Post deployment token, how to play social inscription twitscription

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2023-12-28 18:10:29
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Hot tracks are not lacking in innovation, and they also need to pay attention to innovation.

Author: meteor, ChainCatcher
The popularity of inscriptions continues to rise, and a rather interesting project has recently emerged, a social inscription platform called twitscription, where anyone can deploy inscriptions. The interesting aspect of this project is the free mint token XRC20; users only need to connect their wallets on Twitter and post a tweet to deploy and mint their own XRC20 token.

XRC20 Mint Tutorial

Many users have already deployed a large number of inscriptions, such as "X, musk, SOL," and many users have participated in minting, which is a relatively simple process.

Users need to follow their official account, enter the official app, click Deploy, and the official tweet will automatically generate the content for the Twitter post. The JAVA code format will appear as follows to deploy XRC20; fill in the name of the inscription you want to mint after "tick," "max" represents the maximum supply, and "lim" represents the number of inscriptions you mint,
{ "p": "#XRC20",
"op": "deploy",
"tick": "",
"max": "21000000",
"lim": "1000"
}

Then, publish a tweet with "mint" to mint your new token.

After that, all token holders need to do to transfer their tokens is post a "transfer" Java format tweet on Twitter. The project's official social media has also proposed ideas for bridging to the Base chain.

Some Thoughts on Twitscription

Inscriptions on various chains are emerging one after another, but they are all based on traditional inscription methods. Twitscription may bring new gameplay to the inscription track, similar to the previously emerged social protocol friend.tech, which also combines Twitter and wallets.

Twitscription Advantages

Compared to various inscriptions that have appeared before, the gameplay of Twitscription is extremely user-friendly, using Java format, allowing minting with just a post, and enabling users to deploy their own inscriptions. Unlike other minting methods, it does not require a lot of time and effort. Another highlight of Twitscription is Free minting, which does not require users to set up wallets and add funds in advance. Additionally, compared to other inscription projects, Twitscription effectively avoids the situation where developers monopolize a large number of inscriptions.

Twitscription Disadvantages

At the same time, Twitscription is more reliant on Twitter compared to other on-chain inscriptions, making it less decentralized; your token can easily be influenced by Twitter (Elon Musk). Although the project has proposed ideas for bridging to the Base chain, it has not yet been realized. While the Twitscription app has the functionality to connect wallets, it seems that transactions do not need to occur on-chain, and transfers can be done simply by tweeting. In the future, if integration with Base is achieved, it will require Base inscription indexing to support Twitscription, and the indexer must simultaneously follow both Twitter and Base to mint and deploy tokens.
Their official social media indicates that there are currently over 100,000 inscriptions indexed on Twitscription. Additionally, after posting, users cannot view the minting process of the inscriptions, and the minting speed is not very fast; the author posted to mint an hour ago but has not yet seen their XRC20.

Conclusion

Currently, Twitscription is not perfect and may not go very far, but this idea has brought innovation to the inscription track, such as a simple UI interface and operation, the democratization of token deployment, and Free minting. The project app indicates that an XRC20 market will soon be launched, where transfers, trading, and more can take place. If this project can be integrated into a certain chain or application, like Base, and be endowed with market value and liquidity, perhaps some of these tokens could become practical tokens for Twitter, such as being used for tipping and rewarding tweet authors.

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