Precio de Pandora (PANDORA)

ERC404 Protocol: Ethereum's Sole Growth Engine in 2024

As of 2024, Ethereum's infrastructure development has been completed, but the ecosystem lacks innovation in new projects. Consequently, investors are not optimistic about Ethereum's performance in 2024. The only reason Ethereum's price could surpass Bitcoin's is the ERC404 protocol.

Features of the ERC404 Protocol

The ERC404 protocol integrates ERC20 and ERC721 protocols, possessing dual properties of NFTs and tokens. It facilitates conversion between tokens and NFTs.

ERC20 Protocol: Token protocol deployed on Ethereum smart contracts. All Meme tokens on Ethereum currently use the ERC20 protocol.

ERC721 Protocol: NFT fragmentation protocol. It enables the fragmentation of an NFT for trading in the NFT market as fragments.

The ERC20 protocol cannot provide liquidity for NFTs, so many community users utilize the name and personal influence of NFTs to issue tokens. The price fluctuations of these tokens do not affect the NFTs themselves. The ERC721 protocol can only trade specific NFT fragments, with very limited use cases.

Following the emergence of the ERC20 protocol, a new field known as NFTfi emerged, allowing for NFT lending. Additionally, NFTs can be converted between tokens, rendering the practice of individuals issuing coins in the name of NFTs meaningless. Communities with large numbers of Meme users can use ERC404 to convert Meme tokens into NFTs.

This grants NFTs the properties of tokens, significantly increasing liquidity, while Meme tokens acquire the properties of NFTs, leading to price increases.

Not only Meme tokens, but any Ethereum token can convert part of its tokens into NFTs using ERC404. Converting NFTs into tokens. When a user mints a very ordinary NFT, they can use ERC404 to convert the NFT into tokens and sell it on the exchange. Transaction speed is greatly accelerated.

In the current Ethereum ecosystem devoid of innovation, ERC404 changes the fate of tokens and NFTs, not only saving Ethereum but also restoring it to its peak.

What is the Pandora Token?

Pandora is the first token of ERC404. The ERC404 protocol is also called the Pandora protocol because the founder deployed an NFT using ERC404 after establishing the ERC404 protocol. To differentiate from the current Pandora lending protocol, the full name of this protocol is ERC404 Pandora Protocol.

The main feature of Pandora is that the vast majority of its NFTs and tokens are held by big whales, so the identity of the token holders is mostly very wealthy individuals in the industry or those with some influence. Although we don't know who they are, we can only see their wallet addresses, this is undoubtedly a very valuable Crypto Contacts List. The Pandora official statement says: Any project using the ERC404 protocol can reach out to Pandora and conduct airdrops to Pandora holders.

Many people know that famous tokens like SHIB were airdropped to Vitalik at the time, which led to market effects. BAYC NFT holders are all wealthy individuals, becoming a symbol of identity. Therefore, the identity of token/NFT holders affects the price trends of tokens/NFTs.

It can be predicted that with the use of the ERC404 protocol, whether or not airdrops will be made to Pandora wallet addresses, Pandora's price will rise.