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Half a month after going online, several opportunities worth reviewing on Fractal

BlockBeatsBlockBeats2024/09/25 03:24
By:BlockBeats

How to use CAT20 and BRC-20? And potential new opportunities...

It has been half a month since the Fractal mainnet was launched. During this half month, I have been playing in depth on the Fractal network with the attitude of "no degen, no right to speak". Let me take you through the opportunities that have appeared on Fractal in the past half month, and look forward to what opportunities are worth participating in on Fractal in the future.


CAT20


Since Lorenzo himself "milked" about CAT20 on Twitter Space, the price of $CAT has risen from 3.5U, and it may be difficult to turn back. In addition, on September 22, UniSat's official Twitter announced that UniSat products will soon provide more support for the CAT20 protocol, and the user experience of CAT20 is getting better and better.


Dotswap not only supports the $FB-$CAT Swap, but also supports the liquidity pool of this Swap pair. If slippage and handling fees are not considered, the current $CAT price displayed on Dotswap is about 7U per piece (one piece = 5 $CAT), which means that the current market value of $CAT is close to 30 million US dollars.


In the past half month, in addition to $CAT, there are mainly 3 new popular CAT20 Tokens:


The first is $FBULL, which is a meme Token. It is popular mainly because there is an official push in operation. It has been minted.


The second is $Kibble, which is a CAT20 Token issued by PizzaFarm, the liquidity mining platform of PizzaSwap. They claim to be developing a staking system for the CAT20 protocol. Although the utility of $Kibble has not been clearly stated yet, the editor speculates that it may be associated with their related products on CAT20 in the future.


Finally, $cat20_pizza is a token deployed by Gaze Network, but they only mentioned that this token is a fair minting token deployed for their cat20_pizza badge activity. It is not clear whether it will have any connection with their products in the future. This token is still being minted.


In summary, people still prefer meme tokens operated by people and tokens driven by project parties.


Finally, let me summarize the tools that are currently available for CAT20:


- Dotswap (@dot_swap). New issuance, Swap, adding pools, Dotswap is undoubtedly the most comprehensive platform for CAT20. I have to mention adding pools. Some time ago, when $FB was actively traded, and when Dotswap just launched the $CAT pool, the income from LP placement was still good. However, this profit opportunity requires everyone to have a certain understanding of LP placement, otherwise they will suffer losses.


- Satosea (@satosea_xyz). A single transaction can be up to 100, and you can apply for a refund for abnormal orders by yourself. In addition, the real-time monitoring of new IPOs is quite good, with real-time streams of popular tokens, and monitoring robots are available for free on Twitter and Discord.


- Flur (@Flur69). The product made by the Ordinals Wallet team has the advantage of being cheap, but the disadvantage is that the user experience needs to be improved.


- Gaze Network (@Gaze_Network). Compared with the above functions and advantages, it may be relatively simple, but cat20_pizza's activities can be moderately participated in.


BRC-20 on Fractal


Although after the Fractal network block height 21000, that is, BRC-20 was activated, the editor heard a lot of voices that were pessimistic about Fractal BRC-20, mainly saying that this is an unoriginal way of issuing assets.


But in fact, Fractal BRC-20 is very comfortable for degen. On the night of the first activation, tickers that could be played basically made money, such as $ordinals, $onlyfans, $elonmusk, etc. Of course, although the multiples that these tickers can bring are considerable, one is that too many people are scrambling for Mint and it may not be possible to play, and the other is that it is a pure PvP game, and the timing of winning and leaving is very important.


Then it developed into a "big truck" competition, that is, looking at the number of Holders, because this is the only way to win in the absence of a meme operator - more people means better liquidity. Under this premise, Fractal BRC-20 actually ran out of a "food" small main line, first the hamburger $burger, then the cherry $cherry, and these two "foods" performed well after the game.


Finally, the "food" leader $GLIZZY ran out. This ticker has the "big goose" Goosinals team calling orders, and it also ran out of the strongest performance of Fractal BRC-20 at present - the current market value is close to 4.5 million US dollars, and it has been launched on Gate.io.


I continue to be optimistic about Fractal BRC-20. I think that there is no lack of asset issuance protocols on Fractal, but there is a lack of excellent meme tokens and a strong community formed around excellent meme tokens ($GLIZZY has already made a good start). The community can be migrated. When the CAT20-related infrastructure is more complete, the tokens running through BRC-20 will be easily migrated to the CAT20 protocol. $PUPS on the Bitcoin mainnet is the best example.


Based on this, I have been paying attention to the ticker $tasinu, because this ticker happens to be UniSat written backwards (UniSat does not allow the deployment of the two tickers "unisat" and "lorenzo" on Fractal), and the reverse happens to mean "dog".


Among the Fractal BRC-20 tokens that are still being minted, the most active one is $MoonCats. The reason for this is that the total amount is large, and everyone still likes "big trucks".


When casting BRC-20 Token, if you are looking for the lowest cost, it is recommended to use OKX, which is currently free of handling fees, but the disadvantage is that you can only mint 24 at a time. If you are looking for efficiency, you can use the UniSat official platform or Dotswap, but the handling fee will increase the cost. You can choose this in different situations where you need to chase hot spots and mint quickly/large volumes allow slow minting.


Stamp Protocol


Old players of the Bitcoin mainnet should be familiar with the Bitcoin Stamp protocol. This integration of the Stamp protocol and Fractal does not seem to be an official statement, but was initiated by OpenStamp, the trading platform for the Stamp protocol.



But it is precisely because OpenStamp is doing this that it may be even more awesome... Because on March 21 this year, OpenStamp announced that it had completed a seed round of financing with a valuation of US$50 million, led by Animoca Ventures, and participated by KuCoin Ventures, MH Ventures, VitalTao Capital, Lotus Capital, Brotherhood Ventures, Blue Node Capital, D64 Ventures, Luminescence Capital, Spicy Capital, Halvings Capital, SPEC Capital and YM Capital. The specific amount of financing has not been announced.


The tweet in the screenshot above mentioned that the Stamp protocol on Fractal will be launched on September 26. We will keep an eye on OpenStamp's official tweet to see how to participate at that time.


Domain names and small pictures


These two are put together because there is really not much to say...


.fb domain names were basically not very popular on the night when the Ordinals protocol was just activated at block height 21000, which led to many players registering some "good numbers" at that time. The profit was actually good when they were resold when the popularity was the highest.


As for small pictures, the most popular one when block height 21000 was just activated was "Fractional Goose", but then the total amount expanded, and a limited time unlimited was made, and then there was no sound. There is nothing very outstanding in the subsequent small picture projects, and they lack novelty.


The current leader is DomoDucks on the Bitcoin mainnet, which issued a high-definition series of only 256 photos on Fractal. The floor price is currently 65 $FB, and the total transaction volume on the UniSat market exceeds 6600 $FB.



But it is too early to draw conclusions about .fb domain names and Fractal small pictures, because the CAT20 protocol has another CAT721 part, and it is very likely that some new related gameplay will appear in the future, creating a differentiated value from the art collection on the Bitcoin mainnet.


Conclusion


Although the price of $FB has fallen significantly compared to the high point of nearly $40, I am quite satisfied with the degen experience on Fractal so far. A block is generated every 30 seconds to 1 minute, which is quite excellent in the experience of new BRC-20 and CAT20 Tokens. You don’t have to wait for a long time like the main network and watch yourself get stuck UTXO or "dead orders". It feels a bit like "Bitcoin version of Solana".


If Fractal’s positioning of its "experimental field" is correct and can be accepted by the market in the end, then it is possible for Fractal to surpass BSV/BCH. Things are always changing, just like we simply and crudely classify the popular folding screen mobile phones now as flip phones that were popular many years ago, which is completely wrong, and Fractal cannot be compared with BSV/BCH.


However, let’s put this lofty ideal aside for now. In the end, I just want to suggest that everyone participate in the Fractal ecosystem, because it is really fun:)

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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