自带燃烧机制实现保本，Sui链铭文MOVE潜力如何？
Original - Odaily
Author - Asher
Editor - Qin Xiaofeng
This week, both the inscription project and the NFT project have seen a trend of declining popularity. However, first-level projects can still bring good profits, and the phenomenon of dog withdrawals every day still exists. Among the recent “Golden Dogs”, MOVE is one of the few recent projects with innovative concepts. Odaily takes everyone to review the entire process of MOVE casting yesterday and analyze the project.
MOVE: Inscription with built-in Burn attribute
Project Description
MOVE
MOVE is the inscription project of the Sui chain, with a total circulation of 10 billion tokens, and it will take 21,600 epochs to complete the minting. That is, approximately 460,000 MOVE tokens are produced per epoch, and these tokens are distributed equally among all participating minting addresses.
Official website:https://mrc20.fun/；
Official Twitter:https://twitter.com/MoveScriptions。
Image source:Project official website
The casting of MOVE inscriptions is different from most projects we have participated in before. In summary, it has the following three characteristics:
Normal mode and violent acceleration mode: At the beginning of the project casting, less than 500 participating addresses in each epoch are called the normal mode. One minute is one round, and the addresses participating in the casting are equally divided into about 460,000 MOVEs. However, as the popularity of the project continues to increase, the number of addresses participating in each epoch has far exceeded 500, which means that the violent acceleration mode has been started, that is, every 500 minting addresses will start a new round of epoch. Therefore, with the explosive popularity growth, the time of each epoch is far less than one minute, and even only a few seconds until the next epoch;
Burn function: In addition to consuming Gas, each time you participate in MOVE casting, you also need to pay 0.1 SUI. However, the 0.1 SUI paid is not placed in the project party’s wallet, but is locked in the minting contract. If the minter does not want to hold the currently minted MOVE, he can find the inscription in his personal assets and click the Burn button to return 0.1 SUI;
Winning mode: The first casting address in each epoch will settle the transaction of the previous round of epoch, so it will get an additional inscription, and changing the inscription does not require locking 0.1 SUI, which can be understood as a free MOVE casting.
The picture below shows MOVE cast in violent acceleration mode. First, 460,000 MOVE will be divided equally among the 500 participating addresses in violent acceleration mode. Therefore, each address will be allocated 925 coins on average. Secondly, the first Locked SUI = 0 inscription in the picture is the inscription obtained by the winning address in one epoch; the other Locked SUI = 0.1 is the inscription that normally participates in the casting lock-up of 0.1 SUI. Finally, there is a Burn function on the lower right side of each inscription. Click the Burn button to burn the inscription and retrieve the locked 0.1 SUI. According to feedback from multiple participants, the Burn function is indeed effective, and the locked 0.1 SUI will be returned immediately.
Personal assets page
Casting condition
The casting of the MOVE project will start at 00:00 on January 1, 2024, Beijing time. If it does not enter the violent acceleration mode, the project will take 15 days to mint a total of 10 billion MOVE.
Initially, since there are less than 500 participating addresses in each epoch, the average number of MOVE tokens distributed to the addresses participating in the minting will be much more than the 925 MOVE tokens distributed in the violent mode. The picture below shows the personal assets in the early stages of casting. You can even get more than 10,000 MOVE in the initial casting.
Personal assets chart in the early stages of founding
The built-in Burn function of MOVE inscription can be regarded as casting at almost no additional cost. Therefore, the number of addresses in the community that discuss and participate in the casting of MOVE inscriptions continues to increase. They entered a violent acceleration mode early yesterday and have remained in this mode, that is, each address was allocated 925 MOVEs. In the violent acceleration mode, the scientists and hand rubbish in the community all carried out crazy casting MOVE through the lock-up SUI, and did not stop until the MOVE casting was completed around 6 p.m. In this MOVE minting, the number of user addresses reached 46,000, the number of transactions was nearly 10,000,000, and a total of nearly 1 million SUIs were locked (as shown below).
Post casting data
Shortly after MOVE was minted, the project team posted on its official Twitter that its secondary market would be opened soon, and gave a schematic diagram (as shown below).
Secondary market diagram
Project Analysis
At present, MOVE deserves continued attention for the following reasons:
One is the capital preservation mechanism brought by the Burn attribute. Since primary holders will not sell at a loss, the sentiment of selling in the early stages of market opening will be much reduced. At the same time, due to the Burn attribute, secondary takers also have the incentive to charge a high price rather than sell the deal regardless of the cost.
The second is the support of the co-founder of Mysten Labs. Today, the co-founder of Mysten Labs mentioned MOVE and called it the first smart inscription project on the Sui ecosystem, increasing the possibility of the official Twitter mentioning MOVE inscription.
Image source:Twitter
Third, the market value is less than one million US dollars and has great growth potential. A total of nearly 1 million SUIs were locked in this MOVE casting. If we estimate the market value of MOVE based on the locked value of SUI, its market value is only US$830,000, which means there is a lot of room for growth.
OTC
At present, the official secondary market platform is not open yet, and private transactions can only be conducted over the counter.
It is worth mentioning that MOVE transactions were available on an NFT platform BlueMove last night, and the transaction price range of 925 MOVEs was in the range of 0.17-0.2 SUI (as shown below). However, since this collection is mixed with other items, please pay attention to the distinction when trading on this platform. Regarding other OTC transactions, the transaction price range is generally between 0.17-0.2 SUI.
Image source:BlueMove
Overview
Overall, MOVE brings"Capital guaranteed mechanism"Bringing higher expected value to holders. Therefore, if the inscription market is ignited again, or if the public chain Sui officially actively promotes MOVE, it will give it stronger FOMO attributes in a short period of time and have more room for growth.
Finally, Odaily reminds investors that the inscription market is highly volatile and they must conduct sufficient research before investing.
