Original - Odaily
Author - Asher
Editor - Qin Xiaofeng
Due to the recent continued decline of BTC, both primary and secondary transactions in the Inscription market have been relatively deserted. However, the inscriptions on the ARC-20 plate still have a certain degree of popularity, especially QUARK and SOPHON. Odaily takes you to learn more about ARC-20 tokens and popular projects in this ecosystem.As a reminder, the market fluctuates greatly, so be sure to conduct sufficient research before investing.
Quark and Sophon both belong to ARC-20 tokens. ARC-20 tokens are a dyed currency model. The registration information is engraved into the transaction script, the balance is represented by the Satoshi number of UTXO, and the transfer function is completely handled by the BTC main network. The ARC-20 standard stipulates that the minimum unit of each ARC-20 token is 1 Satoshi. This not only ensures a minimum value for the token, but also makes creating and managing AEC-20 assets efficient and flexible. It is worth mentioning that the uniqueness of the ARC-20 naming system reduces the negative impact of altcoins and makes the entire system clear and unified. Below, we focus on two popular projects in this sector - QUARK and SOPHON.
QUARK: The largest number of currency holding addresses
In the last week of December, almost the entire Bitcoin ecosystem was mining QUARK. Its English meaning, QUARK, is the basic unit of matter. Similar to SATS, the smallest unit that makes up Bitcoin, quark has Meme properties to a certain extent. Because Quark has the characteristics of a large number of currency holding addresses and strong basic consensus, many community members believe that Quark is expected to become a Meme coin that can break out of the Atomics ecosystem.
From an engagement perspective, Quark’s design has certain advantages. On the one hand, the total number of quarks is 500,000, and each quark contains 20,000, which means that it will take a long time to mint. Such a design can attract more people to participate and form a certain consensus. On the other hand, the difficulty of Quark Mining is 6, which is relatively simple compared to Electron and Neutron, allowing more people to participate in the first-level casting process. During the entire minting process, the average cost of each quark is approximately US$20-30. The figure below shows the minting cost of the BTC network Gas at around 97, which is approximately US$23.2.
Quark casting cost (Gas= 97)
In the secondary market, the price of quarks is as high as 17.4 SATS, which translates into a value of 0.00348 BTC per piece (i.e. 20,000 quarks), which is approximately US$139. Compared with the average cost of primary casting, the maximum increase is 450%. , the current price is 8.73 SATS. Quark’s currency holding addresses are as high as 14181, making it the token with the most currency holding addresses among ARC-20 assets.
Quark secondary market
Secondary market purchase link:https://atomicalmarket.com/market/token/quark。
SOPHON: Each ticket requires 100,000 Satoshi BTC to be locked
SOPHON is different from quark. In short, each time a sophon is mined, 100,000 satoshis of BTC need to be locked. Assuming that the current BTC price is US$40,000 per coin, then one needs to lock BTC worth US$40 and pay an additional gas fee. Considering that the total number of sophons is 420,000, according to the rules for mining sophons, the equivalent of 420 BTC being locked is to mine all sophons.
Based on the days of minting sophons, in addition to the 100,000 satoshi BTC that must be locked for each sophon, the gas cost is approximately between $5 and $7. Therefore, even if Sophon returns to zero, the ontology is still worth 0.001 BTC. In effect, minting or buying Sophon is equivalent to storing BTC in another form. If you are optimistic about the future market, holding Sophon may be a good choice.
When Sophon was cast
In the secondary market, the main transaction price of sophons remains between 1.16 SATS and 1.2 SATS, which translates into a value of approximately 0.00116 BTC to 0.0012 BTC per sheet (i.e. 100,000 sophons), which is equivalent to US$46.5 to US$48. In terms of 24-hour trading volume, Sophon is currently second only to ATOM, with 2.35 BTC (approximately $94,000). In terms of currency holding addresses, Sophon is currently second only to Quark, at 7474. Therefore, judging from the performance of the secondary market, although there are many currency holding addresses and large transaction volume, Sophon has not experienced a significant increase compared to the primary minting.
Tomoko secondary market
Secondary market purchase link:https://atomicalmarket.com/market/token/sophon。
For ARC-20 assets, the community generally looks forward to two possible benefits: first, the OKX Web3 wallet will be launched on the ARC-20 market; second, if Binance Wallet launches the inscription market, ARC-20 may also be launched simultaneously. If the benefits are realized, Quark and Sophon will have the opportunity to become the focus of the ARC-20 sector, and may have a good return on investment.