Richie | Doges.lens ⌐◨-◨ Profile picture
Researcher | Picks Early Alpha Projects | 🧵 Web3 Narratives, Defi, SocialFi, Marketing | Founder @ProtocolVanilla

May 5, 2023, 25 tweets

Hey, did you miss out on #pepe and #wojak?

Don't worry, I'll tell you about the new trend #BRC20 that has the potential to bring in even more profits, and
Not many people know about it

I'll also let you in on a potential #Airdrop - Token Confirmed 🧵👇

1/

In this topic, we'll get acquainted with wallet platforms through which you can buy, mint, and sell #BRC20

0️⃣ About
1️⃣ @unisat_wallet (token confirmed)
2️⃣ @ordinalswallet (potential airdrop)
3️⃣ Trustless market

2/

0️⃣ Bitcoin Request for Comment" (BRC-20) is an experimental token standard used for the issuance and transfer of interchangeable tokens on the Bitcoin blockchain. 🤨

Literally, it can be translated as "Request for Bitcoin Comment".

3/

BRC-20 was first described in detail in March 2023, and it is based on the Ordinals protocol.

The current market value of all BRC-20 tokens is approximately $120 million.

4/

1️⃣ @unisat_wallet is a wallet and marketplace where you can mint, buy, sell, send, and deploy #BRC20 tokens.

To start using it, you need to download the Chrome extension and create a new wallet

5/

Creating a wallet is a quick process:

• Password
• Seed phrase
• Be sure to select 'Native Segwit'
• Transfer #BTC to the wallet

6/
#Airdrop?

-They airdropped the OG PASS to early adopters - price was $2200.

-Tweets in pic:
“be sure you are the early ones trading on UniSat”

- $USAT was listed BEFORE opening the Marketplace. It's also minted into a single wallet, making it perfect for an airdrop

7/

To start using the marketplace, we need to have 20 points or an OG pass

8/

To earn points , we need the "Inscribe" tab. There are Mint and Deploy modes.

At the time of writing, Deploy was not working due to network overload.

Mint - you need to enter the name XXXX and select the value, repeat 20 times to gain access to the platform.

9/

2️⃣ @ordinalswallet (potential airdrop) is also a wallet-marketplace for #BRC20 and Ordinals NFT.

Interestingly, they have already given a drop of the Ordinals NFT collection to those who made at least one transaction through the wallet.

10/

So, there is a high chance of another drop for those who use their platform for #BRC20

11/

Here, you also need to create a wallet, but you can also connect @unisat_wallet

12/

The marketplace is open immediately, and you can buy, sell, and mint tokens.

13/

In the BRC20 tab, you need to select a token.

Please note that they are usually sold in batches, not as we are used to buying one token at a time.

14/

Use sorting filters for a quality selection.

Since trading is done P2P, it's necessary to check if the quantity corresponds to what's stated.

15/

To do this, click on the image, and you will be taken to the offer page.

Make sure that verification is passed, as shown in the screenshot

16/

By the way, clicking on it will take you to the Brc-20 website.

It's a very good explorer for checking transactions and new coins

17/

Selling is intuitive

Click on your wallet in the top right corner, and you'll be taken to your assets

Choose #BRC20 and put it up for sale

18/

3️⃣ Trustless market is part of the trustless computer ecosystem.

There is suspicion that they have nothing to do with #BRC20

but as claimed, It's the first smart contracts deployed on Bitcoin

19/

They use their SideChain and wrap regular #BTC into WBTC

Then, it's used on DeFi mechanics.

Here's a good guide on how to connect👇

20/

Another wallet is also being prepared, where you can join the waitlist, but there is no information yet.
However, I recommend joining wl

I hope you've found this thread helpful.

Follow me
@twindoges
for more.

Like/Retweet the first tweet below if you can

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling