Pandora Price

(PANDORA)
USD($)
Pandora (PANDORA) Live Price Chart

Pandora Live Price Data

The live price of Pandora is $5,758.64, with a total trading volume of $ 88,774 in the last 24 hours. The price of Pandora changed by -2.04% in the past day, and its USD value has decreased by -14.29% over the last week. With a circulating supply of -- PANDORA, the market cap of Pandora is currently -- USD, marking a --% increase today. Pandora currently ranks #-- in market cap.
How do you feel about Pandora today?
Note: This data is for reference only.
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Pandora(PANDORA) Profile

altRank--
rate--
Expand
Documentation
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Contract
Ethereum 0x9e9fbd...413
Audited By
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Code & Community
Investors
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$5,651.69
$6,890.06
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-1.39%
-2.04%
-14.29%
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$2.83M 
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About PANDORA

How can I buy Pandora (PANDORA)?

Buying PANDORA on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Pandora (PANDORA) for more information.

What Is PANDORA (PANDORA) Crypto?

PANDORA (PANDORA) is a project built on the ERC-404 token standard, representing an innovative approach within the Ethereum ecosystem. The ERC-404 standard is experimental and unofficial, aiming to create a new class of digital assets that are "semi-fungible," combining elements of both fungible and non-fungible tokens (NFTs). While part of the token can be interchangeable like traditional cryptocurrencies, another aspect retains unique characteristics akin to NFTs​​.

PANDORA introduces a unique mechanism where 10,000 ERC-20 tokens are associated with 10,000 "Replicant" NFTs. When a user purchases a full PANDORA token, a Replicant NFT is minted to their wallet.

Conversely, selling a PANDORA token results in the burning of its connected NFT. These Replicant NFTs feature varying degrees of rarity, indicated by different colors, with green being the most common and red the rarest. The rarity of a Replicant can be "rerolled" by trading PANDORA tokens​​.

How Does PANDORA ERC-404 Token Work?

The PANDORA project, built on the ERC-404 token standard, operates through an innovative mechanism that blends the characteristics of fungible and non-fungible tokens (NFTs), creating a unique digital asset ecosystem. Here's a breakdown of how it works:

1. Semi-Fungible Token Model

The ERC-404 standard underpinning PANDORA introduces a semi-fungible token model. This means that the tokens have both fungible and non-fungible properties:

> Fungible Aspect: The ERC-20 component of PANDORA tokens allows them to be traded, bought, and sold like any other cryptocurrency, ensuring liquidity and exchangeability.

> Non-Fungible Aspect: Each PANDORA token is linked to a unique "Replicant" NFT, adding a layer of uniqueness and collectibility to the tokens.

2. Minting and Burning Mechanism

> Minting: When a user purchases a full PANDORA token on an exchange, a Replicant NFT is automatically minted to their crypto wallet. This process creates a direct link between the fungible token and the unique NFT.

> Burning: Conversely, if a user sells their PANDORA token, the associated Replicant NFT is burned (destroyed), severing the link between the fungible token and the unique NFT. This ensures that the semi-fungible nature of the tokens is maintained.

3. Rarity and Rerolling

> Rarity Levels: Replicant NFTs come with varying levels of rarity, indicated by different colors. The most common Replicants are green, while the rarest are red. This system introduces a gamification element, where users can collect NFTs of different rarities.

> Rerolling Rarity: Users can trade PANDORA tokens to "reroll" the rarities of the Replicants they receive. This feature adds a dynamic aspect to the collection process, as users can attempt to obtain rarer NFTs through trading.

4. Marketplaces and Trading

Despite ERC-404 being an experimental standard, PANDORA tokens and their associated Replicant NFTs are trading on decentralized exchanges and NFT marketplaces. This accessibility allows users to actively trade and collect these unique digital assets.

5. Experimental Nature and Risks

It's important to note that the ERC-404 standard and the PANDORA project are experimental. The innovative approach to token design and the blending of fungible and non-fungible elements is pioneering, but it also comes with risks.

The standard has not undergone formal vetting, so potential vulnerabilities and inefficiencies might not have been fully addressed. Please exercise caution and not invest more than they can afford to lose in these early experimental stages​​.

When Was PANDORA (PANDORA) Coin Launched?

The PANDORA ERC-404 token was launched on February 2, 2024. It was the first-ever token implemented on the ERC-404 standard, aiming to combine the features of ERC-20 and ERC-721 tokens.

Shortly after its launch, the project achieved a +440% increase in value to a price of approximately $8,385 (~3.52 ETH) within less than a week from its launch.

How to Use PANDORA Token

Here are the key uses and features of the PANDORA token based on the ERC404 standard:

1. Hybrid Token-NFT Ownership: When you purchase a PANDORA token, you not only receive the token but also a corresponding Pandora NFT. This mechanism is facilitated by a mint contract that generates a completely random NFT, which could be of any rarity, similar to a traditional NFT minting process.

2. NFT Rarity and Trading: The Pandora NFTs come with various rarities, making the trading and collection of these NFTs an integral part of the PANDORA ecosystem. These rarities range from common to extremely rare, providing a basis for potential arbitrage and trading strategies, as the PANDORA token price could represent the floor price of the corresponding NFTs due to the 1:1 ratio of tokens to NFTs.

3. NFT Burn Mechanism: If you decide to sell your PANDORA token, the corresponding NFT in your wallet is burned. This mechanism ensures a direct linkage between the token and the NFT, affecting the supply and uniqueness of the NFTs within the ecosystem.

4. Secondary Market for NFTs: Apart from trading PANDORA tokens on DEXs like Uniswap, the corresponding Pandora NFTs can be sold on NFT marketplaces such as OpenSea and Blur. This dual-market presence increases the liquidity and trading avenues for PANDORA token holders.

5. Fractionalization and Financialization of NFTs: The ERC404 standard, exemplified by PANDORA, represents a significant step towards the fractionalization and financialization of NFTs. Linking NFT ownership with ERC20-like tokens opens up new possibilities for NFT collections to achieve increased liquidity and develop new financial products around NFT assets.

6. Integration and Interest from the Crypto Community: The PANDORA project and the ERC404 standard have garnered interest from various platforms and projects within the crypto space, indicating a potential for widespread adoption and integration into existing NFT and DeFi ecosystems.

7. Trade PANDORA on KuCoin: Trade PANDORA token on the KuCoin Spot Market against other cryptos to make the most of changing market conditions and volatility. Buy or sell PANDORA or HODL if you believe in the future potential of the PANDORA project. Remember to DYOR before entering any trades in the crypto market.

Pandora (PANDORA) Price Movements ($)
PeriodChangeChange (%)
Today$-120.34-2.05%
7 Days$-963.61-14.21%
30 Days$-6,288.38-51.95%
3 Months$-8,472.39-59.30%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Pandora Conversion Rate
  • 1 PANDORA to USD$5,758.64
  • 1 PANDORA to EUR€5,403.9
  • 1 PANDORA to AUD$8,973.12
  • 1 PANDORA to KRW₩7,915,721.09
  • 1 PANDORA to JPY¥890,540.21
  • 1 PANDORA to GBP£4,655.18
  • 1 PANDORA to INR₨480,416.85
  • 1 PANDORA to IDRRp93,383,372.71
  • 1 PANDORA to CAD$7,917.56
  • 1 PANDORA to RUB₽538,217.55

FAQ

How much is 1 Pandora (PANDORA) worth?
KuCoin provides real-time USD price updates for Pandora (PANDORA). Pandora price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time PANDORA to USD exchange rates.
Is PANDORA (PANDORA) a Good Investment?

Here are some key benefits of adding $PANDORA to your crypto portfolio:

1. Innovative Hybrid Model: The ERC404 standard introduces a novel concept by combining the liquidity and fungibility of ERC20 tokens with the uniqueness and collectibility of ERC721 NFTs. This hybrid model could attract both crypto investors and NFT collectors, potentially increasing demand and value.

2. Unique NFT with Each Token: Investors receive a corresponding unique NFT with every PANDORA token. This adds an element of rarity and collectibility, providing dual investment avenues - the token itself and the unique NFT.

3. Potential for Rarity-Based Value Appreciation: The NFTs associated with PANDORA tokens have varying rarities, and owning a rare NFT could significantly enhance the value of one's investment, as rare items within the NFT space often fetch higher prices on the secondary market.

4. Increased Liquidity Options: The ability to trade PANDORA tokens on DEXs and their corresponding NFTs on NFT marketplaces like OpenSea and Blur provides investors with multiple liquidity options. This dual-market presence can lead to increased exposure and trading opportunities.

5. NFT Burn Mechanism Upon Token Sale: The mechanism where selling a PANDORA token results in the burning of the corresponding NFT introduces a deflationary aspect to the NFT side of the investment. This could lead to a decrease in supply over time, potentially increasing the rarity and value of the remaining NFTs.

6. Access to a Growing Ecosystem: The PANDORA project is part of a broader movement towards integrating DeFi and NFTs. Early investors might benefit from the growth of this ecosystem, including future utilities, partnerships, and integrations that could enhance the token's and NFT's value.

7. Exposure to Novel Crypto Experiments: Individuals gain exposure to experimental and cutting-edge blockchain technology by investing in PANDORA. This can be particularly appealing for those looking to diversify their portfolio with innovative crypto assets that break new ground in terms of functionality and use case.

8. Community and Governance Participation: If the PANDORA project incorporates governance features or community-driven aspects in the future, token holders might have a say in the Pandora project's direction, further increasing the token's utility and potential value.

What Is PANDORA Crypto Price Prediction?

While the crypto market’s volatility makes it challenging to offer a reliable PANDORA crypto price prediction, monitoring the following factors could help you understand the price trends in the token:

1. Supply and Demand Dynamics: The fundamental economic principle of supply and demand is a primary driver of PANDORA token prices. Limited supply coupled with high demand, especially for rare NFTs associated with the tokens, can drive up the PANDORA token price. Conversely, prices may decrease if there's less interest or an oversupply of tokens.

2. NFT Rarity and Market Demand: Since each PANDORA token is linked to a unique NFT with varying rarities, the demand for these NFTs can significantly influence the $PANDORA price. Rare NFTs may attract higher bids on NFT marketplaces, potentially driving up the perceived value of the PANDORA tokens.

3. Market Sentiment: Cryptocurrency prices are highly susceptible to market sentiment, which news, social media, and the overall mood of the crypto community can influence the PANDORA to USD price. Positive news or hype around the PANDORA project or the ERC404 standard can lead to price increases, while negative news can decrease the PANDORA crypto price.

4. Crypto Market Trends: General trends in the cryptocurrency market, such as bull or bear phases, can affect the PANDORA coin price. During bull markets, investors are more likely to invest in speculative and innovative assets like PANDORA, while in bear markets, they might retract to safer investments.

5. Project Development and Updates: Announcements about new features, partnerships, or updates to the PANDORA ecosystem can influence investor sentiment and, consequently, token prices. Successful project milestones or integrations with popular platforms can lead to increased demand.

6. Liquidity on Exchanges: The availability of PANDORA tokens on various exchanges and the ease of trading them can affect the PANDORA/USDT price. Higher liquidity generally leads to more stable prices, while lower liquidity can result in higher volatility.

7. Technical Factors and Token Mechanics: The unique mechanism of burning the corresponding NFT when a PANDORA token is sold introduces a deflationary aspect that could influencethe PANDORA token value. Additionally, technical updates or security issues can also impact investor confidence and PANDORA prices.

8. Adoption and Utility: The level of adoption and the practical utility of PANDORA tokens within the ecosystem (e.g., in DeFi applications, gaming, or collectibles) can drive demand and influence prices. Increased use cases and adoption can lead to higher valuations.

What is the market cap of Pandora (PANDORA)?
The current market cap of PANDORA is $911.18M. It is calculated by multiplying the current supply of PANDORA by its real-time market price of $911.18M.
How do I store Pandora (PANDORA)?
You can securely store your Pandora in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your PANDORA include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Gala Games (GALAX) to cash?
You can instantly exchange your Gala Games (GALAX) for cash using KuCoin's Fast Trade feature. This feature enables you to convert GALAX to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Fear24
PANDORA
Estimated
-- USD
PANDORA/USDT1
$5,758.64-2.04%