If you had 100 quanta and played this card and got lucky enought to fire lance a dragon would it do damage accordingly?
I guess it works exactly like Chaos Seed, so Fire Bolt effect, Ice Bolt effect and Drain Life effect deal damage according to your your quanta pool.
This means that if you have eg. 30
, 60
and 20
- any creature hit by Fire Bolt effect is dealt 12 damage
- any creature hit by Ice Bolt effect is dealt 6 damage and can be frozen
- any creature hit by Drain Life effect is dealt 14 damage and you gain 14 life (or less if creature had less hp)
Thus Pandemonium is a bit stronger in rainbow decks in late game.