{"id":243316,"date":"2024-02-08T01:07:08","date_gmt":"2024-02-07T19:37:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=243316"},"modified":"2024-02-08T01:07:08","modified_gmt":"2024-02-07T19:37:08","slug":"experimental-erc-404-token-rockets-to-170m-market-cap-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/experimental-erc-404-token-rockets-to-170m-market-cap-crypto-news\/","title":{"rendered":"Experimental ERC-404 Token Rockets To $170M Market Cap – Crypto News"},"content":{"rendered":"

<\/p>\n

The new Ethereum token standard blends features of ERC-20 tokens and ERC-721 NFTs.<\/p>\n

\n

An experimental token standard, ERC-404, which combines the features of NFTs<\/a> and fungible tokens, is gaining momentum in the Ethereum<\/a> ecosystem.<\/p>\n

The first ERC-404 token to use this standard, Pandora, has spiked in value, currently trading for $16,600, a 5,000% increase since launching on Feb 2. According to DEXscreener<\/a>, Pandora has a $166M market capitalization.<\/p>\n

<\/p>\n

PANDORA Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

On Blur<\/a>, the NFT marketplace, Pandora tokens have a floor price of 7.45 ETH ($17,508), with more than 1,300 holders.<\/p>\n

<\/p>\n

The ERC-404 token standard offers a unique approach for projects interested in combining the easily tradable nature of ERC-20s and the non-fungible aspects of ERC-721s.<\/p>\n

According to Pandora\u2019s Github<\/a>, the experimental standard brings native liquidity and in-standard fractionalization.<\/p>\n

Pandora issues 10,000 ERC-20 tokens along with 10,000 \u201cReplicant\u201d NFTs. If a user purchases one full Pandora token, 1 Replicant NFT is automatically minted to their wallet. Conversely, if a user sells their Pandora token, the linked NFT is burned.<\/p>\n

Users have the choice of trading the token on decentralized exchanges like Uniswap or trading the NFT on popular marketplaces like Blur and OpenSea.<\/p>\n

Interestingly, the standard also includes a rarity component. Each time a Replicant NFT is minted, it appears with a rarity \u201cscore,\u201d with green being common and red signifying the rarest.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The new Ethereum token standard blends features of ERC-20 tokens and ERC-721 NFTs. An experimental token standard, ERC-404, which combines the features of NFTs and fungible tokens, is gaining momentum in the Ethereum ecosystem. The first ERC-404 token to use this standard, Pandora, has spiked in value, currently trading for $16,600, a 5,000% increase since […]<\/p>\n","protected":false},"author":2,"featured_media":243317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-243316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=243316"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243316\/revisions"}],"predecessor-version":[{"id":243319,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243316\/revisions\/243319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/243317"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=243316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=243316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=243316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}