Beginner's Guide to Inscription (EVM) - KR
최근 BRC-20이 핫한데, 이에 맞춰 다양한 체인들에서 Inscription 붐이 일어나고 있습니다. Inscription은 트랜잭션 또는 스마트 컨트랙트 내에 정보를 삽입하는 프로세스를 의미합니다. 기존 스마트 컨트랙 기반으로 토큰의 발행과 유통이 되었던 ERC-20과 다르게 Inscription 토큰들은 트랜잭션 메시지(imput data)에 데이터 값을 self transaction을 통해 저장하는 형태로 토큰의 deploy, mint, transfer가 이루어집니다. 그러나 Inscription이라는 개념은 매우 생소하고, 실제로 혼란스럽습니다. 혹자는 ERC-20을 두고 왜 이런 방식을 선택하는지 이야기하기도 하죠. 다만 개인적으로 Inscription의 매력은 누구에게나 공평하다는 점이라고 생각합니다. 이런 특징은 밈코인에서 장점이 도드라집니다. 밈 코인의 가장 큰 리스크는 팀이 유동성을 마음대로 조작하거나, 나도 모르는 사이에 판매되었거나 분배되었던 팀과 제 3자...
Web3 Marketing Overview (KR)
지난 NFT Bull Market에서의 마케팅은 주로 한정된 수량의 NFT를 판매하고 2차 시장의 거래량과 FP를 높이는 것에 초점이 맞춰졌습니다. 그리고 이러한 성과는 FP와 Volume으로 성공과 실패가 판가름되었습니다. 하지만 실질적인 제품이 출시되고 Web3(NFT, 토큰 등)가 하나의 레이어로 들어감에 따라, 앞으로의 Web3 마케팅에서는 새로운 사용자를 확보하고 제품을 성장시키는 것이 주요한 과제가 될 것이라 생각합니다..우리는 더이상 이런 시대에 살고있지 않습니다.다시 말해, NFT에서 Product로 관점이 전환되며 FP, Volume이 아닌 LTV>CAC를 만들어내는 Growth 관점에서의 Web3 마케팅 전략에 대한 고민이 필요합니다.LTV : Life Time Value의 약자로 한 명의 고객이 고객으로 남아 있는 기간 동안 결제하는 총금액을 의미함 CAC : Customer Acquisition Cost의 약자로 고객을 확보하기 위해 드는 비용을 뜻함이와 ...
Post-mortem of Previous Euphoria (feat. 10K narrative)
Many things happened in the NFT market over the course of several months. Azuki which has been securing solid FP(while others are falling) has proven that nobody can survive from dilution and the bear market through Elemental drop.Doodles said that they are not NFT project.Ether which was the most anticipated drop failed to sold out. NFT market unique traders, trading volume is decreasing, FP is falling even though projects are still delivering.https://dune.com/hildobby/NFTsNFT used to be con...
Recently, BRC-20 is gaining insane traction and there is an Inscription exploding on various chains.
Inscription refers to the process of embedding information, often cryptographic signatures, within transactions or smart contracts.
Unlike ERC-20, where tokens are issued and distributed based on existing smart contracts, Inscription tokens are deployed, minted, and transferred by storing data values in transaction messages (input data) through self-transactions.
However, the concept of Inscription is very unfamiliar, and indeed confusing, and some may argue why we should choose this over ERC-20.
But personally, I think the beauty of Inscription is that it's fair to everyone, and this point is maximized when comes to meme coins.
The biggest risk of trading meme coins was the risk of teams manipulating liquidity, or dumping tokens by teams and third parties that were sold or distributed without your knowledge.
The irony is that on a decentralized blockchain, you're relying on trust in the team and the KOLs who recommended it, whereas with Inscription, anyone can participate in the minting, as long as they pay for gas, and anyone can sell at the same time.
Each chain has a different way of doing Inscription. EVM uses a UI similar to NFTs (actual transactions are based on input data), Solana uses NFTs to transact with minting, and Near wrap Inscriptions to fungible tokens to support AMM transactions.
As informations is fragmented, technical and unknown, today I’ll walk you through the A-Z of how inscription works on EVM.
Inscription is minted by deploying a JSON String into a transaction that specifies the following.
"p" : Protocol name (ex. BRC-20, ARC-20, etc.). Inscription on EVM usually follows the protocol name named by the first inscription token issued.
"op" : Event type (deploy, mint, transfer). In case of deployment, set to deploy
"tick": Token name. BRC-20 has a maximum of 4 characters, but for EVM there is no limit.
"max" : Maximum issuance. The maximum issuance is usually set to 21,000,000. This number can be flexibly changed depending on the maximum minting quantity.
"lim" : Minting limit. This can be used in a variety of ways, but setting a low number will increase the number of transactions required to reach 100% minting. However, if you set it too low, only a few people will be able to mint, making it difficult to create a community. Usually set it to 1000.
I'm going to deploy a token called $astr on the Astar EVM network, which no one seems to have inscribed to yet.
I wanted to mint 21 million in batches of 1000, so I deployed the following JSON string using the Inscription tool unieths.
{"p":"ast-20","op":"deploy","tick":"astr","max":"21000000000","lim":"1000"}
When the transaction is created, it is stored in the block as a hex value as shown below, but when you convert it to UTF-8, you can see the Deploy data that I inserted as shown in the second photo.
Tx hash : https://blockscout.com/astar/tx/0x10b58e5219c9c1e64bb2e159da847fe61260a41191020fe23706fe36733a2149


Now $astr is deployed, let's mint $astr. Mint requires a following JSON String.
"p" : same as the protocol name you used to deploy
"op" : mint
"tick" : astr
"amt" : 1000
The key thing to note here is that you're using “amt”, not “lim”, to specify the quantity to mint, and the quantity must be the same as the “lim“ value. If you enter a different number, the hex value will be changed and will not be recognized by Indexer, as most indexers indexing the hex value.
In the same tool, I created a transaction with the following input data.
{"p":"ast-20","op":"mint","tick":"astr","amt":"1000"}
Tx hash : https://blockscout.com/astar/tx/0x10b58e5219c9c1e64bb2e159da847fe61260a41191020fe23706fe36733a2149


There are now 20,999,999,000 $astr left.
There is one caveat here. Anyone can transact with the above deploy and mint data strings, and mint can be left in an infinite number of transactions.
This means that you can do the same $astr deployment and mint multiple times over max supply and lim. Which is why which deploy transaction was the fastest is so so important... Legitimacy matters lol
In Web3, there’s first mover adventage, so this is taken more seriously than you might think. There have been cases where we've been minting with gusto, only to have a huge mess when an older transaction is found.
In the case of $AVAL minted on Avalanche, there were multiple deploy transactions found, and the starting point transaction had the wrong JSON string, so the number of $AVALs minted was counted differently. But social concensus was built among people who minted.
Mint has fewer problems than deploy. This is because if we have a clear starting point, we can count max/lim mint transactions on FCFS and get a clear picture of where the valid inscription starts and ends.
For the $AVAL attached below, I counted 21 million from block_number 37942008.
https://dune.com/wisekim_eth/dollaraval-inscription
Now, in order to trade the minted $astr, we need an event to move these data values.
To move them, we use the transfer event.
"p" : Same as mint
"op" : same as mint
"tick" : Same as mint
"amt" : enter the quantity you want to transfer (for brc-20, it should be less than the lim in deploy)
{"p":"asc-20","op":"transfer","tick":"aval","amt":"600000000”}

Replaced to $AVAL transfer
But there's one thing missing, right? The recipient's address. How do we know who we're sending to and how does it get processed?
This is where Indexer comes in. The indexer acts as a ledger that keeps track of who has how many tokens and how they are moving around. There are many ways to do indexing, but for brc-20 we use libbrc20-indexer created by unisat, for EVM we use deploy, which creates a self-transaction, and unlike mint, we handle transfers and transactions by creating a transaction with the to value set to the recipient's address in the transaction. This allows the balance in the indexer to fluctuate while the total amount remains constant.
This is how Inscription OTC works as well.
That's it for how Inscription works.
I'd like to end this post by sharing my experiences and tips on Inscription so far.
When Inscirption is deployed on new chain, there’s no indexer or marketplace, so trading is mainly held on OTC, and if no one is makes indexer or marketplace, it's a waste of gas. Check if there’s any project building it
EVM Inscription price is formed similar to NFT FP
There is a lot of noise around Deploy and Mint data, so it's important to learn quickly and make your own judgments.
The Mint JSON String format does not change from the form below, so it is good to memorize it.{"p":"ast-20","op":"mint","tick":"astr","amt":"1000"}
Each chain has its own inscription narrative, with most of the market capitalization coming from the first to third inscriptions. Especially you need to catch the first one very fast.
Chinese friends are serious about Inscription and driving the narrative.
If you want to know which chains generating Inscription txs, check out Hashed ansubin.eth dashboard
https://dune.com/hashed_official/inscriptions
If you want to quickly pull minting data on inscription, fork my $AVAL dashboard
https://dune.com/wisekim_eth/dollaraval-inscription
It doesn't matter where do inscription, but I recommend https://unieths.io/
NFA DYOR
Recently, BRC-20 is gaining insane traction and there is an Inscription exploding on various chains.
Inscription refers to the process of embedding information, often cryptographic signatures, within transactions or smart contracts.
Unlike ERC-20, where tokens are issued and distributed based on existing smart contracts, Inscription tokens are deployed, minted, and transferred by storing data values in transaction messages (input data) through self-transactions.
However, the concept of Inscription is very unfamiliar, and indeed confusing, and some may argue why we should choose this over ERC-20.
But personally, I think the beauty of Inscription is that it's fair to everyone, and this point is maximized when comes to meme coins.
The biggest risk of trading meme coins was the risk of teams manipulating liquidity, or dumping tokens by teams and third parties that were sold or distributed without your knowledge.
The irony is that on a decentralized blockchain, you're relying on trust in the team and the KOLs who recommended it, whereas with Inscription, anyone can participate in the minting, as long as they pay for gas, and anyone can sell at the same time.
Each chain has a different way of doing Inscription. EVM uses a UI similar to NFTs (actual transactions are based on input data), Solana uses NFTs to transact with minting, and Near wrap Inscriptions to fungible tokens to support AMM transactions.
As informations is fragmented, technical and unknown, today I’ll walk you through the A-Z of how inscription works on EVM.
Inscription is minted by deploying a JSON String into a transaction that specifies the following.
"p" : Protocol name (ex. BRC-20, ARC-20, etc.). Inscription on EVM usually follows the protocol name named by the first inscription token issued.
"op" : Event type (deploy, mint, transfer). In case of deployment, set to deploy
"tick": Token name. BRC-20 has a maximum of 4 characters, but for EVM there is no limit.
"max" : Maximum issuance. The maximum issuance is usually set to 21,000,000. This number can be flexibly changed depending on the maximum minting quantity.
"lim" : Minting limit. This can be used in a variety of ways, but setting a low number will increase the number of transactions required to reach 100% minting. However, if you set it too low, only a few people will be able to mint, making it difficult to create a community. Usually set it to 1000.
I'm going to deploy a token called $astr on the Astar EVM network, which no one seems to have inscribed to yet.
I wanted to mint 21 million in batches of 1000, so I deployed the following JSON string using the Inscription tool unieths.
{"p":"ast-20","op":"deploy","tick":"astr","max":"21000000000","lim":"1000"}
When the transaction is created, it is stored in the block as a hex value as shown below, but when you convert it to UTF-8, you can see the Deploy data that I inserted as shown in the second photo.
Tx hash : https://blockscout.com/astar/tx/0x10b58e5219c9c1e64bb2e159da847fe61260a41191020fe23706fe36733a2149


Now $astr is deployed, let's mint $astr. Mint requires a following JSON String.
"p" : same as the protocol name you used to deploy
"op" : mint
"tick" : astr
"amt" : 1000
The key thing to note here is that you're using “amt”, not “lim”, to specify the quantity to mint, and the quantity must be the same as the “lim“ value. If you enter a different number, the hex value will be changed and will not be recognized by Indexer, as most indexers indexing the hex value.
In the same tool, I created a transaction with the following input data.
{"p":"ast-20","op":"mint","tick":"astr","amt":"1000"}
Tx hash : https://blockscout.com/astar/tx/0x10b58e5219c9c1e64bb2e159da847fe61260a41191020fe23706fe36733a2149


There are now 20,999,999,000 $astr left.
There is one caveat here. Anyone can transact with the above deploy and mint data strings, and mint can be left in an infinite number of transactions.
This means that you can do the same $astr deployment and mint multiple times over max supply and lim. Which is why which deploy transaction was the fastest is so so important... Legitimacy matters lol
In Web3, there’s first mover adventage, so this is taken more seriously than you might think. There have been cases where we've been minting with gusto, only to have a huge mess when an older transaction is found.
In the case of $AVAL minted on Avalanche, there were multiple deploy transactions found, and the starting point transaction had the wrong JSON string, so the number of $AVALs minted was counted differently. But social concensus was built among people who minted.
Mint has fewer problems than deploy. This is because if we have a clear starting point, we can count max/lim mint transactions on FCFS and get a clear picture of where the valid inscription starts and ends.
For the $AVAL attached below, I counted 21 million from block_number 37942008.
https://dune.com/wisekim_eth/dollaraval-inscription
Now, in order to trade the minted $astr, we need an event to move these data values.
To move them, we use the transfer event.
"p" : Same as mint
"op" : same as mint
"tick" : Same as mint
"amt" : enter the quantity you want to transfer (for brc-20, it should be less than the lim in deploy)
{"p":"asc-20","op":"transfer","tick":"aval","amt":"600000000”}

Replaced to $AVAL transfer
But there's one thing missing, right? The recipient's address. How do we know who we're sending to and how does it get processed?
This is where Indexer comes in. The indexer acts as a ledger that keeps track of who has how many tokens and how they are moving around. There are many ways to do indexing, but for brc-20 we use libbrc20-indexer created by unisat, for EVM we use deploy, which creates a self-transaction, and unlike mint, we handle transfers and transactions by creating a transaction with the to value set to the recipient's address in the transaction. This allows the balance in the indexer to fluctuate while the total amount remains constant.
This is how Inscription OTC works as well.
That's it for how Inscription works.
I'd like to end this post by sharing my experiences and tips on Inscription so far.
When Inscirption is deployed on new chain, there’s no indexer or marketplace, so trading is mainly held on OTC, and if no one is makes indexer or marketplace, it's a waste of gas. Check if there’s any project building it
EVM Inscription price is formed similar to NFT FP
There is a lot of noise around Deploy and Mint data, so it's important to learn quickly and make your own judgments.
The Mint JSON String format does not change from the form below, so it is good to memorize it.{"p":"ast-20","op":"mint","tick":"astr","amt":"1000"}
Each chain has its own inscription narrative, with most of the market capitalization coming from the first to third inscriptions. Especially you need to catch the first one very fast.
Chinese friends are serious about Inscription and driving the narrative.
If you want to know which chains generating Inscription txs, check out Hashed ansubin.eth dashboard
https://dune.com/hashed_official/inscriptions
If you want to quickly pull minting data on inscription, fork my $AVAL dashboard
https://dune.com/wisekim_eth/dollaraval-inscription
It doesn't matter where do inscription, but I recommend https://unieths.io/
NFA DYOR
Beginner's Guide to Inscription (EVM) - KR
최근 BRC-20이 핫한데, 이에 맞춰 다양한 체인들에서 Inscription 붐이 일어나고 있습니다. Inscription은 트랜잭션 또는 스마트 컨트랙트 내에 정보를 삽입하는 프로세스를 의미합니다. 기존 스마트 컨트랙 기반으로 토큰의 발행과 유통이 되었던 ERC-20과 다르게 Inscription 토큰들은 트랜잭션 메시지(imput data)에 데이터 값을 self transaction을 통해 저장하는 형태로 토큰의 deploy, mint, transfer가 이루어집니다. 그러나 Inscription이라는 개념은 매우 생소하고, 실제로 혼란스럽습니다. 혹자는 ERC-20을 두고 왜 이런 방식을 선택하는지 이야기하기도 하죠. 다만 개인적으로 Inscription의 매력은 누구에게나 공평하다는 점이라고 생각합니다. 이런 특징은 밈코인에서 장점이 도드라집니다. 밈 코인의 가장 큰 리스크는 팀이 유동성을 마음대로 조작하거나, 나도 모르는 사이에 판매되었거나 분배되었던 팀과 제 3자...
Web3 Marketing Overview (KR)
지난 NFT Bull Market에서의 마케팅은 주로 한정된 수량의 NFT를 판매하고 2차 시장의 거래량과 FP를 높이는 것에 초점이 맞춰졌습니다. 그리고 이러한 성과는 FP와 Volume으로 성공과 실패가 판가름되었습니다. 하지만 실질적인 제품이 출시되고 Web3(NFT, 토큰 등)가 하나의 레이어로 들어감에 따라, 앞으로의 Web3 마케팅에서는 새로운 사용자를 확보하고 제품을 성장시키는 것이 주요한 과제가 될 것이라 생각합니다..우리는 더이상 이런 시대에 살고있지 않습니다.다시 말해, NFT에서 Product로 관점이 전환되며 FP, Volume이 아닌 LTV>CAC를 만들어내는 Growth 관점에서의 Web3 마케팅 전략에 대한 고민이 필요합니다.LTV : Life Time Value의 약자로 한 명의 고객이 고객으로 남아 있는 기간 동안 결제하는 총금액을 의미함 CAC : Customer Acquisition Cost의 약자로 고객을 확보하기 위해 드는 비용을 뜻함이와 ...
Post-mortem of Previous Euphoria (feat. 10K narrative)
Many things happened in the NFT market over the course of several months. Azuki which has been securing solid FP(while others are falling) has proven that nobody can survive from dilution and the bear market through Elemental drop.Doodles said that they are not NFT project.Ether which was the most anticipated drop failed to sold out. NFT market unique traders, trading volume is decreasing, FP is falling even though projects are still delivering.https://dune.com/hildobby/NFTsNFT used to be con...
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