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Ordinal Labs Profile picture
@OrdinalLabs
Jun 13 โ€ข 10 tweets โ€ข 4 min read Twitter logo Read on Twitter
1/ Just discovered New Bitcoin DEX by @NewBitcoinCity today:

๐ŸŸงThe First AMM DEX on Bitcoin
๐ŸŸงBRC-20 tokens can now be integrated with smart contracts
๐ŸŸง $OXBT & $MXRC are now tradable on New Bitcoin DEX

Check: newbitcoindex.com

Is this an Uniswap moment for Bitcoin? ๐Ÿงต
2/ New Bitcoin DEX is a part of @NewBitcoinCity ecosystem

It's an ambitious Layer 1 protocol where anyone can create SMART CONTRACTS & build dApps on Bitcoin

This enable governance & utilities for BRC-20 tokens, making them Smart BRC-20 or #SBRC20 Image
3/ Diving deeper, the New Bitcoin DEX is part of the wider @NewBitcoinCity ecosystem. A new horizon for the Bitcoin blockchain, enabling anyone to create smart contracts and build decentralized applications (dApps). ๐Ÿ’ผ๐Ÿ› ๏ธ Image
4/ This means BRC-20 tokens now have utilities for governance - making them Smart BRC-20 or #SBRC20. An important development for decentralized finance (DeFi) on Bitcoin. ๐Ÿ“ˆ๐Ÿงฎ
5/ The functionality of New Bitcoin DEX is expansive:

โœ… You can swap Smart BRC-20 tokens without needing an intermediary.

โœ… You can create a liquidity pool and add liquidity to it.

โœ… You can issue your own Smart BRC-20 token on a decentralized launchpad.
6/ The groundbreaking $GM token pioneered the Smart BRC-20 standard on New Bitcoin DEX, raising an astounding $5M during its launch! Discover the immense potential of this cutting-edge platform, showcasing innovation and financial growth. ๐Ÿ’ต๐Ÿ’ฐ
7/ The inclusive nature of New Bitcoin DEX extends beyond newcomers. Esteemed projects like $OXBT by @RedactedBTCNFT and $MXRC by @metabrc have successfully integrated into the platform, highlighting the platform's wide-ranging capabilities๐Ÿ‘๐Ÿผ
8/ Step out of the observer role and become a proactive participant on New Bitcoin DEX! Unleash your vision by issuing your own Smart BRC-20 tokens and leverage the comprehensive support offered by the decentralized launchpad. ๐Ÿš€ Image
9/ Embodying the essence of democratic decision-making, New Bitcoin DEX adopts a DAO voting approach to select supported projects. Its great to witness the power of community governance as the people determine the projects deserving of a place on the launchpad. ๐Ÿ—ณ๏ธ
10/ A monumental milestone in Bitcoin's evolution is marked by the first DAO-voted Smart BRC-20 token listing on New Bitcoin DEX's launchpadโ€”congratulations to @Paincoin_wtf This significant event emphasizes the expanding horizons of Bitcoin's potential! ๐Ÿš€

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More from @OrdinalLabs

Ordinal Labs Profile picture
Jun 20
๐Ÿšจ WTF is Bitmap Theory?

1/7 ๐Ÿงต๐Ÿ” Bitmap Theory aims to unlock a new realm in the world of #Bitcoin and the #Metaverse. It's an open-source standard that could turn Bitcoin Blocks into Metaverse components. Sounds complex? Let's demystify it. ๐Ÿ‘‡ Image
2/7 โค๏ธ At the heart of Bitmap Theory is the concept of ownership. It suggests you can 'own' a Bitcoin Block by inscribing it onto a Satoshi. This process is decentralized, meaning anyone, anywhere, can participate. ๐ŸŒ๐Ÿ’ป
3/7 ๐ŸŒ Once a block is inscribed, it steps into the Metaverse. The theory suggests platforms could translate this block data into 3D, providing the block owners with the rights to build in these virtual spaces. ๐Ÿ—๏ธ๐Ÿ•น๏ธ
Read 8 tweets
Ordinal Labs Profile picture
Jun 19
๐Ÿšจ 1/7 How to find and inscribe .Bitmap addresses (The easy way!) ๐Ÿงต

A new tool has just been released to find available .Bitmap addresses; lets dive in; โžก๏ธ

#Ordinals Image
2/7 Most of the lower-range addresses are already claimed. However, a new tool is available that enables you to generate Bitmaps, either as Random or Consecutive Digits. This was a tedious manual process! Image
3/7 You can strategize your approach: Random, Consecutive, and Substring. This decision influences how your plots will be arranged in relation to one another. Then, you determine the number of Bitmaps to generate. Image
Read 7 tweets
Ordinal Labs Profile picture
Jun 8
1/ ๐Ÿงต BRC721 vs GBRC721

We have started to see some backlash against BRC721, this is because not all data is stored onchain (see below)

There are a number of other alternatives, with GBRC721 leading the charge as its 100% on-chain.
2/ ๐Ÿ“Š A noteworthy feature of GBRC721, an extension of the BRC721 standard, is its increased efficiency in block space usage. Unique "deploy" operation stores traits of a collection only once on-chain, which subsequent "mint" operations refer back to. ๐Ÿ“‰โ›“๏ธ
3/ ๐Ÿ”„ This greater efficiency implies a potential cost reduction for creators and a more effective utilization of the #Bitcoin network's resources, aligning with the core principles of blockchain. ๐ŸŒ๐Ÿ”’
Read 12 tweets
Ordinal Labs Profile picture
Jun 6
๐Ÿšจ BRC-20 Tokens ๐Ÿงต

Still getting lots of messages about how to mint or buy BRC20's, these threads are going back a few weeks now but most of the info is still valid.

My advice, is to start by Inscripting something if you haven't before, to get some hands on experience: ๐Ÿ–๐Ÿค๏ธ
BRC-20 Resources -

One of the resources that wasn't out at the time of writing this is; bestinslot.xyz/ordinals/brc20โ€ฆ its now my go to site to quickly check the market (and is accurate).
Minting a BRC-20 Token -
Read 6 tweets
Ordinal Labs Profile picture
Jun 4
๐Ÿงต $OHMS a deeper dive! #BRC20

1/ ๐Ÿ•ต๏ธโ€โ™€๏ธ Let's take a deep dive into OHMS, a revolutionary BRC-20 project built on the Bitcoin! ๐ŸŒ๐Ÿš€ #OHMS #BRC20 #Crypto Image
2/ ๐Ÿ’ก OHMS serves as the hub for discussions about the latest trends in crypto, powered by state-of-the-art AI technology. It's your gateway to understanding the crypto space better! ๐Ÿง ๐ŸŒ
3/ ๐Ÿ’ฐ By joining the $OHMS community, you gain access to a wealth of resources that can help you make informed decisions and stay ahead of the curve in the fast-paced world of crypto. ๐Ÿ’ผ๐Ÿ’ก
Read 14 tweets
Ordinal Labs Profile picture
Jun 3
1/15 ๐Ÿš€๐Ÿ’ก Introducing the Generative BRC-721 standard for the #Bitcoin ordinals ecosystem! From here on, let's refer to it as GBRC-721. This proposal optimizes block space usage, making room for more creators and fuelling #blockchain innovation. ๐Ÿ‘ฉโ€๐Ÿš€๐Ÿ”—๐Ÿ’ป Image
2/15 ๐Ÿ› ๏ธ The magic of GBRC-721 lies in a "deploy" operation, which creates a Generative collection. Unique traits are stored on-chain, setting the stage for Non-Fungible Ordinals! ๐Ÿงฉ๐Ÿ’ซ #Ordinals #BTC
3/15 ๐ŸŽฒ Using a "mint" operation, we then generate the Non-Fungible Ordinals. These reference the traits from the deploy operation - a process that cuts GBRC-721 block space usage by 50-90%! โœ‚๏ธ๐Ÿš€ #Ordinals #BRC20
Read 16 tweets

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