BRC-20 token standard is a fungible token standard designed for the Bitcoin blockchain, created using the Ordinals protocol. Put simply, it utilizes Ordinal inscriptions of JSON data to deploy token contracts, mint tokens, and transfer tokens. After only 3 months of launch, the BRC-20 ecosystem has more than 14,000 tokens created with a total capitalization of over $538 million.
About how to trade BRC-20 tokens, there are now 2 most popular ways: trading directly on the BRC-20 network and trading on CEX.
1, Trading on the BRC-20 network
Step 1: Visit LINK to Set up a Unisat wallet.
Step 2: Buy Bitcoin on exchanges and deposit them into your wallet to pay transaction fees. Each transaction costs about $5-10 so you need to buy $10-20 in BTC and then deposit into your wallet to experience.
Step 3: Mint BRC-20 tokens
To do this, go to https://brc-20.io/ and choose tokens you want to trade. There are many different BRC-20 tokens that it’s hard to say which one to buy so you should research and consider carefully before investing. After choosing tokens, click “Mint Tokens” and confirm the transaction in your wallet.
Step 4: Visit https://unisat.io/market to trade BRC-20 tokens
To make transactions, you need to have at least 20 UniSat Points that can be earned by minting in Step 3. Then, you can trade tokens with SATS (Satoshi) stablecoin (1 BTC = 100,000,000 SATS).
2, Trading on CEX
Many centralized exchanges (CEX) listed BRC-20 tokens. For example, Huobi Global listed $ORDI after the Huobi Prime vote was completed on May 1. Gate.Io also announced the listing of $ORDI on May 8. If you want to trade BRC-20 tokens, you can check their information on https://brc-20.io/. It will show details which exchanges allow you to buy/sell this token.
