NFT project Pandora follows the Meme trend and launches ERC-404 Launchpad currency issuance platform

This site (120bTC.coM): Pandora, an avatar NFT project based on ERC404 to create a homogeneous token-bound NFT, allows users to use Uniswap to trade NFT. Some time ago, it All the rage. Due to the popularity of Meme coins, ERC404 has also followed this trend and launched the "ERC-404 Launchpad" similar to Meme coin issuance platforms such as Pump Fun. Since there are so many Meme coins on different chains, can we also try ERC-404?

ERC-404 Launchpad issues Meme coins or more uses?

ERC-404 Launchpad stated that users can deploy their own ERC-404 token contracts, and the deployer has full control over the contract.

And there is no fee for deployment, but there is only one condition: 95% of the tokens will be minted to the deployer, but 5% will be airdropped to existing Pandora NFT holders.

What are the advantages and disadvantages of binding Pandora NFT airdrop?

It can be expected that NFT projects or Meme coin projects will be interested in the Pandora NFT community, which is equivalent to issuing them through its fair distribution, and then assisting in binding to the Pandora NFT community to please some existing NFT players. This may be helpful for projects that want to strengthen community consensus or seek users outside the Meme community.

However, assuming that the ERC-404 Launchpad is to attract Meme publishers, then the fair distribution of Meme coins (100% to the community) may change slightly.

Pandora rose nearly 60% in a single day

Pandora tokens have the same model as NFT, with only 10,000 in circulation, and once soared to more than 30,000 US dollars. However, after the craze subsided, it quickly dropped to thousands. After this news was released, it rose again to the level of 6,000 US dollars, an increase of nearly 60% in a single day.

However, due to relatively low liquidity and large price fluctuations, you need to pay attention to risks.

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