It is well-known that the world’s first aggregated cross-chain inscription, BTIA (Bit Tower), exploded in popularity since its MINT launch on July 19, 2024. The latest news is that Inscription Alliance has formed a strategic partnership with CertiK and passed a security audit, with registrations now exceeding 520,000 and nearly 90,000 wallet addresses holding the token. These figures are groundbreaking in the inscription market.
Inscription Alliance, the institution behind this achievement, has attracted the attention and favor of several top exchanges in the cryptocurrency space. The origins of Inscription Alliance can be traced back to 2023. With the advent of the first inscription, ordi, the inscription and rune protocols in the SFT (semi-fungible token) space rapidly gained popularity. However, the market’s order-based trading greatly impacted liquidity and turnover rates.
To address this issue, in June 2023, an American named Taurean, who has extensive experience in the crypto space, led a team of blockchain experts to form the Inscription Alliance Technology Lab. The team includes former BCH developers, Audi inscription members, BNB node members, AVAX experts, and others specializing in DeFi, NFT, SFT, and AIGC (Artificial Intelligence Generated Content). Their goal was to solve the liquidity challenges of inscription trading.
After four months of development, the technical team completed the underlying system and independently developed the DENIM protocol. This protocol, which can be used across multiple blockchains, enables seamless decentralized trading by allowing various protocol tokens to convert into DENIM-20 tokens. DenimSwap, the decentralized exchange based on this protocol, is currently undergoing continuous optimization and upgrades.
At the World Blockchain Consensus Conference in May this year, Taurean announced that DenimSwap, as a decentralized exchange, would no longer rely on any single blockchain but would instead achieve full cross-chain functionality through the DenimBridge, enabling the free interaction of high-quality SFTs across blockchains. This statement garnered significant interest from various technical teams and led to numerous partnerships, including with Casey, the proposer of the ordinals protocol.
Currently, the flagship inscription, the cross-chain aggregated inscription BTIA, has been launched on the DENIM protocol. Nearly 30 countries and regions, along with approximately 150 communities, are promoting it autonomously through DAOs. As of now, there are close to 530,000 registrations and almost 90,000 token-holding addresses, with countless online communities.
Additionally, Inscription Alliance is a comprehensive ecosystem that focuses on various fields such as DEPIN, RWA (Real World Assets), AIGC, and GameFi. The goal is to establish a “crypto credit system” for participating users, thus forming an on-chain database.
From the official Twitter, we learned that once the BTIA MINT reaches 60% completion, users can earn SAT mining rewards by staking BTIA and idle bandwidth. SAT, as the dedicated gas token for the DenimSwap decentralized exchange and the native token of the public chain, is widely used and consumed. According to the international auditing agency CertiK, SAT has been submitted for review, and its testnet has passed the audit.
It is reported that CertiK’s audit has just been completed, and even before the official contract for SAT was released, leading global exchanges such as OKX and BYBIT extended invitations to Inscription Alliance, offering SAT priority listings on their platforms.
The question arises: why is SAT, a new blockchain yet to be officially launched, receiving so much attention from top exchanges? Is it due to its influence or unique technical innovations?
According to Inscription Alliance’s official statement, the technical team is developing a decentralized and incentivized infrastructure network protocol designed to facilitate efficient data transmission of resources on the blockchain and address network traffic costs. As long as users have terminal devices, whether they are mobile phones or computers, they can contribute to the network and access end-to-end network resources from the other side of the world. It is a permanent, distributed network. Nodes and terminals that contribute resources to the network will be rewarded accordingly. Based on this incentivized protocol, the team plans to launch a new open-source and standards-compliant unlimited network protocol, known as DDWP (Denim Depiner Wireless Network Protocol).
The protocol’s application ecosystem, Denim Depiner, is currently available on the Google Play Store and is in the testing phase. The SAT blockchain, based on the DDWP protocol, will adopt the latest PoS (Proof of Stake) consensus mechanism and feature an industry-innovative DDTP (Decentralized Data Transmission Protocol) at the protocol layer. This will encourage more nodes to contribute resources, while the protocol will also select high-quality nodes to participate in the construction of the Web3 industry. The blockchain based on DDWP adopts a unique account function concept, prioritizing security and speed over existing blockchain design logic.
In 2024, the cryptocurrency market is bustling, from Trump’s passionate speeches to various countries’ evolving attitudes toward BTC, and a series of Web3 summits. It appears that a new financial ecosystem is gradually taking shape. Lastly, we hope that Inscription Alliance will quickly exceed 1 million registrations and bring a better experience to all users and participants, providing a more secure and efficient decentralized trading environment for the cryptocurrency market.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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Company Name: Inscription Alliance
Contact Person: Andy Cai
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Country: United States
Website: https://www.inscriptionalliance.com/
