$1000SATS SATS is a BRC-20 token on the Bitcoin network, representing the smallest unit of Bitcoin – **1 satoshi** (1 SATS = 0.00000001 BTC). It was created to enhance the utility and transaction capability of satoshi within the Bitcoin ecosystem.
- **Purpose**:
- Allows users to own/trade satoshi in the form of a token.
- Supports DeFi and NFT applications on Bitcoin through the **Ordinals** and **BRC-20** protocols.
**Key Features**
- **Linked to Bitcoin**: SATS is dependent on the price of BTC and the development of the Bitcoin Layer 2 ecosystem.
- **BRC-20 Protocol**: The token is minted and traded directly on Bitcoin through the Ordinals protocol, without the need for a smart contract.
- **Liquidity**: Listed on centralized exchanges (CEX) like **Binance**, **Bybit**, and decentralized exchanges (DEX) like **Unisat**.
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**Recent Updates**
- **Integration into Bitcoin wallets**: Many wallets like **Unisat Wallet**, **Xverse** support storing and trading SATS.
- **Expanded use-case**:
- Used as gas fees for DeFi protocols on Bitcoin (e.g., **Liquidium** – lending platform).
- Featured in BRC-20 NFT projects such as **Bitcoin Puppets**, **NodeMonkes**.
- **Increased accessibility**: Binance added SATS to Earn, allowing staking to earn interest.
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**Advantages**
- **Simplifies trading satoshi**: Allows users to buy and sell satoshi as easily as regular tokens.
- **Potential from the Bitcoin ecosystem**: Advantages as Bitcoin develops Layer 2 (Stacks, Lightning Network).
- **Scarcity**: Fixed total supply, no additional SATS $1000SATS can be created.
