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Can the ORC20 supported by Binance really surpass the BRC20?

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The ORC20 token aims to surpass the BRC20 token as the mainstream token standard in the DeFi ecosystem. To achieve this, it needs to have advantages such as being more open and compatible, having stronger cross-chain capabilities, gaining widespread industry support, providing better user experience, and demonstrating stronger risk control and compliance. Additionally, the strength of the project team is also a crucial factor. Overall, for ORC20 to surpass BRC20, it needs to make significant breakthroughs and improvements in technology, ecosystem, user experience, and compliance. The key drivers for surpassing BRC20 are increased ecosystem support and a larger user base. However, this also requires a favorable regulatory environment and an improvement in the team's capabilities. Only by excelling in all aspects can ORC20 truly lead as the new mainstream in the DeFi ecosystem.

BRC20 tokens, as the mainstream token standard in the DeFi ecosystem, need to have the following advantages in order to surpass ORC20 tokens:

  1. More openness and compatibility. If ORC20 tokens are more open and compatible in their standard design, supporting a wider range of token types and use cases, this will be an important technological advantage for surpassing BRC20.

  2. Stronger cross-chain capabilities. If ORC20 tokens have superior cross-chain interoperability, seamlessly adapting to different blockchain environments and enabling free circulation, this will greatly enhance their network effects and become a key factor in surpassing BRC20.

  3. Gain broader support. In order for ORC20 to surpass BRC20, it needs to gain widespread support and recognition from the entire industry, especially high-quality DeFi projects and exchange platforms on the Honeycomb Chain. Stronger ecosystem support can be a significant driver for surpassing BRC20.

  4. Better user experience. If ORC20 provides a more user-friendly and seamless experience, especially in integration and interaction with wallets, exchanges, and other DeFi applications, it can deliver a better user experience and attract a wider user base, becoming a winning strategy to surpass BRC20.

  5. Stronger risk management and compliance. If ORC20 demonstrates better risk control and legal compliance, it will reduce regulatory pressure and risks, thereby gaining a broader development space. This is also an important advantage for surpassing BRC20.

In addition, the strength of the project team is also a key factor. If the team behind ORC20 is more excellent and stronger, it will contribute to the progress and breakthroughs of its token standard, ultimately surpassing BRC20.

In conclusion, for ORC20 to surpass BRC20, it needs to make significant breakthroughs and progress in technology, ecosystem, user experience, and compliance. Particularly, improving ecosystem support and expanding the user base will be the key driving forces for surpassing BRC20. However, this also requires a lenient regulatory environment and the enhancement of team strength. ORC20 needs to excel in all aspects in order to truly lead BRC20 and become the new mainstream in the DeFi ecosystem.

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