A quick overview of the runestone aggregator Opensat

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1 year ago

With the strong emergence of BRC20, the inscription market has been thriving. However, its trading model is still trapped in a single dilemma, similar to the operation mode of NFT. Users must convert the inscription to BTC, then search for the required inscription in the market, and finally purchase it with BTC. This cumbersome and time-consuming process has become a part of the user's search cost, which may lead to missing valuable trading opportunities.

To subvert the existing pattern of inscription trading, Opensat has emerged. On the front end, Opensat provides users with an intuitive and efficient inscription exchange window; on the back end, it presents the cutting-edge experience of Dex in DeFi by aggregating inscription orders in the market. Opensat not only reduces the user's search cost to the lowest, but also saves valuable time and energy.

It is worth mentioning that the project has successfully launched the beta version and achieved inscription exchange. Its clear and simple page design provides users with a familiar interactive experience similar to Dex, which no project in the current market can match. Due to the special nature of the Bitcoin network script language, smart contract development on the Bitcoin chain has always been a challenge. Therefore, the Opensat team decided to first complete the aggregation and matching of orders to optimize the user experience, while continuing to explore the development of smart contracts.

A Quick Look at the Inscription Aggregator Opensat

The launch of Opensat is not only to improve efficiency, but also to improve the decentralized liquidity of the inscription market. By finding the best exchange path and transaction price for users, Opensat not only saves time for users, but also reduces their trading costs.

Currently, Opensat is preparing for its own inscription public offering, which will mark the first appearance of its new feature - the inscription IDO platform. Opensat will gradually accept more projects. Due to the diversity of the IDO model, projects and users will have a more diverse participation experience, including but not limited to: whitelist mode, fixed price mode, auction mode, and staking for new inscriptions.

Token Economic Model:

The inscriptions issued by Opensat are named ONST, with a total supply of 210,000,000, distributed as follows:

1%: Community contributors

4%: Airdrop whitelist

30%: First round of public offering

55%: Second round of public offering

5%: Listing on centralized exchanges

5%: Development purposes

Currently, Opensat is conducting an airdrop whitelist activity.

Token Usage:

  1. After the inscription sale is completed, it can be staked directly to share Bitcoin rewards.
  2. Participate in the subsequent project's inscription sale.
  3. Have governance voting rights.

Project Updates:

  • The beta version has been launched and is available for use: https://app.osat.io/
  • Airdrop whitelist distribution is in progress.
  • The public offering is about to start, and whitelist users can apply for inscriptions in advance to seize the opportunity. The first round of public offering price is 30 sat, with 30% of inscriptions for sale; the second round of public offering price is 50 sat, with 55% of inscriptions for sale.

Opensat Social Media:

Twitter: https://twitter.com/ins_opensat

Telegram: https://t.me/opensat_official

Chinese Telegram: https://t.me/opensat_chinese

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Bybit: $50注册体验金,$30000储值体验金
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