潘多拉爆火，寻找「图币结合」的新alpha

Original - Odaily

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The explosion of Pandora has brought the long-dormant NFT sector back into public view.

Pandora adopts the NFT+token integrated trading model built using the ERC-404 standard, which provides a solution to the NFT liquidity shortage problem that has been criticized by the market. Compared with previous fragmented NFT solutions, ERC-404 is not only more efficient, but also innovates novel gameplay.

When the number of tokens is less than 1, the NFT does not exist; but when the number of tokens is equal, an NFT will be formed. Each time the number of tokens is equal to 1, the image effect of the NFT is different. In essence, the NFT image content is fragmented, and it will change each time as the number of tokens in hand changes, resulting in unique random attributes.

This operable randomness allows NFTs and tokens to form a mutually supportive trading model. NFTs will be random, have different rarities, and have different corresponding values. In contrast, the token itself does not have rarity but is highly liquid. ERC-404 combines the liquidity of tokens with the rarity of NFTs, creating a game for users to find the uniqueness of tokens and increasing the liquidity of ordinary rarity NFTs.

Currently, Pandora is the first ERC-404 project to be in stable circulation, and the market is extremely enthusiastic about it. From its launch on February 2 to today, it took less than 5 days for the PANDORA token price to go from 214.17 USDT to the highest price of 8791.72 USDT. Opensea and Blur have also launched Pandora’s NFT collection, and the current market floor price is 3.3 ETH (approximately 7698 USDT).

However, according to early observations by relevant community members, the project party seems to have purchased a large number of PANDORA tokens after the opening of the market. However, it is unclear whether it is true or false. Twitter KOL also posted a message saying that the address 0x...1b2e1D is suspected to be the project partys address. , nearly 100,000 USDT worth of PANDORA tokens have been sold so far.

according toFirst class warehouseAccording to analysis, the team bought 5,000 coins from the market in the early days of the launch, which were used for project operation team rewards and the like. In addition, the team has reserved 700 tokens for linear release using Sablier, which will be released within one month. The team used approximately 400 ETH to repurchase tokens within the first day of launch. The main reason was that they distributed liquidity at different prices on Uniswap V3 and needed to adjust their LP after the price changed.

The rising PANDORA token has stimulated FOMO sentiment in the market. In addition to Pandora, what other projects use the graphic-coin combination standard? Odaily takes stock of some related projects and brings you new wealth codes.

Deez Nuts (token NUTS)

Deez Nuts is one of the representatives of the combination of graphics and coins after Pandora came out of the circle. It is called Peanuts because of its NFT image. Deez Nuts is the first project to adopt the TinySPL standard for the Solana network. Traditionally, token balances are stored on-chain. Keeping this data on-chain takes up space, so Solana charges a storage “rent” of approximately 0.002 SOL. Tokens that adopt the TinySPL standard do not need to pay rent. But Tiny SPL tokens will not show up in your wallet balance; they will only be visible in the NFT section.

The balance is divided into multiple parts and requires token management through our website. For example, to send 1 NUTS, you need to split 125 NUTS into 124 NUTS and 1 NUTS before transmitting. Connect your wallet to the website for a clearer understanding of Tiny SPL token management

The current price of the NUTS token is 1.81 USDT. In the past 9 days since its launch, the token has increased by as much as 554%, and its current market value exceeds US$38 million. The NFT floor price is approximately 0.019 SOL for 1 NUTS.

It is still in a relatively early stage. As the first graphic-currency integration project on the Solana network, with the help of Pandora, I believe there will be room for growth.

INSC Plus (no tokens yet, only NFT)

INSC Plus is a graphics and currency integration project that preceded Pandora. It was originally called INSC. INSC is essentially an inscription. However, compared to the famous eths, the two write the inscription in different places, but INSC is more compatible with the EVM ecosystem. A hacker incident occurred at INSC in the early days, but the project team chose to trace the source and restart it, so it was renamed INSC Plus.

INSC Plus adopts an earlier standard than ERC-404 - ERC-7583. This standard embeds inscription data in events issued by Ethereum smart contracts. It aims to establish a unified inscription data encoding and decoding format to ensure different Interoperability and consistency between contracts and platforms.

You can imagine that inscriptions can be used for related DeFi transactions through smart contracts, and whether the images written in the inscriptions can be used as NFTs for tokenized transactions. This is the purpose of the ERC-7583 standard.

Currently, INSC Plus only has NFTs traded on Opensea, and its token part has not yet been launched. According to official news, a token trading market will be launched later. The floor price on Opensea is 0.02 ETH, and the INSC price before the hack was 0.2 ETH.

ANON (expected to be online tomorrow, the specific time is not yet clear)

ANON should be a newly developed project based on the ERC-404 standard, with a total of 350 NFTs, and promises to provide rewards to Pandora holders. The specific economic model is not yet clear. The project party revealed that the project will be launched at approximately 6 a.m.