<p>$Ordi is a Bitcoin derivative product based on the BRC20 token standard. The BRC20 is a novel concept built on the Bitcoin Ordinals Protocol, similar to Ethereum&#39;s ERC20 token standard. It allows for the creation and trading of custom tokens on the Bitcoin network, differing from ERC20. The Ordinals Protocol enables &#34;sats&#34; (the smallest unit of Bitcoin) to carry diverse data types like images, text, music, and videos.</p><p></p><p>The BRC20 token is an experiment by &#64;domodata on the Ordinals Protocol, aiming to explore the feasibility of implementing a mechanism similar to Ethereum&#39;s ERC20 tokens on the Bitcoin network. The launch of Ordi as the first BRC20 token marked the beginning of this experiment.</p><p></p><h3 id="strong-ordi-39-s-market-launch-and-reaction-strong"><strong>Ordi&#39;s Market Launch and Reaction</strong></h3><p>On June 15, 2023, Ordi Coin was officially listed on LBank. Prior to this, it was already trading on several exchanges like OKX, Bybit, Kucoin, and Gate. Despite a significant drop in price, Ordi&#39;s value surged by up to 2096% following its LBank listing.</p><p>LBank has also recently set up a dedicated BRC-20 section, indicating strong support for the Ordinals Protocol and its future developments.</p><h3 id="how-to-buy-and-trade-ordi">How to Buy and Trade Ordi</h3><p>Ordi can primarily be traded through the following platforms:</p><p>• Centralized exchanges: Including LBank, Bybit, Kucoin, etc.</p><p>• BRC20 supportive decentralized exchanges: Such as Unisat, OKX Web3 market, etc.</p><p></p><h3 id="future-outlook-and-market-perception-of-ordi">Future Outlook and Market Perception of Ordi</h3><p>Initially an experimental BRC20 token without defined functions, Ordi Coin gradually became a representative product in the Ordinals Protocol ecosystem, fueled by market speculation and the evolution of the Bitcoin ecosystem.</p><p>Community opinions on Ordi are polarized. Tech enthusiasts see it as lacking practical applications, while some investors view it as a promising part of Bitcoin&#39;s new ecosystem.</p><p></p><h3 id="the-rise-of-sats">The Rise of $Sats</h3><p>Another popular BRC20 token is Sats, representing Bitcoin&#39;s satoshi unit. Its large total token quantity and active chain presence have made Sats Coin a hot product among BRC20 tokens.</p><h3 id=""></h3><h3 id="conclusion">Conclusion</h3><p>Despite skepticism and market volatility since its inception, Ordi&#39;s fair minting model has won over retail investors. Whether Ordi becomes a new market force or a fleeting trend, its future performance will be determined by the market.</p><h3 id=""></h3><h3 id=""></h3><p></p>

Understanding Ordi Coin in 3 Minutes: Origin and Evolution

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