New Observations: Newly Emerging Explosive In_script_ions
[TL；DR]:
After the decline of the BRC20 Inion minting craze, what are the new gameplay in the field of inions, what are the innovations in product facilities, and how are their performances?
Entering 2024, not only is the infrastructure of Bitcoin‘s inions eco constantly expanding and becoming more convenient, but other public chain ecos have also enriched the gameplay and content of inions.
We believe that the era of Inion 2.0 has arrived, and the Inion track is far from reaching the ceiling. The future is still full of infinite possibilities.
Introduction
Since the release of the Bitcoin Ordinals protocol in January 2023, inions have gradually led the wave of innovation in Bitcoin and even the entire crypto market. Protocols such as BRC20 and Ordinals have won widespread praise for their cutting-edge technology and innovation for retail investors. The fair issuance mechanism of BRC20 ensures the independent minting of inions, preventing any interference from institutions or internal transactions.
The prosperity of BRC20 has promoted the development of emerging projects and infrastructure, while also driving up gas costs on the Bitcoin blockchain, reaching a historic high. This market trend has given rise to a demand for more rich and innovative inions, as well as more efficient inions minting tools and platforms.
The article will provide a summary and sharing of the new changes in the era of Inion 2.0, for the benefit of readers.
1. TurtSat, Focusing on BRC20 Eco Launchpad
TurtSat is a project launch platform based on Ordinals, similar to the Gitcoin of the Ordinals eco.
It supports open source developers and communities to participate in the Ordinals eco construction by establishing a basic PSBT donation protocol, thereby gaining revenue. TurtSat is committed to creating an active, community led Ordinals eco and collaborating with influential organizations to advance the development of the Ordinals protocol and Bitcoin eco.
Source: turtsat.io
TurtSat uses the BRC20 token TURT as the basis for launching a new project. Users who initially hold a TURT can qualify for a whitelist. On December 7, 2023, Turtsat issued a new asset, EGGS. Users can stake $TURT to obtain EGGS, which can be exchanged for the whitelist of Launch projects. In the future, EGGS will also be applied in scenarios such as project online voting and exchanging cooperation token gift packages. As of January 5, 2024, the staked amount of TURT is 313.4m.
In fact, the popularity of inions since Q4 2024 has been different from previous memes. Many new projects have used some BRC20 tokens as their own protocol tokens to empower their utility, greatly expanding the marginal use cases of inions.
These new projects not only include the Launchpad platform TurtSat mentioned above, but also many other protocols, such as BRC20.COM, which aims to build the Bitcoin network eco Super App COM is used as a token to implement cross chain Rollup for BRC201, with ROUP as the platform token, and RDEX as the protocol token for BRC20 trading platform orders.exchange.
Finally, it should be noted that Gate.io has launched TURT spot trading.
2. BTNS Issuing Assets Through Ledger Index
BTNS is the BTC main chain eco built by @jdegresorg, an early holder and developer of BTC. The basic idea is to transmit additional broadcast signals on the BTC chain to allow BTC to release its on-chain native assets.
Source: brc-20.name
BTNS-420 is a token protocol standard built by @jdegresorg based on BTNS, which integrates various eco features such as asset publishing and transfer.
The emergence of BTNS-420 has given BTNS the following advantages, making its concept possible:
BTNS has made it possible to release assets based on the BTC main chain.
BTNS is completely open source and has no significant controversial discussions.
BTNS can turn BTC into a fully playable and environmentally friendly mainstream eco.
In summary, there are some substantial differences between BTNS tokens and inions and runes:
BTNS tokens do not occupy BTC, while inions and runes will occupy BTC.
The minting of BTNS tokens is more open and fair, while the minting of inions and runes is more centralized.
3. Move Smart Inion MRC20 with Versatile Gameplay
Entering 2024, not only is the infrastructure of Bitcoin’s inion eco constantly expanding and becoming more convenient, but other ecos have also enriched the gameplay and content of inions. The prominent intelligent inion MRC20MOVE in the Move eco has quickly become popular recently.
The first inion MOVE of MRC20 was officially launched on January 1, 2024, and in just three days, 10 billion MOVEs were fully utilized. This measure has locked in over 100w SUI, accounting for one fifth of the total value locked in (TVL) of the entire SUI blockchain. At the same time, the number of addresses where this inion was minted has approached 50000.
Source: mrc20.fun
Specifically, the total number of MOVEs is 10 billion, and each epoch (1 minute) can print one inion per address, so a total of 21600 epochs are needed to complete the process. The number of $MOVEs in each inion is not fixed, and is divided equally based on the number of addresses involved in each epoch.
The detailed gameplays are as follows:
Starting from each epoch, all addresses can participate in inscribing.
Each address can have up to one inion.
Each time you typean inion, you need to lock 0.1SUI.
If multiple requests for inions are submitted within one minute, only one inion will be typed, and the extra 0.1SUI will be stacked and locked within the inion typed in the current epoch.
All locked SUIs are stored in the user’s own wallet, and the user can destroy the inions at any time to retrieve their principal.
There are also some Easter egg gameplay options:
Rampage Acceleration Mode: If each epoch has 500 participating addresses, the acceleration mode will be activated, and the length of each epoch will be shortened.
Winning Mode: The address where the first inion is placed on each epoch will receive an additional inion, without the need to lock 0.1SUI.
Source: @Moveions
The popularity of the Move inion can be attributed to its more interesting gameplay and in line with the spirit of the fair minting.
Unpredictable gameplay
This gameplay results in a different number of MOVE cards obtained with each stroke of the inion. For early participating users, it may be more advantageous as the number of participating addresses increases over time. This mechanism can also be designed to randomly allocate amounts within a numerical range, which is more in line with human gambling like scraping lottery tickets.
The gameplay of locking SUI
This gameplay allows users to destroy the typed inions at any time to retrieve their capital. The user’s funds are not controlled by any third party or contract, and are truly owned by the user’s wallet. Users can retract their actions at any time, making them more flexible.
Easter egg gameplay
The Easter egg gameplay brings more room for imagination to MOVE inions. Various game models, empowerment inions, combined with full chain games or other LEGO gameplay can be derived.
4. Noion for Zero Gas Lottery Mining
Also officially opened on January 1st is the first inion Noion of Nostr.
Noion is Nostr’s first inions protocol, using the PoW mining method based on Nostr NIP13. This inion signs JSON formatted text messages, allowing users to obtain ownership. NIP13 defines the Nostr ticket workload proof method for spam deterrence.
The total number of NOSS is 21 million, with 10 tokens per card. A brand new empty wallet can participate in mining, completely free of charge.
However, since Nostr is not related to blockchain, mint signs the inion text through a public key, but the issue of asset double spending still exists.
However, after the Noion activity started, minting functionality was abnormal due to issues with the Arbitrum RPC node. The official statement states that the node issue has been resolved, but the real problem has only just begun.
After the minting function is normal, there are initially three types of judgments for each minting: blue “Found nonce,” green “Mint Event Pushed!” and red “Request failed.” However, upon receiving a green “Mint Event Pushed!” prompt, the user’s balance displayed an error and could not confirm whether the minting was successful.
Source: @Noion
Subsequently, some community members received the fourth judgment “Miner” and pointed out that this prompt truly represents the success of minting.
Subsequently, various accusations such as “mining difficulties” and “stealing computing power mining” quickly spread throughout the community, and the Noion official website quickly explained this, although it still appeared pale and powerless.
No need for high-end devices: you can dig $nos with your phone. The minting difficulty set by the protocol and NIP-13 is low, and most devices are sufficient to cope.
Not contributing computing power to the Bitcoin mining pool: The difficulty of the NIP-13 challenge does not match that of the Bitcoin mining pool, and the front-end does not interact with the mining pool.
Fairness considerations: To prevent spam, PoW challenges need to be added. Intended for fair minting and publication, it requires some difficulty.
Presently, the token has not been minted completely, and as of the time of writing, the progress has only reached 7.57%. However, various accusations and explanations have spread throughout the community, and whether the project can go viral remains to be further observed.
Source: noion.org
To Sum Up
The recent launch of a series of inion protocols and infrastructure has continued the hype in the inions market and given more possibilities for going viral.
We believe that the era of Inion 2.0 has arrived, and the Inion track is far from reaching the ceiling. The future is still full of infinite possibilities, and we will continue to pay attention to more innovative and effective Inion products to serve more users.
