NFT project Pandora joins the meme trend with the launch of ERC-404 Launchpad token issuance platform.

Based on ERC404, the Pandora project creates homogenized tokens bound to NFT avatars, allowing users to trade NFTs using Uniswap, which was popular for a while. Due to the popularity of meme coins, ERC404 also followed this trend and launched a platform similar to meme coin issuance platforms like Pump Fun, called "ERC-404 Launchpad." With so many meme coins on different chains, why not give ERC-404 a try?

How does the Pandora avatar project use ERC404 to bring NFTs into the Uniswap trading pool?

ERC-404 Launchpad Launching Meme Coins or More Use Cases?

ERC-404 Launchpad indicates that users can deploy their own ERC-404 token contracts, with the deployer having full control over the contract.

Moreover, deployment is free, with one condition: 95% of the tokens will be minted to the deployer, while 5% will be airdropped to existing Pandora NFT holders.

Benefits and Drawbacks of Binding Pandora NFT Airdrops?

It can be expected that NFT projects or meme coin projects will be interested in the Pandora NFT community, essentially achieving a quasi-fair distribution and assisting in binding to the Pandora NFT community to cater to existing NFT players. This may be helpful for projects seeking to strengthen community consensus or attract users outside the meme community.

However, assuming that ERC-404 Launchpad is aiming to attract meme issuers, the notion of meme coins boasting a 100% fair distribution to the community may be slightly compromised.

Pandora Surges Nearly 60% in a Single Day

The Pandora token operates on the same NFT model, with only ten thousand in circulation, having once surged to over thirty thousand USD. However, after the hype subsided, it rapidly dropped to the thousands. Following this news release, it surged back to the $6000 level, marking an almost 60% increase in a single day.

However, due to relatively low liquidity and significant price fluctuations, caution is advised due to the associated risks.