INS, the token from Inscribe, a pioneer cross-chain marketplace and automated tool with an indexer API for inscriptions across all chains—including Bitcoin, EVM, and non-EVM— is officially live. Following its launch on February 1st, Inscribe's valuation impressively surged from $5 million to $19 million in under 24 hours.
Lisbon, 5th of February, 2024
Inscribe The First Ever Cross-Chain Marketplace for Incritiptions
has announced the launch of its token on February 1st. INS will be the driving force behind Inscribe's in-house cross-chain marketplace. As the first platform of its kind, Inscribe integrates EVM and non-EVM blockchains including Avalanche, ZkSync, BNB Chain, Polygon, Bitcoin, and Dogechain, redefining the boundaries of cross-chain interactions.
The marketplace, which is currently on testnet , promises to bring a seamless, unified platform for transactions across disparate blockchain networks, enhancing liquidity and market dynamics while simplifying the user experience.
Inscribe Token is Now Live.
INS Spectacular Debut and Record-Breaking Community
Inscribe's public sale successfully raised over $5 million, with the company now showing a $19 million market cap. Developed in-house, Inscribe's technology underpins a marketplace where inscriptions minted on any supported network can be listed, bought, and sold easily, using the users’ preferred wallets enabling users to experience the best of this new market without having to worry about bridging funds. This innovation not only expands market accessibility but also significantly improves cross-chain liquidity.
The platform, which is still in testnet, showed impressive results during its initial testnet phase, "The Launch", where Inscribe's WebApp and TG Bot were rigorously tested by the community. The community's enthusiastic response resulted in over 4.5 million transactions, involving more than 5500 unique users, and generating 250,000 unique orders in just a day, breaking the Goerli Transactions Record.
Following this success, Inscribe has released Season 2 "Stress Testing". The new Season, which started on January 30th saw an astonishing 39 million transactions in 48 hours, further showcasing Inscribe's community's active engagement and infrastructure capacity.
Inscribe Marketplace Framework.
The Decentralized Solution on The Inscriptions Market
The inscriptions market has witnessed a remarkable surge over the last six months, initially sparked by the advent of the BRC-20 token standard. This burgeoning interest led to the expansion of inscriptions across various blockchains, including Ethereum, Avalanche, and more, highlighting the technology's vast potential. Recognizing the immense opportunities yet mindful of the challenges posed by liquidity fragmentation, the Inscribe team embarked on developing a solution tailored to this new market dynamic.
While Inscribe was not alone in identifying the gap in the market, its approach set it apart. Binance, a major player, also ventured into the inscriptions space with its platform. However, the distinction between the two couldn't be starker. Inscribe champions a decentralized platform, offering its services in a manner that preserves user autonomy and ensures direct ownership of inscriptions. In contrast, Binance's centralized solution introduces a layer of risk for its users, who must navigate the platform's restrictions and do not hold their inscriptions directly. This fundamental difference underscores Inscribe's commitment to empowering users within the inscriptions market, providing a secure, decentralized alternative that aligns with the ethos of blockchain technology.
About Inscribe
Inscribe is the pioneering cross-chain Marketplace, Automated tool (WebApp & Bot), and Indexer API for inscriptions across all chains, including Bitcoin, EVM, and non-EVM networks. It represents a significant leap forward in making inscriptions universally accessible, facilitating participation in the inscription markets from a wide range of blockchains with a single click. With its focus on unified liquidity, simplified user experience, and multichain accessibility, Inscribe has been showing tremendous results in the two first testnet stages.
Find more about Inscribe on their
Note: This post was published on behalf of a client. PUBLISH0X cannot guarantee the accuracy of the statements made in this post. The post should not be considered as an Publish0x endorsement of the products, services, or people mentioned.
