In the early morning of November 9, 2023, a BRC-20 protocol inscription called piin was quietly launched. In the first few hours, this quiet inscription was only engraved more than 20 times, and the gas fee was about 6USDT. At 6 o'clock in the morning, the engraving volume still did not exceed 200, and the gas fee was about 7USDT. At 8 o'clock in the morning, the engraving volume began to increase, and the gas fee remained above 7USDT.
On November 10, 2023, a total of 100,000 piin inscriptions were all engraved in just one day! The gas fee soared from the initial 5USDT to a maximum of 20USDT. Such a high gas fee engraving and one-day engraving speed attracted the attention of currency players. There were even hundreds of inscriptions that were abandoned because the gas fee was not enough and the gas fee was paid in vain.
At this point, the first BRC-20 inscription of the Pinetwork concept theme - Piin - was officially born, becoming the only inscription project so far with 100,000 inscriptions in just one day.
Why are there so many people rushing for inscriptions?
This question has to be traced back to March 2023, when a Twitter crypto player proposed the ordinals protocol. Because each BTC can be divided into 100 million sats, which is the smallest unit of Bitcoin, its Chinese translation is "satoshi", and each sat is unique, so information is written to each sat, and each sat is recorded on the block, becoming information permanently recorded on the Bitcoin chain. The process of writing information is called "engraving", and the written information is called "inscription", so some people say that the inscription is the real on-chain NFT. Of course, some people say that the act of engraving is using the BTC chain as a tool to record information, which is indeed the case.
The Technological Philosophy and Human Insights of Inscriptions
But what really attracts users is not the technology itself, but the insight into human nature brought by the technological philosophy. Because the difference between inscriptions and traditional tokens and NFTs is that each participant in an inscription project has only two roles: deployer and holder.
The deployer is only responsible for deploying a certain inscription to the BTC chain. Taking Piin as an example, the total amount is 100 billion, the initial number of copies is 100,000, and each copy contains 1 million Piin sub-coins. After he deploys it on the chain, the deployer's address does not have any Piin.
Holder, when the deployer deploys piin on the chain, it is in a completely public state. Anyone can use a crypto wallet to pay BTC as a gas fee to engrave piin. If the deployer wants to obtain piin, he must also manually pay the gas fee to engrave it into his own wallet like other people.
Everyone can engrave it publicly. This absolute fairness is the main reason why users rush to it. Because it is engraved publicly, there is no project owner. Once the engraving is completed, everyone is the holder and the project owner. This is the result of the true insight into human nature of the inscription. Once it goes online, it is 100% decentralized, and even the deployer cannot modify any information.
Why did the Piin inscription break the circle?
The full name of Piin is Pinetwork Inscriptions, which is abbreviated as Piin. This is the first Pinetwork community-initiated MEME inscription on the BRC-20 protocol, because the total amount is marked with the value of Picoin - 100 billion, based on the smallest unit of Picoin 1 million, divided into 100,000 initial addresses. In short, this is the inscription of the Pi network community itself.
Silicon = Pinetwork + BTC
In the past, the crypto community looked down on the Piin community, thinking that participants in the Piin community could only participate in free mining projects. However, this time, through the deployment of Piin on the BTC chain, with the consensus and support of global pioneers, currency circle players can see that the Piin community can also participate in the latest crypto track on the high-end Bitcoin chain. Currently, many well-known crypto influencers or KOLs have paid attention to and held Piin.
You can trade piin in Eurowallet, Unisat wallet, etc.
From 1950 holding addresses on November 9 to 4500 addresses on December 11, from the initial cost of 5USDT to the floor price of 110USDT on December 11, and the highest price of 300USDT, Piin has completed a 20-fold increase, and it was completed through only 4500 addresses. As the first inscription in the Pi circle, if the number of addresses reaches 5000, 10,000, and 100,000, Piin will at least achieve a 100-1000-fold price increase!
BTC version of Picoin
Piin was born only a month ago, and now it has established Twitter, Telegram, and community official websites, and at least 50 KOLs are promoting Piin. Not only that, many Piin anchors and offline clubs in China are promoting Piin. Of course, many pioneers do not have sufficient encryption knowledge, so they need to download, register, buy USDT, buy BTC, transfer, and engrave the Eurowallet step by step. This mental journey takes time to settle. But the Piin circle lacks two things the most: people and persistence.
If you are a Pinet player, you must hold our own Pinet inscription - Piin. Because the total amount of Piin and Picoin are both 100 billion, which is equivalent to deploying a Picoin on the BTC chain. Now think about how long you have participated in Pinetwork and whether you have always maintained your expectations for it. Pinetwork cannot change your fate at present, but now Piin can give you a chance to turn things around and give you the opportunity to own a Picoin on the BTC chain. If you are a holder within 10,000 addresses, you are one in a million who holds the BTC version of Picoin!
If you own Picoin, then you should own the BTC version of Picoin, which replicates the consensus of Pinetwork and engraves the value of Pinetwork. Piin is fully committed to promoting the cross-chain ecology of Pinetwork, inheriting the spirit of BTC and carrying forward the mission of Pinetwork.
