ERC-404 Tokens: Catalyst or Conundrum for Ethereum's Ecosystem?

Cryptoababe

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Do it For Better Humanity (Bitget trader)

Quote from: btc78 on February 20, 2024, 04:35:27 AM

With lots of unique altcoins popping out, erc-404 will most likely face difficulties in maintaining its position right now.

You know people tends to invest in new idea in crypto these days. So, I don't expect erc-404 to face any difficulties. Apart from the situation where thier might be slight bugs or some smart contract compromisation possibly. If any of these bug issue or compromisation didn't occur,i expect more favour on this new development from the market.

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For me, there is a lower chance that $beans reach as much hype and interest as pandora unless it has some unique characteristics that set it apart from $beans.

I agree with this cos Pandora is more like an App or protocol on Ethereum network while $Beans is just like a memecoin. Also, PANDORA is already trending on Dextool and getting supported by some exchange like Bingx and coinW. And it will also get listed on Bitget soon which means it's starting to get support from top exchanges

btc78

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erc-404 coins are new to my ears and prior to research I can see that it definitely has utilization hence why we can assume that it is not all hype. Although this early into the project we can not really identify whether it can hold up for a long time. With lots of unique altcoins popping out, erc-404 will most likely face difficulties in maintaining its position right now.

It is not officially recognized by Ethereum and it is said to be proudly experimental. It would need more time to establish its name. Releasing another one would probably not excite people as much anymore especially if the previous one do not reach the level of expectations of others.

For me, there is a lower chance that $beans reach as much hype and interest as pandora unless it has some unique characteristics that set it apart from $beans.

Iamcrypticguy

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Quote from: TheVeteranAngel on February 19, 2024, 08:25:51 AM

Just 2 weeks ago when the ERC-404 tokens was launched, the internet went agog and the first project "PANDORA" quickly gained acceptance and raked in over $293M in four days however the current mcap is $132M.

Analysing the importance of the ERC-404 in the Ethereum ecosystem which among several includes, alignment with ERC-20 which helps to ease integration with existing wallets, exchanges and Defi Application, ERC-404 also helps fractionalize NFTs reducing entry barrier and enhancing liquidity but all this comes with a price as the Ethereum gas fee has suddenly surged to a 8 months record high.

Just while searching through the net this morning for exploration of potential projects, I came across another ERC-404 token. The first memecoin on ERC-404 "Dancing Beans" $BEANS. Though not on CMC or CG yet but I have seen some kind of excitement and anticipation from couple of people talking about it and it got me wondering if the era of ERC-404 has come to stay.

Do you think $BEANS can also make headlines like PANDORA and is it worth putting some few $$$. Share your thoughts?

I wrote something about erc404 some days ago, and from what I could gather, since it's experimental, they'll be lots of volatility. Might be you might hit Lambo or go home😆😆. Will checkout dancing beans, where can I get more info?

TheVeteranAngel

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Just 2 weeks ago when the ERC-404 tokens was launched, the internet went agog and the first project "PANDORA" quickly gained acceptance and raked in over $293M in four days however the current mcap is $132M.

Analysing the importance of the ERC-404 in the Ethereum ecosystem which among several includes, alignment with ERC-20 which helps to ease integration with existing wallets, exchanges and Defi Application, ERC-404 also helps fractionalize NFTs reducing entry barrier and enhancing liquidity but all this comes with a price as the Ethereum gas fee has suddenly surged to a 8 months record high.

Just while searching through the net this morning for exploration of potential projects, I came across another ERC-404 token. The first memecoin on ERC-404 "Dancing Beans" $BEANS. Though not on CMC or CG yet but I have seen some kind of excitement and anticipation from couple of people talking about it and it got me wondering if the era of ERC-404 has come to stay.

Do you think $BEANS can also make headlines like PANDORA and is it worth putting some few $$$. Share your thoughts?

Topic: ERC-404 Tokens: Catalyst or Conundrum for Ethereum's Ecosystem? (Read 39 times)