What is the purpose of migrating Web3 social product ComingChat to BEVM?

On January 21, the official tweet of Comingchat, the largest Web3 social product in SUI ecosystem, announced that it has been deployed on BTC L2-BEVM, claiming that Comingchat will become a bridge between SUI and BTC L2. BTC introduces the SUI ecosystem through BEVM and ComingChat.

For a time, Sam Blackshear, the father of Move and CTO of SUI, and Adeniyi, co-founder of SUI, retweeted and liked it, instantly triggering intense heated discussions in the SUI and BEVM communities. discuss.

(The picture above is retweeted by Sam Blackshea, the father of MOVE language and CTO of SUI Network)

（SUI Network Co-Founder—Adeniyi retweeted and mentioned:?@ SuiNetwork<> # BTC)

What is the origin of ComingChat? Why choose to deploy to BEVM? And it also received praise and support from the founding members of SUI Network?

It is reported that ComingChat is the largest Web3 social product in the SUI ecosystem, with more than 1,000 cumulative downloads from App Store, Gogoole Pay and the official website Ten thousand, with users mainly in North America, the Middle East, Northern Europe, Central Asia and other regions, it is currently the Web3 social product with the largest number of users. Users can perform encrypted chat, chat transfer, one-click Swap and other functions on ComingChat. At the same time, ComingChat integrates many types of DeFi protocol.

When ComingChat was deployed to BEVM, the official announcement announced that the goal was to introduce BTC into the SUI ecosystem through BVEM. How to introduce BTC into SUI What about ecology?

We found the answer on the official website of bevm.io, which is the picture below, which describes BEVM except that In addition to BTC L2, its second major vision is to bring BTC to any VM chain. The original text of the official website is as follows:

BEVM is planning to construct a Decentralized Bitcoin FX Protocol, a decentralized Bitcoin"foreign exchange system', introducing Bitcoin - the digital gold into any chain and ecosystem, enhancing the monetary credit of these public chains.

The main idea is that BEVM builds A decentralized BTC "foreign exchange" protocol, referred to as the DBFX protocol, can be used to introduce BTC into any high-performance public chain like SUI Network without trust. Ultimately, BTC is the L1 of the only currency layer, and BEVM is used as the L1. The L2 of the financial layer, any chain becomes the application layer L3 of BTC.

The significance of this is that BTC can be used on any chain without trust. circulation, and also brings "digital gold" as "foreign exchange reserves" to other chains, thereby increasing the currency credit of each chain's mainnet token. As the largest Web3 social product, ComingChat will surely play a major role in this.

In addition, we also noticed another new move of Comingchat!

On January 24, Comingchat created IP Share on the social inscription protocol Donut, and the amount was 1 BTC, instantly becoming the number one IP on Donut. Share.

Donut is a social inscription protocol deployed on BEVM. It innovatively combines inscription casting and FriendTech modes with Fomo3D gameplay. It is a A new asset issuance protocol that is very friendly to project parties, KOLs, and ordinary users.

Any project party can use official push to publish inscriptions on Donut, and KOLs can create their own IP Share on Donut (similar to Friendtech's key is a social currency of personal influence), and users can go to Mint inscriptions through the KOL's minting link.

Among them, Gas is paid to the miners to cast the inscription, and at the same time, an additional fee is paid (the inscription publisher can customize the fee size and allocation Proportion), the fee is divided into three parts. The largest part automatically buys the IP Share of the KOL, the second part automatically buys the IP Share of the Inscription project party, and about 3% of the third part enters a Fomo3D prize pool to reward each The last 6 casters of the round.

Because the price curve of IP Share determines that when more people buy, the price of IP Share will be higher, and the newly minted IP Share will Allocate to stakers, so both project parties, KOLs and users can make profits by purchasing and staking IP Share.

Since Donut combines IP Share with inscription casting, IP Share is no longer as simple as Friendtech, nor is IP Share It will be unsustainable due to the exhaustion of KOL's influence. On Donut, KOL can continue to provide funds for its own IP Share by constantly discovering excellent inscription projects and then spreading them through personal influence. As a result, Donut will turn Inscription into Minting and personal influence currencies become an infinite game.

For more gameplay, please refer to "Donut: Social Inscription Deployed on BEVM + Friendtech's Innovative Inscription Protocol".

Currently, we see that Comingchat has deployed IP Share on Donut, and it is unknown when Inscription will be released. Its IP Share has risen from 70% when it was created to 92 US dollars, and its Fomo3D pool has risen to 0.0316 BTC within 24 hours, and with the continuous influx of users, the prize pool continues to increase. As of the publication of this article, the first round of Comingchat The prize pool has been drawn. The first place address will share 50% of the prize pool and receive 0.0123 BTC. The remaining 50% will be divided among the other 5 people in proportion.

Personally speculated that if Comingchat publishes the inscription on Donut, Since a fixed 3% of funds automatically enter the FOMO3D pool, Comintchat's prize pool is likely to exceed 1 BTC. This prize pool is distributed to the last 6 participating users. The distribution ratio is: 50%, 25%, 12.5%, 6.25%, 3.25 %, 3%.