The wealth effect brought by ORDI, SATS, RATS and other BRC 20 tokens on Bitcoin has made Inscription a top hot spot in the encryption industry.
Of course, there is also a lot of controversy surrounding inscribed tokens. Some crypto users actively embrace inscription tokens, believing that inscriptions are a new anti-VC and fair asset issuance method. There are also some Bitcoin OGs who are opposed to inscription tokens. For example, Bitcoin Core developer Luke denies the value of inscriptions on Bitcoin; Delphi Digital analyst Michael Rinko also said that he did not see the logic behind the inscriptions and just regarded them as It’s the new hot thing with zero rationale behind it.
Perhaps technically, Inscription Tokens have no special value, but the Inscription Ecosystem has made innovative progress in personalized expression, allowing users to create and manage unique identities on the blockchain. In a sense, this is very consistent with the currency attributes of the Web3 social platform.
The author believes that the Web3 social payment platform, as an emerging business model, combines social networks with decentralized finance and promotes the healthy development and prosperity of the community through economic incentives. The platform is extremely empowering. If the Inscription ecology is combined with the Web3 social platform, relying on the platforms unique user advantages and the uniqueness of the Inscription token, it may be possible to truly create an Inscription token that transcends bulls and bears, and continues to grow in popularity, and continue to build Web3 social payment based on the true purpose of Inscription Platforms can feed each other back and break through the current bottleneck of uselessness.
1. Telegram is expected to become the strongest Web3 payment platform
If you ask me, who is the future Web3 global social payment platform? All I can say is that there is no absolute answer. There are currently two most likely competitors. They are: Telegram-based Ton Wallet and Elon Musk’s Twitter-basedX.com。
At the all-staff meeting held on October 26, 2023 at No bank account is required and related financial services will be launched before the end of 2024. However, as a content sharing platform, Twitter’s DNA is different from that of WeChat, which is a social communication application with embedded payment methods, and it lacks high-frequency payment scenarios such as e-commerce.
However, as a popular instant messaging APP in the Crypto field, Telegram’s instant messaging logic is consistent with WeChat, with stronger privacy and higher data protection. Economic mobility exists more between individuals, and X is more inclined to the connection between KOL and mass fans. Its payment function attribute can exist, but it is difficult to surpass even communication software. In addition, Telegram has officially integrated Telegram Wallet based on TON Network, which is just a step away from becoming a global Web3 payment platform. Therefore, Telegram is expected to become the strongest Web3 payment platform.
2. GRAM: The first inscription project fairly launched based on the Gram 20 protocol born on the TON network
Recently, TON Networks inscriptions have also become the focus of market attention, especially the inscription project GRAM based on Telegram Mini APP, which has now become a T0-level project that a large number of inscription enthusiasts are paying attention to.
Before understanding GRAM, the author will first lead you to clarify the complex logical relationships between projects. Projects that currently have extended relationships with GRAM include: TON Network, Telegram Mini APP, TON Wallet, T G20 platform, Gram 20 protocol, and GRAM.
We won’t go into details about the relationship between Telegram and TON Network here. The key point is that at the TOKEN 2049 conference some time ago, Steve Yun of the TON Foundation and John Hyman of Telegram announced that Wallet will be seamlessly integrated into Telegram, allowing direct access in the Telegram menu. Wallet. To sum up the fusion narrative of TON Network Telegram in one sentence: the active encryption community, the popular Telegram Mini App and the seamlessly connected wallet account TON Wallet make Telegram expected to become the WeChat of Web3.
Extending from this:
l T G20 - the first digital asset management platform based on Telegram Mini App/TON Wallet.
l GRAM 20 - Based on the TON Network, the inscription casting protocol adopted by the T G20 platform.
l GRAM - the first inscription project fairly launched based on the Gram 20 protocol born on the TON network.
The advantages of GRAM are as follows: GRAM is based on the TON public chain, and the high-performance network ensures the stability of the underlying infrastructure; GRAM is the first fairly launched inscription project of the T G20 digital asset management platform on the Telegram applet, and has top popularity in the Crypto field; GRAM and Telegram Mini Apps 900 million users are closely connected, and community users have huge potential; GRAM aspires to become Telegrams universal currency and has rich future application scenarios.
3. Multiple ecological empowerment, GRAM creates a universal currency for the global Web3 social financial platform
The biggest criticism of current inscribed tokens is that they have no practical utility. It is often believed that the collective consensus of the crypto community has the greatest influence, but the application empowerment of cryptocurrency is also a top priority and can play the role of turning stone into gold. Moreover, the development of all technologies is not isolated. They promote each other and jointly build a more open, free, personalized and economically active Web3 social ecosystem. With the addition of more innovative technologies and the expansion of application scenarios, we can expect the Web3 social and encrypted inscription ecosystem to advance at an astonishing speed and creativity, bringing more value and possibilities to users.
Many people also have questions: Inscriptions currently require four characters to be created. Will there be one, two, or three-digit characters in the future? This is critical and directly affects value.
In fact, the author believes that the restrictions on characters in inscriptions are not the key to hindering the improvement of its value. What really enhances its value depends on its empowerment and application scenarios. The essential need for tokens to be retained is the application scenario, and GRAM’s launch of the Telegram Mini App seems to be precisely to bring new possibilities to the inscription ecosystem.
According to the official introduction, GRAM is the first inscription project launched fairly based on the Gram 20 protocol born on the TON network. The goal is to create a decentralized social payment token for the future global Web3 payment platform, while striving to be integrated into Telegram’s encrypted wallet TON Wallet. Build a Web3 global social payment platform.
GRAM was born based on The Open Network (TON). The TON Network is a high-performance, decentralized Layer 1 blockchain network platform specially built for high-speed and secure data processing. Its tightly coupled multi-chain architecture and Native support for sharding provides superior performance for processing millions of transactions per second. The TON network also provides a specialized light wallet and TON Browser that supports cryptocurrency payments and interaction with smart contracts, ensuring a high-speed and smooth transaction experience for us GRAM holders.
The total issuance amount of GRAM is 210 billion, the minting cost is approximately US$2.1 million, and the initial price is 0.00001 USDT. The official Mint was completed on December 29, 2023. GRAM Mint charges a Protocol Fee of 0.04 TON/piece, which will be used to meet future economic incentives and maintain the sustainability of the GRAM project. GRAM Protocol Fee incentive plan is as follows:
50% - Buy back GRAM tokens
10% - Infrastructure construction
10% - Ecological incubation investment
10% - Liquidity Management
10% - Team Building
10% - Marketing
The current GRAM ecosystem is still in the advancement stage. The latest transaction price in the Black Cat community is 0.8 USDT per GRAM, which is about 10 times higher than the Mint price and cost.
In addition, according to official news: in the future, T G20, the first mini program digital asset management platform on Telegram, will use GRAM as the pricing currency, and TON Wallet will also use GRAM as a universal token for social payment scenarios similar to USDT, including the future Telegram mini program ecosystem. GRAM will be used in various application payment and revenue tokens, based on the huge user base of Telegram Mini App.
Conclusion
Inscription tokens on other public chains are still in the hype stage of MEME. GRAM based on Telegram Mini App and TON Network has taken the lead and quietly landed. With Telegram as its backing, it has become a pioneer in the application of inscription tokens. The popularity of the inscription market remains high, and the wealth creation effect continues. The hot spots in the blockchain industry are like the direction of the tide, changing several times. There are always outstanding ecological pioneers riding the wave, swimming calmly on the tide, and becoming industry benchmarks.
