jakiro
Source: Dao said the blockchain
In the past two days, the Ethereum tokens that have just been proposed have suddenly burst into fire: ERC-404.
With this standard, the author also issued the first experimental token Pandora of the token standard.
What scene is this token standard described?
At the same time, it combines ERC-20 and ERC-721 with different token standards.We can understand it as the tokens issued by this standard at the same time with two token properties: intangible homogeneous tokens (NFT) and homogenized token (ERC-20).
We take Pandora as an example, which specifically shows the two typical characteristics below:
This tokens issued a total of 10,000 NFT (we call it Pandora-NFT), which is exactly the same as the Ethereum NFT we usually see.These 10,000 NFTs can be traded on any NFT platform (such as OpenSea, Blur, etc.)
But at the same time, it has 10,000 ERC-20s (Pandora-ERC20).The ERC-20s here are the same as the ERC-20s to which we trades on Uniswap.These 10,000 ERC-20s can be traded on any DEX.
This token structure means that as soon as this tokens issue, it also has the liquidity of ERC-20 token, which can be convenient to transactions like any ERC-20 toke.
The liquidity of NFT is formally formed during the structure.
When users buy a complete Pandora-ERC20 token on Uniswap, users can not only get this Pandora-ERC20 in their wallet, but also automatically get a Pandora-NFT.The attribute of this pandora-nft is random, and it may be common models or rare models.
This unique liquidity and trading characteristics are that the current NFT and ERC-20s have never been available.
Some of the characteristics I listed here are just a very simplified description of this token. In fact, there are a lot of details in it worthy of taste.You can search for articles on the Internet yourself.
If we go deep into these details, we will find a lot of more interesting phenomena and operations.These phenomena and operations bring a very broad imagination space to the usage scenario and business model of this token.
That’s why the tokens have become so popular in the past two days.
It is also interesting that the sale of this Pandora token is also a fair way to offer, and everyone has the opportunity to participate.From the messages of some early participants on the Internet, it can be found that when this token was first launched, there was a long time for sale.And the price is not too high for a while after the tokens are on sale.
However, this time window is almost fleeting, and soon more and more people realize the value of this token, and its price has quickly increased.
I think the biggest feature of this standard is that it naturally unlocks the liquidity of NFT, making it almost equivalent to ERC-20, which greatly enhances and facilitates NFT transactions.
The significance of this agreement is undoubtedly great to NFT applications, but the increase in NFT application value is fundamentally believed that the application itself must be innovative and transformed.
This is like Uniswap greatly released the liquidity of ERC-20, but whether ERC-20 tokens are valuable, it is basically whether the project itself is valuable.
However, it is conceivable that there will be a large number of imitation disks and enthusiastic projects in the short term, injecting a lot of heat into the NFT market.
In addition, apply my personal experience:
A truly disruptive agreement rarely recognizes how “subversive” and “dreaming” it can be recognized by everyone when it comes.
Bitcoin, Ethereum, UNISWAP, inscription …
Even after decades of development, the AI that everyone knows today has come to this inflection point today.
As soon as you come, many people can be aware of how “subversive” or “dreamy” agreements are either the effect of afterwards is far from everyone’s original expectations;It’s not the scene that everyone expected but a corner that can’t be hit by a certain eight poles.
Not to mention, do you remember the fire when you came out two years ago: LOOT?
The price of pandora has now rushed to 10 Ethereum.At this price, I think that the short -term view is a bit too high, and I will not buy it for the time being.
Tomorrow is 30 years old. We wish all readers good health and good luck.
See you again after the year.
