Steampunk Brc20: Achieving a market value of 1 billion US dollars in two months --- Observing Steampunk from the perspective of the community: orderly entry of capital and users!

This is my first post on Binance NewsFeed. I hope you like it. It is the result of my careful observation, deduction and summary.

1. 3.8~4.22 Cypherpunks and enthusiasts entertain themselves

2. 4.23~5.4 The mutual success between Shenzhen Ponzi scheme and Unisat

3. 5.2~5.7. Exchange/Wallet/Prelisting Insider Trading Carnival

IV.5.8~ The fate of the second-tier investors taking over and cutting each other

5. BTC miners and OG at the crossroads of fate

1. 3.8~4.26 Cypherpunks and enthusiasts entertain themselves

Ordinals was born in January, and the consensus was on BTC NFT. OrdinalsWallet/Magic Eden/OrdSwap were all investing madly (BSV community), and even YugaLabs issued TwelveFold through Fomo. Brc20, which no one was optimistic about, was born on March 8. Ordi was also the first Brc20 token deployed by @domo. At this time, the cost of playing an Ordi (1,000 pieces) was about $1, and a BTC full node was required, and there was no proxy.

The earliest Brc20 coins included Ordi, Meme, Pepe, etc. The community randomly typed some 4-letter words. During this period, the spread and transactions were mainly spread by word of mouth among Chinese users in WeChat groups. Because the amount was too small, most of them were directly traded without guarantees. An Ordi ranged from $10 to $100~200 USD.

At this stage, Brc20 does not even have wallet support, and many new users buy it on their friends’ behalf

Faced with the crowded BTC NFT track, Unisat turned to Brc20 development support

2. 4.23~5.4 The mutual success between Shenzhen Ponzi scheme and Unisat

On April 23, Unisat products updated the Brc20 trading market, and Ordi began to have open market transactions, starting at $0.3 and 300 dollars per piece. At this stage, the market was still small, and the daily trading volume was only 30 $BTC from a few $BTC to the market.

UniSat's Brc20 market threshold is very high. You need to download the new plug-in wallet Unisat, be familiar with the Segwit format address, and have an OG card or 1000 points (to play coins)

Due to the extremely high threshold, most users were excluded, but a lot of room for operation was left. Because of geographical proximity, or conspiracy or coincidence, from April 28, funds began to frantically sweep up Ordi sell orders in the Unisat trading market. The price reached $1.3 on April 29, and rose to $10 on April 30 before falling back to $4. At the same time, some people were engaged in OTC guaranteed transactions in WeChat groups.

The market pulls up the price, and the funds collected from the off-market shipments continue to be pulled up and supported in the market, and the off-market buyers cannot sell.

3.  5.2~5.7. Exchange/Wallet/Prelisting Insider Trading Carnival

On Twitter, Okx/TP/Element and other institutions openly support Ordinal. In particular, Star has mentioned OkxWeb3Wallet support many times, but it supports NFT first. Brc20 has not been deployed yet. At the same time, Gate/Crypto.com is quietly built. Developers are paving the way for leeks and secretly engaging in insider trading. Brc20 has a new technology stack and involves a wide range of personnel. The expectations of the exchange are very strong. Ordi will start from $2.5~$13+ on 5/2

4. 5.8~ The fate of the second-tier investors taking over and cutting each other

On May 8, Ordi was launched on Cex such as Gate/Crypto.com. Friends who had previously participated in the Ponzi relay sold their products one after another, and the earliest friends who placed an order for Ordi at a price of $1 achieved a return of 20,000 times the BRC20 miracle in February.

At the same time, all kinds of monsters and demons appeared frequently in UniSat's primary and trading markets. Jack from Xen, like the vampire he created, teamed up with other memes to suck blood from the market crazily, completing a magnificent redistribution of wealth!

5. BTC miners and OG at the crossroads of fate

Is this the end of Brc20?

In terms of security, Brc20 is at most at the level of Ethereum L2. The ongoing development of the indexer and consensus also make Brc20 possible for Defi.

Brc20, which is only in the ICO stage, has caused a surge in miners' income. The BTC network is also more secure (more full nodes). Involved in Kol/Buidl shouting orders, retail investors buy BTC to play the plate. Will OGs spend a little money to continue this game or just lie low?