CoinWorld reported:
CAT20, BRC-20: How to Play and Potential New Opportunities
By Cookie
It has been half a month since the launch of the Fractal mainnet. During this period, I have been deeply involved in the Fractal network with the attitude of “no degen, no voice”. Let me review the opportunities that have emerged on Fractal in the past half month and look forward to the upcoming opportunities on Fractal.
CAT20
Due to Lorenzo’s “milk” on Twitter Space about CAT20, the price of $CAT has risen from 3.5U and is unlikely to turn back. In addition, on September 22, UniSat announced that UniSat products will provide more support for the CAT20 protocol, and the user experience of CAT20 is improving.
Dotswap not only supports the $FB-$CAT Swap, but also supports the liquidity pool of this Swap pair. If we don’t consider slippage and fees, the current price of $CAT displayed on Dotswap is approximately more than 7U (1 card = 5 $CAT), which means that the market value of $CAT is close to $30 million.
In the past half month, in addition to $CAT, there have been three popular new CAT20 tokens:
First is $FBULL, a meme token that has gained popularity mainly because of its official promotion. It has already been fully minted.
Second is $Kibble, a CAT20 token issued by PizzaFarm, a liquidity mining platform on PizzaSwap. They claim to be developing a staking system for the CAT20 protocol, although the utility of $Kibble is not clear at the moment. However, I speculate that it may be associated with their related products on CAT20 in the future.
Lastly, $cat20_pizza, a token deployed by Gaze Network, but they only mentioned that this token was deployed for their cat20_pizza medal event, and it is currently unclear whether it will be associated with their products in the future. This token is still being minted.
In summary, people tend to prefer meme tokens operated by individuals and tokens driven by project teams.
Finally, here is a summary of the tools currently available for CAT20:
Dotswap (@dot_swap): It is undoubtedly the most comprehensive platform for CAT20, offering IPO, swap, and liquidity pool services. The liquidity pool service is worth mentioning. During the active trading of $FB and the launch of the $CAT pool on Dotswap, the LP rewards were good. However, this profit opportunity requires a certain understanding of providing liquidity, otherwise losses may occur.
Satosea (@satosea_xyz): It allows for a maximum of 100 cards per transaction and allows for self-refund of abnormal orders. In addition, they have done a good job in real-time monitoring of IPOs, with real-time flows of popular minted tokens. They also provide monitoring bots on Twitter and Discord for free.
Flur (@Flur69): A product developed by the Ordinals Wallet team, it has the advantage of being cheap, but the user experience still needs improvement.
Gaze Network (@Gaze_Network): Although it may have relatively limited features and advantages compared to the above platforms, it is worth participating in the cat20_pizza event.
BRC-20 on Fractal
Although there have been many negative opinions about Fractal BRC-20 since it was activated at block height 21000 on the Fractal network, mainly because it is considered an unoriginal asset issuance method.
However, in fact, Fractal BRC-20 is quite comfortable for degens. On the night it was activated, most of the tickers that could be traded were profitable, such as $ordinals, $onlyfans, $elonmusk, and so on. Of course, although these tickers can bring considerable returns, there are two challenges: there are too many people minting, and it is a pure PvP game, so the timing of exiting the game is crucial.
Then it developed into a “big truck” competition, which means looking at the number of holders, because this is the key to winning without relying on meme operation – more people means better liquidity. Under this premise, Fractal BRC-20 unexpectedly launched a “food” sub-theme, starting with $burger, followed by $cherry. Both of these “food” tokens performed well after the minting.
Finally, the “food” leader $GLIZZY emerged. This ticker was promoted by the “Goosinals” team and has achieved the strongest performance of Fractal BRC-20 so far – with a market value close to $4.5 million and already listed on Gate.io.
I remain optimistic about Fractal BRC-20. I believe that Fractal does not lack asset issuance protocols, but lacks excellent meme tokens and robust communities built around them ($GLIZZY has already made a good start in this regard). Communities can be migrated, and when the CAT20-related infrastructure becomes more complete, tokens minted through BRC-20 will easily be able to migrate to the CAT20 protocol, just like $PUPS on the Bitcoin mainnet is the best example.
Based on this, I have been paying attention to the ticker $tasinu, because it is the reverse of UniSat (UniSat does not allow the deployment of “unisat” and “lorenzo” on Fractal), and it also means “dog” in reverse.
Among the BRC-20 tokens currently being minted, the most active one is $MoonCats, mainly because of its large supply. People seem to like “big trucks”.
For minting BRC-20 tokens, if you want to minimize costs, it is recommended to use OKX, which currently has no transaction fees. However, the drawback is that only 24 cards can be minted in one transaction. If you pursue efficiency, you can use the UniSat official platform or Dotswap, but the transaction fees will increase the cost. You can choose based on different scenarios, such as the need for fast minting or allowing for slower minting.
Stamp Protocol
Bitcoin veterans should be familiar with the Bitcoin Stamp protocol on the Bitcoin mainnet. The integration of the Stamp protocol with Fractal seems to be initiated by OpenStamp, a trading platform for the Stamp protocol, rather than an official statement from Fractal.
But precisely because it is OpenStamp doing this, it may be even more impressive… This is because on March 21 of this year, OpenStamp announced that it had completed a seed round of financing with a valuation of $50 million. It was led by Animoca Ventures, with participation from 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 was not disclosed.
The tweet screenshot above mentioned that the Stamp protocol on Fractal will be launched on September 26. We will keep an eye on OpenStamp’s official announcements to see how to participate.
Domain Names and Small Images
These two are mentioned together because there is not much to say…
.fb domain names were basically not in demand when Ordinals was activated at block height 21000. As a result, many players registered some “fancy numbers” at that time, and the profits were good when they were resold at the peak of popularity.
As for small images, the most popular one when block height 21000 was activated was the “Fractal Goose”. But later, the total supply increased and a limited-time unlimited sale was conducted, and then there was no more news. There haven’t been any particularly outstanding small image projects since then, lacking new ideas.
Currently, the leader is a high-definition series of DomoDucks, issued by DomoDucks on the Bitcoin mainnet, with a total supply of only 256 cards. The floor price is currently 65 $FB, and the total trading volume on the UniSat market has exceeded 6600 $FB.
However, it is still too early to draw conclusions about .fb domain names and Fractal small images, because the CAT20 protocol also has a CAT721 component, and there may be some new gameplay related to it in the future, creating differentiated value from art collections on the Bitcoin mainnet.
Conclusion
Although the price of $FB has dropped significantly compared to the high point of nearly $40, the degen experience on Fractal has been quite satisfying so far. Generating a block every 30 seconds to 1 minute is excellent for the experience of minting BRC-20 and CAT20 tokens, so there is no need to wait for a long time like on the mainnet and watch your UTXO or “dead orders” getting stuck. It feels a bit like the “Bitcoin version of Solana”.
If Fractal’s positioning as an “experimental field” is correct and can ultimately be accepted by the market, then it is possible for Fractal to surpass BSV/BCH. Things are always changing, just like classifying the currently popular foldable smartphones as the flip phones that were popular many years ago, which is completely wrong. Fractal cannot be compared to BSV/BCH.
However, it is too early to talk about this lofty ideal. I just want to suggest that everyone participate in the Fractal ecosystem because it is really fun: )
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Several major opportunities worth reviewing on Fractals platform after half a month online
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