The project team jumped the gun, and IOST’s first inscription IOSI was widely criticized by the community.
Original - Odaily
Author - Asher
Editor - Qin Xiaofeng
As the markets FOMO sentiment towards Inscription has reached a high point recently, some ancient public chains have begun to catch up, and IOST is one of them. However, after IOSTs first inscription project IOSI was launched in the early morning of the 15th, it received almost no praise. The resentment of community participants spread on social media:
“IOST is the only chain that built not an OTC trading group but a rights protection group after its launch.”
The fastest speed in the history of fighting inscriptions. The battle ended in 3 minutes. Leek was stuck for 2 minutes and 59 seconds.
I prepared 50 numbers, but I couldnt get any of them, and I lost the money to open the numbers.
“The top-ranked accounts on Mint’s list of successful accounts are all project accounts.”
……
From the official announcement of the first inscription project to the entire network complaining about it, how did IOST get to where it is today? Next, Odaily will restore the entire IOST inscription casting process starting from the project warm-up phase, and show everyone how users’ grievances accumulate and explode step by step.
(Prank picture by community users, IOST inscription casting)
Trouble before casting: paid activation of IOST account
As Binance launched the BRC-20 token SATS on Tuesday, the inscription sector started going crazy again, and the market began to eagerly look for new inscription depressions. IOSI, the first inscription project on the IOST chain, also took advantage of the situation to officially announce that it will Mint at 1 a.m. on December 15th, and was endorsed and forwarded by the IOST official account. The market quickly set off a buying craze for IOST tokens, and the currency price continued to rise, with an increase of more than 40% in just two days, reaching a maximum of 0.014 USDT.
However, just when users were confidently preparing to enter IOST to grab inscriptions, they discovered that things did not seem simple. The first stumbling block is the creation of a wallet address—previously, various EVM chains and networks such as Bitcoin only required one click to create an address for depositing coins—but this simple step has become abnormal on the IOST chain. It’s cumbersome because creating an address requires a fee!
Taking the TP wallet as an example, when users create an IOST mainnet address, there are two ways: one is to pay the handling fee through Alipay and other methods (recently closed); the other is to invite a TP wallet that already has an IOST account. Users must recharge a small amount of IOST to activate it, as shown below:
Other registration methods are similar and require paid activation before use. (By the way, I want to complain about the TP wallet. The activated IOST account cannot be imported through the private key.)
Although IOST officially launched a free automatic account creation method later, due to the limited daily free quota, it is almost exclusively reserved by scientists. When retail investors create, they will frequently see the prompt The current free account quota is full , which has led to the emergence of a large number of studios providing paid activation services in the IOST community.
Many users complained that “before I could earn money by making inscriptions, IOST cut me off first.” However, as the popularity of the project continues to rise, many people can only bite the bullet and create it.
Confusion during casting: Who is secretly starting the fight?
Despite the many unpleasantnesses encountered during the account creation process, when the IOSI official tweet announced that minting would begin at 1 a.m. on the 15th, the community immediately took action. Scientists are busy debugging scripts, and retail investors are busy registering several new IOST accounts. Everyone is afraid that there will be less IOSI inscriptions cast this time. The picture below is shared by a user who has prepared multiple accounts to participate in IOSI casting:
Because the TON chain was previously overheated due to inscription casting, the entire chain was directly paralyzed. While waiting for the IOSI minting night, the community has begun to worry that the IOST chain will not be able to withstand this stress test. Sure enough, the accident happened.
Before 1 a.m. (completely unpunctual, sudden attack), IOSI officially released the Mint link on social platforms. But when the user clicked to enter, they discovered that the front end of the page completely crashed, and even the wallet could not be loaded. There was no way to Mint - the public node exploded and the memory pool was full; even scientists using IOSTs full nodes could not do anything. Minting, even block sending is not recorded, and the activation service of the entire chain cannot operate normally. The final result was that no user successfully typed the inscription, all previous preparations were in vain, and the scientists also incurred the cost of renting a server.
(Inscription casting page crashes)
Unwilling to do so, the user began to turn into a detective on the chain. Through inquiries, it was found that as early as 00:24 (the Mint link has not yet been released), an address began to mint in advance, and 880,000 records were typed directly 5 minutes after the official start, and the user set it himself The script wont run at all. All the evidence points directly to the possibility of a rat warehouse on the project side.
(Mint’s address activity records in advance)
Angry users began to criticize the project team on social media. The guilty project team temporarily closed the comment area of Twitter, and the users reported their social accounts, causing the account to be restricted.
(The project team has closed the comment area)
Helplessness after casting: Unacceptable official explanation
In the past day, negative comments about IOSI flooded the Inscription community. The project team may also have discovered the seriousness of the matter, so they posted an apology on social media and stated that they would re-debug and start new Inscription casting again after debugging, and this time there was no casting. Addresses that are successfully minted before the specified block height will have priority.It is worth mentioning that IOST’s official Twitter also retweeted this tweet.
However, this statement has become a new point of complaint for the community. On the one hand, IOSI interpreted the inscription as an attack, but did not explain why there was a rush before Mint was released. Is it an internal rat store? On the other hand, as a project released on the IOST mainnet and obtained official endorsement, the team is not familiar with the performance of the mainnet. This statement is obviously difficult to convince the public.
In addition, a large number of users in the community have reported that IOST that has been deposited into the wallet cannot be withdrawn back to the exchange. For a time, the entire Inscription community’s complaints about IOSI escalated again, and curses on the project team could be seen everywhere.
At present, many community users have stated that they will no longer participate in the subsequent casting of IOSI.
Conclusion
Looking back on this inscription casting, whether it was the huge amount of time and money spent on creating the IOST wallet before the casting, or the fact that no one could successfully mint it until 1 a.m., or the IOSI project team’s unconvincing explanation, the users’ grievances throughout the entire process Keep accumulating.
The inscription not only tests the bottom line of the project side, but also tests the technical strength of the public chain itself. Except for IOST, some other public chains that previously claimed to have high performance have been unable to withstand the pressure of the recent inscription wave. I wanted to rely on inscriptions to attract a wave of attention, but I didnt expect that the technology was falsified, and they took off the last fig leaf. .
