ORDI Coin is the first meme coin created based on the BRC-20 standard on the Bitcoin blockchain. This coin was created to expand the Ordinal’s ecosystem and promote the use of NFTs on Bitcoin.
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What is ORDI?
ORDI is a token following the BRC-20 standard. This is considered the first meme coin created based on this standard on the Bitcoin blockchain. This coin is considered the Bitcoin of NFTs thanks to the Ordinals protocol that allows NFT data to be written to Bitcoin.
According to research, ORDI was developed and released as a test in March 2023 by an anonymous developer named Domo. Accordingly, the goal he created ORDI is to expand the Ordinal’s ecosystem and promote the use of NFTs on Bitcoin.
What are Bitcoin Ordinals?
From the beginning we talked a lot about Bitcoin Ordinals but what exactly is it? If you don’t know, it is a protocol that allows users to create and store NFTs on the Bitcoin blockchain. Accordingly, this protocol will record information on each smallest unit of Bitcoin, called satoshi.
In other words, the Ordinals protocol will allow us to create individual satoshis by attaching additional data to them, which can be text, images, etc. From there, creating a Separate NFT, this process can be called Inscription.
The interesting thing about NFTs created from the Ordinals protocol is that they can be bought, sold, converted, and operated on the Bitcoin network without the need for a Layer 2 solution.
What’s special about ORDI?
Some special points about ORDI that we can mention are:
- Marketplace: ORDI’s non-custodial NFT marketplace allows users to participate, buy, sell, or exchange their tokens with other users.
- Tokenization: ORDI enables the tokenization of assets and their transfer into the Bitcoin network, allowing users to gain access to an additional layer of value without leaving the ecosystem.
- Security: ORDI data is recorded directly into the Bitcoin blockchain, ensuring the immutability and security of information.
- Including NFTs and non-NFTs: ORDI not only supports NFTs but also allows data to be attached to satoshi to create unique non-NFT versions.
- Collectibles: With ORDI users can collect unique satoshi units and create their own works of art, messages, or images.
Besides, if you have time, we would like to suggest you check out other interesting content such as FLOW Coin, GALA Coin, Fetch.ai,…
Overview of ORDI
Specifications
- Token Name: Ordals
- Ticker: ORDI
- Token Standard: BRC-20
- Smart Contract: b61b0172d95e266c18aea0c624db987e971a5d6d4ebc2aaed85da4642d635735i0
- Blockchain: Ordinals
- Circulating Supply: 21.000.000 ORDI
- Total Supply: 21.000.000 ORDI
Allocation rate
Currently, all ORDI is circulating in the crypto market, with no specific individual holding the majority of this token.
ORDI Use Case
Currently, ORDI can only be used for the following tasks:
- Buy, sell, and exchange at exchanges.
- Invest and earn profits.
Where can ORDI be traded?
Investors who are interested in ORDI and want to exchange and trade tokens can go to CEX exchanges, where ORDI is mainly listed.
Information about the best crypto exchanges that we can recommend to you right now are Binance, OKX, Bitget, KuCoin,…
Which wallet should ORDI be stored in?
Investors who want to store the ORDI they own most safely and securely should use the Ordinals Wallet, specifically designed to store and manage Ordinals Bitcoin NFTs.
Besides, you can also try other e-wallets that support the BRC-20 standard with some typical names such as Unisat, Xverse,…
Conclusion
After all, together we have learned the most general and easy-to-understand information about ORDI and the value it possesses. If you have any other questions, don’t hesitate to contact AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
