🧢🐸 Jackie Chain 🧢🐸

Why inscribe data onto a computing layer? Some thoughts on ERC20i : Inscriptions: A new way to embed data Ordinals introduced the concept of permanently inscribing static data onto Bitcoin satoshis, creating immutable NFTs. However, this approach has limited flexibility and computational capability, requiring a social layer to read or write NFT data. The Bitcoin community is exploring the potential of adding more computational abilities through proposals like BIP 420. Ethereum, on the other hand has long been the standard for programmable blockchain tech. Ethereum's Turing-complete environment supports complex smart contracts, allowing for more expressive token standards like ERC-721, which underpin most NFTs. However, storing data directly on Ethereum can be costly, so ERC721 stores an external pointer for image data. Enter ERC-20i ERC20i is a new innovative token standard on the Base network that extends the capabilities of traditional ERC-20 tokens. This standard inscribes data onto each token, making them unique and dynamic as this data changes with every transaction in a predetermined way They behave like regular ERC-20 tokens and can be used across all Dapps and DeFi trading products such as Uniswap. Storing data on-chain is also cheaper on @Base, making it a more affordable option. ERC-20i's were introduced by @toddstooldoteth with the launch of @Fungi_ERC20i and you can find the WP here - fungifungi.art/whitepaper.pdf. Other projects, such as @JelliERC20i, are using the protocol to create animated NFTs. These tokens are fully on-chain, hosting dynamic art without needing third-party storage. Fungi: Where Art Meets Community A unique' seed' is generated with each buy, sell, or transfer of $FUNGI, creating a Fungi NFT that's attached to a wallet. There are two types of inscriptions- A dynamic inscription changes with every transaction, while a stable inscription remains unchanged. If the entire amount of tokens linked to an inscription is moved, the art remains intact. ERC-20i's can be easily recognized as part of a collection, combining the memecoin effect with a sense of community. By integrating unique characteristics into each token along with the advantage of being highly liquid, projects can build a sense of identity and storytelling around tokens, fostering a deeper connection with their holders.

microPEG // soon wrap 0.1 $uPEG and receive a fully rendered 12x12 microPEG. tradable via uPEG/mPEG liquidity pool. every mPEG minted absorbs $uPEG from circulation. whole integers become harder to generate. another first for @Uniswap v4 hooks. two collections within one. 🦄

Finally verified my X account just to explain uPEG in much simpler terms 🦄uPEG FOR DUMMIES: • Only 10,000 $upeg exist • 1 full $upeg = 1 Unicorn NFT (max 10,000 ever) • “Dust” = anything under 1 full $upeg You need to buy 1 full $upeg via the Uniswap v4 Hook to mint a Unicorn. If not via the v4 Hook, it will not work. (see photo below) Your $upeg is always there. Minting a Unicorn simply attaches an NFT to that 1 full coin. “Dust” is still important, it’s part of the total supply and grows as uPEG grows. Talking value ofc. When you sell, you are selling the $upeg normally. The attached Unicorn NFT is burned, and the $upeg returns back into circulation. DDR = Dust Dominance Ratio Higher DDR = more supply sitting as dust instead of full Unicorns. (see chart below) As 1 full uPEG becomes harder to obtain, more of the supply naturally turns into dust. Example: if 1 full uPEG costs $10k, most people won’t buy a full one, they’ll buy fractions instead (“dust”). Just like you don’t usually buy a full Bitcoin at once. So as you can see: More dust = fewer full Upeg coins = lower active Unicorn NFT supply. Owning even 1 full uPEG is already a big deal. The team is still actively shipping, with new teasers of what look like “baby”?unicorns. Lots of speculation, but no clear idea yet where or how they come into play. Follow @unipegv4 to stay updated. This is just baseline knowledge you need to understand. There’s a lot more under the hood if you choose to dive in deeper. Share around if this was helpful for you. 🤘🦄