originality Joy of Anzhiyu Joy of Anzhiyu

15 August 2024 14: 59 Zhejiang 5 people have heard it.

We will provide you with valuable and interesting coin circle information.



Into the group plus V:KP92877

Author: Ann Zhiyu Joy

"In trading and investing, it's not how much you make, it's how much you don't lose." - Bernard Baruch



01

The BRC-20 token SATS has been particularly eye-catching lately. From the August 5 low, the price doubled in just 10 days; On August 12, the increase was more than 24%, and the market value exceeded the original BRC-20 plate boss ORDI, successfully ranked among the top 100 crypto market.

Most people interpret this wave of rise as the good news that Fractal Bitcoin will go online in September to cash in advance. The founder behind Fractal Bitcoin is the Bitcoin Ecological WalletUniSatIn fact, UniSat has also tried to enable SATS before, but the effect is general.

Due to its large volume and large number of holders, SATS was once regarded as the largest meme in the bitcoin ecosystem.

So why is UniSat so committed to supporting SATS? What are the odds of success this time?

Into the group plus V:KP92877



First Empowerment Attempt, BRC-20 swap to charge SATS as Hand Continuation

No matter how many times the story of SATS is told, it is still considered a legend in the bitcoin ecology.

As the first large-scale Meme token cast on the Bitcoin ecology, the total amount of SATS is as high as 2100 trillion, the casting process took half a year, and the number of addresses held by the casting is 36,000. And unlike other BRC-20 tokens minted later in the inscription boom, the casting of SATS was mostly done at a low point in the bitcoin ecosystem, which also meant that it had a loyal group of bitcoin users behind it.

Such a large and loyal community was naturally not ignored by UniSat, the mainstream bitcoin ecological wallet at that time. Shortly after the SATS casting was completed, UniSat announced that it would enable SATS in the BRC-20 swap launched on its main network. Specifically, SATS will be used as a transaction fee, with all participating users paying a 0.3% service fee, of which 1 / 6 (0.05%) is owned by UniSat and the remaining 5 / 6 (0.25%) is allocated to the liquidity provider of each transaction pair.

However, the first attempt to enable SATS ended in failure. The BRC-20 swap module developed by UniSat went live on the Bitcoin mainnet in November 2023, but due to the "on-demand transaction" model, Not a fully decentralized, unlicensed system, and in conjunction with disagreements with other developers over the construction of the BRC-20 ecosystem, UniSat suspended the BRC20 swap service in April 2024 and returned all SATS charged prior to the suspension to users in the form of airdrops.

UniSat Plans to Motivate with SATSIndexerPerform secondary empowerment

In addition to operating by charging fees, UniSat has tried other ways to increase the value of SATS. In December 2023, UniSat announced that starting in January 2024, they would have their own indexer running mining and use SATS as a reward.

Into the group plus V:KP92877

This is the second time UniSat has tried to provide support for SATS, but this time too was unsuccessful. The BRC-20 indexers on the market at the time were fragmented, with several major companies having their own indexers, and UniSat was hit by some attacks. Leonidas, the founder of Runestone, asked UniSat to open up their indexer on the X platform, and questioned whether they were delaying open source to create a competitive barrier.



Due to various factors, UniSat finally decided to abandon the plan to create an independent indexer, and their second attempt to use SATS as a mining reward failed.

The Third Empowerment Plan, Fractal Empowerment SATS, Continuation of Mainnet Will

Despite the failure of the first two attempts, UniSat is not giving up. In July of this year, they again announced their third empowerment plan for SATS.

This time, UniSat plans to use SATS as a reward for Fractal Swap on Fractal Bitcoin, a Bitcoin extension they developed. FractalSwap uses a competitive rollup mechanism where users earn SATS rewards by packaging their rollup results into a sorter.

Against the backdrop of the BRC-20 ecological downturn, UniSat's new plan has received a warm response from the community and the market, with SATS up more than 30% on the day.

In fact, UniSat's empowerment of SATS on Fractal Bitcoin is not without warning. Earlier this year, UniSat revealed their plans to use SATS as a rollup reward mechanism on the X platform.

Into the group plus V:KP92877

In addition, in the official announcement announcing the closure of the mainnet BRC-20swap, UniSat also mentioned that future airdrops on the Fractal Bitcoin mainnet will prioritize users who have previously interacted with the mainnet BRC-20swap and deposited assets.



If UniSat's previous closure of the mainnet BRC-20swap was a last resort choice due to various limitations, then the swap on Fractal Bitcoin is a continuation of the mainnet BRC-20swap will, and the constant is the continuous empowerment of SATS.

Will this empowerment succeed?

Why does UniSat insist on enabling SATS rather than choosing other BRC-20 tokens?

There is a view that UniSat may be one of the main makers of SATS, controlling a large number of chips, and this enabling move may be mainly motivated by its own interests. Another view is that UniSat just saw the trend in time and complied with the market development, just like when DOGE and SHIB and other meme coins rise, related projects will also provide various enabling support.

As for whether Fractal Bitcoin's empowerment of SATS will succeed, there is no conclusion at this time. After all, the first two failures of empowerment were related to the challenges facing the business itself, and Fractal Bitcoin is currently experiencing some similar problems. For example, how the cross-chain scheme between the Bitcoin mainnet and FractalBitcoin should be chosen to ensure security and efficiency, and whether running OP _ CAT can really improve the programmability of FractalBitcoin are currently uncertain factors.

However, judging by the performance of SATS itself, since its founding, it has been listed on the mainstream exchanges and has experienced several fluctuations in the bitcoin ecosystem. In terms of on-chain data, the number of SATS addresses is still growing and currently stands at 49,019, exceeding the number of addresses held when casting was completed.

So whether UniSat succeeds or not, the future of SATS may not lie in whether it becomes a meme coin or utility token. The key is that as long as its popularity and popularity remain, even if UniSat fails, there will be more similar projects to continue to promote the development of SATS.

Write at the end

Please always remember that only a few people make money in the cryptocurrency market, and the vast majority lose money.

The bull market is coming to understand one thing, the bull market is who makes money, who provides the money, the big bull market is a big wealth transfer, the greater probability is to transfer your only money to others, retail investors should be in awe of the bull market.



Into the group plus V:KP92877



3 seconds plus stars, don't worry about not finding me anymore

If you like, order one for me.inseeOh

Altcoins287

SATS21

Altcoin · Table of Contents

The Last OneXRP Crazy Future: Precipitators predict an amazing increase of 42,000%, and the target price is close to $600!Next ArticleCPI data is good! The market is not going up but down? Lead a play dead leek! Long and short game for bitcoin only 5.8W knife! The bull market turned bear?

Read 162