2 days after launch, here are some things you need to know about Fractal

Written by: c00k1e, BlockBeats

Special thanks: xinyi

It has been two days since the Fractal mainnet was officially launched. Before we review these two days and look forward to the opportunities that may arise in the future, I found something that makes meXiaobai NavigationA funny question -

Many people still don’t know where to buy $FB…

The most direct manifestation of this problem is that at 11 pm on September 9, a "new FT protocol" called FLUX suddenly appeared. Somehow, foreigners also noticed this "inscription disk" that Chinese people are most familiar with. Some foreigners even asked where to find the OTC of $FB...

So before we continue, let’s take a look at the channels where we can trade $FB:

• The CEX that can currently trade/deposit and withdraw $FB is CoinEx. This exchange was established in 2017. The Epic Sat mined during the previous halving was auctioned by CoinEx and ViaBTC, and its background is reliable.

• DotSwap has launched a swap pair between Bitcoin and $FB. You can directly trade $FB on the chain or create a liquidity pool for $FB.

OK, let's review these 2 days of Fractal.

$FB Circulation

How many $FB are currently in circulation?

In addition to the 1 million $FB airdropped, the remaining $FB mentioned in the white paper is reserved. First, 60,000 $FB were transferred from the 15 % in the ecosystem treasury. These 60,000 were transferred to 6 addresses, 10,000 each, which is exactly the same as the 6 projects that received the Season 0 Grant announced by Fractal. Only one Fractal in the 6 addresses was moved, and the 60,000 is not much, so it can be regarded as non-circulation.

10%CommunityAs an incentive, 1 million $FB were transferred, which is the airdrop part.

The pre-sale of 5% has a 7-month lock-up period and has not been moved.

The consultant's share of 5% can be used up to 20% per year, and it has not been moved.

151Core contributor of TP3T, 7-month lock-up period, no move.

Therefore, the current circulating market value is approximately (1 million airdrops + 25 block rewards * 7783 blocks produced) * 20 ≈ 24 million US dollars, and the FDV is 4.2 billion US dollars.

Mining - It's really hard

The current Fractal network's total computing power is 243.442 EH/s.

How do we explain how voluminous this data is? The current total computing power of Bitcoin is about 661 EH/s, which means that Fractal's total computing power is about 37% of Bitcoin.

We can understand it more deeply through a rough estimate. The computing power of an Ant S21 mining machine is 200 TH/s, and the official website price is $5,400. Currently, the single mining pool with the largest computing power on Fractal is MaxiPool, which has mined 1,335 blocks, that is, 1,335 * 25 = 33,375 FB, an average of 16,687.5 per day. At present, the total computing power of MaxiPool is 3,703,010 TH/s. If we calculate it according to the current price of $FB without calculating the electricity cost, an Ant S21 mining machine will take 5,400 / (200 / 3,703,010 * 16,687.5 FB * 20) = 300 days to pay back.

Small investors who hope to participate in mining by leasing computing power and holding computing power NFTs are also losing money. The total amount of $FB mined by FSIC is 259, averaging 0.068 per NFT. FSIC only leased computing power for one year. If we only look at the situation in the past two days, then on average each NFT can only get about 12.4 $FB per year.

So, the FSIC floor price has been going down…

The main reason for the volume is that the following large mining pools have come in to jointly mine, which means that while mining Bitcoin, they can also obtain $FB income. Therefore, there are also some negative voices that believe that the large mining pools are "freeloading".

In addition, who is the mining pool with the highest ranking? The hashrate of 101 EH/s cannot be a small miner, it can only be a large mining pool. Looking at the data on mempool.space, it seems that there is no match, so could this be a joint force of multiple mining pools?

FLUX——Familiar inscription plate, never late

Around 11pm on September 9, the day Fractal was launched, FLUX came out of nowhere, and it was obvious that it was well prepared. It costs 0.05 FB to print one, and the total number of 21,000 is 21,000, and it takes one hour to print.

The project team had previous experience in "starting a business" in Pipe Ecosystem and Rune. I don't want to talk about the controversy over FLUX charges and the overall protocol being very similar to the Pipe protocol, because there is no need to dwell on this point, after all, the OTC price once reached 50 U. In addition, although Fractal has announced that it will not index inscriptions before block height 21,000, this FLUX is a UTXO-based FT protocol, which is similar to Rune, not like BRC-20, which is built on the basis of the Ordinals protocol.

I just want to remind everyone not to be too "patterned". Comparing the introductions of Pipe and FLUX on Github, they are almost exactly the same, so I said "come prepared" - the things are still the same, just in different places.

This is Pipe

This is FLUX

In addition to FLUX, @gm7t2 has made the Ordinals browser for the Fractal network, and the inscription number displayed on it has now reached XXXXX. Seeing a bunch of ported CryptoPunks, mfers, Moonbirds, etc., it really brings me back to the early days of Ordinals.

These inscriptions exist but will not be indexed. I also think that there will basically not be the kind of hype space as the previous "Curse Inscription", so everyone can just watch the fun.

But today, Cat Protocol, which uses OP_CAT, was released. This project actually uses OP_CAT for innovation. If you want to know more, you can check their official documentation.

What opportunities are worth paying attention to?

I think there are two stages.

First of all, before the Ordinals protocol is activated at block height 21000, I would not be surprised if someone brings something like Pipe here, such as renaming Atomicals or not. But I am not optimistic about whether it can be hyped up. After all, FLUX can be popular because no one has time to analyze whether it is really innovative. How the price will behave after people react remains to be seen.

Other than that it doesn’t look like there will be much fun until block 21000… although I really hope there will be.

Then there will be a lot of things to play with, and I think the following are worth paying attention to:

– On the faster Fractal, there will be meme-like god disks like those on ETH/Solana/Base. Currently, there are three companies that have said they will build pump.fun on Fractal: Satspumpfun, satx.fun, and BVM. They are all “old faces” - the advisory team of Satspumpfun includes Jack Liu, satx.fun should be from the Moto series, and BVM is BVM… So, the key here may be two points, one is to see which company is more willing to spend money to build a god disk, and the other is to see which company can attract more high-quality meme token initiators. In addition, we also need to see whether the network experience can be as smooth as it is now after Fractal really becomes popular.

– NFT 项目目前比较值得关注的是 honzomomo 以及「分型大鹅」。前者从 7 月开始运营官推，热度比较不错，但是我没搞明白的是他们宣传上说自己是第一个 Fractal 小图片系列，这个到时候要怎么保证？后者则是原来在主网上就火过的大鹅 Goosinals，这个看好的原因是他们的团队一直在宣传「分型大鹅」这个事，从 8 月 11 日就开始说「分型大鹅」依然会是免费公开铸造、「First is First」的 10K 系列。其次，对别的图片项目来说也许共识很难转移到 Fractal 上甚至会抵触，但是 Goosinals 这个系列本身就是大家自发用 Dmitri Chernia 为 MoMA Postcard 做的像素鹅图片生成器然后刻成铭文而形成的，当时就有多个链都出现了鹅，没有那么严重的「母链」情节或价值依赖。最后就是华语圈在 Goosinals 社区算是中流砥柱，华语玩家本身对 Fractal 兴趣就高。

So for all of the above we can now prepare:

– Buy some $FB and divide it into multiple addresses. When you encounter a new project, use multiple addresses together to prevent a single address from being stuck in UTXO and falling behind others.

– For the “typed goose”, use the pixel goose picture in advanceGeneratorGenerate your favorite goose picture, and start playing as soon as the block height reaches 21000 (it seems like this at the moment, but you still need to pay close attention to the official promotion status. As for the engraving tool UniSat, it will definitely be online at that time)

The article comes from the Internet:2 days after launch, here are some things you need to know about Fractal

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