SATS rose 250% in two days, what happened to the BRC-20 market?
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Recently, the BRC-20 token sats has continued to rise. Coingecko data shows that in the past half month, the price of sats has been hovering around 0.00000002 USDT for a long time. In the past two days, the price has climbed rapidly, reaching a maximum of 0.00000007 USDT, with a maximum increase of nearly 250%. What has happened in the BRC-20 market recently?
Meme coins that Impossible to mint
When it comes to sats, the biggest impression people have on it is its extremely large supply. The total supply of sats is 2,100,000,000,000,000, which is 2,100 trillion, which is 100 million times that of Bitcoin.
Therefore, at the beginning of its launch, many users did not believe that this BRC-20 token would eventually be fully minted. But the enthusiasm of users is powerful, and sats, a meme named after Satoshi Nakamoto, was eventually fully minted.
On September 24, the casting progress of sats reached 100%, with the total number of castings reaching 21,107,258 times and 36,061 holders. The casting started on March 9, 2023 and took a total of 6 months.
Judging from the number of participants, there are enough sats, which to a certain extent represents sufficient "decentralization". Moreover, the token name itself is an "innate advantage", which also gives sats a certain advantage in the competition on the meme track.
Meme coins turned into utility tokens
As the scale of the sats community expands, UniSat, the largest wallet developer in the BRC 20 ecosystem, has also taken a fancy to this "hot potato". The UniSat team is trying to empower sats and increase application scenarios. (note: UniSat Wallet is a Chrome plug-in wallet for the BTC ecosystem, helping users store, mint and transfer BRC-20 tokens, including buying and selling BTC, NFT, domain names, etc.)
The story of Meme coin "empowerment" is not the first time it has happened in the crypto world. Previously, DOGE and SHIB had once triggered heated discussions in the market for "issuing chains". The story this time comes from the fee consumption of swap. In UniSat's latest brc20-swap, sats will be charged as a handling fee, which will cause users to consume a lot of sats.
UniSatWallet stated that brc20-swap will charge a 0.3% service fee to all users participating in the transaction. About 1/6 (0.05%) of this fee is collected by UniSat, and the remaining 5/6 (0.25%) is allocated to each trading pair. All liquidity providers. This fee structure is primarily based on the rate scale currently used by UniSwap. Regarding the use of handling fees, UniSat will donate 2% of its income to L1F (Layer1Foundation). In addition, UniSat will open the fully interpreted and verified source code of brc20-swap to facilitate early support of the indexer.
At present, the brc-20 protocol and even the entire Ordinals ecosystem are still in their early stages, and UniSat occupies a huge market share and influence. Sats is favored by UniSat and provides itself with great positive expectations. OKX data shows that sats generated approximately US$2 million in trading volume in the past 24 hours.
BRC20-swap went online with twists and turns
Previously, due to the "original" user experience and poor liquidity, brc-20 tokens still belonged to the "small circle" niche track, and the lack of infrastructure made it difficult for EVM whales to enter. The opening of UniSat's brc20-swap has opened a channel for more users to enter the Bitcoin ecosystem and trade BRC-20 tokens. The launch of this product has also experienced some setbacks.
On September 27, UniSat Wallet announced the launch of the brc 20-swap testnet, where users can mint BRC-20 tokens, deposit, trade and increase liquidity on its testnet.
On October 10, UniSatWallet announced the release schedule of the brc20-swap mainnet, which is planned to be launched on October 25.
On October 22, UniSat itself encountered technical difficulties. Some users discovered that different markets are using different versions of ord, which index different inscription numbers. Before MagicEden, OKX and UniSat Wallet all used the same ordinal number, there was a risk of double spending when trading BRC-20.
UniSat later issued a response on . We are monitoring the work of contributors and indexers and will promptly notify our users." On the same day, Magic Eden suspended BRC-20 trading.
On October 25, the original scheduled mainnet launch time for brc20-swap has arrived. However, UniSat delayed the launch of the product and postponed its mainnet launch to October 31. At the same time, it stated that during the initial mainnet launch, the team will continue to distribute Prime Access for free; as more users join, the team The performance of the system will be closely monitored and any issues that may arise promptly addressed; after a series of iterations, all features will eventually be made available to all users.
On November 1, Beijing time, the brc 20-swap mainnet was officially launched. However, unlike common "permission-free" DEXs, brc20-swap still requires a certain "permission" before trading can be started.
Among the first batch of online assets, UniSat has included 14 inscription assets in the first batch of support lists for the brc20-swap mainnet, namely: sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, .bit, vmpx, pepe, mxrc. Specifically, asset open trading adopts an "on-demand transaction" model: only when a new user deposits relevant assets into brc20-swap, the withdrawal request can be used.
It seems too early to draw a conclusion on how far the BRC-20 ecology can go. It might as well let the bullets fly for a while and wait for development.
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XWORLD Has Updated 52 Versions in Alpha Test, For A Stunning Release
XWORLD, the top-tier games, and apps recommendation platform, has recently released 52 versions for alpha testing. These versions have been carefully developed and refined to ensure a stunning release in the near future. XWORLD aims to provide users with a curated selection of the best games and apps available, ensuring an exceptional user experience.
Stay tuned for the exciting release!
X-World Version Update Records (Last 10 updates)
Client 3.1.34
Release time: 2023/10/20
Optimization — Acceleration of $BUILD mining with H5 games participating in
Optimization — Home page UI optimization
New — Flash sale product notices added to homepage and game selection page
Client 3.1.33
Release time: 2023/10/13
Optimization — Some UI details
Optimization — Adjust the digging $BUILD boot style
Added — Pop-up window of new user digs $BUILD prompt
Added — Novice task guide (dig $BUILD guide)
Fix — Handle human detection timeout issue
Optimization — Smartlook screen recording logic
Client 3.1.32
Optimization — Adjust some UI details
Optimization — Added pop-up prompts for blank/error on network alliance task download page
Optimization — Deal with the problem that some mobile phones cannot open permissions
Optimization — The wallet balance increases currency switching, and the wallet hides tokens with a balance of 0 by default
Client 3.1.31
App Store Path Adjustment
Modify the minimum amount for forced wallet creation and backup wallet to 0.2 USD.
Remove new user interest guidance
Remove fresco and reduce package size
Client 3.1.30
Fix the problem of integrating Smarlook
Fixed the problem of incorrect loading of images in the game recommendation list
Client 3.1.29
Added — Game recommendation list supports video playback
Added — First transaction build adds withdrawal guidance
Added — Smartlook (tool for recording user behavior)
Optimization — Add pre-cache for novice pop-up window
Optimization — add external link style to community posts
Optimization — Add security prompt in permission guidance pop-up window
Optimization — When returning to the audit status in the background, the Client adds audit judgment and reports it
Optimization — Change the threshold for creating a wallet to 0.05 USD.
Fix — Deal with the problem that the prop store is not displayed when the application is first opened after installation
Fix — Deal with issue with video sound still playing after exiting video post
Fix — Meizu phone failed to navigate to the application usage permission page set by the system
Optimize other UI experiences and handle other issues
Client 3.1.28
Added the function of sending pop-up windows in the background
Application display status bar/navigation bar
Optimize some UI displays and fix known issues
Client 3.1.27
Add gaid to obtain retry mechanism
Optimized web3 zone revision
Adjust some UI and fix known issues
Client 3.1.26
Added push notification to support icon display function
Added the function of displaying/hiding small red dots in all bottom tabs of the homepage
Added deep chain support to jump internal product/post/event details page
Added the function of selecting interests for new users after registration
Added functions for novice tasks and guidance
Optimize the experience of changing the personal page address URL to the page path (Client multilingual processing)
Optimize the experience of displaying balance for users who have not created a wallet
Optimize the experience of following the author from the post details page and then returning to update the following status
Optimize the experience of displaying high build guides on the library page once a day
Fix the issue of selecting image permissions for android13
Fix the problem that the UUIDs reported by the exposure of community list items are all the same
Fix the problem that clicking tab refresh fails
Fix the problem of anr caused by web3 wallet initialization
Fixed the issue of 403 error (restoring wallet function) when accessing links on some mobile phones
Modify the app icon
Client 3.1.25
Deep Chain supports jumping to fan list
Payment/binding deep chain modification, payment interface parameter modification
Client 3.1.24
Add functions for editing and deleting posts
Add web3 page and the following tabs on the homepage
Add the function of viewing larger images to the community map
Add application to expose and report in the foreground
The unified password for payment function is the wallet password
Post search adds recommended games that can be associated
Optimize the process of posting and selecting images
Add follow/unfollow author function to post details page
Add the function of clicking the post user avatar to jump to the guest status page
Client 3.1.23
Change package name, signature, and configuration again
Audit logic change
Added Client Settings page
Other issues to deal with
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XWORLD & Bitcoin: Pioneering the Future of Gaming in the BRC20 Ecosyste
In the digital realm, innovation is paramount, and XWORLD is at the forefront of this dynamic landscape. As a leading Web3 Games & Apps Store, XWORLD is known for its groundbreaking initiatives. Now, it is set to make waves in the Bitcoin ecosystem, specifically in the burgeoning world of BRC20.
XWORLD: Bridging Web2 Users to the Bitcoin Ecosystem
The Bitcoin ecosystem, with BRC20 as its spearhead, is exploding with potential, and XWORLD is uniquely positioned to tap into this potential. The platform plans to inject a new wave of users into this ecosystem, namely Web2 internet and game users from Southeast Asia. This strategic move is designed to foster a seamless transition for these users to embrace the opportunities within the Bitcoin ecosystem.
XWORLD’s mission is not just to introduce these users to the world of Bitcoin but to deeply involve them in it. By integrating their platform with the Bitcoin ecosystem, XWORLD aims to empower these users to participate in, contribute to, and ultimately benefit from the dynamic world of BRC20.
The QUEST Treasure Hunt: Your Gateway to Top-Level BRC20 Tokens
As part of its foray into the Bitcoin ecosystem, XWORLD is launching the QUEST Treasure Hunt activity. This unique initiative is designed to reward users for their engagement on social media platforms like Twitter. Users only need to use exclusive tags when commenting, forwarding, and posting to receive generous amounts of top-level BRC20 tokens SATS.
The QUEST Treasure Hunt is more than just a promotional activity; it’s a gateway for users to delve into the world of BRC20. By participating in this activity, users can acquire SATS tokens, paving their way towards becoming active participants in the Bitcoin ecosystem.
Inscription Tokens on BRC20: A Million Opportunities to Harvest Web3 Wealth
Looking ahead, XWORLD has even bigger plans. The platform is considering issuing inscription tokens on BRC20. This move will provide a million gamers with new opportunities to harvest Web3 wealth. It’s a bold step towards democratizing access to the Bitcoin ecosystem and Web3 wealth creation, underscoring XWORLD’s commitment to pioneering the future of gaming in the digital age.
XWORLD’s involvement in the Bitcoin ecosystem signals a new era for gamers and internet users. As the platform continues to innovate and push the boundaries of what’s possible, it’s clear that the future of gaming lies in the intersection of Web3 and Bitcoin.
So, are you ready to embark on this exciting journey with XWORLD? Follow us on Twitter at https://x.com/xworld_store and join the QUEST at https://xworld.store/quest. Together, let’s shape the future of gaming in the Bitcoin ecosystem.
XWORLD — Pioneering Web3 Games & Apps Store.
Earn Profits & Assets From Your App Usage Time
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