Original | Odaily Planet Daily (@OdailyChina)

Author | Nan Zhi (@Assassin_Malvo)

Yesterday, the largest KRC20 inscription on the Kas chain, KDAO, began minting. The level of FOMO started to rise rapidly around noon. This inscription has a total of 15 million pieces, but it was minted within a day, causing network fees to increase by more than ten times during the FOMO period.

According to the author's observation, apart from a few inscriptions and runes on the Bitcoin mainnet, most users perceive the inscription ecosystem across various chains as "dead." However, in reality, several inscriptions with a market cap of over ten million dollars were born on Kas in September, and KDAO's market cap also surpassed ten million dollars last night. Odaily aims to introduce the current market status and tools for KRC20 inscriptions in this article to help readers quickly understand this market.

Market Status

The leading KRC20 token is NACHO (Black Cat), currently with a market cap of 67.2 million dollars and a total of 10 million pieces. The official account is @NachoWyborski.

Its native concept is based on Kas co-founder Shai's pet cat, Nacho. In fact, this token was deployed and ready for minting as early as June 30, but due to issues with the Kas network, it was paused for several months and reopened on September 15, with an initial market cap of about 2 million dollars, peaking at over 80 million dollars.

Another leading token is KASPER, currently with a market cap of 39 million dollars and a total of 1 million pieces. The official account is @KasperCoin. This inscription launched concurrently with NACHO (on the evening of September 15). Due to its total supply being much smaller than NACHO, it has already been listed on exchanges such as XT.com and CoinEx.

In addition to the two leading tokens mentioned above, there are currently several inscriptions with a market cap exceeding 10 million dollars, among which KDAO was deployed and began minting at 4 AM yesterday. During the minting period, the trading prices in the market consistently exceeded the minting cost, leading to a surge of "arbitrageurs" who immediately sold their minted pieces in the market for profit.

By noon, KDAO's popularity rose rapidly, and the low-speed fees on the Kas network increased to over 2, with the price difference continuing to decrease, followed by a steady rise in price along with the minting cost.

By 10 PM, the minting of the inscription was completed, and the price continued to rise, with the current single piece quoted at 0.788 dollars, corresponding to a total market cap of 11.82 million dollars.

KRC20 Tool Overview

KAS Withdrawal

Currently, exchanges supporting KAS spot trading include Bybit, Bitget, Gate, etc. However, due to multiple exchanges having suspended KAS withdrawals for KDAO, it is recommended that users prioritize withdrawals from Bybit, with a single withdrawal fee of 5 KAS (approximately 0.65 dollars).

KRC20 Market

The author recommends using Kas.fyi to check prices and minting progress, as this tool can cover the vast majority of data needs.

KRC20 Minting and Market

Currently, the most common tool for KRC20 inscription minting is only the KSPR Bot, with no similar competitors available. On the main interface, users can see 10 options corresponding to 10 independent addresses (i.e., each Telegram account can create 10 wallets for parallel minting).

After entering the Bot, creating a wallet, and completing the transfer, users can start the minting process by using the /mint command, sequentially entering the "inscription name," "quantity (how many)," and "network fee," after which the Bot will automatically execute until the quantity reaches the preset limit or the user manually stops it.

The network fee can be matched through three levels: Low, Medium, High, or directly input as a number. It is important to note that the Kas network can mint even with a Gas usage of 1 KAS, but the minting speed will be lower than normal Gas.

Additionally, KSPR's model is a one-time payment, settled after the task is completed, and the Bot cannot recognize whether the inscription has reached its limit, requiring users to manually stop the minting, settle, and retrieve the remaining Kas.

In terms of trading, the most mainstream trading market is also within KSPR, where users can enter through the /marketplace command and click on the corresponding order to purchase. If they need to sell, they can enter the order menu through the /mylistings command to create and manage orders.

Who is Driving the Market and Who is Buying

Currently, KRC20 is still not very popular in the Chinese community. It remains unclear who is maintaining the high market cap and trading volume. Some users believe this may be a "KAS miner conspiracy," but perhaps this is not important. Observing the trends of leading tokens and the market's profit-making effects, participating in a timely manner before profits disappear is what matters most.

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