ERC404
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The price of #Pandora , an #ERC404 token, has surged to over $20,000, marking a significant milestone in its valuation.
In the last 24 hours, a notable whale invested 395 ETH, equivalent to approximately $958,000, to purchase 67.2 Pandora tokens at an average price of $14,296.
For those interested, the address associated with this transaction can be found here: 0x4c05908d02467840c3bdb9c1848f3c13090eabdf.
In the last 24 hours, a notable whale invested 395 ETH, equivalent to approximately $958,000, to purchase 67.2 Pandora tokens at an average price of $14,296.
For those interested, the address associated with this transaction can be found here: 0x4c05908d02467840c3bdb9c1848f3c13090eabdf.
FIRST EVER ERC404 TOKEN $PANDORA JUMPS 12,000% IN ONE WEEK
- $PANDORA is the first token made via the newly introduced ERC-404 #Ethereum token standard.
- @Pandora_ERC404 surged from as low as $250 per token lasy week, to highs of as much as $32,000 this morning, equating to a nearly 130x gain.
- The token’s low supply of just 8,000 tokens is the cause behind $PANDORA’s staggering price per token.
- ERC-404 is a new unofficial token standard designed to allow additional functionality and interaction between fungible tokens and NFTs.
- Various other projects have sought to capitalize on $PANDORA’s success by airdropping their own tokens to holders of the asset, driving up demand for $PANDORA itself.
- Others, such as $CRYSTAL of @404_Crystal (which is hosted on $ARB) have looked to be the first ERC-404 token to launch on other networks outside of $ETH.
- According to Coindesk, exchanges @OKX and @Binance announcing support for such tokens in their respective wallet solutions, has added further credibility to the new ERC-404 standard.
#PANDORA #ERC404 #Write2Earn #TrendingTopic
- $PANDORA is the first token made via the newly introduced ERC-404 #Ethereum token standard.
- @Pandora_ERC404 surged from as low as $250 per token lasy week, to highs of as much as $32,000 this morning, equating to a nearly 130x gain.
- The token’s low supply of just 8,000 tokens is the cause behind $PANDORA’s staggering price per token.
- ERC-404 is a new unofficial token standard designed to allow additional functionality and interaction between fungible tokens and NFTs.
- Various other projects have sought to capitalize on $PANDORA’s success by airdropping their own tokens to holders of the asset, driving up demand for $PANDORA itself.
- Others, such as $CRYSTAL of @404_Crystal (which is hosted on $ARB) have looked to be the first ERC-404 token to launch on other networks outside of $ETH.
- According to Coindesk, exchanges @OKX and @Binance announcing support for such tokens in their respective wallet solutions, has added further credibility to the new ERC-404 standard.
#PANDORA #ERC404 #Write2Earn #TrendingTopic
This trader incurred significant losses while engaging in a transaction involving the #ERC404 token $NO, resulting in a loss of approximately 42.88 ETH ($113,672).
The details of the transaction are as follows:👇
Transaction Hash: 0x737af24cf58ccde66d5f5856f3aafa82a301b4d98c27556babdd398f943f0d67
Address:
0x31b47c9b70F6ed771457b99eD92585938e2C43cF
Despite the trader's attempt to make gains, the transaction ultimately resulted in a significant loss, highlighting the risks associated with trading in volatile markets.
#ETH
The details of the transaction are as follows:👇
Transaction Hash: 0x737af24cf58ccde66d5f5856f3aafa82a301b4d98c27556babdd398f943f0d67
Address:
0x31b47c9b70F6ed771457b99eD92585938e2C43cF
Despite the trader's attempt to make gains, the transaction ultimately resulted in a significant loss, highlighting the risks associated with trading in volatile markets.
#ETH
ERC404 is an experimental token standard built on the Ethereum blockchain that aims to combine the functionalities of ERC-20 tokens (fungible tokens) and ERC-721 tokens (non-fungible tokens, or NFTs) into a single standard.
#Write2Earn #TrendingTopic #ETH #nfts #ERC404 $BTC $ETH $BNB
#Write2Earn #TrendingTopic #ETH #nfts #ERC404 $BTC $ETH $BNB
MetFi is launching the Marine Moguls ERC-404 NFT Collection on BNB Smart Chain, combining ERC-20 and ERC-721 tokens for instant liquidity and fractional ownership, enhancing the user experience in the NFT space.
#metfi #HotTrends #NFT #ERC404
#metfi #HotTrends #NFT #ERC404
Surging Ethereum Gas Costs Reach 8-Month Peak as ERC-404 Demand Surges
- Introduction of ERC-404 standard brings forth "semi-fungible" NFTs, adding a new dimension to the NFT landscape.
- Ethereum gas fees experience an 8-month high attributed to the surge in popularity of ERC-404.
- Rapid decline in ERC-404 market cap, witnessing a significant 31% drop within a single day.
- Major tokens associated with ERC-404 also face a downturn, with some plummeting by as much as 31%.
- The sudden market decline raises questions about the potential for recovery in the near future or the possibility of a prolonged downturn.
As time progresses, the Ethereum ecosystem undergoes continuous evolution, marked by various innovations. One such recent addition is the experimental ERC-404 standard, which initially garnered significant attention and investment influx upon its launch. However, the excitement quickly turned into concern as the Ethereum network grappled with soaring gas fees, resulting in a downturn in the ERC-404 market.
So, what exactly is ERC-404, and why is its emergence causing strain on the Ethereum network? ERC-404 stands as a novel token standard, distinct from the popular ERC-20 and ERC-721 standards. While ERC-20 tokens maintain fungibility, and ERC-721 tokens introduce non-fungibility through NFTs, ERC-404 introduces a concept of "semi-fungibility," enabling NFTs to be subdivided into smaller, tradable units. This innovation, spearheaded by developers "ctrl" and "Acme," presents promising possibilities for NFT trading and storage.
However, the introduction of ERC-404 coincided with a surge in Ethereum network congestion, particularly evident in skyrocketing gas fees. This surge, reaching an eight-month high on February 9th, indicated a correlation with the ERC-404's popularity. The influx of traders seeking early access to this new standard likely contributed to the network congestion and subsequent fee escalation.
The rise and subsequent correction of the ERC-404 market exemplify the volatility inherent in cryptocurrency markets. Following its meteoric growth since the launch of the Pandora project, the ERC-404 market experienced a substantial decline, reflected in a 31% drop in total market capitalization. Major tokens within this niche, such as PANDORA, DEFROG, and RUG, also witnessed significant declines, indicative of a shift in investor sentiment towards bearishness.
Despite the current market downturn, there remains optimism within the blockchain community regarding the potential of ERC-404. Visionary founders, like Yash Dahekar of DODAS, highlight groundbreaking developments, such as the world's first Multichain ERC404 Indexer with API. Such advancements underscore the ongoing innovation within the blockchain space, despite the challenges posed by market volatility and network congestion.
It's essential to recognize the inherent risks associated with cryptocurrency investments and conduct thorough research before making financial decisions. While Voice of Crypto strives to provide accurate information, readers should exercise caution and make informed choices in navigating this dynamic and volatile market landscape.
#ERC404 #NFT #Ethereum #ETH #Crypto2024
$ETH
- Ethereum gas fees experience an 8-month high attributed to the surge in popularity of ERC-404.
- Rapid decline in ERC-404 market cap, witnessing a significant 31% drop within a single day.
- Major tokens associated with ERC-404 also face a downturn, with some plummeting by as much as 31%.
- The sudden market decline raises questions about the potential for recovery in the near future or the possibility of a prolonged downturn.
As time progresses, the Ethereum ecosystem undergoes continuous evolution, marked by various innovations. One such recent addition is the experimental ERC-404 standard, which initially garnered significant attention and investment influx upon its launch. However, the excitement quickly turned into concern as the Ethereum network grappled with soaring gas fees, resulting in a downturn in the ERC-404 market.
So, what exactly is ERC-404, and why is its emergence causing strain on the Ethereum network? ERC-404 stands as a novel token standard, distinct from the popular ERC-20 and ERC-721 standards. While ERC-20 tokens maintain fungibility, and ERC-721 tokens introduce non-fungibility through NFTs, ERC-404 introduces a concept of "semi-fungibility," enabling NFTs to be subdivided into smaller, tradable units. This innovation, spearheaded by developers "ctrl" and "Acme," presents promising possibilities for NFT trading and storage.
However, the introduction of ERC-404 coincided with a surge in Ethereum network congestion, particularly evident in skyrocketing gas fees. This surge, reaching an eight-month high on February 9th, indicated a correlation with the ERC-404's popularity. The influx of traders seeking early access to this new standard likely contributed to the network congestion and subsequent fee escalation.
The rise and subsequent correction of the ERC-404 market exemplify the volatility inherent in cryptocurrency markets. Following its meteoric growth since the launch of the Pandora project, the ERC-404 market experienced a substantial decline, reflected in a 31% drop in total market capitalization. Major tokens within this niche, such as PANDORA, DEFROG, and RUG, also witnessed significant declines, indicative of a shift in investor sentiment towards bearishness.
Despite the current market downturn, there remains optimism within the blockchain community regarding the potential of ERC-404. Visionary founders, like Yash Dahekar of DODAS, highlight groundbreaking developments, such as the world's first Multichain ERC404 Indexer with API. Such advancements underscore the ongoing innovation within the blockchain space, despite the challenges posed by market volatility and network congestion.
It's essential to recognize the inherent risks associated with cryptocurrency investments and conduct thorough research before making financial decisions. While Voice of Crypto strives to provide accurate information, readers should exercise caution and make informed choices in navigating this dynamic and volatile market landscape.
#ERC404 #NFT #Ethereum #ETH #Crypto2024
$ETH
The value of Pandora, the premier token conforming to the ERC404 standard, has surged to over $8,600.
Within a brief span of two days, another trader has garnered an impressive profit of approximately $1.2 million through their dealings with Pandora.
The trader initiated their investment by allocating 97,484 USDT to purchase 154 units of Pandora at a rate of $633 each, two days ago. Subsequently, just three hours prior, they capitalized on the appreciating value by selling 25 units of #Pandora for 188,695 USDT, at a price of $7,548 per token. This transaction yielded a profit of 91,211 USDT.
Presently, the trader maintains a holding of 129 Pandora tokens, valued at $1.1 million. Furthermore, the unrealized profit from this investment amounts to an equivalent $1.1 million.
Wallet Address:
0xbc150a00b9b48873fd6a6af7d6608fa1f481e814
$PANDORA #ERC404 #PANDORA
Within a brief span of two days, another trader has garnered an impressive profit of approximately $1.2 million through their dealings with Pandora.
The trader initiated their investment by allocating 97,484 USDT to purchase 154 units of Pandora at a rate of $633 each, two days ago. Subsequently, just three hours prior, they capitalized on the appreciating value by selling 25 units of #Pandora for 188,695 USDT, at a price of $7,548 per token. This transaction yielded a profit of 91,211 USDT.
Presently, the trader maintains a holding of 129 Pandora tokens, valued at $1.1 million. Furthermore, the unrealized profit from this investment amounts to an equivalent $1.1 million.
Wallet Address:
0xbc150a00b9b48873fd6a6af7d6608fa1f481e814
$PANDORA #ERC404 #PANDORA
LIVE
EyeOnChain
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Hausse
💰 PANDORA Token: From $189K to $1.42M in 2 Days! 🚀
A discerning trader invested $189,000 to purchase 187.68 units of the #PANDORA token (an #ERC404 token) at a rate of $1,007 each, two days prior. As of now, the value of this investment has surged to $1.42 million.
This remarkable increase translates to a profit of approximately $1.29 million within a mere two-day period.
Notably, the trader has chosen to retain their position and continues to #hold the tokens.
Wallet Address:
0xd92ec2123473e0e4099733b1e03405384aa1024d
$PANDORA
A discerning trader invested $189,000 to purchase 187.68 units of the #PANDORA token (an #ERC404 token) at a rate of $1,007 each, two days prior. As of now, the value of this investment has surged to $1.42 million.
This remarkable increase translates to a profit of approximately $1.29 million within a mere two-day period.
Notably, the trader has chosen to retain their position and continues to #hold the tokens.
Wallet Address:
0xd92ec2123473e0e4099733b1e03405384aa1024d
$PANDORA
#Write2Earn #TrendingTopic #ERC404 #NFT What is ERC 404? Is It Worth Investing In?
So, what is this new hype about? A new token standard in the market, ERC-404, is launched in February 2024! With interoperability, better operations, and improved use cases, this new standard is all set to rule the crypto space. A few developers recently sparked the Ethereum space with this new token standard.
As mentioned earlier, the Ethereum network has two significant token standards, ERC-20 and ERC-721. ERC-20 token standard is for fungible tokens, which function like digital cash. ERC-721 token standard is for the non-fungible tokens or NFTs. These two standards have operated in isolation, solving two different purposes. However, a group of developers decided to work on this system and change it!
In this new system, traders can buy and sell NFTs as usual or sell parts of them as tokens. Despite being an “ERC” token standard, it has to undergo the typical vetting process defined for all ERC standard tokens. The process includes submitting improvement proposals (EIPs) and requests for comment phase (ERC). It is done to ensure that Ethereum upgrades are thoroughly tested and reviewed by the community. Since it has to undergo the required quality check, it can be exploited by the bad players around. Let us see if it passes the quality check or not!
The emergence of ERC-404 has ushered in a mix of emotions by the traders. Being widely accepted in a very short period, ERC 404 is already seeing rivals! A comparable concept known as Divisible NFT (DN404) soon arrived, boasting a “revitalized” approach. Amidst the rivalry with DN404, the demand for streamlined coding to mitigate the rising transaction costs associated with ERC-404 is quite critical. It needs to beat it to overcome the challenge!
Despite the hurdles, the advent of these new tokens marks a pivotal moment in the NFT sector! However, due to its unofficial nature, many NFT platforms do not support it. The arrival of these tokens could lead to more unaudited token standards going to market too.$ETH
So, what is this new hype about? A new token standard in the market, ERC-404, is launched in February 2024! With interoperability, better operations, and improved use cases, this new standard is all set to rule the crypto space. A few developers recently sparked the Ethereum space with this new token standard.
As mentioned earlier, the Ethereum network has two significant token standards, ERC-20 and ERC-721. ERC-20 token standard is for fungible tokens, which function like digital cash. ERC-721 token standard is for the non-fungible tokens or NFTs. These two standards have operated in isolation, solving two different purposes. However, a group of developers decided to work on this system and change it!
In this new system, traders can buy and sell NFTs as usual or sell parts of them as tokens. Despite being an “ERC” token standard, it has to undergo the typical vetting process defined for all ERC standard tokens. The process includes submitting improvement proposals (EIPs) and requests for comment phase (ERC). It is done to ensure that Ethereum upgrades are thoroughly tested and reviewed by the community. Since it has to undergo the required quality check, it can be exploited by the bad players around. Let us see if it passes the quality check or not!
The emergence of ERC-404 has ushered in a mix of emotions by the traders. Being widely accepted in a very short period, ERC 404 is already seeing rivals! A comparable concept known as Divisible NFT (DN404) soon arrived, boasting a “revitalized” approach. Amidst the rivalry with DN404, the demand for streamlined coding to mitigate the rising transaction costs associated with ERC-404 is quite critical. It needs to beat it to overcome the challenge!
Despite the hurdles, the advent of these new tokens marks a pivotal moment in the NFT sector! However, due to its unofficial nature, many NFT platforms do not support it. The arrival of these tokens could lead to more unaudited token standards going to market too.$ETH
🔵 ¡Descubra #ERC404 en su billetera TokenPocket!
Con el auge de $PANDORA, el primer token creado según el estándar de token ERC404, ¡cada vez más usuarios notaron la tendencia #Pandora
Descubra #ERC404 en la página Market de TokenPocket, realice un seguimiento del precio del token en tiempo real y disfrute del servicio comercial integral en #TokenPocket .
#NFA
👉https://www.tokenpocket.pro/
$ETH
Con el auge de $PANDORA, el primer token creado según el estándar de token ERC404, ¡cada vez más usuarios notaron la tendencia #Pandora
Descubra #ERC404 en la página Market de TokenPocket, realice un seguimiento del precio del token en tiempo real y disfrute del servicio comercial integral en #TokenPocket .
#NFA
👉https://www.tokenpocket.pro/
$ETH
A smart trader spent $189K to buy 187.68 #PANDORA ( #ERC404 token) at $1,007 2 days ago, which is now worth $1.42M.
Making ~$1.23M in only 2 days!
#Write2Earn #RONIN #ENS
Making ~$1.23M in only 2 days!
#Write2Earn #RONIN #ENS
Ah, the regret of missed opportunities echoes through the halls of crypto history! 😭 But fear not, my friend, for the tides of fortune are ever-changing, and a new opportunity awaits on the horizon.
It's true, hindsight can be a brutal teacher, but let's not dwell on the past. Instead, let's focus on the present and the future! 💡 Here's your chance to seize the moment with the upgraded version of Ordi: erc404! 🚀 With its airdrop and pre-sale in full swing, there's still time to dive into the action and potentially ride the wave to astronomical gains!
Don't let fear of missing out (FOMO) hold you back this time. Take charge, grab your Ethereum wallet, and dive headfirst into the pre-sale action! 💰 Who knows, with a little luck and savvy investment, you could be cruising in that luxury car sooner than you think! 🏎️💨
So, what are you waiting for? Don't let this opportunity slip through your fingers like sands through an hourglass. Click that link, participate in the event, and let's embark on this crypto journey together! 🌟 #ToTheMoon 🌙 #ERC404 🚀
Follow | Like ❤️ | Quote 🔄 | Comment🙏
It's true, hindsight can be a brutal teacher, but let's not dwell on the past. Instead, let's focus on the present and the future! 💡 Here's your chance to seize the moment with the upgraded version of Ordi: erc404! 🚀 With its airdrop and pre-sale in full swing, there's still time to dive into the action and potentially ride the wave to astronomical gains!
Don't let fear of missing out (FOMO) hold you back this time. Take charge, grab your Ethereum wallet, and dive headfirst into the pre-sale action! 💰 Who knows, with a little luck and savvy investment, you could be cruising in that luxury car sooner than you think! 🏎️💨
So, what are you waiting for? Don't let this opportunity slip through your fingers like sands through an hourglass. Click that link, participate in the event, and let's embark on this crypto journey together! 🌟 #ToTheMoon 🌙 #ERC404 🚀
Follow | Like ❤️ | Quote 🔄 | Comment🙏
Investing 10,000$ on these coin⬇️ can make 100k$ .
Time period --> 1 months <--
Yes , Its not a click bait .u can do it too💸💰.
#BRC20 coin was recently hyped and many coin did 10-50x .
Now new narratives on market #ERC404
Only early buyer can make this . Only 6 coin . Just buy 3 of them . Put 3k$ each of them .
#Defrogs
#Npc
#pandora
Atleast your 10k will be 50,000$ 📈💰💰 .
🔶How to buy ?
Ans : Dex .
🔶hey Joe ! I never use dex . How can i do it ?
Ans : Buying help 👈click .
🔹How long it will take time ?
Ans : it can take 10days to 100days.
🔹"BsJoe , u think it will worth?"
Ans : see , i saw Brc20 did 50-100x . All i can say its high reward and high risk coin .
You know auction , ordi was that time pump because of brc20.
I am not going to miss this time erc404 narratives .
Thanks for reading 🤝.
Time period --> 1 months <--
Yes , Its not a click bait .u can do it too💸💰.
#BRC20 coin was recently hyped and many coin did 10-50x .
Now new narratives on market #ERC404
Only early buyer can make this . Only 6 coin . Just buy 3 of them . Put 3k$ each of them .
#Defrogs
#Npc
#pandora
Atleast your 10k will be 50,000$ 📈💰💰 .
🔶How to buy ?
Ans : Dex .
🔶hey Joe ! I never use dex . How can i do it ?
Ans : Buying help 👈click .
🔹How long it will take time ?
Ans : it can take 10days to 100days.
🔹"BsJoe , u think it will worth?"
Ans : see , i saw Brc20 did 50-100x . All i can say its high reward and high risk coin .
You know auction , ordi was that time pump because of brc20.
I am not going to miss this time erc404 narratives .
Thanks for reading 🤝.
Unlocking the Potential of ERC-404
Unlocking the Potential of ERC-404: A Leap Forward in Tokenization
What is ERC-404?
ERC-404 is an experimental token standard that aims to bridge fungible tokens and #NFTs to enable liquidity and fractionalization.
In the dynamic realm of blockchain innovation, the ERC-404 token standard emerges as a beacon of potential, sparking discussions on whether it's a revolutionary opportunity or a fleeting pump and dump. This experimental standard aims to seamlessly bridge fungible tokens and non-fungible tokens (NFTs), paving the way for enhanced liquidity and fractionalization.
Understanding ERC-404: A Bridge Between Fungible and Non-Fungible
At its core, ERC-404 represents a groundbreaking attempt to merge ERC-20 tokens and ERC-721 NFTs. The result is a hybrid token that possesses both the tradable qualities of a token and the uniqueness of an NFT. The simplicity of ERC-404 lies in its combination of an ERC-20 token with an NFT, creating a versatile asset with various functionalities.
Operational Dynamics of ERC-404: A Token with Dual Faces
The operational dynamics of ERC-404 are intriguing and offer a glimpse into its potential. If you hold less than one ERC-404, it functions as a standard ERC-20 token, tradable on platforms like Uniswap. In contrast, possessing more than one ERC-404 transforms it into a combination of an ERC-20 token and an NFT, making the NFT tradable on Opensea.
The flexibility of ERC-404 is further highlighted in its transactional operations:
- Holding 1 ERC-404 and selling 0.5 ERC-404 results in burning the associated NFT.
- Holding 0.5 ERC-404 and buying another 0.5 ERC-404 leads to the minting of a new NFT.
- Holding 1 ERC-404 and selling the NFT corresponds to selling the entire ERC-404.
Examples of ERC-404 Tokens: Navigating the Uncharted Territory
Venturing into the realm of ERC-404 tokens, a few notable examples have emerged:
1. PANDORA (Market Cap: $197.5 Million)
2. DEFROGS (Market Cap: $15.6 Million)
3. RUG (Market Cap: $2.82 Million)
4. TADPOLE (Market Cap: $1.49 Million)
However, it's crucial to emphasize that ERC-404 is an experimental token standard, lacking formal audits. The market capitalization of ERC-404 tokens remains relatively small, signaling high-risk potential. As a reminder, this information is not financial advice, and thorough research is paramount before making any investment decisions.
[ ERC404 ] - The Hybrid Token Standard: Navigating the Landscape
In the thread initiated by @degen, a comprehensive exploration of ERC-404 unfolds. This section focuses on the ERC404 Token Standard, delving into novel technological advancements and spotlighting pioneers such as Pandora and DeFrogs.
To delve into the historical roots of ERC-404, enthusiasts are directed to the insightful discussions by @Pandora_ERC404. For a more detailed analysis, @blocmatesdotcom offers a comprehensive write-up, shedding light on everything known about Pandora so far.
Acknowledging the early contributions of visionaries like , the narrative surrounding ERC-404 gains credibility. The insightful contributions of these early adopters are recognized, urging followers to stay informed.
Pandora - ERC404's Vanguard: An Exploration
Pandora, crafted by @maybectrlfreak alongside emerges as the first token/NFT built on ERC-404. This groundbreaking project comprises a collection of 10,000 NFTs known as Replicants. The essence of ERC-404 lies in its amalgamation of ERC20 tokens and ERC721 NFTs, setting it apart as both a token and an NFT appreciating in value.
The transformative nature of ERC-404 is vividly portrayed by the fact that NFTs can now be traded on centralized exchanges, ensuring unparalleled liquidity. The concept of fractional ownership of illiquid blue-chip NFTs, now tradable on Tier 1 CEX, opens avenues for a new economy, innovative ideas, and tools within the blockchain space.
Operational Insights into Pandora + ERC404: A Harmonious Ecosystem
Understanding how Pandora and ERC-404 function is essential for potential investors:
1. Buying:
- Utilize to navigate potential MEV issues.
- Purchasing Pandora from the Uniswap LP rewards you with a Pandora NFT, automatically minted to your wallet in whole units.
2. Selling:
- Selling your token into the Uniswap LP triggers the automatic burning of your NFT in your wallet. Selling the NFT preserves it, while the token departs with the NFT.
3. Transferring:
- Transferring your token to another wallet initiates a process where the NFT is burned, and a new one is minted – essentially re-rolling.
The tradable NFTs retain rarity, scarcity, and unique traits, providing a multifaceted market dynamic.
Predictions and Future Outlook: Navigating the Uncharted Territory
Drawing parallels with historical narratives, the trajectory of the ERC-404 narrative on Ethereum mirrors the patterns witnessed with innovations on Bitcoin. With Pandora leading the way, forming partnerships, and witnessing continuous developments, the ERC-404 narrative is poised for rapid ascension to the billion-dollar mark.
In the journey of ERC-404, the second token ever launched on this groundbreaking standard, the first-ever PFP on ERC-404, marks yet another milestone in the evolution of decentralized technology.
As enthusiasts navigate this uncharted territory, it's imperative to approach ERC-404 with caution, recognizing its experimental nature and the associated risks. As with any investment, thorough research remains paramount, and this information does not constitute financial advice. The unfolding narrative of ERC-404 invites participants to explore the potential of a transformative hybrid token standard in the blockchain space.
#ERC404 #Write2Earn #TrendingTopic #PANDORA
What is ERC-404?
ERC-404 is an experimental token standard that aims to bridge fungible tokens and #NFTs to enable liquidity and fractionalization.
In the dynamic realm of blockchain innovation, the ERC-404 token standard emerges as a beacon of potential, sparking discussions on whether it's a revolutionary opportunity or a fleeting pump and dump. This experimental standard aims to seamlessly bridge fungible tokens and non-fungible tokens (NFTs), paving the way for enhanced liquidity and fractionalization.
Understanding ERC-404: A Bridge Between Fungible and Non-Fungible
At its core, ERC-404 represents a groundbreaking attempt to merge ERC-20 tokens and ERC-721 NFTs. The result is a hybrid token that possesses both the tradable qualities of a token and the uniqueness of an NFT. The simplicity of ERC-404 lies in its combination of an ERC-20 token with an NFT, creating a versatile asset with various functionalities.
Operational Dynamics of ERC-404: A Token with Dual Faces
The operational dynamics of ERC-404 are intriguing and offer a glimpse into its potential. If you hold less than one ERC-404, it functions as a standard ERC-20 token, tradable on platforms like Uniswap. In contrast, possessing more than one ERC-404 transforms it into a combination of an ERC-20 token and an NFT, making the NFT tradable on Opensea.
The flexibility of ERC-404 is further highlighted in its transactional operations:
- Holding 1 ERC-404 and selling 0.5 ERC-404 results in burning the associated NFT.
- Holding 0.5 ERC-404 and buying another 0.5 ERC-404 leads to the minting of a new NFT.
- Holding 1 ERC-404 and selling the NFT corresponds to selling the entire ERC-404.
Examples of ERC-404 Tokens: Navigating the Uncharted Territory
Venturing into the realm of ERC-404 tokens, a few notable examples have emerged:
1. PANDORA (Market Cap: $197.5 Million)
2. DEFROGS (Market Cap: $15.6 Million)
3. RUG (Market Cap: $2.82 Million)
4. TADPOLE (Market Cap: $1.49 Million)
However, it's crucial to emphasize that ERC-404 is an experimental token standard, lacking formal audits. The market capitalization of ERC-404 tokens remains relatively small, signaling high-risk potential. As a reminder, this information is not financial advice, and thorough research is paramount before making any investment decisions.
[ ERC404 ] - The Hybrid Token Standard: Navigating the Landscape
In the thread initiated by @degen, a comprehensive exploration of ERC-404 unfolds. This section focuses on the ERC404 Token Standard, delving into novel technological advancements and spotlighting pioneers such as Pandora and DeFrogs.
To delve into the historical roots of ERC-404, enthusiasts are directed to the insightful discussions by @Pandora_ERC404. For a more detailed analysis, @blocmatesdotcom offers a comprehensive write-up, shedding light on everything known about Pandora so far.
Acknowledging the early contributions of visionaries like , the narrative surrounding ERC-404 gains credibility. The insightful contributions of these early adopters are recognized, urging followers to stay informed.
Pandora - ERC404's Vanguard: An Exploration
Pandora, crafted by @maybectrlfreak alongside emerges as the first token/NFT built on ERC-404. This groundbreaking project comprises a collection of 10,000 NFTs known as Replicants. The essence of ERC-404 lies in its amalgamation of ERC20 tokens and ERC721 NFTs, setting it apart as both a token and an NFT appreciating in value.
The transformative nature of ERC-404 is vividly portrayed by the fact that NFTs can now be traded on centralized exchanges, ensuring unparalleled liquidity. The concept of fractional ownership of illiquid blue-chip NFTs, now tradable on Tier 1 CEX, opens avenues for a new economy, innovative ideas, and tools within the blockchain space.
Operational Insights into Pandora + ERC404: A Harmonious Ecosystem
Understanding how Pandora and ERC-404 function is essential for potential investors:
1. Buying:
- Utilize to navigate potential MEV issues.
- Purchasing Pandora from the Uniswap LP rewards you with a Pandora NFT, automatically minted to your wallet in whole units.
2. Selling:
- Selling your token into the Uniswap LP triggers the automatic burning of your NFT in your wallet. Selling the NFT preserves it, while the token departs with the NFT.
3. Transferring:
- Transferring your token to another wallet initiates a process where the NFT is burned, and a new one is minted – essentially re-rolling.
The tradable NFTs retain rarity, scarcity, and unique traits, providing a multifaceted market dynamic.
Predictions and Future Outlook: Navigating the Uncharted Territory
Drawing parallels with historical narratives, the trajectory of the ERC-404 narrative on Ethereum mirrors the patterns witnessed with innovations on Bitcoin. With Pandora leading the way, forming partnerships, and witnessing continuous developments, the ERC-404 narrative is poised for rapid ascension to the billion-dollar mark.
In the journey of ERC-404, the second token ever launched on this groundbreaking standard, the first-ever PFP on ERC-404, marks yet another milestone in the evolution of decentralized technology.
As enthusiasts navigate this uncharted territory, it's imperative to approach ERC-404 with caution, recognizing its experimental nature and the associated risks. As with any investment, thorough research remains paramount, and this information does not constitute financial advice. The unfolding narrative of ERC-404 invites participants to explore the potential of a transformative hybrid token standard in the blockchain space.
#ERC404 #Write2Earn #TrendingTopic #PANDORA
- Data from Dune Analytics shows that the amount of staked Ethereum (ETH) on the Ethereum network has now exceeded 25% of the total ETH supply.
- This milestone comes almost a year after the Ethereum Shapella upgrade.
- The total supply of ETH has surpassed 30.1 million tokens, equivalent to approximately $73 billion.
- Despite the significant amount of staked ETH, the staking yield has dropped from 25% to below 4% over time.
#ERC404 #ETH
- This milestone comes almost a year after the Ethereum Shapella upgrade.
- The total supply of ETH has surpassed 30.1 million tokens, equivalent to approximately $73 billion.
- Despite the significant amount of staked ETH, the staking yield has dropped from 25% to below 4% over time.
#ERC404 #ETH
- Meme token SIMP, based on ERC404, has launched on Arbitrum.
- The token has seen a surge in value of up to 2000% since its launch.
- SIMP is a fair launch token created by the SimpDoge community, focused on Simp culture.
- The total supply of SIMP is 10,000 tokens, each corresponding to one NFT blind box.
- The SIMP community aims to improve NFT liquidity and Web3 community scalability.
#MemecoinMadness #ARB #ERC404
- The token has seen a surge in value of up to 2000% since its launch.
- SIMP is a fair launch token created by the SimpDoge community, focused on Simp culture.
- The total supply of SIMP is 10,000 tokens, each corresponding to one NFT blind box.
- The SIMP community aims to improve NFT liquidity and Web3 community scalability.
#MemecoinMadness #ARB #ERC404
