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A Simple Explanation of What the X402 Protocol Is
#ๅ
ๅฎนๆ็ฟๅ็บง #X402 #Ping
I looked around for the introduction to X402 in Simplified Chinese, and the teachers have all written very detailed information.
But for someone like me who is more of a humanities person, the technical part is still a bit difficult.
Seeing HTTP/API for the first time is really a bit confusing.
I'm sorry, I'm technically illiterate.
I want to write a post about X402, including what this protocol is for, why it's so cool, what the risks and difficulties are, and the corresponding investment targets.
1โฃWhat is X402?
X402 is an open protocol launched by the @base team.
The original intention of developing the protocol was because they found that
โHTTP allows information to be transmitted freely, but money is still trapped in the old system.โ
I looked around for the introduction to X402 in Simplified Chinese, and the teachers have all written very detailed information.
But for someone like me who is more of a humanities person, the technical part is still a bit difficult.
Seeing HTTP/API for the first time is really a bit confusing.
I'm sorry, I'm technically illiterate.
I want to write a post about X402, including what this protocol is for, why it's so cool, what the risks and difficulties are, and the corresponding investment targets.
1โฃWhat is X402?
X402 is an open protocol launched by the @base team.
The original intention of developing the protocol was because they found that
โHTTP allows information to be transmitted freely, but money is still trapped in the old system.โ
#giggleไธ็ฐ่ดง Binance is good, actually I bought it very early, but I didn't hold on in the end. I also didn't buy enough. When the information was released at that time, I contacted the muscle reaction to chase some contracts immediately. Although giggle made tens of thousands of dollars. But there are several issues, the first is that I didn't buy early enough or didn't buy enough. Then, the purchase was affected by a wave of wash trading and dropped to 8m. Then I broke even, does this count as a problem? After that, I basically sold everything on Alpha. Because at that time, most people said that going to spot was Binance life. Today's sudden rise is most likely due to #ping , a competition for traffic, I feel that both OK and Binance will take action in the future! Next time, hotspots should all be bought.
B
GIGGLEUSDT
Perp
Closed
PNL
+32.60USDT
The X402 protocol of the Base chain has recently attracted a lot of attention, and the first Meme coin #ping spawned by it has also quickly become popular, which once again confirms the strong influence of Meme coins in promoting emerging concepts. Similarly, $adog also plays an important role in promoting the Aster ecosystem.
Decentralized exchanges are undoubtedly the trend of the futureโusers do not need cumbersome registration and identity verification, nor do they have to worry about assets being misappropriated or frozen. Although the cultivation of user habits is not achieved overnight, it can be seen that Binance and CZ are actively directing traffic to the Aster ecosystem. In addition, the Four platform has also launched trading pairs with $Aster as the liquidity pool, encouraging users to use $Aster to issue their own Meme coins. As the first Meme coin deployed and launched on the Aster liquidity pool, $adog is undoubtedly the most noteworthy and investable leading project.
0x87241b1b7fd82cf4f4842f195909ca69aa6e4444
Decentralized exchanges are undoubtedly the trend of the futureโusers do not need cumbersome registration and identity verification, nor do they have to worry about assets being misappropriated or frozen. Although the cultivation of user habits is not achieved overnight, it can be seen that Binance and CZ are actively directing traffic to the Aster ecosystem. In addition, the Four platform has also launched trading pairs with $Aster as the liquidity pool, encouraging users to use $Aster to issue their own Meme coins. As the first Meme coin deployed and launched on the Aster liquidity pool, $adog is undoubtedly the most noteworthy and investable leading project.
0x87241b1b7fd82cf4f4842f195909ca69aa6e4444
#PING No one talks about it yet? Itโs another interesting meme coin which can make you consider with over 100% gains and 29x leading boost.
Smart traders just bought it with 58.97K PING in 2hโฆ..
#bullishsign
Smart traders just bought it with 58.97K PING in 2hโฆ..
#bullishsign
The market finally has some new tricks - the x402 protocol has become popular ๐ฅ
This is a payment protocol developed by Coinbase, specifically designed for AI Agents, APIs, and web application services. It allows websites or agents to initiate payment requests directly and settle instantly, similar to the browser mechanism of 'paying first and accessing later'. It gained some attention when Google officially announced the partnership in September, but quickly cooled down due to the immature gameplay.
This time, the renewed interest relies entirely on #Ping bringing the inscription gameplay to x402, through a fair launch model of 'transfer 1U โ issue tokens', turning the protocol into a practical payment system, with real transactions energizing the entire ecosystem.
Now projects like $SANTA, $PAYAI, $GLORIA, $DREAMS, and $KITE are all making moves, each having actual products or funding backgrounds, especially $SANTA (in collaboration with Questflow) and $KITE (led by PayPal with a $33 million investment) are worth paying close attention to. Who will be the next $PING? This wave might just be an early reenactment of inscriptions.
On a macro level, the resumption of U.S.-China soybean purchases, CZ being pardoned, and a surge in Binance-related coins have brought the market back to life. Funds are still abundant; it just needs a new story.
This new story might be called - #x402 .
#้ๅญ่ฎก็ฎๆฆๅฟต่กๅคงๆถจ
This is a payment protocol developed by Coinbase, specifically designed for AI Agents, APIs, and web application services. It allows websites or agents to initiate payment requests directly and settle instantly, similar to the browser mechanism of 'paying first and accessing later'. It gained some attention when Google officially announced the partnership in September, but quickly cooled down due to the immature gameplay.
This time, the renewed interest relies entirely on #Ping bringing the inscription gameplay to x402, through a fair launch model of 'transfer 1U โ issue tokens', turning the protocol into a practical payment system, with real transactions energizing the entire ecosystem.
Now projects like $SANTA, $PAYAI, $GLORIA, $DREAMS, and $KITE are all making moves, each having actual products or funding backgrounds, especially $SANTA (in collaboration with Questflow) and $KITE (led by PayPal with a $33 million investment) are worth paying close attention to. Who will be the next $PING? This wave might just be an early reenactment of inscriptions.
On a macro level, the resumption of U.S.-China soybean purchases, CZ being pardoned, and a surge in Binance-related coins have brought the market back to life. Funds are still abundant; it just needs a new story.
This new story might be called - #x402 .
#้ๅญ่ฎก็ฎๆฆๅฟต่กๅคงๆถจ
Recently, the meme that was optimistic for buying has really fallen badly, and not a single one is profitable.
#palu cost price 20m
#ping cost price 35m
#xdog cost price 29m
#giggle cost price 130m
At that time, I bought xdog220, and the okb I bought has already been buried halfway, can I still walk to the other side?
#palu cost price 20m
#ping cost price 35m
#xdog cost price 29m
#giggle cost price 130m
At that time, I bought xdog220, and the okb I bought has already been buried halfway, can I still walk to the other side?
Which Altcoin do you think is going to make #100x ?
$FPETS ๐ฆฎ
$DUKO ๐
$FLOKI ๐ถ
#DROVER ๐๐ฐ
#PING ๐ท
$ATM ๐ฅ๐ฐ
$IMG ๐๐ฅ
$MAGA ๐งข
$LYNK ๐
$PAIN ๐ฅฒ
$PONKE ๐บ๐ธ
$FWOG ๐
$IMF ๐
$HOOD ๐
$Baby ๐ธ
$LIBRA ๐ฐ
$SNEK ๐ฅ
$BRRR ๐ฅ
$PI ๐
$VINE ๐
$TRUMP ๐ฅ๐
$FWOG ๐
#SPX6900 ๐ฅ
#DISTRIBUTE
$michi ๐ฆ
#GROK ๐ค
What did I missโ๏ธ๐
Follow Like Share
$FPETS ๐ฆฎ
$DUKO ๐
$FLOKI ๐ถ
#DROVER ๐๐ฐ
#PING ๐ท
$ATM ๐ฅ๐ฐ
$IMG ๐๐ฅ
$MAGA ๐งข
$LYNK ๐
$PAIN ๐ฅฒ
$PONKE ๐บ๐ธ
$FWOG ๐
$IMF ๐
$HOOD ๐
$Baby ๐ธ
$LIBRA ๐ฐ
$SNEK ๐ฅ
$BRRR ๐ฅ
$PI ๐
$VINE ๐
$TRUMP ๐ฅ๐
$FWOG ๐
#SPX6900 ๐ฅ
#DISTRIBUTE
$michi ๐ฆ
#GROK ๐ค
What did I missโ๏ธ๐
Follow Like Share
I don't understand the relationship between the x402 protocol and Ping. How did it become a meme?
What is ping? The ping official website directly informs users of a specific blockchain address, and users pay USDC to the specified address. This transaction is just a regular transfer on the Base chain. However, x402scan (an indexer created by ping) scans these transactions and records and distributes tokens to your account in an off-chain database according to the rule "1 USDC = 5,000 PING." The centralized indexer that gives this transfer the meaning of "minting $PING" scans on-chain transactions and keeps accounts for users in the off-chain database according to its own rules.
Isn't this indexer something even elementary school students can do?
What is the relationship between this and the x402 protocol? Where does AI and payment come into play? Is there any similarity in the entire minting process with the x402 protocol?
This x402scan indexer is defined by ping itself and has nothing to do with the x402 protocol, just borrowed the name.
An indexer is not an official component of the x402 protocol! So how did ping become a meme of the protocol? Just because the names are similar?
Also, donโt compare Ping with inscriptions; inscriptions have uniqueness, what does your ping have?
The KOLs who keep promoting ping are either too stupid to understand completely or too bad to have taken many chips.
There is no denying that. After all, the consensus of idiots is still a consensus. #x402 #ping
What is ping? The ping official website directly informs users of a specific blockchain address, and users pay USDC to the specified address. This transaction is just a regular transfer on the Base chain. However, x402scan (an indexer created by ping) scans these transactions and records and distributes tokens to your account in an off-chain database according to the rule "1 USDC = 5,000 PING." The centralized indexer that gives this transfer the meaning of "minting $PING" scans on-chain transactions and keeps accounts for users in the off-chain database according to its own rules.
Isn't this indexer something even elementary school students can do?
What is the relationship between this and the x402 protocol? Where does AI and payment come into play? Is there any similarity in the entire minting process with the x402 protocol?
This x402scan indexer is defined by ping itself and has nothing to do with the x402 protocol, just borrowed the name.
An indexer is not an official component of the x402 protocol! So how did ping become a meme of the protocol? Just because the names are similar?
Also, donโt compare Ping with inscriptions; inscriptions have uniqueness, what does your ping have?
The KOLs who keep promoting ping are either too stupid to understand completely or too bad to have taken many chips.
There is no denying that. After all, the consensus of idiots is still a consensus. #x402 #ping
Teacher Xu is calling out #Ping , should we follow?
After all, it's their first time calling, how about giving them some face and buying 100U๐ ๐ ๐
After all, it's their first time calling, how about giving them some face and buying 100U๐ ๐ ๐
#DogecoinReserve
#MtGoxTransfers
#All offer ๐ซด ๐ซด ๐ซด to loot looo..๐๐๐
#Binance โฏโฏ #Dogecoin #MEXC #BookOfHaribo #Drover #Dog #Mygarage #Ping
$DOGE
$SHIB
#MtGoxTransfers
#All offer ๐ซด ๐ซด ๐ซด to loot looo..๐๐๐
#Binance โฏโฏ #Dogecoin #MEXC #BookOfHaribo #Drover #Dog #Mygarage #Ping
$DOGE
$SHIB
#Ping has already fallen 67% from its peak, and I personally feel that it has almost reached its bottom.
PING is the first token issued on the Base chain based on the x402 protocol, but as an early explorer of the ecosystem, it is more like a Memecoin; while PayAI is more regarded as the infrastructure of the x402 protocol.
Currently, #Ping has a market cap of around $30 million, and it is not listed on Huobi, Binance, OKX, or even Coinbase, with 18,000 holding addresses displayed;
PayAI currently has a market cap of $47 million and has also been forced onto some second and third-tier exchanges, with over 9,000 holding addresses.
Previously, the most awkward situation was the lack of interaction between different exchanges. Now, however, that is a different story, especially since $BNB is also on Coinbase. Will Binance list a project on the Base chain next?
PING is the first token issued on the Base chain based on the x402 protocol, but as an early explorer of the ecosystem, it is more like a Memecoin; while PayAI is more regarded as the infrastructure of the x402 protocol.
Currently, #Ping has a market cap of around $30 million, and it is not listed on Huobi, Binance, OKX, or even Coinbase, with 18,000 holding addresses displayed;
PayAI currently has a market cap of $47 million and has also been forced onto some second and third-tier exchanges, with over 9,000 holding addresses.
Previously, the most awkward situation was the lack of interaction between different exchanges. Now, however, that is a different story, especially since $BNB is also on Coinbase. Will Binance list a project on the Base chain next?
2025.10.25 #Base On-chain Hotspots #memecoin๐๐๐
$PING
Narrative: The first memecoin of the x402 protocol, testing the connectivity and response speed of AI payments in the name of 'Ping'. $70M #Ping
CA: 0xd85c31854c2B0Fb40aaA9E2Fc4Da23C21f829d46
If you want to know more, check the personal profile
#Binance Fee Discount: Home - Wallet - Invite Friends - Enter Invitation Code: U5EXFVIW
$PING
Narrative: The first memecoin of the x402 protocol, testing the connectivity and response speed of AI payments in the name of 'Ping'. $70M #Ping
CA: 0xd85c31854c2B0Fb40aaA9E2Fc4Da23C21f829d46
If you want to know more, check the personal profile
#Binance Fee Discount: Home - Wallet - Invite Friends - Enter Invitation Code: U5EXFVIW
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