# XYXYX

### Overview

XYXYX are 128 ERC-404 tokens.

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### Utility

#### Xyxyx Issuer Nodes (XINs)

[Xyxyx Issuer Nodes (XINs)](#xyxyx-issuer-nodes-xins) are incorporated via XYXYX, enabling node operators to be the only entities allowed to execute deployments on the Xyxyx Launchpad. Additionally, XIN operators have access to the Xyxyx API.

#### Governance

XYXYX tokenholders manage the Xyxyx Protocol via [Xyxyx DAO](https://docs.xyxyx.pro/protocol/governance).

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### Key Features

#### ERC-20-and-ERC-721-Compliant

Built upon the ERC-404 standard, XYXYX comprises features of both ERC-20 and ERC-721 standards.

#### Fractionalization

XYXYX has 18 decimals, meaning that the token can be subdivided into fractions of up to 0.000000000000000001 XYXYX.

#### Fully On-Chain

XYXYX is executed and stored entirely on-chain. Every 1 full XYXYX is embodied through a Base64-encoded SVG output that is embedded in the token metadata and stored on the blockchain.

#### Built-In Hash Function

The XYXYX smart contract introduces a built-in token-ID-based hash function called [XYHASH](https://docs.xyxyx.pro/protocol/xyxyx/xyhash), which cryptographically ensures the visual uniqueness of each token.