AVAX Inscription Market is about to open
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#Avalanche#aval
After to the indexer presenting the contract proposal, the temporary suspension of the zero address restriction will allow for transfers to be conducted without limitations. This means that funds and assets can be seamlessly completed with a single transfer, resulting in cost savings by eliminating handling fees.
Subsequent light nodes can be efficiently indexed without any complications. After careful consideration, a line of code from the original index can be removed.
It is important to note that the indexer and the market are distinct entities. The market requires additional information, but this will not impact the index itself.
For instance, a seller can create a pending order in the following manner. data:,{
"p":"asc-20",
"op":"transfer",
"tick":"aval",
"vin":[{"txid":"0x000","vout":"0"}],
"vout":[{"amt":"2","scriptPubKey":{"addr":"0x000"}}],
"sell_value": "0.1"
}
For the buyer, he can buy like this
data:,{
"p":"asc-20",
"op": "buy",
"tx_hash": "", //order hash
"gasprice": "",
"tick": "aval"
}
If no comments are received, we will identify an appropriate time to make modifications to the white paper within a period of three days.
In general, the white paper will remain unchanged unless there is a need to add an inscription contract. This model ensures backward compatibility.
https://t.co/ak3KypP1lv
#AVAX #AVAL
An all-zero address can achieve faster indexing, but it also brings a problem. If it does not cooperate with the authorization agreement, then things become complicated.
We are considering a balance between the indexer and the market. The transfer of seller funds and inscriptions should maintain a balance. That is, the transaction itself when the seller receives the funds itself can also be accompanied by an inscription.
This way the transaction only needs to be initiated once
@demirelo AVAL is the first inscription on the EVM chain to implement the UTXO model, and it is also an inscription with a very strong community consensus on the AVAX chain.
future
1 $AVAL=10 $AVAX=6 $ORDI
You can
https://t.co/0XDFkBmHxI balance
#AVAL#ORDI#AVAX
In Avalanche's case, these "proof-of-burned-AVAX" inscriptions burned over $3M worth of $AVAX and served a relatively fair distribution model where, in two cases, the largest holder had less than 1.3% of the total supply.
This token distribution model is worth exploring, potentially in a subnet setting where inscription minters stress test the subnet and get rewarded an airdrop.
Alternatively, a subnet can set aside a portion of its token supply and distribute that fairly amongst the inscription event participants.