Inventory of ARC-20 hot assets: QUARK and SOPHON

Written by: Asher, Odaily Planet Daily

Editor: Qin Xiaofeng

Recently, due to the continuous decline of BTC, the inscription market has been relatively quiet, both in the primary IPO and secondary trading. However, the inscriptions in the ARC-20 sector are still quite popular, especially QUARK and SOPHON. Odaily Planet Daily takes you to learn more about ARC-20 TokenAs well as popular projects in this ecosystem. Kindly note that the market fluctuates greatly, so be sure to do sufficient research before investing.

ARC-20 Assets

Quarks and Sophons both belong to ARC-20 TokenARC-20 TokenIt is a colored coin model, where registration information is engraved into the transaction script, the balance is expressed in Satoshi numbers of UTXO, and the transfer function is completely handled by the BTC mainnet. The ARC-20 standard stipulates that the minimum unit of each ARC-20 token is 1 Satoshi. This not only ensures the minimum value of the token, but also makes the creation and management of AEC-20 assets efficient and flexible. It is worth mentioning that the uniqueness of the ARC-20 naming system reduces the negative impact of copycat tokens and makes the entire system clear and unified. Below, we focus on two popular projects in this sector - QUARK and SOPHON.

QUARK: Most Coin Holding Addresses

In the last week of December, almost the entire Bitcoin ecosystem was mining quarks. The English meaning of quarks is that quarks are the basic unit of matter. Similar to the smallest unit of Bitcoin, SATS, quarks have meme properties to a certain extent. Since quarks have many currency addresses and strong basic consensus, manyCommunityMembers believe that Quark has the potential to become a meme coin that can go viral in the Atomicals ecosystem.

From the perspective of participation, the design of Quark has certain advantages. On the one hand, the total amount of Quark is 500,000, and each Quark contains 20,000 pieces, which means that it takes a long time to complete the casting. Such a design can attract more people to participate and form a certain consensus. On the other hand, the difficulty of Quark mining is 6, which is relatively simple compared to Electron and Neutron, allowing more people to participate in the first-level casting process. The average cost of each Quark in the entire casting process is about US$20-30. The figure below shows the casting cost of the BTC network Gas at around 97, which is about US$23.2.

Quark casting cost (Gas= 97)

In the secondary market, the highest price of Quark is 17.4 SATS, which is equivalent to 0.00348 BTC per piece (i.e. 20,000 Quarks), about 139 USD. Compared with the average cost of primary casting, the highest increase is 450%, and the current price is 8.73 SATS. Quark has 14,181 holding addresses, making it the token with the most holding addresses among ARC-20 assets.

Quark Secondary Market

Secondary market purchase link: https://atomicalmarket.com/market/token/quark.

SOPHON: Each contract requires 100,000 BTC to be locked

Introduction

SOPHONs are different from quarks.Xiaobai NavigationIn short, every time you mine a Sophon, you need to lock up 100,000 satoshis of BTC. Assuming the current BTC price is $40,000 per coin, you need to lock up BTC worth $40 and pay an additional gas fee. Considering that the total number of Sophons is 420,000, according to the rules for mining Sophons, mining all Sophons is equivalent to locking up 420 BTC.

According to the few days of casting Sophon, in addition to the 100,000 BTC that must be locked for each Sophon, the Gas cost is about 5 to 7 US dollars. Therefore, even if Sophon returns to zero, the original Sophon is still worth 0.001 BTC. In fact, casting or buying Sophon is equivalent to storing BTC in another form. If you are optimistic about the future market, holding Sophon may be a good choice.

When the Tomoko is cast

In the secondary market, the main transaction price of Sophon is maintained between 1.16 SATS and 1.2 SATS, which is equivalent to 0.00116 BTC to 0.0012 BTC per piece (i.e. 100,000 Sophons), equivalent to 46.5 to 48 US dollars. In terms of 24-hour trading volume, Sophon is currently second only to ATOM, at 2.35 BTC (about 94,000 US dollars). In terms of coin holding addresses, Sophon is currently second only to Quark, at 7474. Therefore, from the perspective of secondary market performance, although there are many coin holding addresses and large trading volume, Sophon has not seen a significant increase compared to primary casting.

Sophon Secondary Market

Secondary market purchase link: https://atomicalmarket.com/market/token/sophon

Overview

For ARC-20 assets,Community普遍期待两个可能落地的利好：一是 OKX Web3 walletThe ARC-20 market will be launched; secondly,BinancewalletIf the inscription market is launched, ARC-20 may also be launched simultaneously. If the favorable conditions are realized, Quark and Sophon will have the opportunity to become the focus of the ARC-20 sector, and may have a good return on investment.

The article comes from the Internet:Inventory of ARC-20 hot assets: QUARK and SOPHON

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