The Ordi token has recently gained significant popularity, with its value increasing by over 100. Unlike other tokens, the Ordi Token does not have a project team and is considered to be completely decentralized. This factor contributed to the enormous popularity of the BRC-20 protocol.
What is BRC-20?
BRC-20 is a Bitcoin-based token protocol that does not have smart contracts. Currently, its main use is to generate Bitcoin-based NFTs using the Ordinals protocol.
The Ordi token is the first token created by a Domodata user using the Ordinals protocol and is based on the BRC-20 standard. Since the tokens generated by Ordinals are more like NFTs, they require users to mint them. User Domodata, after production was completed, considered the tokens to be of little value and made them available for free minting on the Internet.
In just 48 hours, all 21,000,000 tokens were minted.
Therefore, Ordi Token is more like an NFT with very little content. Additionally, when Ordi tokens are sold, they are packaged and sold as a single unit. For example, if 100 tokens are minted, then they are sold in a package of 100. $ORDI