What is ORDI? Information about ORDI Token

Ordi is the first memecoin developed on Bitcoin's Ordinals protocol. It was created by Domo, a pioneer in developing the BRC-20 token standard. The ORDI token has been fully distributed to the community through the inscription method and is listed on most major exchanges.

What Is Ordi

Overview of ORDI and Ordinals

What is ORDI?

ORDI is a meme token issued based on the BRC-20 standard, built on the Bitcoin Blockchain through the Ordinals protocol. ORDI does not have any specific functions or applications within the blockchain system. Its value mainly relies on the community’s interest, as it is the first token to be created following the BRC-20 standard.

What is ORDI?
What is ORDI?

ORDI was officially listed on Binance on November 7, 2023.

Related: What is BRC-20? Understanding the Token Standard on Bitcoin

What is Bitcoin Ordinals?

What is Bitcoin Ordinals?
What is Bitcoin Ordinals?

Bitcoin Ordinals is a protocol that assigns numbers and serializes individual satoshis (the smallest unit of Bitcoin), allowing them to be tracked in transactions. Ordinals also introduces the concept of Inscription, which lets users attach additional data to satoshis, transforming them into unique digital assets.

Moreover, Ordinals enables users to embed different types of data into the Bitcoin network in the form of NFTs, including text, images, audio, and video. These NFTs can be traded and transferred on the Bitcoin network. However, unlike Ethereum’s ERC-20, BRC-20 tokens like ORDI do not interact with smart contracts.

Highlights of Ordinals

  • Dedicated Marketplace: Ordinals offers a decentralized marketplace where users can buy, sell, and trade tokens. Its user-friendly interface helps collectors navigate easily and maximize the value of their collections.
  • Tokenization: Ordinals allows assets to be tokenized and integrated into the Bitcoin network. These serialized satoshis add collectible and tradable value, introducing a new layer of value for Bitcoin users.
  • Security: The Ordinals network provides a high level of security, consistent with current industry standards in Crypto. The network is fully decentralized and operates autonomously through code, eliminating human error risks.
  • NFTs and non-NFTs: One intriguing aspect of Ordinals is that they are not officially recognized by the Bitcoin protocol, creating new opportunities for those willing to explore them.

Team

Team
Team

Domo, the pioneer behind the BRC-20 token standard, launched ORDI as an experiment in March 2023. ORDI was the first BRC-20 token, marking a significant milestone in the crypto market. After ORDI’s release, supporting tools such as Ordinals Wallet and Unisat Wallet were quickly developed.

Other BRC-20 tokens like MOON and TRAC soon followed, showing impressive growth.

Since ORDI was created through Bitcoin Ordinals, some community members and even Binance mistakenly thought ORDI was the native token of the Ordinals protocol. Casey Rodarmor, the creator of Ordinals, clarified this misunderstanding, pointing out that Binance had incorrectly associated ORDI with the official Ordinals protocol.

Projects Similar to ORDI

ORDI is a memecoin on BRC-20, similar to other tokens like SATS and RATS.

5 Key Facts About ORDI Token

ORDI Token
ORDI Token

Basic Information about ORDI Token

  • Token Name: ORDI
  • Token Code: ORDI
  • Blockchain: BRC-20
  • Smart Contract: b61b0172d95e266c18aea0c624db987e971a5d6d4ebc2aaed85da4642d635735i0
  • Listing Date: May 8, 2023
  • Price: $33 (October 2, 2024)
  • Market Cap: 700M
  • Fully Diluted Market Cap: 700M
  • Total Supply: 21,000,000
  • Max Supply: 21,000,000
  • Circulating Supply: 21,000,000

ORDI Token Allocation

All ORDI tokens were distributed to the community through the Inscription process.

ORDI Token Release Schedule

Currently, all ORDI tokens are fully unlocked.

What is ORDI Token Used For?

ORDI does not have any specific function.

Where to Buy ORDI Token?

Investors can buy/sell ORDI on major exchanges such as Binance, OKX, Bybit, and more.

Buy ORDI on Binance Now!!!

Potential Evaluation

Here are some objective insights about ORDI:

ORDI is the first token and also the first memecoin on the Ordinals platform. Therefore, its price growth will heavily depend on the development of Ordinals. However, interest in Ordinals has cooled off since its boom in March-April 2024.

As a memecoin entirely controlled by the community, ORDI lacks a clear development model. A key advantage, though, is that all ORDI tokens are fully unlocked, sparing it from inflationary pressure seen in many other projects.

In conclusion, ORDI is a memecoin without clear growth potential, but it benefits from avoiding inflation. Its price volatility depends largely on trends, capital inflows, and the bullish sentiment of its holders. To make the most of ORDI, you must closely monitor the development of Ordinals, especially the influx of capital into its ecosystem. You can check Ordinals data on dune.com or stay updated with the latest and most accurate news on AZC.News.

Conclusion

Above is an overview of Ordinals and ORDI Token brought to you by AZC.News. If you have any questions, feel free to leave a comment for a quick response!

0.0/5

Love

Latest

How To Participate In The Xterio Airdrop

Airdrops | Editor Choice

How to Participate in the Xterio Airdrop

Join the airdrop hunt for the Xterio project, which has successfully raised $55 million and is currently running the The BeFriend AI Web campaign.

How To Participate In The Hashkey Airdrop

Airdrops | Editor Choice

How to Participate in the HashKey Airdrop

Hashkey is an extensive ecosystem launching its mini app on Telegram with a "Tap to earn" program. Hashkey has successfully raised $100 million. Join the Hashkey Airdrop now!

What Is An Ai Agent Top 5 Notable Ai Agent Projects

News | AI | Editor Choice | Newbies

What is an AI Agent? Top 5 Notable AI Agent Projects

AI Agent is an emerging concept that utilizes machine learning and deep learning technologies to develop an automated bot model, assisting users in performing tasks more easily.

Binance Announces Listing Of Velodrome Finance

News | Altcoin | Editor Choice

Binance Announces Listing of Velodrome Finance

The Binance exchange has announced the listing of Velodrome Finance, a DEX on Optimism, at 14:00 (UTC) on December 14, 2024.

Eth Could Surge To $15k As Etf Inflows Hit Record Highs

News | Altcoin | Analytics | Editor Choice

ETH Could Surge to $15K as ETF Inflows Hit Record Highs

Analysts believe Ethereum could rise to $15K, with positive signals from capital flows into ETFs.