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What are BRC -20 Tokens ? π€
#BRC20 has already reached $400Mn Market Cap
Could be the next Big trend ?
Letβs find out: ππ§΅
#BRC20 has already reached $400Mn Market Cap
Could be the next Big trend ?
Letβs find out: ππ§΅
What is BRC-20 ?
BRC-20 is an experimental token standard. It uses Ordinal inscriptions of JSON data to deploy , mint & transfer tokens
2/16
BRC-20 is an experimental token standard. It uses Ordinal inscriptions of JSON data to deploy , mint & transfer tokens
2/16
There are 14000+ BRC-20 Tokens created as we speak with a total Market Cap of $440 Mn.
4/16
4/16
Can It grow further ? π€
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!π
5/16
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!π
5/16
On BRC-20 You can -
i) Create Your own Token
ii) Buy / Sell an existing Token
6/16
i) Create Your own Token
ii) Buy / Sell an existing Token
6/16
But first you need to create UniSat Wallet
Linkπ( unisat.io)
1. Click on download & Create walletπ
2. Note down your seed phrase & Create Password
3.Copy Address from your wallet & Deposit $BTC for Gas /Trade
7/16
Linkπ( unisat.io)
1. Click on download & Create walletπ
2. Note down your seed phrase & Create Password
3.Copy Address from your wallet & Deposit $BTC for Gas /Trade
7/16
i) How to Create your own Token ? π
To Create your own #BRC20 Token π
β’ Go to Unisats
β’ Click on Inscribe
β’ Click on #BRC20
8/16
To Create your own #BRC20 Token π
β’ Go to Unisats
β’ Click on Inscribe
β’ Click on #BRC20
8/16
β’ Select Deploy
β’ Enter Tick Name (max 4 unique words )
β’ Enter Total Supply & Limit per Mint
β’ Click on Next ( x2)
β’ Click on Sumbit & Pay
β’ Pay with Unisats Wallet
9/16
β’ Enter Tick Name (max 4 unique words )
β’ Enter Total Supply & Limit per Mint
β’ Click on Next ( x2)
β’ Click on Sumbit & Pay
β’ Pay with Unisats Wallet
9/16
Once your token is created you can search your tick in BRC20 option & Select it to mint if you want!
10/16
10/16
ii) How to Buy/Sell Tokens? (MARKETPLACE) π
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 β‘οΈ"in progress"
11/16
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 β‘οΈ"in progress"
11/16
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+ β οΈ
12/16
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+ β οΈ
12/16
You can also select View only Mode to check prices of different Tokens!
13/16
13/16
TO BUY TOKENS π°-
Select / Search your token Tick . Click on buy & confirm the transaction by Paying Gas fee!
Always #DYOR before buying any token!π¨
14/16
Select / Search your token Tick . Click on buy & confirm the transaction by Paying Gas fee!
Always #DYOR before buying any token!π¨
14/16
That's a wrap! Hope this was helpful!
If you enjoyed this thread, please π
1. Follow me ( @thescalpingpro ) π₯
2. Like & Retweet the first tweet
16/16
If you enjoyed this thread, please π
1. Follow me ( @thescalpingpro ) π₯
2. Like & Retweet the first tweet
16/16
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