Posting pictures and coins, decentralizing projects, what the founder of Black Cat Token MMSS is thinking about the BTC ecosystem

Original - Odaily

Author - Nan Zhi

existCommunity strife at the end of 2022After that, the once popular black cat Mimic Shans began to drop in price and became quiet. With the prosperity of the Bitcoin ecosystem, the community has also made suggestions for recovery actions such as combining with cats (BRC-20) and issuing BTC NFT versions of Mimic Shans.

Then, on November 19, SHHAN announced the deployment of the related token MMSS, and this token deployment was “just made for fun.”

The total amount of engraving is extremely high. Can the engraving be completed?

Perhaps because he didn’t know much about BRC-20, SHHAN set the number of engravings per piece to 20. Some users reported that the number was too high. SHHAN replied: “Sorry about this, but can it be changed now? If not, there is nothing we can do。”

(Note: The original Mimic Shans were also uploaded one by one by SHHAN, rather than being set in batches through the program.)

Under the setting of a total of 21 million coins and 20 coins/piece, 1.05 million inscriptions are required to complete the minting. When SHHAN was released, the Bitcoin network fee was high, and the cost of a single inscription was about US$8-9. Calculated based on this cost It took nearly ten million dollars to engrave. At that time, apart from sats, only rats were completed on the market.High engraving amount in the millions. This poses a great test to the community’s consensus and enthusiasm for MMSS.

Triggering small-scale outside entry

After SHHAN announced the deployment of MMSS, some Mimic Shans community members also began to learn how to engrave BRC-20, but they had no previous contact with related fields.

After 5 hours of deployment, the progress reached 10%. Due to the high Bitcoin network fees that day, the cost of engraving was nearly one million US dollars. SHHAN also posted support photos of Mimic Shans and Rudolph (another sub-series of Black Cat).

And all the inscriptions were finally completed at five oclock in the morning on November 24th,Total cost approximately $6 million(Network costs have decreased compared with deployment).

There are deployers, but there is no project party

Although the token was deployed by SHANS, and the name and original image also came from Mimic Shans, SHANS has repeatedly stated that it does not hold too many MMSS and hopes that a decentralized community will operate MMSS and has no intention of operating it itself. This may be because SHHAN only wants to focus on Mimic Shans’ NFT series, or it may be due to last year’s Black Cat community operations and financial disputes.

Odaily confirmed to SHHAN himself whether there will be a linkage plan between Mimic Shans and MMSS. SHHAN said: The development of MMSS will be completely driven by the decentralized community, and I will participate as a member of the community.

In conclusion, although MMSS has a clear deployer, it has achieved de-projectization and the development strategy will be determined by the community.

Development around the image of black cats

The currently popular BRC-20 tokens are mainly pure MEME and application tokens. The former includes rats, piin, luke, etc., and the latter includes TURT, roup, etc. Previously, during the heyday of rats, you could see overwhelming rat concept pictures being released on social platforms. MMSS also planned to use the image concept of black cats as the basis of its operations, but it was more inclined to develop into a combination of artistic creativity and real people.

It is reported that MMSS’s subsequent development plans include focusing onBlack Cat’s main creator platform and Black Cat IP spokespersonand four modules including image communicator, application development and ecological education.

The concept of animals is enduring in the Web3 world, such as DOGE, BONK (from Cheems), PEPE, etc. However, whether MMSS can achieve long-term development through IP manufacturing remains to be seen through subsequent operations.