Fractal faces questioning from the founder of mempool? How to participate in the CAT protocol?
Author: Alex Liu, Foresight News
Graphics: Kiet, Foresight News
Note: "Weekly Hot Search" statistics are based on user search results from Foresight News from last Friday to this Thursday (September 6th to September 12th), and the capitalization of the same concept has been merged.
The hottest project this week is undoubtedly "Fractal".
On September 8th, the Bitcoin scaling solution Fractal Bitcoin announced the token economic model, with 80% of the tokens allocated to the community and 20% to the team and contributors (with a lock-up period). The total token supply is 210 million: half (50%) of the total supply is allocated to Proof of Work (PoW) mining; 15% of the tokens are reserved for the ecosystem treasury; 10% of the tokens are allocated for community grants, with a cap of 10% of the total annual allocation for the ecosystem treasury and community grants, lasting for 10 years; 5% of the tokens are used for presale; 15% of the tokens are allocated to core contributors, and the unlocking schedule for presale and team tokens has been defined from the beginning. According to the terms, these tokens will start unlocking at the end of the 7th month and be linearly released until the end of the 12th month. Additionally, 5% of the tokens are currently reserved for current and future advisors, with a cap of 20% of the total annual allocation for advisors, distributed over 5 years.
Subsequently, on September 9th, Fractal Bitcoin launched its mainnet, providing community incentives and conducting network governance through OP_CAT, and completed the reward distribution for the Bootstrap plan on September 10th.
However, Fractal has also faced many doubts. The founder of mempool stated that Fractal Bitcoin cloned a large amount of code from Bitcoin Core, and then plagiarized Namecoin and Bcash. Many technical terms in its technical white paper are actually meaningless. It was also pointed out that 50% of the tokens were reserved. Is this criticism reasonable? Readers are welcome to further research.
Another hot topic this week is the "CAT" 20 protocol, which is already supported on the Fractal Bitcoin official website. How to participate in the protocol? Recommended reading: Three-minute overview of the CAT Protocol (Can the CAT Protocol deliver? A must-read for participation, a quick guide).
"Sui" has seen a surge in search interest this week due to its strong price increase. Let's take a look at its ecological progress together.
The developer behind Sui, Mysten Labs, opened pre-orders for the SuiPlay0x1 gaming handheld last week. SuiPlay0x1 natively supports games in the "Sui" ecosystem as well as the Steam and Epic game libraries, running on the Playtron OS (an operating system designed for handheld devices). The device is priced at $599 each (excluding shipping and taxes) and supports purchases using SUI, ETH, and SOL tokens, with delivery expected in 2025. The first one thousand customers who pre-order the SuiPlay0x1 device will receive a non-transferable soul-bound NFT, which will provide special access rights, rewards, and benefits. Recommended reading: Is the SuiPlay gaming handheld worth buying at a price of 599u?
On the institutional front: Grayscale posted on social media that its Sui Trust (Grayscale Sui Trust) is now open to qualified investors seeking to invest in SUI.
Ecological projects are also taking action! The Sui liquidity protocol DeepBook announced an updated white paper, with the initial community airdrop accounting for 10% in the new version, core contributors and early supporters accounting for 28.43%, and the remaining 61.57% to be allocated to future subsidies, community plans, and community initiatives.
Exchanges are also taking action: Binance announced that it will launch SUI coin-margined perpetual contracts at 18:00 on September 18th, with support for up to 20x leverage.
More Hot Terms Express
- According to sources, "Hong Kong" is considering involving the Securities and Futures Commission (SFC) in regulating over-the-counter (OTC) virtual asset trading services. Currently, the SFC has sought industry opinions on the potential new licensing system for cryptocurrency OTC services, which will be jointly regulated by the SFC and Customs. Discussions on these two licenses are still in the early stages and may change. In the proposal announced in February 2024, OTC cryptocurrency stores were only regulated by Customs.
- The intent execution network "dappOS" jointly with "Berachain" aims to expand its intent execution network to the Berachain ecosystem, providing core use cases such as application intent interaction, intent assets, and intent transactions to ecosystem applications and users.
- The "Ton" ecosystem continues to maintain high popularity. The Telegram-funded casual game "Catizen" is expected to airdrop and go live on exchanges on September 20th.
- Trump announced that his cryptocurrency project, World Liberty Financial, will officially launch on September 16th. The project aims to "embrace the future of cryptocurrency" and "abandon outdated large banks". The project will be based on the decentralized finance platform "Aave" and the Ethereum blockchain, and will focus on the "credit account system", with Corey Caplan, co-founder of the derivative protocol Dolomite, appointed as a project advisor.
- The "Solana" ecosystem project "Grass" launched its airdrop portal last week. It continues to be popular this week. The total supply of "GRASS" tokens is 1 billion, with 10% allocated for the initial airdrop. Of this, 1.5% will be allocated to Closed Alpha, 7% to Epochs 1 to 7, and 0.5% to Bonus Epoch, with 1% allocated to be determined.
"Token 2049" is about to be held, recommended reading: September Web3 "Run Meeting" Guide. A preview of September's Web3 events, don't miss out on important summits.
Here is this week's Mirror Hot Search List:
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