BRC-721K
An Non-custodial inscription staking experiment
Introduction
BRC-721K is an open token standard for Bitcoin ordinals, created by BITCOIN KNIGHT, this protocol offers a suite of functions for token deployment, staking, unstaking, reward redemption, and transfer operations, enriching the interaction between BRC-20 and BTC NFT. We have introduced a captivating concept: substituting the concept of time with the quantity of inscriptions, thereby elegantly resolving the challenge of precise staking duration calculation on the BRC-20 protocol. This approach evokes a sense of vintage charm and intellectual allure, as an augmentation in the quantity of inscriptions during the staking period will amplify your earnings. However, BRC-721K is an experimental project and there is no guarantee that the tokens created with this standard will have any value or utility.
Standing on the shoulders of giants:
The brc-20 model is too simplistic, resembling a fair minting platform.
The orc-20 has made more stable updates based on brc-20, with increased command diversity for greater playability. However, it is inefficient in terms of actual operation and involves cumbersome handling of inscriptions.
Improvements in brc-721k:
Unnecessary activities such as staking and token deployment have been merged, as well as claiming and depositing, effectively reducing inscription waste and the frequency of user gas fee usage.
Users can passively earn rewards without having to move their assets out of their wallets through non-custodial staking.
Staking rewards are no longer calculated based on Earth time but on the number of inscriptions inscribed before reward liquidation, representing the number of reward days.
New whitelist distribution feature added
Whitelist EventNote: brc-721K is an experimental protocol envisioned on an experimental basis. If you choose to use it, please read every word of this document carefully. The protocol is bound to have areas that need improvement, so feel free to contact @CKN_ACEE if you have better ideas. Oh, and don't forget to exercise caution and be aware of the risks involved.
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