Compos Protocol
@composprotocol
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Enabling smart contracts for BRC-20 & Runes. Phase 1: BRC-20 + OCF = BRC-20A Phase 2: Runes + OCF = Runes VM
Joined March 2024
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Twitter Announcement:
Due to the higher-than-expected traffic, the indexer is currently lagging behind, which resulted in untimely indexed data.
We anticipate finishing the server configuration upgrade within three hours. The right data might have been presented by then.
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Update:
The indexer has been fixed, but the data is still synchronizing.
For full transparency, we did not account for the overwhelming response from 8000+ users that led our indexer and site to be unstable.
Current Timeline: End of Today
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The $CPOS token used in
#cosmicsurvivors
is based on the BRC-20A standard under Compos.
Next week, we will launch the conversion between BRC-20A and BRC-20.
Thereafter, we are also preparing to enter the next phase:
Runes + OCF; Runes VM.
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JUST IN:
A BTC Inscribe-to-Play game utilizing our protocol will go live this week.
All we know is that holders of:
#Runestone
#AINNRuneStar
@AINNRuneStar
#Ordi
#Sats
#Rats
@Bitrats_org
#Play
Will receive perks when the game launches.
Turn on 🔔
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Reminder:
Protocol goes live next week.
The era of BRC-20 will be changed forever.
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Compos Runes etched.
$CPOS <-> CPOS•RUNES•VIRTUAL•MACHINE
Conversion ETA: 29th April
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If you have any feedback for our protocol, drop them here:
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When the Conversion Tool is out, users will be able to exchange BRC-20A $CPOS for BRC-20 $CPOS and trade it on marketplaces:
OKX
BN Web3
Unisat
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Day 1 - SATOSHI NAKAMOTO hype
Day 2 - RSIC hype
Day 3 - FEHU hype
Day 4 - DOG hype
Day 5 - COMPOS hype
That's the tweet.
Day 1 - SATOSHI NAKAMOTO hype
Day 2 - RSIC hype
Day 3 - FEHU hype
Day 4 - DOG hype
Still waiting on PUPS, LOBO
Who will be the leader ?
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Bitcoin is the world's largest and most secure blockchain.
If you're torn between choosing the BRC-20 or the Runes protocol to issue your tokens on Bitcoin, fret not.
Using the Compos Converter, your tokens can easily become protocol-agnostic.
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Just a reminder:
We've introduced a novel category of logic inscriptions named OCF (OnChain Function).
Potential OCF applications include:
1. Bitcoin Native DeFi: Swap, Lending, etc.
2. Bitcoin Native Games 👀
Don't fade us.
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@AINNRuneStar
@Bitverse_Pro
@RuneBoredApe
@BitmanBW
We are ready to welcome AINN Rune Star holders 🤗
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mehhh... instigating smart contract functions on runes? hope its less retarded 🤡
sometimes people think i'm satoshi, hopefully with the runes launch that rumor can finally be put to rest, since satoshi would never have made something so retarded
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@AINNRuneStar
@Bitrats_org
Compos Protocol enhances protocols like BRC-20, Runes, and Ordinals by combining an asset inscription (e.g., BRC-20) with a logic inscription, unlocking features like native X-to-Earn and more on the Bitcoin blockchain.
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@Clark10x
"Been a long time since I had weird conviction in a coin"
"Dope. Grandma. Coin."
Wait, you meant to say "Compos Protocol", right?
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Imagine fading
@composprotocol
Let us (quietly) cook 🧑🍳
Imagine fading
@udiWertheimer
Imagine fading
@ZK_shark
Imagine fading
@rodarmor
Imagine fading
@TO
Imagine fading
@nonfungible_jan
Imagine fading
@null_ish
Imagine fading
@ChartFuMonkey
Imagine fading
@billyrestey
Imagine fading
@domodata
Imagine fading
@huuep
Imagine
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Step 4. Select the preferred gas fee and continue with the payment
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"WHAT DO YOU GUYS ACTUALLY DO??"
Hey, Normies.
Think Excel: =IF(logical_test, [value_if_true], [value_if_false])
That's it.
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The maximum limit for each conversion is 20000 $CPOS.
Do perform multiple conversions if you are planning to convert more than 20000 $CPOS.
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🗺️ Roadmap
Phase 1: BRC-20 + OCF = BRC-20A
Phase 2: Ordinals NFT + OCF
Phase 3: Runes + OCF
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Step 2: To initiate transfer inscription, click “Inscribe Transfer”
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Regardless, Compos Protocol maintains the compatibility and stability of Bitcoin by offering a two-way conversion mechanism.
Thus ensuring 100% compatibility with existing Bitcoin token protocols like:
• BRC-20
• Runes
• Ordinals
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BRC-20A, the inaugural token standard under the Compos Protocol, introduces advancements to BRC-20 tokens.
By maintaining the stability, security, and compatibility of original BRC-20 infrastructures, BRC-20A offers users and developers enhanced features derived from Ordinals:
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@styleschen001
Thanks for featuring us!
That's right, we are attaching smart contracts to inscriptions and runes through the Compos Protocol.
And with the conversion to
#Runes
in the subsequent days, we're excited to see where this leads to!
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At our core, Compos Protocol vows to achieve native X-To-Earn and many more possibilities on the Bitcoin network via On-Chain-Function (OCF).
Therefore, we're rolling out in phases ⬇️
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Step 5: An unconfirmed inscription will show up on the converter page
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Step 6: Wait for on-chain confirmation, select the confirmed inscriptions, then click “Confirm”
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@HugoMartingale
No.
Let's see what YOU have to say.
Tell her to post "retardio" on her LinkedIn
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Potential OCF applications include:
• Bitcoin Native DeFi: Swap, Lending, etc.
• Bitcoin Native Games
• Bitcoin Native Social Apps
• ERC404-like protocols natively on Bitcoin
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@TO
@Pizza_Ninjas
@mattmedved
@KingBootoshi
@piovincenzo_
@frankdegods
@ChrisCoffeeEth
@OGKen100
wen invitation?
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2⃣ Users
Without requiring on-chain transactions, users can convert BRC-20A tokens to BRC-20 tokens for increased stability and security.
Using the architecture of the ecosystem, they can trade the converted tokens on well-known BRC-20 markets like Unisat, OKX, and Binance.
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Step 7: Sign the transaction and wait for on-chain confirmation
Runes should arrive shortly after on-chain confirmation.
Note: You will receive up to 2500 CPOS•RUNES•VIRTUAL•MACHINE per lot.
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1⃣ Developers
Prior to minting the BRC-20A token that shares the same name, developers are required by the protocol to deploy a BRC-20 token.
In addition to providing functionality for users for conversion, this requirement creates new avenues for experimentation.
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As such, this integration enables the creation of tokens with embedded logic, allowing for conditional fair launches that require user participation (such as playing/socializing).
Hence exemplifying the concept of X-To-Inscribe.
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@CindyCreation
It pays to be early!
We're glad people are starting to recognize the
#BRC20A
use cases 🚀
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@nonfungible_jan
@TaprootWizards
@udiWertheimer
not us... WE ARE STAYING!
(and our runes vm is coming)
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With OCF, logic inscription authoring becomes so much easier.
By adding on-chain logic, OCF can augment all current BRC-20 and Runes assets and facilitate smart contracts on Bitcoin.
OCF is somewhat decentralized—impervious to arbitrary modification by project creators.
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@rutradebtc
Agreed.
Ultimately, it's because of this fear that we are pushing for a launch as well.
As the saying goes, "the early bird catches the worm".
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@kceeonyekachi1
I'd reckon that projects building on our
#BRC20A
token standards will be the earliest 🤔
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@LeonidasNFT
@udiWertheimer
@ZK_shark
@rodarmor
@TO
@nonfungible_jan
@null_ish
@ChartFuMonkey
@billyrestey
@domodata
@huuep
mmm list might stand out a lil more with us in it 💁♂️
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@victalk_eth
Thank you for your insightful analysis of us! Your support means A LOT to us.
We're thrilled to bring innovation to the Bitcoin ecosystem 🫡
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