Based on ERC404, the Pandora avatar NFT project was once popular, allowing users to trade NFTs on Uniswap. Due to the popularity of meme coins, ERC404 also launched the “ERC-404 Launchpad,” similar to meme coin issuance platforms like Pump Fun. With so many different meme coins on different chains, why not try ERC-404?
How does the Pandora avatar project use ERC404 to bring NFTs into the Uniswap trading pool?
ERC-404 Launchpad issues meme coins or more functions?
Benefits and drawbacks of binding Pandora NFT airdrops?
Pandora’s price surged nearly 60% in a single day.
ERC-404 Launchpad states that users can deploy their own ERC-404 token contracts, and the deployer can have complete control over the contract. And deployment is free, but with one condition: 95% of the tokens will be minted to the deployer, while 5% will be airdropped to existing Pandora NFT holders.
It can be expected that NFT or meme coin projects will be interested in the Pandora NFT community, essentially through its fair distribution, and then help bind to the Pandora NFT community to please some existing NFT players. This may be helpful for projects seeking to enhance community consensus or attract users outside the meme community.
However, assuming the ERC-404 Launchpad is to attract meme issuers, the fair distribution touted by meme coins (100% to the community) may be somewhat compromised.
The Pandora token operates on a similar NFT model, with a circulation of only 10,000, and once skyrocketed to over $30,000. However, after the hype subsided, it rapidly dropped to the thousands, and after this announcement, it rose again to around $6,000, with a nearly 60% increase in a single day. However, due to relatively low liquidity, there is a risk of price volatility.