头等仓研报:基于ERC404代币标准的Pandora

币圈资讯 阅读:37 2024-04-22 09:55:39 评论:0
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精简解读

Pandora是2月2日上线的NFT碎片化项目,其核心技术是ERC404代币标准。用户可以在Uniswap V3购买项目同名代币PANDORA以获得ERC404代币,相当于碎片化持有其NFT——Pandora Replicants,此外也可以直接在OpenSea购买Pandora Replicants。目前PANDORA币价2,375.76美元,24小时交易量536.5万美元;Pandora Replicants的交易量48 ETH。

本文发表时$PANDORA价格为2376



基本面简介

团队:Pandora由匿名团队开发,团队成员数量未知。目前从公开信息能找到3名开发展AcmectrlSearnAcmePandora项目的GitHub[1]运营者,从他的社交账号[2]来看他是Coinbase的工程师。另一名开发者网名ctrl[3],是Syndicate的投资人之一,他运营着自己的Web3社群。还有一位开发者Searn[4]的公开信息较少。

资金:Pandora项目并未公开融资信息。

业务机制

碎片化机制

Pandora是一个NFT碎片化的项目,其核心是ERC404代币标准,这是一种介于ERC20ERC721之间的试验性的代币标准。ERC404代币可以在Uniswap等平台进行交易,类似于同质化代币。同时,1ERC404代币可以对应1NFT(被称为Replicant NFT)。他们之间的数学关系如下:

nReplicant NFT = [nERC404]

其中 nReplicant NFT 表示Replicant NFT的数量,nERC404 表示ERC404代币的数量,[n]表示不大于该数的最大整数。

简单来讲,凑齐一整枚代币即可持有一个NFT。例如,用户持有0.5个代币,他拥有0NFT;用户持有1个代币,他拥有1NFT;用户持有1.5个代币,他拥有1NFT;用户持有2个代币,他拥有2NFT;用户持有2.5个代币,他拥有2NFT,以此类推。

Pandora项目中,它的ERC404代币是PANDORA,它的Replicant NFTPandora Replicants。用户首先可以在Uniswap V3上使用ETH等代币兑换PANDORA代币,用户持有PANDORA代币就相当于碎片化的持有PandoraNFTPandora Replicants),持有的代币数量决定了用户所拥有的NFT数量。

通过ERC404标准,Pandora实现了类似NFT碎片化的效果。在看好某个NFT系列时,用户可以选择持有一定量的代币而非完整的NFT,这对于资金配置而言更加灵活,同时也降低了参与NFT投资的金额门槛。

NFT燃烧和重新铸造机制

但是Replicant NFT与常见的ERC721格式的NFT不同,Replicant NFT有着燃烧和重新铸造的机制,当用户对ERC404进行转账或交易等操作时即会触发。前文提到整数的ERC404代币会与Replicant NFT绑定,因此当ERC404代币发生变动时,Replicant NFT也会发生变动。这里有两种情况:

1)当用户出售ERC404代币时,用户钱包中的Replicant NFT会被燃烧(销毁)。

2)当用户转账时,Sender钱包中的Replicant NFT会被燃烧,然后在Receiver钱包重新铸造出新的Replicant NFT

每一次重新铸造,Replicant NFT的特征都会重新刷新,稀有度也可能随之发生变化。因此,如果用户对他的NFT不满意,他可以将其不断的进行转账以刷新NFT直至获得喜欢的NFT。如果用户不想改变其Replicant NFT(不想燃烧和重新铸造)又想将其出售或者发送给别的用户,那么他可以在OpenSea上出售Replicant NFT或将其发送到另一个地址。简单而言,如果用户希望Replicant NFT产生变化,并对ERC404代币做操作;如果用户不希望Replicant NFT产生变化,则对Replicant NFT做操作。

Pandora Replicants[5]

Pandora ReplicantsPandora项目的Replicant NFT,是五种不同颜色的箱子,且五种颜色分别代表了不同的稀有度。官方目前并未公开每种稀有度的具体数量,但是稀有度顺序从高到低为:红、橙、紫、蓝、绿。未来箱子可能会开出新的NFT

业务数据

Pandora于项目22日上线,目前PANDORA币价2,375.76美元,24小时交易量536.5万美元。

图1 PANDORA价格,来源:DEX Screener

目前Pandora Replicants地板价1.2 ETH,总交易量48 ETH,有670名持有者。

图2 Pandora Replicants交易数据,来源:OpenSea

经济模型

Pandora并没有公开经济模型,但是可以看到PANDORA代币和Pandora Replicants一样总量都是10,000。目前流通中的代币大概有5000枚,团队在上线初期从市场买走5000枚,用于项目运营团队奖励之类的。此外,团队保留了700个代币使用Sablier线性释放,一个月内释放完。团队在上线的第一天内使用了大概400 ETH回购了代币,主要原因是他们在Uniswap V3上不同价位分布流动性,在价格变化后需要对其LP进行调整。

综合评价

1.Pandora通过ERC404的形式实现了NFT碎片化的效果,其机制比较新颖。

2. ERC404代币还为NFT提供了较好的流动性,用户可以在DEX直接出售ERC404代币,而不用在NFT交易市场等待买家。


Simplified interpretation is a fragmentation project launched on January, and its core technology is token standard. Users can buy tokens with the same name in the project to get tokens, which is equivalent to holding them in fragmentation. In addition, they can also directly buy the current currency price of USD, and the transaction volume of USD is 10,000. At the time of publication, the price is the fundamental introduction. The team is developed by an anonymous team, and the number of team members is unknown. At present, from the public information, we can find that he is an engineer and the operator of the project. From his social account, he is another driver. The sender's net name, Microsoft Yahei, is one of the investors. He runs his own community, and there is also a developer, Microsoft Yahei, who has less public information and less funds. The information business mechanism is not publicly funded. The fragmentation mechanism is a fragmented project. Its core is the token standard, which is an experimental token standard between and. The token can be traded on equal platforms, similar to the homogenized token. At the same time, one token can correspond to each other. The mathematical relationship between them is as follows. The number of tokens means the largest integer not greater than this number. Simply put, a whole token can hold one. For example, if a user holds a token, he owns a token, he owns a token, he owns a token, he owns a token, he owns a token, and so on. In the project, its token is its own. The user can first use the token to exchange tokens, and the number of tokens held by the user is equivalent to the fragmentation. The number of users has achieved a similar fragmentation effect through standards. When looking at a certain series, users can choose to hold a certain amount of tokens instead of complete ones, which is more flexible for capital allocation and also reduces the threshold of the amount of investment. However, unlike the common format, there is a burning and recasting mechanism, which will trigger the integer tokens mentioned above to be bound when users transfer or trade, so contemporary coins will change. There are two situations here: when the user sells tokens, what is in the user's wallet will be burned and destroyed; when the user transfers money, what is in the wallet will be burned and then recast in the wallet; each recast feature will be refreshed, and the rarity may also change accordingly; therefore, if the user is dissatisfied with him, he can constantly transfer it to refresh it until he gets something he likes; if the user does not want to change it, he wants to burn and recast it and sell it or send it to. Other users can sell it on the Internet or send it to another address. Simply put, if the user wants to make changes and operate on tokens, if the user doesn't want to make changes, the boxes with five different colors will be operated on the project, and the five colors represent different rarity. The official has not disclosed the specific number of each rarity at present, but the order of rarity is red, orange, purple, blue and green. In the future, the boxes may open new business data and launch the current currency on the project date. Price USD Hourly Transaction Volume USD 10,000 Figure Price Source Current Floor Price Total Transaction Volume Famous Holder Figure Transaction Data Source Economic Model does not disclose the economic model, but it can be seen that the total amount of tokens and the same amount are all tokens currently in circulation. Maybe a team bought one from the market at the beginning of the launch for the project operation team's reward, etc. In addition, the team reserved a token and released it linearly within one month. The team used it and probably bought back the token within the first day of the launch. It is their distribution of liquidity at different prices that needs to be adjusted after the price changes, and the fragmentation effect is realized through comprehensive evaluation. Its mechanism is relatively novel, and tokens also provide better liquidity. Users can sell tokens directly without waiting for buyers in the trading market. 比特币今日价格行情网_okx交易所app_永续合约_比特币怎么买卖交易_虚拟币交易所平台

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