Nothing: From N42 to First Memecoin

In this blog post, we'll explore the journey of test tokens and memecoins on Stacks, starting with Nothing42 (N42) and leading to the first memecoin, Nothing. We'll also discuss wrappers, their relation to memecoins, and the importance of chain history.

Test Tokens: N42 and Micro-Nothing

The first test token is Nothing42 (N42), not actual "Nothing". I consider N42 the rarest token on STX. It's the true first, and I distributed most of the supply to OGs and friends in the space; still have 3, and I offer one to anyone who can design a 42 1/1.

A botched test memecoin called "micro-nothing" was the second fungible token on STX, also credited to my address.

The First Memecoin: Nothing

The first memecoin on Stacks is Nothing. Here's my case for everyone to judge:

• The Nothing Token was deployed at block 5235, one month after Stacks launched.

• It's the third fungible token ever on Stacks; the first two were also deployed by me (proof query below).

A 100T supply token had significant activity for a small number of addresses back in 2021:

• 9,980 transactions in total (block 1 to block 43,500)

• 5,144 transactions in 2022 (block 43,500 to block 90,000)

• 4,834 transactions in 2023 (block 90,000 to block 135,000)

Wrappers and Memecoins

Some may argue that a wrapper isn't the oldest memecoin, claiming that $NOT can't be the first because it's based on wrapped tokens like Wrapped Bitcoin (wBTC), Wrapped STX, and Wrapped ETH. However, I propose a counterargument: give up your wrapped tokens and take the old $MNO. Why? Because any wrapper can be easily unwrapped back to its original token, which is essential for any wrapper.

The Birth of Nothing and Stacks History

Nothing was created before SIP-010, just one month after Stacks 2.0 launched. At that time, there were only a few developers and early adopters who were part of the community when it was called Blockstack. All you could do back then was register names and store data on Gaia. Part of that experimentation involved creating fun memecoins like Nothing.

Nothing is unique to Stacks and reflects its native spirit. It doesn't copy any other project on any other chain. Instead, it tracks the history of the Stacks network and community, marking the first interaction between a Stacks token and Bitcoin through the Catamaran swap. It also documents the evolution of SIP-010. By giving away Nothing for free, it demonstrates that creating memecoins on Stacks is easy.

Conclusion: Chain History Matters

Nothing is part of both Stacks' history and Bitcoin's history. So far, we haven't seen any other memecoin on Bitcoin before Nothing.

The claim I make is based on a shared belief that chain history is paramount.

For data nerds

Don't trust me; verify yourself if you have a running node or know someone who can help.

This should give you the number of transfers for all the legacy Nothing wrappers and the original unwrapped Nothing token

SELECT COUNT(DISTINCT(tx_id)) from ft_events
WHERE asset_identifier = 'SP32AEEF6WW5Y0NMJ1S8SBSZDAY8R5J32NBZFPKKZ.micro-nthng::micro-nothing'
OR asset_identifier = 'SP32AEEF6WW5Y0NMJ1S8SBSZDAY8R5J32NBZFPKKZ.wrapped-nothing-v5::wrapped-nthng'
OR asset_identifier = 'SP32AEEF6WW5Y0NMJ1S8SBSZDAY8R5J32NBZFPKKZ.wrapped-nothing-v6::wrapped-nthng'
OR asset_identifier = 'SP32AEEF6WW5Y0NMJ1S8SBSZDAY8R5J32NBZFPKKZ.wrapped-nothing-v8::wrapped-nthng'
-- change the offsets here
AND block_height < 43500;

The first three tokens ever deployed on stacks were deployed by my address (KKZ) proof

SELECT asset_identifier,block_height from ft_events order by block_height limit 100;