Original Author: Zhouzhou

The $INCEPT/WETH trading pair on Uniswap suddenly experienced a strong surge, with the price of $INCEPT tokens fluctuating significantly in a short period of time and the trading volume soaring. This not only reflects renewed market interest in this emerging project, but also draws attention from many investors due to its innovative ERC-40 standard.

Protocol Mechanism of INCEPT

INCEPT is the first token built on the ERC-40 standard, an experimental dual-root token standard that combines the concept of multi-dimensional assets.

INCEPT combines the functionalities of ERC-20 and ERC-6551, serving as both a freely tradable asset and a wallet capable of storing other assets (referred to as liquid token-bound accounts). In other words, each $INCEPT token is not only a token, but can also hold other tokens or assets.

Following its launch this morning, INCEPT has attracted the attention of many community members. The ERC-6551 standard adds smart contract accounts to NFTs, which can hold other assets. The ERC-40 standard extends this functionality to tokens, allowing each token to not only be a token, but also to hold other items. This means that tokens in user accounts are no longer just simple digital assets, but can be used to store different assets as "pocket assets" and even manage a range of resources.

ERC-6551 token accounts will hold the original ERC-20 tokens that created them, forming a cycle of ownership, increasing the complexity and uniqueness of the tokens. The ERC-40 standard uses the root structure of ERC-6551 token accounts, with its included ERC-721 NFT components operating as a "double-ended queue" (Deque). This means that assets can be operated on a "first in, first out" (FIFO) or "last in, first out" (LIFO) basis as needed.

The emergence of INCEPT illustrates that innovation knows no bounds. Although its "multi-dimensional tokens" are still in their infancy, the direction it explores is worth paying attention to. For players who like to try new things, the possibilities behind this new mechanism are more attractive than short-term price fluctuations.

Existing Tokens & Interactive Experience

$INCEPT: The $INCEPT token was launched at 2:00 AM on June 26th and reached a peak increase of approximately 20 times by noon. Despite some price retracement, it still maintains high popularity, with a 24-hour trading volume of 13.9 million and nearly 7000 transactions. Market trading remains active.

Currently, INCEPT has not updated other interactive experiences, and BlockBeats will continue to follow the project's progress.

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