Palette wallet

What is Palette (PLT)?

Palette is a generative art project issued as an ERC-404 token, and that standard is the entire story for anyone holding PLT.

ERC-404 is an unofficial hybrid: one contract behaves as a fungible token and as an NFT collection at the same time. Hold a whole unit and a matching NFT is minted to your address; send a fraction away and that NFT is burned. Move the fraction back and you get a new NFT, not the one you had. If a particular piece from the collection matters to you, keep your balance in whole units and avoid partial sends. This also makes transfers heavier than a normal token transfer, because mint and burn logic runs alongside the balance update, so gas in ETH runs higher than you might budget for.

There is a separate trap in the ticker. PLT is also used by an unrelated Palette project with its own chain, and the two have nothing to do with each other. Verify the contract when adding the token, not the name in a list.

Both halves of an ERC-404 holding, the fungible balance and whatever NFT is currently bound to it, belong to a single address and a single key. With Tangem that key is generated on the card and stays in its secure element, and you can create a duplicate card as a backup instead of committing a phrase to paper. Art you intend to keep for years deserves custody that does not depend on a file or a device surviving that long.

Supported networks in Tangem (1): Ethereum.