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ICNS: A Multichain Native Nameservice For Cosmos Ecosystem

Missed Ethereum Name Service (ENS) or Terra Name Service (TNS) at early stage, then you won’t want to miss Interchain Name Service (ICNS) which allows you to use easy-to-remember names instead of addresses for Cosmos Ecosystem. Also there could be a chance of airdrop in future like ENS or TNS.

So let’s deep dive into it with the following segments:

  • What’s ICNS?

  • Future Airdrop Like ENS or Not?

  • Tips To Get at least $1 worth of assets on Osmosis

  • Tutorial

  • Conclusion

💭What’s ICNS?

ICNS is a multichain native nameservice which is designed from the ground up with the unique needs of a multichain IBC ecosystem. With ICNS, users will be able to own a single name that represents their identity across the entire Cosmos ecosystem and ICNS names attach to suffixes that represent different chain-level domains such as bitbyte.cosmos for Cosmos Hub, bitbyte.osmo for Osmosis, bitbyte.juno for Juno.

Important Details:

  • In ICNS bootstrapping phase (which is expected to last roughly 1 year), users will be able to claim their ICNS names by verifying their Twitter handles.

  • Initially, all name resolution will take place on the Osmosis blockchain, but in the future each chain’s namespace will be native to itself.

  • Future decisions to be made by the ICNS DAO is expected to include Minting Fees, Renewal Fees, Fee Sharing & Disputes.

📜Read Here:

https://medium.com/@icns/announcing-icns-the-interchain-name-service-e61e0c3e2abb

ICNS Partners
ICNS Partners

ICNS already partnered with renowned & leading names from cosmos ecosystem such as Keplr, Mintscan, Cosmostation, Commonwealth, Skiff

💭Future Airdrop Like ENS or Not?

Back in November 2021, ENS published a major announcement for the early supporters as well as airdrop for them and many users got 5 digit worth of amount from ENS Airdrop. Terra Name Service (TNS) also did airdrop and web3 enthusiasts also got a good amount from it. So we can speculate to have a future airdrop form ICNS as it has DAO to take future decision and airdrop is a good strategy to attract more users in any blockchain ecosystem.

ICNS DAO
ICNS DAO

So don’t miss the chance to be an early hodler of ICNS for cosmos ecosystem. Don’t have funds on Osmosis or Cosmos Ecosystem. No worries, a bonus tips/tricks for #BitByteFams.

💭Tips To Get at least $1 worth of assets on Osmosis

If you’re new in the cosmos ecosystem or don’t have funds in Osmosis to mint ICNS. Also minimum buy amount from CEXs are high like $10 worth of assets! No worries, here’s a tips/tricks to have at least $1 worth of assets on the Cosmos Ecosystem. Lets jump into it.

Min Withdrawal Amount from Binance
Min Withdrawal Amount from Binance

As binance is having min of 0.01 $ATOM Coin, so we’re going to use it. If you don’t have account, then create your account now.

https://bit.ly/3E7gQHP

Now Follow the below steps:

  • First buy $1 worth of $ATOM using PCS or PancakeSwap , then deposit those $ATOM in your binance account by using “Bep20 Address” as network.

  • Now copy cosmos address from Keplr extension wallet and withdraw the same $ATOM in your wallet by using “Cosmos” as network.

  • After getting $ATOM on your keplr wallet, just follow next steps to have assets on Osmosis or any other IBC Chains.

⏩Next steps:

Connecting & Depositing IBC Chain Assets
Connecting & Depositing IBC Chain Assets
  • Visit Osmosis dApp & connect Keplr wallet using “Cosmos Hub” as Network

  • Deposit $ATOM by using the “Deposit” button on assets page

IBC Swap Using Osmosis dApp
IBC Swap Using Osmosis dApp
  • Now go back to “Swap” page and select ATOM → OSMO for swapping

  • Type the amount & confirm transaction to have $OSMO in the Osmosis Chain

  • Except Osmosis Chain, you need to use “assets” page to withdraw funds into other IBC chains.

Now you got at least $1 worth of assets on Osmosis chain and congrats for it.

💭Tutorial

To claim, you need at least 0.5 $OSMO on the Osmosis Chain, check the tips to have it in your keplr wallet and now lets claim ICNS:

Claim ICNS With Twitter
Claim ICNS With Twitter
  • Visit ICNS dApp and click “Claim now” button to connect wallet

  • Next click “Claim With Twitter” button, then click “Authorize App” to verify your twitter ownership. Remember twitter username will be used for ICNS as domain name for different IBC chain.

Chain List For ICNS
Chain List For ICNS
  • In the next page, you will be able to select IBC Chain list. Right now, total of 25 Chains is available to mint ICNS.

  • Now, select chains and click “Register” button. Then final check and click “Register” button to pay the minting fee of 0.50 $OSMO

  • Congrats on claiming ICNS for Cosmos Ecosystem

💭Conclusion

Well done #BitByteFams & congratulations on claiming your ICNS on Osmosis Chain!

Be a part of ICNS Community by using the following links:

🌐 Website: icns.xyz 🐦Twitter: twitter.com/icns_xyz 💻Github: github.com/icns-xyz 📚Blog: medium.com/@icns

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