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"The creator of the ORC-CASH protocol is Sonic, who intends to create a token system on the UTXO network similar to a cash system. The protocol's first token, OSH, rose to a high of $100 after its inception. Apart from the initial off-chain trading volume, there was a trading volume of 10 bitcoins on the Magiceden platform.
Since its creation, the ORC-CASH protocol has seen active development and operation by its developers. They have systematically worked on tasks ranging from indexing to market listing. The community has maintained a reasonable level of engagement, primarily discussing development-related topics. Occasionally, on-chain proposals are made for the community to propose and vote on. Recently, the creator, Sonic, also attended the Singapore 2049 conference and interacted with developers from the Ordinals ecosystem." |
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