{
  "p": "ons",
  "op": "post",
  "title": "$VMPX Launch - BRC-20 Protocol Effect on Bitcoin Blockchain",
  "url": "https://twitter.com/mrJackLevin/status/1657882102296109060",
  "author": "@mrJackLevin",
  "body": "Very good review by \n@udiWertheimer\n on what happened to Bitcoin blockchain last weekend.  We have wanted to launch $XEN-like for a long term and have extensively talked about it from the moment \n@rodarmor\n launched Ordinal Theory (http://ordinals.com), which gave rise to Satoshi bitcoin inscriptions on-chain.\n\nIt was only a matter of time, we speculated, the ERC-20 like protocol would give rise to fungibility of the inscribed digital artifacts.  \n\nFirst week of March, $ORDI one of the first BRC-20 inscriptions was deployed, quickly gaining over $300M in the market cap.   It was fully minted out for only about $30,000 USD in fees in just few days, giving 10,000x gains to the early adopters in just 45 days!\n\nFast forward to $VMPX.   A BRC-20 token from XEN team took 6 hours to mint out, raised Bitcoin fees to over $20 per transaction (regular days are $0.50).  The demand broke http://Mempool.space explorer.  Binance had to pause withdrawals to curb panic that Bitcoin Blockchain is under attack.   About $7,000,000 were spent on fees causing miners to earn more in fees than in $BTC subsidies first time ever.  \n\n$VMPX is currently is trading at $25M Market cap a week since launch, boasting no whales and a fair mint.\nYou can get your hands on it at https://unisat.io\n\nWhat is really amazing - we saw a large number of EVM users establish Bitcoin wallets, purchase $BTC to participate in the mint.   I am looking forward to some interesting conversation we are going to have at Bitcoin Miami...  We are still early in Crypto (including Bitcoin).  \n\nSats may have been created equal, but they don't have stay that way...\n\n#RIBBIT"
}