Sats Ordinals is a BRC-20 standard Token operating on the Bitcoin Blockchain, providing a unique identifier for each Satoshi – the smallest unit of Bitcoin.
The project applies the Ordinals protocol to track, allocate, and transfer Satoshis, expanding Bitcoin's usability potential in the digital asset ecosystem.
MAIN CONTENT
Sats Ordinals is a prominent BRC-20 Token that allows tracking each Satoshi on the Bitcoin Blockchain.
SATS Token serves as gas fees for the UniSat product and is 100% distributed to the community.
The number of Sats Ordinals users continues to grow despite the price drop from the peak.
What is Sats Ordinals and what does it mean in the Bitcoin ecosystem?
Sats Ordinals is a Token developed on the BRC-20 standard of the Bitcoin Blockchain, with each Satoshi having its own identifier through the Ordinals protocol, enhancing the value and utility of BTC.
Sats Ordinals uses Standard BRC-20 to identify every Satoshi, facilitating the development of new financial products for the Bitcoin ecosystem.
UniSat Team, Project Announcement 06.2024
Sats Ordinals marks a step forward in the individualization of each Satoshi – the smallest unit of Bitcoin (equivalent to 0.00000001 BTC) that began gaining popularity in late 2023. Instead of just being a small divisible unit, Satoshi now possesses a unique ID thanks to inscription technology, opening a new era for non-fungible NFT Token applications, digital assets, and financial products running on the Bitcoin Blockchain.
How does Sats Ordinals work and what differentiates it from standard Bitcoin transactions?
Sats Ordinals performs all inscription activities (data writing) directly on the Bitcoin Blockchain in JSON format, including creating, transferring, and managing SATS Tokens as a new logic layer separate from standard BTC transactions.
BRC-20 Tokens like SATS promote decentralized applications on Bitcoin while simultaneously creating pressure on transaction fees and debates about the future of this blockchain.
Larry Cermak, CEO The Block, 2024 Market Report
The entire process of Sats Ordinals occurs in three steps: deploying the contract (SATS Token data is recorded in JSON storing protocol information, symbol, supply limit...), the minting process (creating new Tokens sent to the wallet), and transferring Tokens internally using new inscriptions dedicated to each transfer. Although these are all transactions on Bitcoin, this data does not interfere with standard BTC but serves as a logical identifier for DApps, DeFi products, or tools related to SATS.
Where does the standout feature of Sats Ordinals lie?
Sats Ordinals clearly demonstrates an advantage in the ability to mint and record each Token on the Bitcoin Blockchain, serving as gas fees for UniSat Swap, while also being well-compatible with projects in the Ordinals movement and BRC-20.
BRC-20 allows minting, converting, and interacting with Tokens directly on the Bitcoin Blockchain.
SATS information is recorded in JSON on the blockchain, ensuring transparency and international standard validation.
SATS currently serves as gas fees (0.3%) for the UniSat BRC20 - Swap, optimizing for liquidity providers (LP) and end users.
Overview of SATS Token: Basic information
The SATS Token is entirely distributed to the community, with a fixed total supply of 2,100,000,000,000,000 SATS stored on the Ordinals BRC-20 Blockchain and has been fully unlocked from the start.
Detailed Information Token Name SATS (Ordinals) Symbol SATS Blockchain Ordinals – BRC-20 Total Supply 2,100,000,000,000,000 SATS Allocation 100% to the community Unlock Status Fully unlocked 100% Utility Gas fee for UniSat BRC20 – Swap
What is the SATS Token used for?
SATS Token is primarily used as gas fees on UniSat Swap, where 0.3% of transaction fees are allocated (0.05% to UniSat, 0.25% shared with liquidity providers).
This fee structure incentivizes both service providers and liquidity investors, enhancing liquidity and reducing risks for traders.
Where to store and trade Sats Ordinals?
Investors can trade Sats Ordinals Tokens on major exchanges such as Binance, MEXC, OKX, and securely store them in Ordinals wallets or Bitget Wallet specialized for the BRC-20 standard.
Many users choose cold wallets that support inscription to enhance security for digital assets like NFTs or Tokens such as SATS.
Who is the project team of Sats Ordinals?
Sats Ordinals is implemented by a group of anonymous developers, aiming to democratize and make Bitcoin more accessible and user-friendly for the general public.
The anonymity of the team remains a common feature in emerging blockchain technology projects, yet the community still has high expectations for the practical development potential of Sats Ordinals due to its transparent technology foundation.
What is the current status of investors and partners of Sats Ordinals?
There is currently no official information about major investors or partners announced for Sats Ordinals. The project mainly develops based on the community.
What are similar projects to Sats Ordinals in the market?
ORDI is the most prominent project similar to the BRC-20 Token model like Sats Ordinals and utilizes inscription capabilities on the Bitcoin Blockchain.
What noteworthy points should be considered when evaluating Sats Ordinals?
Despite price fluctuations after the peak, the number of SATS Holders continues to increase weekly, reflecting strong community appeal and undeniable long-term growth potential.
The SATS Holder count continues to rise steadily, proving the community's long-term trust in the BRC-20 model on Bitcoin.
Data: Coingecko, July 2, 2024
Frequently asked questions about Sats Ordinals
Where can Sats Ordinals be traded?
Sats Ordinals is currently listed on several reputable centralized exchanges such as Binance, MEXC, OKX, BingX, and BitVenus, allowing easy buying and selling with large trading volumes.
Is Sats Ordinals worth investing in?
The project stands out with a solid foundation, practical application, and a strong community. Investors can consider investing at a reasonable rate based on a professional risk management strategy.
What is the current market capitalization of Sats Ordinals?
The market capitalization of Sats Ordinals reached 381 million USD as of July 2, 2024, according to data from Coingecko, establishing its position as one of the leading BRC-20 Tokens.
What is the allocation characteristic of SATS?
100% of SATS Tokens are allocated to the community, providing equal ownership opportunities for all investors and users.
Where can Sats Ordinals be stored most safely?
You should store in a specialized wallet that supports inscription like Bitget Wallet or reputable Ordinals wallets to enhance security for your digital assets.
Source: https://tintucbitcoin.com/sats-ordinals-la-gi/
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