INCEPT is the first token built on the ERC-40, an experimental dual-root token standard that combines the concept of multi-dimensional assets.

By Zhouzhou

The $INCEPT/WETH trading pair on Uniswap suddenly experienced a strong surge, with the price of $INCEPT tokens fluctuating significantly in a short period of time, and the trading volume also soaring. This not only reflects the renewed interest in this emerging project in the market, but also draws attention to its innovative ERC-40 standard.

Protocol Mechanism of INCEPT

INCEPT is the first token built on the ERC-40, an experimental dual-root token standard that combines the concept of multi-dimensional assets.

INCEPT combines the functionalities of ERC-20 and ERC-6551, serving as both a freely tradable asset and a wallet capable of storing other assets (referred to as a liquid token binding account). In other words, each $INCEPT token not only functions as a token but also has the ability to hold other tokens or assets.

After its launch this morning, INCEPT has attracted the attention of many community members. The ERC-6551 standard adds smart contract accounts to NFTs, where other assets can be placed. The ERC-40 standard extends this functionality to tokens, allowing each token to not only be a token but also to contain other items. This means that tokens in user accounts are no longer just simple digital assets, but can be used to store different assets as "pocket assets" and even manage a series of resources.

ERC-6551 token accounts will hold the original ERC-20 tokens that created them, creating a cycle of ownership, increasing the complexity and uniqueness of the tokens. The ERC-40 standard uses the root structure of the ERC-6551 token account, which includes ERC-721 NFT components that operate as a "double-ended queue" (Deque). This means that assets can be operated on a "first in, first out" (FIFO) or "last in, first out" (LIFO) basis as needed.

The emergence of INCEPT illustrates that innovation knows no bounds. Although its "multi-dimensional tokens" are currently only in their infancy, the direction it explores is worth paying attention to. For players who like to try new things, the possibilities behind this new mechanism are more attractive than short-term price fluctuations.

Existing Tokens & Interactive Experience

$INCEPT: The $INCEPT token was released at 2:00 AM on June 26th and reached a peak increase of approximately 20 times by noon. Although the price has experienced some pullback, it still maintains high heat, with a 24-hour trading volume of 13.9 million and nearly 7000 transactions. Market trading remains active.

Currently, INCEPT has not updated other interactive experiences, and BlockBeats will continue to follow the project's progress.

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