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Patterns are pieces of metadata attached to transaction outputs on the blockchain.

Binance Pattern Market is a place to trade and mint Pattern tokens.

This guide will introduce the Binance Inscriptions Market and show you how to get started using it.

introduction

The Binance Pattern Market is a place where users can create their own pattern and trade over 60,000 pattern tokens, including BRC-20 tokens, Ethereum Virtual Machine (EVM) tokens, and more.

Now, let's see what Patterns are, what Binance Patterns Market is, and how to use it to trade Patterns tokens.

What are inscriptions?

In cryptocurrency, tokens are pieces of information added or “engraved” onto a satoshi, the smallest unit of Bitcoin. It became popular after the use cases for the Bitcoin blockchain were expanded through the Bitcoin Arrangement Protocol. Essentially, tokens can represent different types of information on the blockchain, including text, videos, images, and more.

BRC-20 codes are examples of engravings. Essentially, BRC-20 is an experimental token standard that allows users to transfer fungible tokens via the Ordinals protocol on the Bitcoin blockchain. Each token generated using the BRC-20 standard is an inscription on Satoshi.

What is Binance Pattern Market?

The Binance Inscriptions Market is a platform within the Binance Web3 wallet. It provides an interface for trading different tokens, including BRC-20 and EVM tokens. The Binance Inscriptions Market provides users with a single environment to interact with all their coins, simplifying the handling of assets.

Users can also mint, publish and transfer their engravings with just a few clicks using the Embossing Center. This and other Binance Pattern Market features allow users to seamlessly manage and interact with their pattern tokens.

How does the Binance Pattern Market work?

Essentially, the Binance Inscriptions Market is a trading platform for inscriptions within the Binance app. Users can transfer inscription tokens between the Binance Web3 wallet and the Binance Inscriptions Marketplace to create trading orders. The Binance Inscriptions Market uses several frameworks to improve the trading experience.

The platform implements a Bitcoin transaction acceleration program. It is a service that speeds up the confirmation of transactions, especially during periods of network congestion or when the user sets his fees too low. Thus, the mechanism can reduce trading delays and process high-priority transactions faster.

Binance Marketplace is also integrated with UniSat. The platform leverages the UniSat API to enhance liquidity and provide a wide range of registration tokens for trading. As of March 2024, Binance Marketplace supports the buying, selling, and registration of more than 60,000 BRC-20 tokens.

How to start using the Binance Inscriptions Market

Let's review the Binance Inscriptions marketplace interface. Next, we'll take a look at how engravings are minted and then follow up with an example of how to purchase an engraving token.

How to access the Binance Inscriptions Market

1. Log in to your Binance account and search for [More] → [Web3 Wallet].

2. Next, locate the [Inscriptions Marketplace] banner in your Binance Web3 wallet and click on it.

4. You will be redirected to the Binance Inscriptions Market.

5. You will be shown a list of pattern symbols available for trading. You can use the search bar to find specific pattern codes.

6. You can access the guide on how to manage patterns using the button in the upper right corner.

7. You can also view your order history using the other button located in the upper right corner.

8. The Inscription Center is where you can mint, publish, and transfer inscriptions.

How to mint engravings

1. The first step is to open the Inscriptions Center from the main Binance Inscriptions Marketplace interface.

2. Then select the network and enter the 4-letter currency symbol you want to mint. Specify the amount of currency and the number of repetitions.

3. Check the entered data again and press [Confirm] to print a pattern.

How to buy engravings

1. Start by choosing the pattern icon. In this example, we'll be working with piin.

2. Next, choose the pattern you want to purchase. Click [Purchase] to confirm your selection.

3. Check the order details carefully and complete by clicking [Confirm].

Concluding thoughts

The Binance Inscriptions Market is a platform that allows the creation and trading of various inscriptions, including BRC-20 and EVM tokens. The marketplace allows users to explore the full potential of coins through its user-friendly interface, comprehensive features, and frameworks such as BTC Transaction Accelerator and UniSat.