1. What is BRC20?

BRC, the abbreviation of English Bitcoin Request for Comment, means "Bitcoin Request for Comment Agreement" in Chinese.

BRC-20 is a homogeneous token standard based on the Bitcoin network. The standard is created through the Ordinal protocol and allows users to deploy token contracts, issue and transfer fungible tokens on the Bitcoin network. Although BRC-20 is an experimental standard, it opens a new world for users to issue tokens on the Bitcoin network.

BRC20 can be transferred and traded using the Bitcoin network, but has nothing to do with the value of Bitcoin itself. It can be stored and traded in wallets and exchanges that support the Bitcoin network.

BRC-20 defines the basic elements of a token contract, such as token name, symbol, total supply, and number of decimal points. BRC-20 is obviously aimed at Ethereum's ERC-20. ERC-20 is a set of standard token issuance protocols based on the Ethereum network. It enables developers to create their own projects efficiently, reliably and at low cost. Token.

BRC-20 also has this great vision, and the blueprint has already begun.

2. The difference between BRC20 and REC20

BRC-20 is a very good name. When you hear it, you can't help but think of the ERC-20 protocol that is currently very popular on Ethereum.

The ERC-20 protocol is a homogeneous token standard based on the ETH ecosystem. In other words, they have a property that makes each token identical (in type and value) to another token. For example, an ERC-20 token is like Ethereum, meaning that one token will always be the same as other tokens.

BRC-20 tokens are significantly different from ERC-20 tokens in several ways, the most obvious of which is that they are built on different blockchains: Bitcoin and Ethereum.

In addition, they are also fundamentally different in the following aspects:

For now, since BRC-20 itself is an information feature engraved on Bitcoin, BRC-20 itself does not have the ability to interact with smart contracts. In contrast, compared to ERC-20 tokens, BRC-20 tokens cannot be assigned decimal points, do not support destruction and locking, and do not have functions such as approval or authorization.

However, these shortcomings can also be seen as certain advantages of the BRC-20 token. Since it cannot interact with smart contracts, the issuance of BRC-20 tokens will not be controlled by project parties or venture capital parties, making everyone truly an equal participant in the ecosystem.

In addition, the core of the BRC-20 token is Sats, the smallest unit of Bitcoin, so the natural value of the BRC-20 token is directly demonstrated. Even though some BRC-20 projects may not be narratively adequate, the description "BTC" itself is enough to ensure that BRC-20 tokens will not face the same challenges as ERC-20 tokens and more ERC-20 sidechain tokens. The risk of zeroing out.

Overall, BRC-20 has the following advantages:

BRC-20 tokens are more valuable and have almost no risk of zeroing;

The BRC-20 token distribution method is more fair and all participants are on the same starting line;

The potential market for BRC-20 tokens is huge, a new narrative has begun, and the BTC consensus is also the strongest consensus in the market;

Compared with the current ETH ecological DeFi gameplay of "new wine in old bottles", the BTC ecosystem and the BRC-20 standard are brand new concepts in the industry, and are prone to market sentiment and the influx of funds.

3. Why has BRC20 become a prairie fire?

RC-20 became popular due to several factors:

First of all, the reason for the explosion of the BRC-20 token standard may be attributed to several core factors. First and foremost are technological innovation and functionality. BRC-20 is built on blockchain technology and has the powerful functions of smart contracts to enable a wider range of financial and non-financial scenarios, such as asset management, cross-border payments and digital identity verification.

This technological innovation and versatility has aroused strong interest from multiple projects and investors, thus promoting the popularity of BRC-20.

Secondly, ecosystem development also plays a key role. The explosion of BRC-20 may be closely related to the rapid construction and expansion of its surrounding ecosystem. As more and more projects and applications choose to adopt BRC-20 as their token standard, more users and investors are attracted to the ecosystem, forming a virtuous cycle.

In addition, interoperability and cooperation with other blockchain ecosystems also provide opportunities for BRC-20.

In short, the reason for the popularity of BRC-20 stems from technological innovation, functionality and the development of the ecosystem.

4. Why deploy FRAM, the leading BRC20 token?

According to brc-20.io data, as of October 29, 2023, there are more than 60,000 tokens deployed on BRC-20, with a total market value of US$400 million.

Among these tokens, FRAM occupies the first place, with its market capitalization reaching 955 BTC, equivalent to half of the total market capitalization.

In addition, the ordi token is the first native token of the Bitcoin BRC-20 ecosystem, with a total supply of 21,000 coins. It has symbolic historical significance and is somewhat similar to Punk in the NFT field.

However, Ordi’s creator Domo emphasized that the $ordi token is only an experimental token and has no practical use. In contrast, FRAM, which ranks first, has a promising future and unlimited potential.

1. FRAM positions are transparent

Open the Ouyi Trading WEB3 wallet, click on the Ordinals market, click on FRAM, click on data analysis, the total amount of coins issued is 8 billion, and there are 8 billion people in the world. In the future, everyone will have one, and the situation will be huge! It is stored in an average of 7 wallets, because there are seven continents in the world, and each holding address accounts for 14.29%. Among them, 6 lock positions are open and transparent, and can be supervised at any time. There are no rat positions.

2. Local recommendation mode, high consensus

As we all know, there are two promotion models in the blockchain industry, the first is called local promotion, and the second is called online promotion. In the 14-year history of blockchain development, BTC, ETH, FIL, EOS, BNB, TRX and other valuable large currencies have all become bigger and stronger through the local push model.

3. Appropriate market value

A total of 8 billion pieces of FRAM have been minted. The current primary market price is about 0.025U, and the total market value is 200 million U per month.

4. Proper distribution

40% as rewards for private equity and short positions, 15% for the foundation, 10% for liquidity market value management, 10% for future ecosystem development, 10% for strategic promotion policies, and 10% for the future of An, Ouyi, and Huobi. 5% of the staking rewards from major exchanges are reserved for global influencers and marketing agencies.

5. Proper promotion cycle

Between April and May 2024, Bitcoin will experience its fourth production cut. According to historical rules, the second year of production reduction, that is, 2025, is the peak of the Bitcoin bull market.

We currently have about two years to lay out and promote. If the number of FRAM currency holding addresses reaches 200,000, and 3,000 Bitcoins are privately raised (962 Bitcoins have been privately raised so far), then we will have the opportunity to list FRAM on top transactions on well-known exchanges such as Mouan and Ouyi. Place.

By the peak of the next bull market, FRAM, which has become the leading BRC20 token, may become a token with a market value of 100 billion.

5. How to obtain FRAM?

(1) Register on OK Exchange, authenticate your real name, and create a WEB3 wallet;

Register on OKX encrypted digital currency exchange and take you to the starry sea of ​​blockchain

(2) Enter the FRAM community to purchase online or offline

1. Enter the FRAM community and purchase directly face-to-face;

2. Enter the FRAM community WeChat or QQ group and purchase online;

3. When you buy in the community, you can get a certain percentage of your purchase as a reward.

Let us preach for BRC20 together!

Everyone, please use your little hands to make a fortune and pay attention~

Thank you all for your support, see you next time!