Source: Daoshuo Blockchain
The development of the Inscription ecology is very similar to the development of other encryption ecology: that is, there are assets first, and then various various products are derived around the assets. services and applications.
Before about June this year, the inscription ecology was still quite immature - the technology had just started and there were only a few participants. In that case, there is no ecology at all, so the entire ecology is almost monopolized by the simplest application-asset issuance.
After that, as some inscribed assets gradually accumulated a certain consensus and value began to emerge, ecosystem developers began to try to develop other more interesting and complex applications in the ecosystem. This effort continued until about November, and the effect has been quite obvious: in the Bitcoin ecosystem, which has the most developed Inscription ecosystem, a large number of various applications surrounding Inscription assets have appeared.
Most of these applications imitate Ethereum’s DeFi, but there is a type of application that is a little bit special. Although it does not seem original, in a sense, it seems to have become the inscription of the current Bitcoin. The hottest segmented track in the ecosystem:
Asset issuance platform (launchpad).
I think most readers will be familiar with asset issuance platforms. In the early years, several major exchanges were very active asset issuance platforms.
The most prominent feature of this type of application is that it provides a barrier for retail investors to invest, helps investors screen certain projects, and reduces investors’ investment to a certain extent. risk; on the other hand, it also provides a good platform for project launch, especially the accumulation of preliminary consensus.
Although whether this screening is as fair and reliable as imagined is a matter of opinion, it does meet the rigid needs of the two major participants in the ecosystem (project parties and investors).
Therefore, this type of application itself can quickly gather popularity, and can also become an important channel for us retail investors to observe ecological development trends and discover new projects.
In this round of Bitcoin’s inscription ecology, two projects were the first to become leaders in this type of application: turtsat.io and bounce.finance.
Turtsat is a new project in the Bitcoin ecosystem. It uses a method to encourage users to mortgage their native tokens (TURT) in exchange for (EGGS) to participate in the new project whitelist and cooperate with various project parties to issue projects.
Bounce is an out-and-out old project. It was born in 2020. When it was first born, its business model was asset issuance---issuing assets through auctions. At that time, its interface was very simple and plain. In the early stages of its development, because of some projects, the currency price also rose sharply, and it was very popular for a time.
However, in its subsequent development, its performance was mediocre, and even in the subsequent bull market, there was nothing unique and innovative.
Unexpectedly, after the rise of the Bitcoin Inscription ecosystem, this old project would once again borrow assets to issue this business, relying on the Bitcoin Inscription ecosystem to rise again.
In the past month of development, the tokens (TURT, Auction) of these two projects have increased 10 times and 5 times respectively through the issuance of inscription assets.
Although this increase is not worth mentioning compared to the increase of some inscription assets, it symbolizes to some extent the formation and rise of a subdivided track in the Bitcoin ecosystem. , can drive the development of a number of projects and ecology.
The rise of this project, especially the success of Bounce’s “old trees sprouting new shoots”, has brought a strong shock to the entire ecosystem. Now more and more project parties have begun to learn it, hoping to take advantage of this wave of popularity in the Bitcoin ecosystem to reactivate old projects.
The most typical ones are bakeyswap.org and dego.finance in the BSC ecosystem.
In addition, a number of projects in the original Bitcoin ecosystem are also preparing to imitate Turtsat, such as the oracle alexgo.io of the Bitcoin ecosystem.
What’s more interesting is that now, whenever a project makes rumors or takes action to develop an asset issuance platform (launchpad), the currency price of the project will explode instantly.
I believe that whether you really hope to use this trend to resurrect old projects or you are using this trend to boost currency prices, there will definitely be more new and old projects joining the "battle".
In addition, it is worth noting that now only the Bitcoin ecosystem has these relatively well-known asset issuance platforms, while other public chains full of inscriptions do not have similar projects yet.
But, will they be absent?
The "war" in this subdivided track has just begun.
JinseFinance
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