paid in BNB, whether it is bonded or not. Bond it as well and it mines $4 from a reserve that halves every year. There is no mint page, no staking dApp to approve, and no image hosted anywhere off-chain.

01The hybrid

$4 is a DN404-style hybrid. The ERC-20 and the node ERC-721 are two views of one balance: your node count is your balance divided by 600. Cross 600 and a node appears; cross 1,200 and a second one does; fall below a line and the matching node dissolves. It happens inside the transfer, so there is never a separate transaction to send.

• The pool, the router and the token itself are flagged skipNFT, so liquidity never condenses nodes. Only real holders do.
• Reconciliation is bounded to 24 nodes per transfer. A balance change large enough to owe more than that leaves a backlog rather than reverting, and syncNodes(address, max) is permissionless so anyone can settle it.
• nodesPending(address) reports the outstanding backlog for any wallet.

02The four states

Each node's seed is keccak256(contract, id), fixed at mint. From it the renderer takes a state, a lattice and an energy level.

• Solid — a hexagonal prism on a fixed lattice, six shaded faces, spokes to the centre. Cold blues.
• Liquid — a droplet under surface tension with three ripple rings breathing beneath it. Cyan.
• Gas — sixteen translucent bodies drifting inside a dashed containment ring. Violet.
• Plasma — a white core throwing nine flickering filaments. Magenta, and the loudest of the four.

The four are close to evenly distributed because the seed is a hash. Within a state, the lattice (one of eight) and the energy (1–99) shift the palette and the structure, so two nodes of the same state still differ. A fifth trait, Bond, is the one you control. Full detail on the state guide.

03Halving emission

Of the 21,000,000 fixed supply, 20% seeds the pool. The other 80%, 16,800,000 $4, is an emission reserve held by the token itself and mined out to bonded nodes over 64 yearly halvings.

• The reserve emits at a base rate that halves every year, so early bonds mine the most.
• Each second of emission is split across bonded nodes by weight through a continuous magnified accumulator, exact to the wei.
• claimReward() collects at any time, and claiming can compound straight into more nodes.

04Bond & tenure

Bonding locks 600 $4 behind a node and starts its share of the emission. It also starts a tenure that raises its weight the longer it stays bonded.

• A bonded node starts at weight 100 and climbs to 250 over 90 days, so a fully tenured node mines 2.5× a fresh one.
• Unbonding returns the backing minus an 8% burn and retires the node.
• The art reads the bond immediately: a bonded node renders with a lit frame and shows LOCKED.

05Fee & BNB rewards

$4 trades against BNB in a PancakeSwap v2 pool. The token takes a 5% fee on buys and sells, collected in $4, batched, and swapped to BNB automatically once it passes a threshold. The BNB is then split:

• 3 of the 5 points go to node holders, paid in BNB and divided by node count. One node is one share.
• 2 of the 5 points go to the treasury.

This is a second, independent income stream from the $4 emission. Emission rewards only bonded nodes and pays in $4; the swap fee pays every node, free or bonded, and pays in BNB. A wallet holding six nodes earns six shares of it whether or not any of them are bonded.

Accounting uses a magnified accumulator, so distribution is O(1) per trade and exact to the wei no matter how many holders exist. Shares move the instant a node does: minting, burning, unbonding and transferring a node all adjust the sender and receiver in the same transaction, and a node minted after a distribution has no claim on it. Addresses flagged skipNFT — the pool, the router, the token itself — hold no nodes and therefore earn nothing, so the stream goes only to real holders.

Claiming is a pull: claimBNB() pays the caller and touches nobody else, so no transfer can be made expensive by the number of holders. Unclaimed BNB never expires. A trade costs the 5% plus PancakeSwap's own 0.25% and nothing else, and there is no hook or v4 dependency: everything lives in the token.

06Limits

Two caps are enforced on-chain from the moment trading opens, both sized against the 4,200,000 tranche that goes into the pool rather than against total supply:

• Max 10,500 $4 per buy — 0.25% of the pool tranche, so no single transaction sweeps the book.
• Max 84,000 $4 per wallet — 2% of the pool tranche, so no wallet corners the early float.

Both are adjustable by the owner through set_max and can be switched off entirely with set_limits(false) once the market settles.

07On-chain art

Every node is drawn on BNB Chain, never hosted. A single composer contract deploys its own two art modules from its constructor, so the whole renderer is one verifiable deploy. Output is animated SVG: crystals that hold still, droplets that ripple, clouds that drift, filaments that flicker. Because it is read from the chain rather than baked into a file, a node visibly changes the moment you bond it.

08Parameters & contracts

Contracts: Liquid4 (the token, the hybrid, the emission and the bond), Node (the ERC-721 mirror), and NodeRenderer (one contract that deploys its own two art modules). Everything above runs the moment you cross 600.