Author: PlanX

Recently, with the speculation of ORDIs, Sats, and other BRC20 tokens, the market sentiment has reached a temporary peak. Originating from the grassroots on the BTC network, without traditional VC funding injection, and without the "cultural implantation" of crypto culture at the beginning, BRC20 and Ordinals can be considered as the closest to "decentralization" in the true sense.

Amidst the frenzy of the soaring BRC20, PLXX, with gaming attributes and indexing functionality, grew in reverse during the final madness!

Tracing the Inscription History

The current inscription craze can be traced back to January 2023, representing the vitality of emerging forces, leading to an explosive growth in coinage activities. By the end of February 2023, over 100,000 NFTs were engraved using the system on the OG blockchain, resulting in a significant increase in Bitcoin miners' fee income. It can be said that the "grassroots" in the true sense have defeated the traditional Wall Street financial elites.

Up to now, in nearly a year, over 46 million inscriptions have been minted, and the number continues to increase. So far, users have spent over $105 million worth of fees to engrave their data.

Crazy Memes and Difficult Short-term Operations to Cluster

So far, the vast majority of inscriptions are BRC20, an experimental semi-homogeneous token standard, similar to the DeFi summer of 2021 and the NFT craze of 2022, all in the blue ocean stage awaiting development. Rats, Cats, Mice, and other animals are running wild, much like the madness of PEPE and Bonk in early 2023, absurd but real.

The difference is that the current inscriptions are more like "the world of retail investors," with all chips minted by retail investors themselves, spreading spontaneously and causing FOMO on their own. Inscriptions lacking practical applications are somewhat difficult to support the long-term narrative in the latter half. From December 15th to December 17th, the crazy BRC20 surged by as much as 10 times in a short period, only to be halved directly two days later.

This has also led to a deepening cultural war between hardline originalist Bitcoin supporters and more creative and experimental Ordinals supporters, directly leading to new cultural domain disputes.

PLXX, the First Game-Empowered Inscription

On December 18th, the first DEX aggregator in the GameFi field, PlanX, announced the launch of the game inscription—PLXX;

In less than two hours, a total supply of 2,100,000,000 PLXX was completely minted;

So far, the trading volume of PLXX on OKX has reached 12.8625BTC, with a transaction count of 10,961, and a surge of 119.54%;

Data analysis of the holders shows that the top 10 holders occupy 20.14% of the total supply. Compared to the total number of users, PLXX inscriptions are relatively dispersed, indicating that PLXX is mainly held by retail investors, essentially in line with the purpose of "decentralization."

Information shows that PlanX is a project that started as early as 2021. Over the past three years, PlanX has experienced events of all sizes, having reached partnership agreements with multiple gaming guilds, and having been one of the sponsors of the Singapore Token2049. So far, the Twitter fan base has reached 110k, and the community users exceed 100k.

This time, the emergence of inscription narrative has brought new vitality to this project. As one of the earliest gaming participants, PlanX deeply understands the close relationship between inscriptions and data indexing behind the game. The current FOMO level still lingers on the virtual animals, with virtually zero liquidity and empowerment. Starting from its own game data chain, PlanX combines inscriptions with the driving force of the game itself, realizing a new round of market narrative drive.

This is not a temporary trend, but PlanX will be based on the BTC ecosystem, the Ordinals system, and the careful use of BRC20, leveraging the infinite future of the Bitcoin network, and combining it with the game full of infinite imagination. Through the essence of data indexing, the power of symbols, and the cohesion of shared beliefs, PLXX is not just a solitary BRC20 token, but a pioneer symbolizing game inscriptions, connecting other scattered game projects and game participants, becoming a pioneer role in the new generation of Bitcoin ecosystem game culture.

The Significance and Imaginative Space of PLXX

It must be admitted that the emergence of Ordinals and BRC20 has indeed greatly expanded the ecological capacity and future imagination of the BTC ecosystem, but it is not out of the need for native Bitcoin tokens, which sharply contrasts with PlanX's original intention to enter the BTC ecosystem. The latter is built on top of Bitcoin and hopes to use the data indexing behind the inscriptions to connect the sparks. Although the inscription track has temporarily extinguished, from a historical perspective, the early exploration stage is inevitable, and the short-lived FOMO will inevitably provoke more thinking among technology enthusiasts.

While the market is still stuck in DeFi arbitrage and BTC halving, PlanX has quietly taken off with the help of inscriptions!

When collective faith becomes a value on an equal level, game inscriptions will become a more powerful FOMO effect than memes. Unlike the GameFi summer of 2021, where game projects play their respective roles in the fragmented game ecosystem, the game inscriptions represented by PLXX will gather all the gaming power at the moment, possibly being a Mario adventure game or a play-to-earn encrypted game similar to Axie.

If Ordinals ignited the hope of the BTC ecosystem, then PLXX is the sustained burning flame, constructing a lasting component of the new parallel economy. You can think of PLXX as a tool, or simply a BRC20 token, but in reality, PLXX is far richer and more real than what we have empowered. In the cryptocurrency world that emphasizes technology and financial infrastructure, PLXX will build a new social system using basic modules such as inscriptions and indexing.

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