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The dual engines of LTC-20: Inscription-based social interaction and liquidity mining.

西米Sammi

23-06-14 11:00

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Source: Sammi Xi Mi

1. Young people who don't want to work hard are turning to lottery tickets

It's graduation season again, and in April, the official youth unemployment rate in China reached 20.4%, making the employment situation extremely severe. At the same time, the undergraduate rate of Meituan delivery riders is close to 30%, making the food delivery industry a knowledge-intensive industry.

The pains brought by the changes of the times are inevitable. For most young people in this era, the belief that hard work pays off seems like a fantasy. Making money has become increasingly difficult in the post-pandemic era. Scratching lottery tickets has become a new way for young people to relieve stress.

Billions of migrant workers have supported the sharp rise of the lottery curve. Buying lottery tickets and visiting temples are essentially young people's spiritual cigars, and they are also the "painkillers" for people during the period of development pains.

According to data from the Ministry of Finance, the total sales of lottery tickets in China from January to April this year reached 175.15 billion yuan, a new high for the same period in the past five years, with a year-on-year increase of 49.3%. Young lottery players account for a large proportion of the total amount spent on lottery tickets. Lottery tickets are attracting young people in more diverse ways, with lottery shops gradually appearing in supermarkets, subways, and even pop-up stores, creating an unprecedented craze.

Looking at Web3, is there a market with extremely low barriers to entry, suitable for speculation and more decentralized than lotteries? The answer is - the LTC-20 protocol.

二、LTC-20: The Next Web3 Traffic Entry Point LTC-20

On-chain Lottery - A Safe Haven in Bear Market

In recent years, top institutions and trading platforms in the cryptocurrency industry have been searching for the holy grail of breaking through web3 traffic. From RWA, GameFi, DeFi to SocialFi, achieving the effect of breaking through requires resonance with mainstream culture and social activities.

LTC-20 protocol is equivalent to on-chain lottery economy: it has the characteristics of low threshold (minimum 1 USDT), speculation, and spiritual consumption, and has the opportunity to earn hundreds or thousands of times of investment returns. Unlike opaque data and centralized control of "zero-sum game" like lottery, LTC-20 is completely decentralized, with a fair token issuance mechanism. As a blank market with a current market value of almost 0, it belongs to "positive-sum game" with limited downside and unlimited upside potential.

For analysis on participating in LTC-20 odds, please refer to another article by the author: "Can the Litecoin LRC-20 protocol replicate the success of BRC-20?"

Inscription Social New Gameplay - Social Fission

The current Ming inscription market has two serious problems:

1. Insufficient overall liquidity.

2. Scientists monopolize chips. Although the token issuance method is fair and allows everyone to participate, it is easy to become a feast for scientists, with a few people controlling most of the chips.

The first trading market of LTC-20, Unilit.io, has been innovated based on the BRC-20 trading market Unisat, introducing the Blur liquidity incentive mechanism and the model of community voting for listing. Only the inscription tokens with community consensus and popularity are listed, and the Unilit platform token is obtained through trading mining. This concentrates the liquidity of the market while avoiding the situation where the LTC-20 protocol is monopolized by scientists.

The LTC-20 community has also sprouted activities such as "Inscription for Giving, Hands with Fragrance", "Make a Friend for $1", and "Inscriptions are Forever, One Will Last Forever".

This kind of mutual inscription and mutual selection of coins is really a clear understanding of the current fan economy. If the BRC protocol is a movement of anti-capitalism and fair launch, then LTC-20 has created a new model of "cultivation-based token" on this basis, which is more in line with the social and speculative consumption needs of young people today.

The combination of Mingwen social networking and liquidity mining has become the dual engine of LTC-20, and it is also a supplement to the investment scene of the 20 protocol. Its greater potential comes from the user self-growth system brought by the gift of Mingwen.

"To the loser goes the spoils" has always been regarded as the bible in the internet industry. Zhong Shanshan's Nongfu Spring, Huang Zheng's Pinduoduo, Zhang Yiming's TikTok, and Ma Huateng's games are all making money from the "losers". Similarly, in the cryptocurrency field, many people heard of BTC years ago, but the first coin that most newcomers actually buy in the circle is DOGE, SHIB, and other low-priced meme coins.

The outbreak of the BRC-20 protocol in May created a new wealth myth for the cryptocurrency industry. However, the slow block speed of BTC and the high gas fees (ranging from a few U to hundreds of U) have discouraged many people. Litecoin solves the impossible triangle of decentralization, low gas fees (less than 0.1U per transaction), and fast speed, making the inscription market more accessible to the public. Capital is always sensitive to opportunities and naturally profit-seeking. Where there are retail investors, capital will flow.

If the BRC-20 protocol is like Taobao and Tmall in the Internet era, then the LTC-20 protocol is like Pinduoduo, which is a latecomer but has the largest user base.

LTC-20's Timing, Geography, and People

天时——时机
天时 (Tian Shi) - Timing or opportunity in Chinese.

During an economic downturn, due to the lipstick effect, LTC-20 is more likely to become a safe haven in bear markets.

Litecoin's halving in August has attracted market attention and natural traffic support.

SEC regulation, indirectly beneficial to POW coins.

地利——资源优势
地利指的是地理位置和自然环境等方面的优势，资源优势则是指拥有丰富的自然资源和人力资源等方面的优势。

1. The wealth effect created by BRC-20 has educated the market users, while LTC-20, with faster speed and lower Gas, has become a speculative haven.

2. Bitcoin, Litecoin, 12-year POW coins with strong community consensus.

3. Offline lottery is booming. LTC-20, like lottery, requires low investment. While lottery is a zero-sum game, LTC-20 is a positive-sum game.

Renhe - Team Community

Trading platforms often play a decisive role in the development of an ecosystem.

Different from other xRC protocols that simply copy Unisat, relying solely on a demo or Twitter to hype and raise funds.

Unilit stands on the shoulders of successful innovators. Drawing inspiration from Blur's transaction incentive mechanism and community voting for listing, it aims to solve the current lack of liquidity in the inscription market and the problem of token monopolization by scientists. Unilit=Unisat+Blur+Binance's business model.

From Binance, OKX, Uniswap, to the upcoming dark horse Unilith, the trading platform race is basically dominated by Chinese people worldwide. Web3 is the stage for the application layer, creating a breaking effect. Capturing a large number of users in the Web3 casino is where the advantage of Chinese people lies.

Throughout the entire LTC-20, from trading platforms, Litecoin official website, index websites, plugin wallets, NFT projects to the community, it is like a harmonious ecological puzzle, working together and seeking common development.

Three Mainstream Ecosystems of LTC-20

Overview of Trading Platform - Unilit

2. Mainstream Inscriptions

3、NFT

LilFox

Litecoin moonbirds

Litecoin Moonbirds is the first IDO project in the community launched by Luke, the founder of the LTC-20 protocol. The mint price is 20 USDT, and each NFT can receive a Labs Inscription airdrop. Lite Moonbird is the earliest known 10K series by Ordinals, and the founder has promised to buy back NFTs in the community.

Summary

Every generation has its own Ponds, and social security, houses, and funds are essentially the Ponds of the previous generation. Today's young people buying lottery tickets, meme coins, blind box toys, and inscription NFTs are creating a new wealth narrative for their own generation.

The moments of transition between old and new in various industries are constantly occurring. The direction of the tide changes repeatedly, and some people ride the waves, calmly navigating through the currents, becoming industry benchmarks.