Transfer ERC404 Tokens (ERC20 & ERC721)

Pandora Finance's ERC404 Marketplace facilitates a unique and streamlined process for transferring ERC404 tokens. This innovative system is designed to maintain the balance and functionality of the ERC404 collection by enabling the simultaneous exchange of ERC20 (fungible tokens) and ERC721 (non-fungible tokens) within its ecosystem. Here's a comprehensive guide to effectively transfer these tokens, ensuring a flawless transition between sender and receiver.

Executing ERC20 Token Transfers

Disclaimer: The ERC-404 collection's transfer mechanism introduces an innovative approach to token transactions. When transferring ERC-20 tokens, the system automatically mints an equivalent number of ERC-721 tokens in the recipient's wallet, while an equal number of ERC-721 tokens are burned from the sender's wallet. This process ensures a balanced and interconnected exchange between the fungible (ERC-20) and non-fungible (ERC-721) tokens, fostering a cohesive ecosystem.

  1. Initiate Transfer: Find and click the "Transfer Token" option on your desired collection's page.

  2. Enter Details: Input the recipient's wallet address and specify the amount of tokens you intend to transfer.

  3. Confirm Transfer: Select "Confirm Transfer" to move forward with the process.

  4. Authorize Transaction: Click "Transfer" and then authorize the transaction via your wallet to finalize the transfer.

Note: The recipients can view the newly minted NFTs in their portfolio on the Pandora ERC404 Marketplace, reflecting the innovative dual-token transfer mechanism in action.

Transferring Your NFT

Disclaimer: Transferring an ERC-721 token (NFT) within the ERC-404 ecosystem triggers a dual transaction process. This innovative mechanism ensures that alongside the transfer of a unique NFT, an associated ERC-20 token is also transferred to the recipient's wallet. This dual transfer system underscores the unique interplay between the uniqueness of ERC-721 tokens and the divisible nature of ERC-20 tokens, enhancing the ecosystem's dynamics.

  1. Select NFT: Choose the NFT you wish to transfer from your portfolio.

  2. Transfer NFT: Hit the "Transfer NFT" button and enter the receiver's wallet address.

  3. Finalize Transfer: Click "Transfer" to proceed to the next step.

  4. Confirm Transaction: Authorize the transfer within your wallet to complete the process.

This guide ensures that you can navigate the intricacies of transferring ERC404 tokens with ease, taking full advantage of the integrated functionality of ERC20 and ERC721 tokens. By following these straightforward steps, participants in Pandora Finance's ERC404 Marketplace can engage in seamless transactions, enhancing their digital asset experience within this dynamic ecosystem.

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