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The document discusses Fungi, the first ERC-20 token with native inscriptions. Each Fungi token amount has a unique seed containing data represented as a fungible and non-fungible art piece. A seed is generated on transactions and used to create a unique Fungi NFT attached to the wallet. Fungi can be stable, keeping the same art, or dynamic, changing on transactions.

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39 views

Whitepaper

The document discusses Fungi, the first ERC-20 token with native inscriptions. Each Fungi token amount has a unique seed containing data represented as a fungible and non-fungible art piece. A seed is generated on transactions and used to create a unique Fungi NFT attached to the wallet. Fungi can be stable, keeping the same art, or dynamic, changing on transactions.

Uploaded by

mayob65932
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Fungi: The first ERC-20i Token With Native Inscriptions

Todd Stool
ToddStool.eth

Abstract. 'Inscriptions' refer to data written into transactions.


Inscriptions can serve various purposes, including adding details to a
transaction, sending messages, or attaching documents or files. ERC-20
tokens with inscriptions can have additional data attached, making
each token unique and representing it as a piece of art, music, etc.

In the case of Fungi, each token amount has a unique seed containing
data represented as a fungible and non-fungible (at the same time) art
piece generated in real-time and hosted on the blockchain within a
single modified new ERC-20i token format.

Mechanics. A unique' seed' is generated on each buy, sell, or transfer


of $FUNGI, and a Fungi is created and attached to a wallet. Each Fungi
has six (from 0 to 5) unique levels of size, shape, and color. Each
level has its own metadata and its own color palette. The higher seed
will attach the higher level to the wallet address. Fungi can be
stable or dynamic.
Seeds are only integer numbers; decimals are not necessary. Integer
numbers are whole numbers. These can be numbers without fractions or
decimals like 1,2,3 and not 0.123 or 0.0123.

Dynamic means the Fungi will change its art and seed on each new buy/
sell or transfer. It’s possible to make it stable and keep it
unchanged.

Stable means the Fungi will not change when trading or receiving extra
tokens, however, it will change on selling or a partial transfer,
turning it back into a dynamic state. To make it stable and save a
unique seed and attached art, the owner must transfer the amount of
tokens that were attached to the initial seed wallet to another
wallet.

Example: Bob bought 15 tokens of $FUNGI and a unique art was generated
for him. He likes his Fungi and wants to send it to Alice so she can
keep it safe. To do so, he has to send 15 tokens in one transaction to
the wallet associated with Alice. Now Alice has Bob’s Fungi, and when
she buys tokens for herself, Bob’s Fungi is unaffected. Now Alice
holds 2 Fungis in her wallet: one is stable (Bob’s), and another is
dynamic and can change when Alice buys/sells or transfers tokens.
Note: When transferring tokens from one wallet to another, keep in
mind that the dynamic mushroom tokens are transferred first (before
those attached to the stable mushroom).

Seed. A seed is a unique number generated for a particular wallet on


any type of integer(whole) numbers transaction.

ERC20i. ERC20i simply stands for ERC20 with inscription data.


Inscriptions are encoded in the amount of the transfers of the token;
each transaction is parsed and determined by the system as a unique
seed number. That seed number is used to render image data.

The smart contract stores the shape coordinates, colors, and logic to
produce a final SVG image. Each image is unique, stored on-chain, and
generated in real-time based on a seed that equals the holder's $FUNGI
balance.

Each generated image has unique metadata attached to it, including:


● Background color
● Ground color
● Stem shape, stem color
● Cap shape, cap color
● Cap's pattern, if it exists, its color
● Level (from 0 to 5)

Colors are attached based on this logic: from many different colors on
the lowest to more defined colors on the higher levels.

Note: 0 level is called “spore.” Spores do not have a cap; they only
have a small stem.

Example: Bob bought 9,000,000 $FUNGI, and his seed equals 9000000. He
will get this metadata:

● Fungi level is 5
● Background Color #0f0c45
● Ground Color: #137d5a
● Stem Shape: 4
● Stem Color: #99ba5a
● Cap Shape: 3
● Cap Color: #974700
● Has Dots: no
● Dots Color: no

Generating an image based on 9000000 seed.

Creating a background layer, assigning a color, and then combining it


with a ground color.

Adding a stem layer and assigning a color.


Generating a final image: adding a cap to the previous layers and
assigning a color.

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