Thread by @thescalpingpro

What are BRC -20 Tokens ? 🤔

#BRC20 has already reached $400Mn Market Cap

Could be the next Big trend ?

Let’s find out: 👇🧵

What is BRC-20 ?

BRC-20 is an experimental token standard. It uses Ordinal inscriptions of JSON data to deploy , mint & transfer tokens

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The first token deployed on #BRC20 was " $ORDI " currently sitting at a $26M Market cap.

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There are 14000+ BRC-20 Tokens created as we speak with a total Market Cap of $440 Mn.

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Can It grow further ? 🤔

The Marketcap of $PEPE alone is over $1B the entire MC of BRC-20 (all tokens combined) is just 40% of $PEPE .

So its still in an early Stage!👀

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On BRC-20 You can -

i) Create Your own Token
ii) Buy / Sell an existing Token

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But first you need to create UniSat Wallet

Link🔗( unisat.io)

1. Click on download & Create wallet👇
2. Note down your seed phrase & Create Password
3.Copy Address from your wallet & Deposit $BTC for Gas /Trade

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i) How to Create your own Token ? 👀

To Create your own #BRC20 Token 👇
• Go to Unisats
• Click on Inscribe
• Click on #BRC20

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• Select Deploy
• Enter Tick Name (max 4 unique words )
• Enter Total Supply & Limit per Mint
• Click on Next ( x2)
• Click on Sumbit & Pay
• Pay with Unisats Wallet

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Once your token is created you can search your tick in BRC20 option & Select it to mint if you want!

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ii) How to Buy/Sell Tokens? (MARKETPLACE) 🔁

You can BUY/SELL BRC20 Tokens on the marketplace.

To access the marketplace you need 20 Unisats Points

1 UNISATS Point = 1 Transaction

Mint tokens to complete 20 transactions from ➡️"in progress"

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You can Mint Token For free by only paying the gas fees, NO RUGs or (Buy/ Sell Tax like ERC-20 )

However most of the tokens are still worthless shitcoins so you have to be careful!

ALSO GAS is HIGH currently 20 transcation can cost you upto $150 - $200+ ⚠️

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You can also select View only Mode to check prices of different Tokens!

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TO BUY TOKENS 💰-

Select / Search your token Tick . Click on buy & confirm the transaction by Paying Gas fee!

Always #DYOR before buying any token!🚨

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You can also Check what's trending on 👇

🔗Link : brc-20.io

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That's a wrap! Hope this was helpful!

If you enjoyed this thread, please 👇

1. Follow me ( @thescalpingpro ) 🔥

2. Like & Retweet the first tweet

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