Welcome to the Future of Finance: Unleash the Power of Cryptocurrency
Exploring the Revolutionary Potential of ERC-404: Unleashing the Power of Hybrid Tokens on Ethereum
The Emergence of ERC-404 Token Standard in the Cryptocurrency Landscape
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
Ethereum ERC-404 Tokens Are The NEW Market Leaders
Unveiling the Emergence and Dominance of Ethereum ERC-404 Tokens in the Crypto Market
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The ERC-404 token standard has been gaining attention in the blockchain community as an experimental Ethereum standard that combines elements of ERC-20 and ERC-721 token standards. This hybrid token standard aims to introduce fractionalized NFTs and revolutionize token interoperability [3]. Let’s explore the latest developments and trends in the ERC-404 ecosystem.
Mr ERC-404
CEO, TOPERC404.COM
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