Thread by @OrdinalDaily

🔥 EXCITING NEWS 🔥

🟠 @okx proposes BRC-30, a new protocol based on BRC-20

🟠 What is BRC-30 and what does it do? 👀

Continue reading below 👇

#BRC30 #BRC20 #Ordinals #OrdinalDaily

1/ What is #BRC30? 👀

#BRC30 is an enhanced version of the #BRC20 protocol specifically designed for the #Bitcoin space. 🔥

#BRC30 builds upon the design principles of #BRC20 and introduces equity operation functions such as deposit, casting, and withdrawal. ⚡️

2/ With #BRC30, users can stake their #BRC20 tokens and #Bitcoin, earning corresponding #BRC30 tokens in return. ✨

👉 This proposal introduces a staking mechanism for #BRC20 tokens, or #Bitcoin, to the #Bitcoin network. 🟠

3/ How does it work?

Project Party:
🔸 Issuing BRC-30 tokens by creating staking pool

Users:
🔸 Stake their BTC/BRC20 tokens to earn other BRC-30 tokens and can claim their mining rewards at any time by minting yield tokens.

4/ In summary, @okx's introduction of #BRC30 brings staking capabilities to #BRC20 tokens and Bitcoins, enabling users to earn passive income, actively participate in the #Bitcoin network, and contribute to a more stable token ecosystem. ⚡️

Details: okx.com/cn/web3/build/…

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