Author: Sammi 西米

Young People Who Don't Want to Compete in Work Are Competing in Lottery

It's graduation season again, and in April, the official youth unemployment rate in China reached 20.4%, making the job market exceptionally grim. Meanwhile, the undergraduate rate among Meituan delivery riders is close to 30%, and food delivery has become a knowledge-intensive industry.

The growing pains brought about by the changing times are inevitable. For most young people in this era, the belief that hard work will yield rewards seems to have become a fantasy. The difficulty of making money in the post-pandemic era has become an increasingly common phenomenon, with hundreds of millions of workers supporting the soaring lottery sales.

According to data from the Ministry of Finance, from January to April this year, a total of 175.15 billion yuan in lottery tickets were sold nationwide, setting a new high for the same period in five years, with a year-on-year increase of 49.3%. The amount spent by young lottery players accounts for a significant proportion. The lottery is attracting young people in more diverse ways, with lottery shops gradually appearing in supermarkets, subways, and even as pop-up stores, presenting unprecedented popularity.

Emotional value is the primary productive force in future commerce. For this generation of young people, the lottery is no longer just a form of speculative gambling; it has become a new way of spiritual consumption, purchasing hope for life and seeking solace in small joys. Buying lottery tickets has become a spiritual cigar for young people, serving as a "painkiller" during the growing pains of development.

However, the lottery industry suffers from a lack of transparency, low winning return rates, and is essentially an IQ tax of negative-sum games. So, is there a decentralized lottery market in Web3? The answer is------LTC-20 protocol.

LTC-20------The Next Web3 Traffic Entrance

1. LTC-20 as On-Chain Lottery, a Safe Haven in Bear Markets

There is a typical lipstick effect in economics, a phenomenon where lipstick sales soar during economic downturns, also known as the trend of favoring low-priced products. When the conventional paths of attending prestigious schools, entering well-known companies, and working hard can no longer meet a person's survival needs, speculative behavior becomes common and rampant, and LTC-20 may have the opportunity to become the best safe haven.

The LTC-20 protocol is equivalent to an on-chain lottery economy: it has low entry barriers (minimum 1 USDT), speculative nature, and characteristics of spiritual consumption, with the potential for hundredfold or thousandfold investment returns. Unlike the lottery, which has opaque data and centralized control leading to negative-sum games, LTC-20 is completely decentralized, with a high input-output ratio. As a blank market with almost zero current market value, it belongs to a positive-sum game, with limited downside and unlimited upside potential.

For an analysis of participating in LTC-20 odds, you can read my other article: "Can the Litecoin LRC-20 Protocol Replicate the Success of BRC-20?" https://www.theblockbeats.info/news/37089

2. New Social Play in Inscriptions------Social Fission

The inscription market currently faces two serious problems: 1. Insufficient liquidity. 2. Monopoly of chips by scientists.

Although the token issuance method of the 20 protocol is fair and allows everyone to participate, most lack sufficient liquidity, with a shortage of trading counterparts and significant price fluctuations. Moreover, the 20 protocol implements a first-come-first-served mechanism, where the low minting cost of inscription tokens easily turns into a feast for scientists, with a few individuals holding most of the chips.

The first trading market for LTC-20, Unilit.io, has innovated on the Brc20 trading market Unisat, introducing Blur liquidity incentive mechanisms + community voting for token listing.

The platform lists consensus-based inscription tokens selected by the community and adopts a trading mining model to earn Unilit platform tokens, concentrating market liquidity while avoiding the situation where the LTC-20 protocol is monopolized by scientists.

As a result, the LTC-20 community has sprouted activities such as "Gift Inscriptions, Share the Fragrance," "Make a Friend for 1 Dollar," and "Inscriptions Last Forever, One Will Always Be Passed Down." This form of mutual gifting of inscriptions and pulling votes for token listings truly understands the current fan economy. If the BRC protocol is a movement for anti-capital and equitable launches, then LTC-20 has created a new model of "nurturing tokens" based on this, more aligned with the social and speculative consumption needs of today's youth.

Inscription social + liquidity mining has become the dual engine of LTC-20, complementing the investment scenarios of the 20 protocol. Its greater imaginative space comes from user self-growth brought by gifting inscriptions + liquidity self-growth.

3. He Who Gains the Lower Class Gains the World

The saying "He who gains the lower class gains the world" has long been regarded as a bible in the internet industry. Zhong Shanshan's Nongfu Spring, Huang Zheng of Pinduoduo, Zhang Yiming's Douyin, and Ma Huateng's games all profit from "lower-class" money. Similarly, in the crypto field, many people heard about BTC years ago, but most newcomers actually bought their first coins like DOGE, SHIB, and other low-priced meme coins.

The explosion of the BRC20 protocol in May created a new wealth myth in the crypto circle. However, the slow block speed and high gas fees of BTC (ranging from a few to hundreds of USDT) have deterred many. Litecoin solves the impossible triangle of decentralization + low gas fees (less than 0.1 USDT per transaction) + fast speed, making the inscription market more accessible. Capital is always sensitive and inherently profit-seeking; wherever retail investors are, capital will flow there.

If the BRC20 protocol is the Taobao and Tmall of the internet era, then the LTC-20 protocol is a latecomer with the largest user base, akin to Pinduoduo.

LTC-20's Timing, Location, and Human Harmony

1. Timing------Opportunity Trends

(1) Economic downturn cycle; due to the lipstick effect, LTC-20 is more likely to become a safe haven in bear markets.

(2) Litecoin's halving in August focuses market attention and attracts natural traffic support.

(3) SEC regulation indirectly benefits POW coins.

(4) The explosive popularity of Web2 lotteries; LTC-20, like lotteries, requires low investment, while lotteries are negative-sum games, LTC-20 is a positive-sum game.

2. Location------Resource Advantages

(1) The wealth effect created by BRC20 has educated the market, while LTC-20, with faster speed and lower gas fees, has become a speculative lowland.

(2) Bitcoin Gold, Litecoin, and 12 years of POW coins have strong community consensus.

3. Human Harmony------Project Ecology

Exchanges often play a decisive role in the development of an ecosystem. Unlike other xRC protocols that simply replicate Unisat, relying solely on a demo or Twitter to start speculating and raising funds.

Unilit innovates by standing on the shoulders of giants. It borrows the trading incentive mechanism of Blur + community voting for token listing to solve the current issues of insufficient liquidity in the inscription market and the monopoly of tokens by a few individuals. Unilit = Unisat + Blur + Binance's business model.

From Binance, OKX, Unisat, to the soon-to-emerge dark horse Unilit, the exchange track is basically dominated by Chinese people globally. Web3 is the stage for application layers, creating a breakout effect. Capturing a large number of users in the Web3 casino is where the advantage lies for the Chinese.

Looking at the entire LTC-20 ecosystem, from exchanges, Litecoin's official channels, indexing websites, plugin wallets, NFT projects to communities, it is like a harmonious ecological puzzle, cooperating and collaborating for mutual development.

Overview of Mainstream LTC-20 Ecosystem

1. Exchange------Unilit

Website: https://unilit.io/referral/6VWQUf

Unilit is the first trading market for LTC-20, expected to officially open on June 14. Users can trade inscriptions and view the balance of inscriptions in external wallets with one click, including LTC-20 tokens, NFT images, and SNS domain names. The platform has built-in trading candlesticks, introducing trading mining mechanisms + community voting for token listings, providing more sufficient liquidity and a smooth trading experience.

2. Mainstream Inscriptions

3. NFT

(1) LilFox

Website: https://lilfox.crd.co/

LilFox is the first original NFT in the LTC-20 ecosystem, with a total of 10,000 pieces, minting at a price of 0.1 LTC (currently still in the minting phase). A game DApp will be launched later, and the minting of the platform token will be initiated, giving community NFT holders priority minting rights.

(2) Litecoin Moonbirds

Website: https://litecoinlabs.xyz/#/gallery

Litecoin Moonbirds is the first IDO project of the community issued by Luke, the founder of the LTC-20 protocol, with a mint price of 20 USDT. Each NFT can receive an airdrop of a Labs inscription. Litecoin Moonbirds is known to be one of the earliest 10k series of Ordinals, and the founder has promised to buy back the NFTs in the community.

Conclusion

Every generation has its own Ponzi scheme; social security, housing, and funds are essentially the Ponzi schemes of the previous generation. Today's young people buying lottery tickets, meme coins, blind box trendy toys, and inscription NFTs are creating a new wealth narrative for their generation.

Innovation often comes from niche groups and marginal scenarios, accumulating high potential in niche testing from 0-1, and establishing a user self-growth system in mass testing from 1-N.

The generational transition is happening in every industry; the direction of the tide changes repeatedly, with some riding the waves, navigating calmly through the tide, and becoming industry benchmarks.