FLOWCHART

Basic & Advanced Flowcharts

Terminologies:

1. tNoun: Tokenized Noun Contract(ERC721-tNouns)

2. fNoun: Fractional Noun Contract(ERC1155-fNouns)

Basic Flowchart:

Basic Flowchart

Flowchart:

User Flow

User Interactions with Noun Contract

1. Options for Noun Holders:

   1. Borrow Base for at least 1 year.

   2. Tokenize the Noun for community members.

   3. Fractionalize the Noun into up to 250 fractional Nouns (fNouns).

Note: All contracts use the same token IDs for tNoun (ERC721) and fNoun (ERC1155) as the original Noun. This ensures a unique and seamless experience without confusion.

User Interaction with Noun & EAS Resolver Contracts

1. Tokenizing a Noun:

   1. Approval: User approves the tNoun Contract for secure transfer.

   2. Tokenization:

      • The user interacts with the tNoun Contract to tokenize the Noun.

      • Upon approval, the user receives a tNoun (ERC721 token) for reference.

      • The NounShards use the Ethereum Attestation Service (EAS) to attest data on the Base chain, ensuring full on-chain data.

      • Before attesting, the user sets limits for Fractional Nouns:

        • Price per fNoun.

        • End timestamp.

        • Number of sub-nouns (up to 250).

        • Required schema details on Base.

Interaction with the Resolver Contract:

1. Approval & Attestation:

   • After approval and attestation, the Noun is locked with the tNoun Contract for at least 1 year.

   • The user is minted a tNoun token for future reference and a part of the fNoun token.

2. Token Minting:

   • The user receives two tokens: tNoun (transferrable) and fNoun (non-transferrable, similar to Soul-Bound Tokens).

Other Users Interacting with fNoun Contract

Purchasing fNoun Tokens:

1. Buying fNouns:

   • Users can buy fNoun tokens by paying the amount defined by the tNoun holder. These fNouns are Soul-Bound Tokens(non-transferrable) for Community Engagement.

   • The limit is set by the Noun holder (e.g., if the Noun is divided into 10 parts, only 10 fNouns can be purchased).

2. Minting fNouns:

   • Users who pay with Base receive fNoun tokens, which contribute to community growth.

   • Users know the expiration of their fNoun and can reclaim 50% to 80% of their deposited amount.

tNoun Holder Withdrawals:

1. Utilizing End Timestamps:

   • The tNoun Contract uses the end timestamp of fNouns for withdrawals.

   • Users pay Base, collected from fNoun mintings.

2. Token Burning:

   • tNoun and fNouns are burned, and up to 80% of Base is distributed to fNoun holders (20% is used for application fees).

Noun Withdrawal

Process:

1. Burning Tokens:

   • After burning tNoun and fNoun tokens, the actual Noun is transferred to the tNoun owner.

2. Unlocking Noun:

   • The Noun is unlocked and transferred to the user.

   • The tNoun Contract uses the actual Noun Contract for a successful transfer.

Summary

This entire flow is fully on-chain, utilizing the Ethereum Attestation Service (EAS), Coinbase on-chain verifications, and the Noun, tNoun, and fNoun Contracts to ensure smooth and secure operations.