NEAT Introduces NRC-20 Inscription Launchpad
NEAT, a revolutionary inscription protocol developed on NEAR, has recently launched the NRC-20 Inscription Token Launchpad. This platform empowers users with various functionalities, including inscription minting, transfers, and contract deployment, enabling them to explore new possibilities within the NEAR ecosystem.
NRC-20 is a novel token standard inspired by Bitcoin’s BRC-20, and $NEAT is the first-ever NEAR inscription homogenous token built on this standard. Since its launch, NEAT has garnered significant user engagement and excitement on the NEAR blockchain, with a historical record high of 13.94m transactions, coupled with the burning of over 200,000 $NEAR. With the introduction of the NRC-20 Inscription Launchpad, we anticipate a surge in NRC-20 inscription tokens, fostering a fresh wave of inscription activity within the NEAR ecosystem. This development will drive the growth and maturation of NEAR, presenting exciting opportunities for all participants.
The Benefits of Launching a Token with Inscription
As one of the most successful memecoins in history, Dogecoin initially adopted the PoW consensus mechanism to launch the token. While it showcases a high degree of fairness and decentralization, PoW mining consumes a significant amount of time and energy, resulting in a substantial environmental impact and cost inefficiency. In contrast, inscription utilizes a PoW-like consensus mechanism where participants can acquire inscription tokens by contributing a specific amount of funds and time. The minting process is faster and more transparent, effectively eliminating cheating behaviors while promoting environmental friendliness.
The platform boasts a user-friendly interface, significantly reducing the entry barrier for launching inscriptions. Leveraging NEAR’s fast finality, users can complete inscription minting and transfers within seconds, eliminating long waiting times. Moreover, NEAR’s low gas fees offer a cost-effective advantage for minting inscriptions, enabling a large user base and paving the way for mainstream adoption.
The NRC-20 Inscription Launchpad aims to become the leading platform for fair token launches in the NEAR ecosystem. Projects will have the ability to launch their tokens in a fair and transparent way. Users can then choose to convert inscriptions into NEAR’s canonical fungible token standard NEP-141 for better liquidity and DeFi interoperability.
How to Use
With the Launchpad now live, users can engage in inscription minting, transfers, and contract deployment at https://near.org/inscribe.near/widget/NEAT. Here are the specific steps to follow:
- For users who wish to mint inscriptions, click on the “Mint” button, enter the inscription name in the top field, input the desired quantity in the “Amount” field. Users who want to mint inscriptions in bulk can enter the desired repetition number in the bottom field. Click “Mint” and confirm to complete the process.
2. For users who wish to make a transfer, click on the “Transfer” button. Enter the inscription name in the top field and the recipient’s inscription address in the second field. In the “Amount” field, input the desired quantity to transfer. Finally, click “Transfer” and confirm to complete the transaction.
3. For users who want to deploy an inscription contract and issue their own inscriptions, click on the “Deploy” button. In the top field, enter the desired name for the contract. In the “Total Supply” field, input the number of inscriptions to be issued. In the bottom field, enter the maximum token quantity limit per inscription. Finally, click “Deploy” and confirm to complete the process.
Why the Inscription Launchpad Matters to $NEAT Holders
$NEAT plays a crucial role in ensuring protocol security and boosting active engagement in the NEAT ecosystem.
We are currently running an exclusive airdrop program for our loyal NRC-20 token holders. NRC-20 $NEAT holders will be eligible to receive airdrops for new NRC-20 inscription minted. More details about the airdrop and revenue sharing model will be revealed soon.
Check the latest documentation for the NRC-20 standard: https://docs.nrc-20.io/ and the Lite Paper: https://neatprotocol.ai/neat-protocol-litepaper.pdf
