By PressRelease
4 min read
Saint Lucia, Saint Lucia, October 1st, 2024
Incept has officially announced the launch of $INCEPT, an unprecedented digital asset built on the experimental ERC-4D standard. This breakthrough token redefines how assets are stored, traded, and used on-chain by combining three powerful Ethereum standards: ERC-20 (fungible token), ERC-721 (non-fungible token), and ERC-6551 (token account-wallet).
The fusion of these token standards enables $INCEPT holders to unlock multi-layered functionality in a single token, further pushing the boundaries of on-chain innovation. As an experimental dual-root token standard, ERC-4D introduces the concept of dimensional tokens, offering flexibility and liquidity never before seen in blockchain ecosystems.
$INCEPT represents a unique collection of 10,000 “variants”, bound to the first tokens ever created using the ERC-4D standard. These tokens are more than just digital assets; they are the building blocks of a multi-layered and multi-dimensional ecosystem, opening up entirely new possibilities for tokenization and asset management on-chain.
By utilizing the ERC-20 standard for tradability, the ERC-721 standard for ownership of non-fungible assets, and the ERC-6551 standard for its wallet functionalities, $INCEPT seamlessly brings together the best features of each, unlocking a groundbreaking token that serves as a self-contained wallet capable of holding other tokens, NFTs, and more. This liquid token-bound account model enhances the asset’s utility and liquidity.
The ERC-4D token standard at the core of $INCEPT allows it to function as a multi-layered asset. It combines the utility of ERC-20 with the innovative wallet capabilities of ERC-6551, creating a freely tradable token that simultaneously acts as a liquid container capable of holding other assets.
In practice, each $INCEPT token functions both as a standard asset and as a wallet that can store other tokens, NFTs, or data. This enables nested ownership—one INCEPT token can hold another token, creating endless possibilities for recursive ownership models and sophisticated asset management.
At the heart of $INCEPT is the ability to unlock on-chain inception. For the first time, token holders can utilize multi-layered assets within a single token, effectively “liquidifying” everything. This means that any asset held within an $INCEPT token can itself be tokenized, transferred, and traded on-chain, further blurring the lines between asset ownership and liquidity.
Imagine holding not only a token but also other assets or even more INCEPT tokens within the same token. This recursive function of multi-dimensional ownership radically transforms the way assets can be leveraged and utilized on-chain.
One of the most novel aspects of the ERC-4D standard is its introduction of a cyclical ownership model, known as the Grandfather Paradox Mechanism. In this model, the ERC-6551 token account is designed to own the original ERC-20 token that created it. This creates a loop of ownership, which not only adds complexity but also introduces new functionalities and use cases in decentralized finance and governance.
The Grandfather Paradox adds a layer of self-reference to token ownership, giving rise to concepts such as automated self-governance and further pushing the boundaries of what is possible with decentralized token structures.
Incept has also pioneered a deque (double-ended queue) architecture in its ERC-4D design, utilizing the ERC-6551 token account root in combination with the ERC-721 NFT standard. Unlike traditional stack-based structures, the deque allows for both first-in, first-out (FIFO) and last-in, first-out (LIFO) operations, depending on what is required for optimal asset management.
This flexibility ensures that token holders can manage their assets in the way that best suits their needs, whether they are prioritizing rapid liquidity or long-term ownership.
With the ERC-4D standard, Incept is unlocking a whole new world of on-chain liquidity and asset management. $INCEPT holders can now view and manage their token accounts on platforms like OpenSea, gaining access to a wide range of novel use cases.
By integrating ERC-6551 as a wallet function, $INCEPT introduces innovative opportunities for asset tokenization and recursive liquidity, which can include holding tokens, NFTs, assets, and even more ERC-4D tokens within the same token. This functionality enables endless possibilities, from automated governance to automated asset management and beyond.
Over the coming months, Incept will provide further guidance and documentation on how users can leverage their multi-layered asset dimensional container and fully unlock the power of on-chain inception with their $INCEPT tokens.
Incept is a forward-thinking blockchain project aimed at redefining the possibilities of on-chain asset management. With the launch of the ERC-4D standard, Incept is paving the way for a new era of dimensional tokens and multi-layered liquidity. For more information and to view the whitepaper, uses can visit https://incept.build/resources/INCEPT.pdf.
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