LTC20 protocol: on-chain lottery + social inscription, the next Web3 traffic entrance?

A young man who didn’t want to work, rolled up the lottery

It’s the graduation season again, and the official unemployment rate of Chinese youths in April reached 20.4%, making the employment situation extremely grim. At the same time, the undergraduate rate of Meituan riders is close to 30%, and food delivery has become a knowledge-intensive industry.

The pains brought about by the changes of the times are inevitable. For most young people in this era, hard work will pay off, which seems to be a fantasy. The difficulty of earning money in the post-epidemic era has become an increasingly common phenomenon. Hundreds of millions of migrant workers Supported the big curve of the lottery surge.

• According to data from the Ministry of Finance, from January to April this year, a total of 175.15 billion yuan of lottery tickets were sold across the country, a new high in the same period in five years, with a year-on-year increase of 49.3%, of which young lottery players accounted for a large amount of lottery purchases. The lottery is attracting young people in more diverse ways. Lottery stores are gradually appearing in supermarkets, subways, and even pop-up stores. Unprecedented excitement. *

Emotional value is the primary productivity of future business. For this generation of young people, lottery tickets are no longer pure speculation and gambling, but also a new way of spiritual consumption. What they buy is hope for life, and they only want a small comfort. Buying lottery tickets has become a spiritual cigar for young people, and it is also a “painkiller” for people in the throes of development.

However, the information in the lottery industry is opaque, the return rate of winning is low, and the essence is the IQ tax of negative sum games. So is there a decentralized lottery market in Web3? The answer is - the LTC-20 protocol.

Two LTC-20 - the next Web3 traffic entrance

LTC-20, as an on-chain lottery, has become a bear market safe haven

There is a typical lipstick effect in economics. The economic phenomenon of hot lipsticks due to economic depression is also called the trend of preference for low-priced products. When the routine path of getting into a prestigious school, entering a famous company, and working hard can no longer meet a person’s survival needs, speculation will become common and crazy at this time, and LTC-20 may have the opportunity to become the best safe haven.

The LTC-20 agreement is equivalent to the lottery economy on the chain: it has the characteristics of low threshold (minimum 1usdt), speculation, spiritual consumption, etc., and has the opportunity to earn hundreds of times and thousands of times of return on investment. And unlike the “negative-sum game” where data such as lottery tickets are opaque and centrally controlled, LTC-20 is completely decentralized and has a high return on investment ratio. As a blank market with a current market value of almost 0, it belongs to the “positive-sum game” and the downside Limited space, unlimited upside potential.

For the analysis of the odds of participating in LTC-20, you can read another article of the author: “Litecoin LRC-20 protocol, can the success of BRC-20 be replicated?” "

Inscription social new gameplay - social fission

There are currently two serious problems in the inscription market**: 1****. Insufficient liquidity****. 2. **** scientists monopolize chips ****. **

Although the token issuance method of the 20 protocol is fair and allows everyone to participate, most of them have insufficient liquidity, lack of counterparties, and large price fluctuations. Moreover, the 20 protocol implements a first-come, first-served mechanism. The cost of casting inscription tokens is low, and it is easy to become a feast for scientists. A few people hold most of the chips.

LTC-20’s first trading market Unilit.io has innovated on the basis of the Brc20 trading market unisat, introduced Blur liquidity incentive mechanism**+**** The model of the community voting for the coin is ****. **

The platform launches consensus inscription tokens voted by the community, and obtains Unilit platform tokens through transaction mining, which centralizes the liquidity of the market and avoids the situation where the LTC-20 protocol is monopolized by scientists.

As a result, the LTC-20 community has sprouted community activities such as “Give someone an inscription, and you will have a fragrance in your hand”, “One dollar makes a friend”, “The inscription is forever, and one piece will last forever”.

This form of giving inscriptions to each other and pulling votes from each other is really a way to understand the current fan economy. If the brc protocol is an anti-capital, fair launch affirmative action movement, then LTC-20 has created a new model of “developing tokens” on this basis, which is more in line with the social and speculative consumption needs of young people today .

Inscription social + liquidity mining has become the dual engine of LTC-20, and it is also a supplement to the investment scene of the 20 agreement. Its greater imagination comes from the self-growth of users + self-growth of liquidity brought about by donating inscriptions.

Those who win dicks win the world

The saying “Who wins the dick wins the world” has always been regarded as the bible by the Internet industry. Zhong Suisui’s Nongfu Spring, Pinduoduo’s Huang Zheng, Zhang Yiming’s Douyin, and Ma Huateng’s games are all making money from “losers”. In the same way, in the encryption field, many people have heard of BTC a few years ago, but the first currency that most newcomers really enter the circle to buy is doge, shib and other low-priced meme coins.

The outbreak of the Brc20 protocol in May created a new wealth myth for the currency circle. However, the slow block speed of BTC and the high gas cost (several u to hundreds of u) have also deterred many people. Litecoin solves the impossible triangle of decentralization + low Gas fee (less than 0.1u per transaction) + fast speed, making the inscription market more popular. Capital always has a keen sense of smell and is profit-seeking by nature. Wherever retail investors are, capital will flow.

If the brc20 protocol is Taobao and Tmall in the Internet age, then the LTC-20 protocol is a late-comer and Pinduoduo with the largest number of users.

The right time, place and people for LTC-20

Time of Day - Timing Trends

1. In the economic downturn cycle, due to the lipstick effect, LTC-20 is more likely to become a bear market safe haven.
2. Litecoin will be halved in August, and the market will focus on attracting natural traffic support.
3. SEC supervision is beneficial to POW coins in disguise.
4. Web2 lottery is popular, LTC-20 is as low investment as lottery, lottery is negative sum game, LTC-20 is positive sum game.

Geographical advantages - resource advantages

1. The wealth effect created by BRC20 has educated users in the market, while LTC-20 has a faster speed and lower Gas, which has become a speculative depression.
2. Bit gold, Lite silver, 12 years of POW coins, have a strong community consensus.

Renhe - Project Ecology

Exchanges often play a decisive role in the development of an ecosystem. Different from the simple copy of Unisat by other xRC protocols, purely relying on a demo or Twitter to start speculating on concepts and making money.

Unilit innovates on the shoulders of successful people. Learn from Blur’s transaction incentive mechanism + community voting form to solve the current problem of insufficient liquidity in the inscription market and the monopoly of tokens by a few people. The business model of Unilit=Unisat+Blur+Binance.

From Binance, okx, unisat, to the upcoming dark horse Unilit, the exchange track is basically dominated by Chinese people in the world. Web3 is the stage of the application layer, creating a circle-breaking effect. The big Web3 casino that captures a large number of users is where the Chinese have an advantage.

Looking at the entire LTC-20, from the exchange, Litecoin official, index website, plug-in wallet, NFT project to the community, they are as harmonious as an ecological puzzle, cooperating together and seeking common development.

Three LTC-20 mainstream ecological overview

1. Exchange - Unilit

website:

Unilit is the first trading market for LTC-20, and it is expected to officially open the trading market on June 14. Users can trade inscriptions and view the balance of inscriptions in external wallets with one click, including LTC-20 tokens, NFT small pictures, and SNS domain names. The platform has a built-in trading K-line, and introduces a trading mining mechanism + community voting to list coins, providing more sufficient liquidity and a smooth trading experience.

2. Mainstream inscriptions

3.NFT

LilFox

website:

LilFox is the first original NFT in the LTC-20 ecosystem, with a total of 10,000 pieces and a mint unit price of 0.1LTC (currently still in the mint stage). The game Dapp will be launched later, and the casting of game platform coins will be launched. The community NFT is held Those who have the priority casting rights.

Litecoin moonbirds

website:

Litecoin Moonbirds is issued by Luke, the founder of the LTC-20 protocol. It is the first ido project in the community. The mint price is 20 usdt. Each NFT can get a labs inscription airdrop. Wright Moon Bird is the earliest known 10k series of Ordinals, and the founder has also promised in the community that he will buy back NFT.

Summary

Every generation has its own Pond’s. Social security, houses, and funds are essentially the Pond’s of the previous generation. Today’s young people buy lottery tickets, meme coins, blind box trendy games, and inscription NFTs are all creating new ideas for their own generation. Wealth Narrative.

Innovation often comes from niche crowds and fringe scenarios. If you measure 0-1 in the niche, you will accumulate extremely high potential energy. If you measure 1-N in the mass market, you will have a self-growth system for users.

The old and new changes in all walks of life are happening all the time, and the direction of the tide has changed several times. Some people ride the waves and swim calmly in the tide, becoming the industry benchmark.