The $FERC token was minted for free on June 1st and quickly attracted the attention of the community. At its highest price, the market value reached $15 million. If the minting gas fee is considered as the cost, 5U per piece (1000 coins), FERC is equivalent to an increase of 300 times. Its emergence has led to the emergence of the Fair launch concept series of tokens.
How to understand fair offering?
Fair launch means that everyone has a fair chance to participate when the token is issued. The fairness of Bitcoin’s distribution mechanism is currently the most widely recognized. All miners can participate in mining independently. Initially, participants bear the cost of computing power and electricity on their own, knowing that there is no expectation of return on investment.
The most extensive token distribution mechanisms currently on the market include: 1) ido/ieo/ico, etc.; 2) No token pre-sale, cold start completed through community distribution. There are unfair phenomena in the project's on-chain token issuance process, such as malicious contracts, blocking attacks and exchange manipulation, which will disrupt the fairness of token issuance. The token sales of centralized exchanges usually require holding the platform currency of the centralized exchange, which once became a gold mine for large households. The cold start is completed through community distribution. The number of distributed tokens depends on the contribution of community members. This distribution method is relatively fair, but it generally still needs to be approved through a centralized method.
The Ordinals protocol provides a fairer issuance method. Anyone can easily deploy and participate in token forging on a first-come, first-served basis. Since contracts cannot be deployed on the Bitcoin network, participants can participate fairly, and the transaction fees paid determine whether they can be packaged by miners faster.
The erc20.cash platform launched by @jackygu2020 attempts to transfer the BRC20 fair issuance concept to Ethereum, and wants to combine the advantages of fair issuance and decentralization of Bitcoin with the flexibility of Ethereum smart contracts and programmability. $FERC is the token it launched.
The main features of current fair distribution of tokens are:
1) Anyone can deploy and forge tokens, and the community is strong;
2) There is no pre-mining of tokens, and the total amount of tokens is mined from zero until the token hard cap is reached;
3) Position conditions can be increased;
4) Increase the freezing period. During the freezing period, you need to pay additional fees to mint coins, which increases the cost of robot participation;
5) Price can be set. However, currently, tokens with high market acceptance are generally forged for free.
The following is the main token data of fair sale platforms on different chains. This type of token is mainly based on emotional trading, and current trading activities are concentrated on ferc and berc.
Erc20.cash
Chain: Ethereum
Berc.cash
Chain: Ethereum
Features: 49.25% of the tokens are used to create a liquidity pool and then transferred to the black hole address, 49.25% are sold fairly, 0.5% is sent to the Vitalik address, 0.5% is sent to the address of the developer who deployed the token, and 0.5% is sent to the Berc team. Based on ferc, the attribute of automatically adding a liquidity pool is added.
Merc20.cash
Link: referee
Oerc20.cash
Chain: Optimism
Serc20.cash
Chain: ZkSync
Data as of June 7, 2023.
website: ldcap.com
medium：ld-capital.medium.com
