Pandora introduces a pioneering mixed ERC20 / ERC721 implementation with native liquidity and fractionalization for non-fungible tokens. With this unique approach, each token held entitles addresses to receive a replicant from the corresponding NFT collection, paving the way for persistent liquidity and semi-fungibility for all assets within the collection.
Pandora's team has developed a new token standard called ERC-404, which aims to bridge the gap between fungible tokens and NFTs. ERC404 is an open implementation that creatively blends ERC-20 and ERC-721 to enable native fractionalization while ensuring seamless integration with existing protocols.
To make the integration process smooth, ERC404 has been designed with a philosophy that emphasizes tradeoffs. Each whole token is tied to a typical ID, but can be traded or transferred fractionally. The ERC721 interface functions in a way that respects typical operation, allowing users to transfer distinct token IDs without any friction. However, as the native fractional balance is transferred, whole tokens leave the user's account, drawn from a queue when ownership of whole tokens changes.
PANDORA's total supply and circulating supply both amount to 10,000.
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