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On February 7, 2024, the IERC-20 protocol announced an important ecological milestone, marking a key moment in the continued development of the Ethereum Inscription ecosystem. The first IERC improvement proposal, IEIP-1, was launched on Snapshot, a fair governance tool and voting platform that allows DAO, DeFi protocols and NFT communities to easily vote without gas fees.

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IERC-20 is a pioneer in the open exchange market in the Ethereum Inscription ecosystem. It is a scalable solution for Ethereum that provides everyone with a seamless, user-friendly and accessible experience for buying and selling IERC-20 based inscriptions.

IERC Protocol continues to grow every day. In order to simplify the process of obtaining updates within the community, IERC has launched news updates. Currently, these updates are biweekly, but the frequency can be adjusted as the project progresses. Introduction IERC Protocol is the pioneer of open exchange markets within the Ethereum Inscription ecosystem. It is an Ethereum scalability solution that enhances compatibility between Inscription Protocol services. The IERC protocol facilitates the seamless buying and selling of various inscriptions based on the IERC protocol, ensuring a user-friendly and accessible experience for all users. Main Events IERC has been preparing for the Grant Program, and January 14, 2024 marks its official launch. IERC welcomes Enscriptions Pad as the first recipient of funds from the program and a new partner of the agreement. Enscriptions Pad is the first Ethereum inscription launch platform built on the IERC-20 protocol. It will gradually introduce full-chain IDO and the inscription market with its own index. Enscriptions aims to bridge the gap between innovative projects struggling to secure funding and investors eager to participate in emerging businesses. Its mission is to identify and nurture high-quality, community-driven projects that promote the growth of the EVM-based Inscription ecosystem and support long-term sustainability. The project roadmap can be found on the official Enscriptions Pad website. This is an excellent addition to the IERC inscription ecosystem. Enscriptions Pad will receive funding grants totaling $20,000ethi. The initial 5,000 $ethi has been allocated. IERC will continue to provide further progress information to the community. As a token of gratitude to IERC, Enscriptions Pad will airdrop 10% of its native inscriptions to IERC ecosystem participants. Of these, 3% were airdropped after the completion of the first IDO of Enscriptions Pad, while the remaining 7% will be airdropped as the first project is released on Launchpad. As IERC Protocol is looking for co-builders, candidates interested in participating in the IERC Grant program can contact IERC on X for details of the application process. On Monday, January 15, 2024, IERC Protocol CEO Serj participated in a live video AMA hosted by the education and promotion community CRYPTO PANDA on Binance Live. At the AMA, Serj gave a comprehensive introduction to how IERC can achieve effective scalability at low cost and build a fairer inscription trading market.He also introduced the recently launched PoW and DPoS mining. This AMA was Serj's first live appearance and attracted more than 15,000 online viewers. The recording can be viewed on Binance Live. On January 12, 2024, a new Inscription token joined the IERC ecosystem: $ethpi (ETH π). It is a mineable Glyph with a total supply of 21 billion Glyphs and a cap of 1,000 Glyphs per mint. In less than a week of operation, it has already attracted more than 9,000 holders. The mining difficulty has also risen rapidly from the initial m4 to m9+. The maximum mining difficulty for $ethpi is m20. As of writing, 0.19% of the total supply has been mined. According to the IERC CEO, in order to maintain the scarcity of $ethpi, the protocol will launch a governance proposal aimed at adjusting the total supply. Once the predetermined supply cap is reached, IERC reserves the right to destroy all unmined tokens early, effectively ending the mining cycle early. The final decision will be determined by the community through a governance vote at a time to be determined. This is a great opportunity for the community to implement joint project governance and forge the $ethpi development path. Meanwhile, $ethi, the oldest and most popular inscription token on IERC, broke its own record. Recently, the number of active $ethi DPoS miners reached a new all-time high of 2,375 and currently stands at 2,100+. In addition to the 20x multiplier offered by the regular $ethi fixed staking pool, there is also a new Incentives fixed staking pool with a 22x multiplier. It expires on February 12 and contains over $1.5 million worth of locked assets. New inscription tokens have also been launched in IERC Staking’s Flexible Stake Pools: Sparkle Inscription and ierc-m4. Sparkle Inscription’s lock-up provides an impressive 374% annualized return. The current total value locked (TVL) of IERC Protocol is $15 million. IERC is currently developing a staking dashboard that will improve staking transparency for users. January 18, 2024 was a rich day for IERC Protocol to release news updates. First, at block number 19033750, two major upgrades were made on IERC: * The minimum DPoS point consumption required for each mining by all DPoS miners became 1,000. *The PoW difficulty in the reward program is reduced from 10x² to 5x², narrowing the gap between high and low computing power and providing more opportunities for low computing power PoW miners.Additionally, following a blockchain snapshot, new partners of the IERC PATH Protocol airdropped $PATHI to IERC $ETHI inscription holders. The first batch of airdrops accounts for 25% of the total airdrop pool. Subsequently, after the cross-chain function of PATH Protocol is launched, $PATX inscription holders will also receive airdrops. Finally, Enscriptions Pad, the first participant in the IERC Grant Program, conducted public minting. Token distribution has been completed. Participants can trade their $ENSC tokens after logging into the IERC Market. On January 19, 2024, the IERC Ambassador Program was officially launched. IERC Protocol seeks like-minded individuals and organizations who are willing to share resources and talents, cooperate and build together, and leverage each other's strengths. Interested participants can review the requirements and fill out the form to join. Section IERC Protocol is about to usher in its most exciting moments. By using the 21,000 gas limit and unused calldata space, it unleashes the full potential of Ethereum, reintroducing long-forgotten low-cost smart contract transactions. This all happens on the world’s most popular smart contract blockchain, with no additional networking or workarounds required. IERC Protocol proved that effective scalability can be achieved on Ethereum L1. All about IERC20 Official website: www.ierc20.com Twitter: https://twitter.com/EthinscXYZ Telegram group: https://t.me/IERC20OFFICIAL White paper: https://docs.ierc20.com