jakiro
Author: BTCDAYU Source: X,@BTCDAYU
This article is a few days ago I participated in the speeches of the free wheat time of @followin_io_zh, and sorted out by the help of group friends:
In April, I opened a temporary Space, that is, suddenly pulled a Space to talk about ORDI. At that time, there should be more than a thousand people listened. That day was the hottest space.At that time, it should be the price of 1–2U outside the court. After listening, many people rushed in and bought Ordi.Soon after buying, the price of ORDI rose rapidly.
When the price fell, the whole Twitter was discussing, saying “Daewoo is SB”, and it was spreading some rumors that I told everyone to shuttle in 20U, completely ignoring what I said when I said at 5U.
Iron powder can make money, and black powder can only spray people.
Today Followin issued an article in this agreement, just to engage in this free wheat at noon. I come up and talk about the 404 agreement,
I feel that this agreement is very similar to the ORDI at the end of April, and it may even be stronger than the Ordi at the time.You may find it strange, so exaggerated?But when I explain the reason later, you will understand.
Look at the data on the chain. From last night, the price of everyone in our group was 3,000 when they got on the car, and now it is 6,99 (as of 14,000 as of this article).How long have you never seen such a big pool?
Now its market value is 55 million, and many people may feel high, but this market value is almost 2U ORDI. Do you think the 2U ordered order is expensive?
Of course, I just think so, this is not an investment advice.Otherwise, our popular science today will become an appeal to everyone to buy, and if you buy it, you will not give me money, right?If you give me money, you can blame me.
How do you talk about rising? The Yang Line pulls very fiercely.Many people buy it directly when they listen?
1. What is ERC404
ERC404 protocol, it is also a natural diamond.
Judging from the current situation of the Bitcoin ecology, there are very few natural diamonds, only a few like ODI and A Tongmu.It’s not that artificial diamonds are not good, but you need to know what the difference between artificial diamonds and natural diamonds.
For example, ODI, you can buy it, spread it, and participate in Bitcoin. Everyone is equal. Nakamoto will not benefit from you because you bought bitcoin.It is difficult to be promoted manually.
However, if I now issue a currency called Dayu Coin, there is a strong capital strength behind me. For example, if there is a $ 100 million US dollar for pulling, the price will definitely rise crazy.
However, I have to control the disk and control to 90%. The purpose of doing this is definitely not for charity. In the end, it has to be cut. Therefore, the life of the artificial diamond is short. Natural diamonds will become more and more valuable over time and space.
Therefore, I have been looking for natural diamonds in the market. For example, Bitcoin 15 years ago was a natural diamond. Whoever found it early and who understood it, who would benefit from it.When ODI appeared, it was a natural diamond.
And today’s ERC404 protocol, it is also a natural diamond.
It was accidentally occurred, just like when V God mentioned bugs to World of Warcraft, Blizzard ignored it, and then V God created Ethereum.The 404 protocol here is also because of the bug of another protocol, but the problem was ignored, so I created the 404 protocol itself.Its birth is dramatic.
Simply put, the 404 protocol is a coin and NFT exchange protocol.In other words, all NFT issued on this agreement in the future will have a native liquidity on the chain.
The so -called native means that it does not need to be promoted by projects like Blur, and it has liquidity itself.
In the past, you bought Bayc and other NFTs. It would be embarrassing without liquidity, but now you can trade your NFT directly on Uniswap. This is just the beginning-you think a few more things, but this first step aloneYou don’t necessarily understand, let me talk first.
1 \ The meaning of trading NFT on Uniswap
In fact, when NFT has native liquidity, it can be combined with all infrastructure on the chain, whether it is DEFI borrowing or other innovations.
Although the NFT market already has services such as loans, mortgages and perpetual contracts, these are often difficult to achieve.This is because NFT’s ERC-721 standards face many challenges when solving liquidity problems, including fragmented solutions.
However, after the introduction of the 404 agreement, the situation changed.NFT is not just a tokens, it can also be easier to integrate into various financial contracts. For example, perpetual contracts become easier to access.
The key point is that if the 404 protocol can be widely recognized like ERC-721, especially from organizations like Ethereum Foundation, its potential will be huge.
Judging from the current upward trend of the entire network heat, the 404 protocol is highly likely to be widely recognized.
Ethereum ecology needs new things, and the 404 protocol seems to meet this needs.What RWA, LRT, etc. are currently popular, only make sense to large households.
For those who hold the currency, the complex pledge strategy and income may be very attractive, but for those who hold small currency, these complex narratives and operations are not attractive.They are not interested in obtaining a meager annualized income, but they are more inclined to pursue greater market opportunities.
Therefore, heavy pledge projects like Eigenlayer may only attract the interest of a few users.
The emergence of the 404 protocol may completely change the rules of the NFT market.If the 404 protocol is widely recognized, then all mainstream NFT projects may no longer be limited to platforms like OpenSea, but can directly online other large exchanges, such as OKX or Binance.
This means that if a NFT project uses a 404 protocol, its liquidity and playability will be greatly improved, which can bring more gameplay and innovation.
As an old NFT player, when I saw the 404 protocol, I felt unprecedented excitement.It opened my imagination space for NFT’s possible gameplay, and made me look forward to more novel projects in the future.Compared with the previous exquisite pictures and the NFT project of the story, the 404 protocol makes the NFT transactions and applications more vivid and interesting.
2. The relationship between the Pandora and 404 protocol
Pandora is a currency based on the 404 protocol. The importance of Pandora may be that it is the first coin based on a specific protocol, which has its unique value.
Just like the first currency ORDI on the Bitcoin chain, it has great value.But what is more exciting than Ordi is that Pandora has created a new possibility.
Ordi is a Meme. Although his development is also driven by the entire ecological prosperity to a certain extent, this ecology is not so enabled to directly empower Ordi because the attributes of the chain are so.
However, this impact on the Pandora will be much more powerful.For example, consider the following questions:
More airdrops: Will the ecological projects on the 404 Agreement give the lead project airdrop to complete the cold start?
More projects: When countless ecological projects are constructed, will there be very, very powerful projects, and then bring more and more wealth effects to the ecology, which will affect the valuation of Pandora?
More suspense: Back to Pandora itself, buy a certain amount of coins, there is NFT. These NFTs have different scarcity. Whether these boxes can be opened and there are more gameplay, many suspenses.
More gameplay: Another is that ecological projects are both currencies and NFT. Will there be more ecological ecosystems commonly used in ETH ecosystems in the future?
More space: Will all NFT and MEME be launched on the 404 protocol in the future?
3. Pay special attention to a few points
First, can the agreement be widely recognized?[As of this article, OKX wallets, Element, Uniswap, Metamask, etc. have all supported 404 protocols].
The second is what Vitalik will think about the agreement?Will he pay attention and discuss it?Here I think 99%he will pay attention.
Because he is a very fair and fair person, there are not too much selfish people, almost God’s existence in my heart.Such people will only look at the problem from the perspective of whether it is conducive to the world and whether it is conducive to the ETH ecology. Then, the 404 protocol may bring ETH more prosperous innovation. Will he oppose it?There is no reason, he will only support it.
Third, will the exchanges be launched on pandora?There is no reason for such a large trading volume and heat, and this is no longer a Meme, but a high -value project.
Overall, I must believe in: where there is money and where the traffic is, there will be the most innovative innovation.
[Time to speak for other guests here, the project party suddenly descended to the Space and exchanged English exchanges. Here we omit some. Please listen to the original text. The project party mainly mentioned some team backgrounds, the next plan, etc.]
Since then, some audiences have exchanged some issues to @BTCDAYU, including the roadmap of the project party.
@BTCDAYU: That is how the project party everyone cares about in the future, but I think this agreement does not require the project party’s presence.
That is to say, such as route maps, official website, community, etc., can actually let the community do it, just like ERC-721. Now who is managing everyone, everyone does not care, and does not need to know.
Take the first NFT–Azuki on ERC-721 as an example. We all know why Azuki was so hot at that time, isn’t it because his agreement is very attractive?They even said that they could change the agreement, which seemed very powerful and powerful.
Therefore, I think that for the Pandora project, its value is more of the community, not what the project party has done.It may even do not need to do too much.
Of course, this project party has strong technical strength and is also very open. We can feedback some good suggestions with them.
However, from the perspective of investment, I think the role of the project party is like a diamond that has not been carved. We don’t need to care too much about them.
Fourth, Bit stupid talk about valuation: it will surpass Bayc, there are hundreds of times more
This paragraph is a guest@Bitfool1 to exchange some of his views:
This project is different, it has an unreachable advantage.I think 80%of the project party’s work has been completed.The remaining 20%of the operation and development, even if the project party does not do it, someone will do it.
This project activates the maximum liquidity of NFT with its minimum change. I estimate that the project party does not fully realize this.Many NFTs had encountered great difficulties in the past, including the current insufficient liquidity of NFT in the Ethereum ecosystem, and many hard means did not solve the essential problem.
But this project gives us the answer, a delicate part solves the seemingly complicated problem before.It uses the existing technical facilities of the smart contract ecology, so the next thing should be successful.
In the future, there will be more DEFI protocols to cooperate, which can be expected.
Besides the valuation, I think this project will defeat Bayc, because now it is about 3 to 4 in the price interval of 3 to 4, and compared with Bored Ape, when I read it in the morning, I am 20 times.It is 10 times, and now there may be only 7 to 8 times the valuation gap.
This gap may be smoothed within 24 hours.This is the most ideal situation, but whether it is 24 hours, a week or a few months, this project is better than Bored Ape.
Bored Ape represents an outdated idea. It keeps playing games around a few small pictures to attract celebrities. These are all outdated.
The 404 protocol is on the correct road. Although it is small, its valuation has risen quickly, because there are many smart people in the market, and they have a deep understanding of these agreements, and they understand when they see it.
Of course, there are many people entering and leaving early, they can’t hold it, so compared to Bayc, it has a valuation of 7 to 8 times.However, these 7 to 8 times are the currency, and there are still several times the growth space of the currency.
In addition, the valuation of the currency will exceed the valuation of NFT, because Bayc is just a pure map without currency.Inside the Bitcoin ecosystem, BRC420 inspired me. Its foundation is actually worse than Atomical, but because of the coexistence of NFT and Token, its market value can be significantly more than ATOM.This means that the market value of the currency should exceed the pure map.
In the 404 protocol, the currency plus map can be obtained in principle, and the liquidity of both sides can be obtained, which may have a effect of 1 plus 1 greater than 2.
Therefore, the market value of 7 to 8 times Bored APE, coupled with the coexistence of NFT and token, will be greater than the figure several times, so this is dozens of times the market value.
Coupled with the currency, it will increase several times in the bull market.Then counting hundreds of times the valuation increase.In addition, if the benchmark Bayc, it will also increase several times in the bull market.
That count, there are hundreds of times the room for this project!
Of course, various problems may also occur in the future. It may be that there are problems with the agreement. Some heavyweights, including Vitalik, believe that this project is not good, or key problems cannot be solved, or the team level and the partner level appearThere will be twists and turns.
The worst situation is to zero, and the funds you invest may be gone.However, if you follow the path I described, there will be new split in the future and the head target will be strengthened. Then there will be hundreds of times the income, which is the ideal situation.
