What is Ordi Token?
Ordi token operates on the BRC20 token standard within Bitcoin's blockchain, built upon the Ordinals protocol. Unlike Ethereum's ERC20 tokens which exist on a separate layer, BRC20 leverages Bitcoin's native functionality through Ordinals—allowing data like images, text, or videos to be inscribed directly onto satoshis (the smallest Bitcoin units).
👉 Explore how BRC20 tokens revolutionize Bitcoin's utility
Key Comparisons:
- BRC20: Analogous to ERC20 (though not identical).
- Ordinals Protocol: Functions similarly to Ethereum's base layer but embeds content directly into Bitcoin.
Created by @domodata as an experiment to test Bitcoin's fungibility, Ordi became the first BRC20 token deployed. Its speculative appeal quickly made it a flagship asset for Ordinals adoption.
Ordi Token Listing on Binance
On November 7th, Binance announced Ordi's listing, triggering a 50% price surge. Prior to this, Ordi was already available on exchanges like OKX, Bybit, and KuCoin but saw significant volatility. Binance's move signals confidence in the Ordinals ecosystem, further hinted by its ongoing Web3 wallet tests—likely future support for Ordinals.
How to Buy and Sell Ordi Token
| Token Details | Description |
|---|---|
| Name | Ordi |
| Network | Bitcoin Blockchain |
| Token Standard | BRC20 |
| Contract Address | b61b0172d95e...35i0 |
| Total Supply | 21 million |
| Initial Mint Cost | 0.001–0.003 USDT per token |
Purchase Methods:
- Centralized Exchanges: Binance, OKX, KuCoin.
- Decentralized Markets: Unisat, OKX Web3 Marketplace.
Step-by-Step Guide to Trading Ordi On-Chain
Prerequisites:
- Compatible wallet (e.g., Unisat, Xverse, OKX Web3 Wallet).
- Bitcoin to cover transaction fees.
Process:
- Deposit BTC into your wallet.
- Purchase Ordi via Unisat or OKX Web3.
- Selling requires minting a "Transfer" inscription before listing.
- Monitor fees using mempool.space to avoid delays.
👉 Learn advanced BRC20 trading strategies
Using OKX Exchange for Ordi Tokens
- Set Up OKX Web3 Wallet (tutorial here).
- Navigate to OKX’s Ordinals Market to buy Ordi.
For selling:
- Mint "Transfer" inscriptions in batches (e.g., 1,000 ORDI per transaction).
- List inscriptions on the marketplace.
Community Perspectives and Future Outlook
Opinions on Ordi diverge sharply:
- Critics: Dismiss it as lacking utility.
- Supporters: View it as Bitcoin’s next-gen narrative, akin to DeFi Summer’s impact.
Competing Tokens: SATS
SATS (short for satoshis) rivals Ordi in popularity, boasting the highest BRC20 holder count. Some speculate it could dethrone Ordi as the top BRC20 asset.
FAQs
1. Is Ordi token a good investment?
While volatile, Ordi’s fair-launch model appeals to散户 seeking equitable access—unlike pre-mined tokens dominated by institutions.
2. How does BRC20 differ from ERC20?
BRC20 operates natively on Bitcoin via Ordinals, whereas ERC20 relies on Ethereum’s smart contracts.
3. What’s the gas fee for Ordi transactions?
Fees vary with Bitcoin network congestion. Always check mempool.space for real-time rates.
4. Can I store Ordi in MetaMask?
No. Use BRC20-compatible wallets like Unisat or OKX Web3.
5. Why did Binance list Ordi?
Binance’s endorsement reflects growing institutional interest in Bitcoin’s Ordinals ecosystem.
6. What’s the max supply of Ordi?
Capped at 21 million, mirroring Bitcoin’s scarcity.
Conclusion
Ordi token embodies both the promise and pitfalls of Bitcoin’s evolving utility. Whether it ignites a new crypto paradigm or fades as a speculative bubble hinges on broader adoption. One certainty remains: BRC20 tokens like Ordi and SATS are redefining what’s possible on Bitcoin’s blockchain.