Welcome to the Future of Finance: Unleash the Power of Cryptocurrency

What is ERC404?

ERC404 is an experimental, mixed ERC20/ERC721 implementation with native liquidity and fractionalization [1]. It combines the fungible token standard (ERC20) and the non-fungible token standard (ERC721) into a hybrid design

How does ERC404 work?

When you buy a PANDORA token on Uniswap, you receive the token and a corresponding Pandora NFT The NFT is randomly generated from a mint contract and can have different rarities. Selling the PANDORA token on Uniswap burns the corresponding NFT in your wallet Both PANDORA tokens and Pandora NFTs can be bought and sold on platforms like Uniswap, OpenSea, and Blur

Rarities of Pandora NFTs

Pandora NFTs have different rarities associated with them The approximate distribution of rarities is as follows:

• Green boxes: approximately 39.45%
• Blue boxes: approximately 23.44%
• Purple boxes: approximately 19.53%
• Orange boxes: approximately 11.72%
• Red boxes: approximately 5.86%

FAQs about ERC404 and Pandora

• What happens if you buy 0.9 PANDORA? You will receive the tokens but not the NFT
• What happens if you buy 0.9 PANDORA and then 0.1, totaling 1 PANDORA? An NFT will be automatically minted into your wallet
• If you own multiple PANDORA tokens, how do you know which NFT you will sell? It is recommended to sell the Pandora NFT you don’t mind getting rid of first
• What happens if you transfer the NFT and not the token? Transferring the NFT does not affect anything

Importance of ERC404 and Pandora

ERC404 and Pandora are important because they offer a new approach to NFT financialization and increased liquidity [1]. The concept of ERC404 has captured the attention of industry experts and projects like Floor Protocol, Wasabi, Vector, and CFW [1]. It has the potential to revolutionize gaming, fractionalization, and financialization of NFT collections

Potential of ERC404 and Pandora

• The potential of ERC404 and Pandora is still uncertain, but it has generated significant excitement in the industry [1].
• It could have a significant impact on gaming, loot, and the NFT market [1].
• However, as with any new and unaudited project, there are risks involved, and caution is advised [1].