Smart Inscription MRC20: A New Hotspot in the Move Ecosystem

Recently, the most eye-catching hotspot in the cryptocurrency circle is the inscription craze sparked by the Bitcoin ecosystem. However, as the market's enthusiasm for inscriptions generally cools down, the smart inscription MRC20 $MOVE in the Move ecosystem has emerged strongly, attracting widespread attention.

$MOVE was first issued on January 1, 2024, and completed the minting of 10 billion tokens in just three days. Its locked amount reached over 1 million SUI, accounting for almost 0.5% of the total locked amount on the SUI blockchain. The number of addresses participating in the minting was close to 50,000, demonstrating astonishing appeal.

The success of Move smart inscriptions can be attributed to the following key advantages:

1. Low cost and high efficiency: Compared to the Bitcoin network, the gas fees for minting inscriptions on the Move ecosystem are negligible, and the transaction confirmation speed is also very fast, greatly enhancing the user experience.

2. Retaining Inscription Features: Move smart inscriptions retain the core characteristics of Bitcoin inscriptions while overcoming the limitations brought about by Bitcoin's lack of smart contracts.

3. Higher asset security: In the Move ecosystem, smart contracts and asset ownership are separated. Even if there is a problem with the contract, the user's assets remain safe. This mechanism can be likened to a box containing the user's locked assets, with the key being controlled by the user themselves.

4. Diversity of Gameplay: The unique structural mechanism of the Move ecosystem provides more possibilities for inscriptions. Taking $MOVE as an example, its unique issuance mechanism includes:
   • Total supply of 10 billion, issued over 21600 epochs.
   • One epoch per minute, one minting per address per epoch.
   • Each minting requires locking 0.1 SUI
   • Users can destroy inscriptions at any time to retrieve the locked SUI.

In addition, special gameplay options such as "Frenzied Acceleration Mode" and "Winning Mode" have been designed to add to the fun of participation.

5. Greater flexibility: The Move ecosystem is not constrained by fixed token standards, allowing for the design of more innovative gameplay, such as game theory models, full-chain games, and more.

Move Smart Inscription provides users with a lower threshold, lower cost, better experience, and richer gameplay participation platform. It not only inherits the "fair sale" concept of traditional inscriptions but also has made qualitative leaps in technology and gameplay. This innovation is likely to have a positive impact on the Move ecosystem, attracting more attention from users and developers.