jakiro
Interpretation
PandoraIt is the NFT fragmentation project launched on February 2, and its core technology is ERC404 tokens.Users can purchase the same name to the UNISWAP V3 to obtain ERC404 tokens, which is equivalent to fragmented holding its NFT -Pandora Replicants. In addition, you can also buy Pandora Replicants directly on OpenSea.At present, Pandora’s currency price is $ 2,375.76, with a trading volume of US $ 5.365 million; Pandora Replicants trading volume is 48 ETH.
At the time of this article, the price of $ pandora is 2376
Basic introduction
team:PandoraDeveloped by anonymous team, the number of team members is unknown.I can find it from public information3Open developmentAcmeAs well asctrlandSearnEssenceAcmeyesPandoraProjectGithub[1]Operator, from his social account[2]Look at him isCoinbaseEngineer.Another developer net namectrl[3],yesSyndicateOne of the investors, he operates himselfWeb3Community.Another developerSearn[4]There are few public information.
funds:PandoraThe project has not disclosed financing information.
Business mechanism
Fragmentation mechanism
PandoraOneNFTThe core of fragmented projects isERC404Token standard, this is a kind of inERC20andERC721Testing token standards between them.ERC404Tokens can beUniswapWait for the platform to trade, similar to homogeneity.at the same time,1DimeERC404TokenCan correspond1DimeNFT(Referred toReplicant nftTo.The mathematical relationship between them is as follows:
NReplicant nft= [nERC404]
inNReplicant nftexpressReplicant nftThe quantity,NERC404expressERC404The number of tokens,[N]It means that it is not greater than the maximum integer.
Simply put, you can hold a whole token to hold oneNFTEssenceFor example, user holding0.5High tokens, he has0indivualNFT; User hold1High tokens, he has1indivualNFT; User hold1.5High tokens, he has1indivualNFT; User hold2High tokens, he has2indivualNFT; User hold2.5High tokens, he has2indivualNFT, And so on.
existPandoraIn the project, itERC404Token isPandoraItsReplicant nftyesPandora replicantsEssenceUsers can first be inUniswap V3UseEthToken exchangesPandoraTokens, users holdPandoraToken is equivalent to fragmented holdingPandoraofNFT(Pandora replicants), The number of tokens held determines what the user ownsNFTquantity.
passERC404standard,PandoraImplement similarNFTThe effect of fragmented.Look at somethingNFTDuring the series, users can choose to hold a certain amount of tokens rather than completeNFTThis is more flexible for fund allocation, and at the same time reduces participationNFTThe amount of investment amount.
NFTBurning and re -casting mechanism
butReplicant nftCommonERC721FormatNFTdifferent,Replicant nftThere is a mechanism of combustion and re -casting, when the user is rightERC404Transfer or transaction will be triggered when operations.As mentioned earlierERC404Tokens andReplicant nftBinding, soERC404When the token changes,Replicant nftThere will also be changes.There are two cases here:
1) When the user sellsERC404When token, in the user walletReplicant nftIt will be burned (destroyed).
2) When the user is transferred,SenderIn walletReplicantNFTWill be burned, and thenReceiverThe wallet resumed the new onesReplicantNFTEssence
Restart each time,Replicant nftThe characteristics of the characteristics will be refreshed, and the rareness may also change.Therefore, if the user treats himNFTDissatisfied, he can constantly transfer money to refreshNFTUntil you get your favoriteNFTEssenceIf the user does not want to change itReplicant nft(Do not want to burn and re -cast) and want to sell or send it to other users, then he canOpenseaSellReplicant nftOr send it to another address.Simply put, if users wantReplicant nftChange the change and rightERC404Tokens to operate; if the user does not wantReplicant nftChange, then rightReplicant nftDo operation.
Pandora replicants[5]
Pandora replicantsyesPandoraProjectReplicant nftIt is five different colors of boxes, and the five colors represent different scarcity.Officials have not disclosed the specific quantity of each rare degree, but the order of rarity is from high to low: red, orange, purple, blue, and green.The box may open a new one in the futureNFTEssence
Business data
PandoraProject2moon2Line on the day, currentlyPandoraCurrency2,375.76Dollar,twenty fourHours transaction volume536.510,000 dollars.
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Figure 1 pandora price, source: dex screener
at presentPandora replicantsFloor price1.2 ETH, Total transaction volume48 ETH,have670Name holder.
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Figure 2 Pandora replicants trading data, source: Opensea
Economic model
PandoraThere is no public economic model, but you can seePandoraToken andPandora replicantsSameThe total amount is10,000DimeEssenceAt present, the tokens in circulation are probably available5000Mei, the team bought from the market in the early days of the market5000Mei, for project operation team rewards and the like.In addition, the team retains700UseSablierLinear release, complete within one month.The team used it on the first day of the launch400 ETHThe main reason for repurchasing tokens is that they are inUniswap V3Different price distribution liquidity, after the price changes, need to be treated with itLPAdjust.
Comprehensive evaluation
1. 1.PandorapassERC404The form is realizedNFTThe fragmentation effect is relatively novel.
2.ERC404TokensNFTIt provides good liquidity, users can be inDEXSell directlyERC404Tokens, not to beNFTThe trading market is waiting for buyers.
