Have you ever thought about deploying and minting tokens on Twitter? Recently, a social token project called twitscription has emerged, allowing users to deploy and mint their own XRC20 tokens on Twitter without any cost.
(Background:
OKT Chain grabs the token market! The first XRC20 token OKTS is launched, and OKT has surged nearly 100%.
)
With the explosion of tokens at the end of 2023, major blockchains have also deployed their own tokens. Recently, a new project has emerged in the community: twitscription, a platform where anyone can deploy tokens.
The interesting aspect of this project is the free minting of XRC20 tokens. Users only need to link their wallet on Twitter to publish a tweet and deploy and mint their own XRC20 tokens.
XRC20 Minting Tutorial
Many users have already deployed a large number of tokens, such as “X”, “musk”, “SOL”, etc., and there are also many participants in the minting process. The process is relatively simple.
Users need to follow the project’s official account, enter the official app, click on “Deploy”, and the official tweet content will automatically appear. The JAVA code format for deploying XRC20 tokens is as follows: tick represents the name of the token you want to mint, max represents the maximum supply, and lim represents the quantity of tokens you want to mint.
{ “p”: “#XRC20”,
“op”: “deploy”,
“tick”: “”,
“max”: “21000000”,
“lim”: “1000”
}
After that, you can mint your new token by publishing a tweet with the keyword “mint”.
To transfer your tokens, all token holders need to do is publish a tweet in Java format with the keyword “transfer” on Twitter. The project’s official community has also proposed ideas for bridging to the Base chain.
Thoughts on twitscription
While there are various tokens on major chains, they are all based on traditional token strategies. Twitscription may bring a new way of playing in the token race, similar to the social protocol friend.tech, which combines Twitter and wallets.
Advantages of twitscription
Compared to various tokens that have appeared before, twitscription’s approach is extremely user-friendly. It uses Java format and allows minting by simply posting. Users can also deploy their own tokens, unlike other token minting projects that require a significant amount of time and effort.
Another highlight of twitscription is Free mint, which does not require users to set up a wallet or add funds in advance. Compared to other token projects, twitscription effectively avoids the situation where developers monopolize a large number of tokens.
Disadvantages of twitscription
However, twitscription is more dependent on Twitter, so it is not as decentralized as other tokens. Your tokens are easily influenced by Twitter (like Musk).
Although the project has proposed the idea of bridging to the Base chain, it has not been implemented yet. While the twitscription app has the functionality to connect to a wallet, it seems that transactions do not need to be conducted on the chain, and transfers can be done simply through tweets. In the future, if integration with Base is achieved, the Base token index must support twitscription, and the indexer must pay attention to both Twitter and Base to enable minting and deployment of tokens.
According to the project’s official community, there are already over 100,000 tokens indexed on twitscription. In addition, the minting process cannot be viewed after posting, and the minting speed is not very fast. The author posted a minting tweet 1 hour ago, but has not yet seen their XRC20 token.
Conclusion
Currently, twitscription is not perfect and may not go very far, but this idea brings innovation to the token race, such as a simple UI interface and operation, democratization of token deployment and Free mint. The twitscription app shows that an XRC20 market will be launched soon, where transfers and transactions can be made.
If the project can be integrated into a chain or application in the future, such as Base, it may gain market value and liquidity. Some tokens may become practical tokens on Twitter, such as tipping tokens for rewarding tweet authors.
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