General FAQ

This FAQ section is designed to address common questions and provide clarity on the functionalities and processes within Pandora Finance's ERC404 Marketplace & DEX. Whether you're a creator, collector, or trader, these answers will help you navigate the platform more effectively.

What is ERC404?

ERC404 is an innovative token standard that combines the fungibility of ERC20 tokens with the uniqueness of ERC721 tokens. It allows for the creation of tokens that serve dual purposes: as fungible tokens for trading and staking, and as unique NFTs to denote exclusive ownership rights.

How do I create an ERC404 collection?

To create an ERC404 collection, navigate to the “Create ERC404” option on Pandora Finance's ERC404 Marketplace, fill in the details such as collection name, symbol, and the total supply, and attach your media and metadata files. Confirm the transaction in your wallet to complete the process.

Can I list my NFTs for sale or auction?

Yes, you can list your NFTs for sale at a fixed price or auction them. For fixed-price listings, select your NFT, set your price, and confirm the listing. For auctions, choose your NFT, set a starting bid and duration, and confirm to start the auction.

How do I buy ERC404 NFTs?

Browse the listings in the “NFTs” section, select an NFT you wish to purchase, and click “Buy Now.” Review and complete the transaction in your wallet to acquire the NFT.

How do I swap ERC20 tokens?

Access the swap function from the collection page, select the tokens you wish to exchange and the amount, and execute the transaction by confirming it in your wallet.

How do I create a liquidity pool?

Go to your token's collection page, click “Create Pool,” select your ERC20 token and an established token to pair, and confirm the transaction in your wallet to create the pool.

How do I transfer ERC404 tokens?

For ERC20 tokens, navigate to the “Transfer Token” option, enter the recipient's details and token amount, and authorize the transaction. For NFTs, select the NFT to transfer, input the recipient's address, and confirm the transaction.

What fees are involved in transactions?

Transactions on Pandora Finance's ERC404 Marketplace & DEX may involve gas fees, which are required for processing transactions on the blockchain. These fees vary based on network congestion and transaction complexity.

Can I participate in the marketplace without any coding skills?

Absolutely. Pandora Finance's ERC404 Marketplace & DEX is designed to be user-friendly, allowing individuals without coding expertise to create collections, list NFTs, and participate in trading and auctions through a straightforward, guided process.

How is data integrity ensured?

Data integrity is maintained through the use of IPFS (InterPlanetary File System) for storing and sharing token metadata, ensuring secure, decentralized, and reliable access to information.

What plans are there for future development?

Pandora Finance's ERC404 Marketplace & DEX aims to expand its functionalities, including support for multi-chain integrations and additional decentralized exchanges (DEXes) to enhance user experience and marketplace liquidity.

For more detailed information or specific inquiries not covered here, feel free to reach out to our support team or consult the detailed documentation available on our platform.

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