Mice (Ordinals): What Is It and How Does It Work?

What Is Mice (Ordinals)?

Mice (Ordinals) is a meme coin on the Bitcoin blockchain, inspired by the prolific reproductive capacity of mice. Launched in October 2023, Mice operates on a token standard known as BRC-20, adhering to the principles of consensus, fairness, justice, and community participation. This approach is in line with Satoshi Nakamoto's original vision for blockchain technology. Unlike most meme coins that focus on quick gains, Mice emphasizes community building and joint commitment, aiming to create a sustainable and engaged user base.

The Mice project considers itself analogous to RATS, one of the first animal-inspired meme tokens on the Bitcoin blockchain, following the BRC-20 token standard. Within two months of its deployment, Mice has garnered significant attention, boasting a vibrant community of over 7,000 holders, a market cap of $71 million, and a 24-hour trading volume exceeding $2 million. This engagement indicates a growing interest in the token, setting it apart from other projects in the crowded cryptocurrency space.

Consider investing in Mice (Ordinals) ? It only takes 2 minutes to create an account on Bitget and start trading MICE.

How Does Mice Work?

Mice distinguishes itself by adopting an unconventional approach in the cryptocurrency world. It doesn’t have a roadmap, whitepaper, or website. Instead, it relies on the principles of the BRC-20 token standard, a recent innovation on the Bitcoin blockchain facilitated by the Bitcoin Ordinals system. This system allows for the ordering, identification, and inscription of digital content on satoshis, the smallest unit of Bitcoin. This development opens up new possibilities for developers, enabling them to embed diverse content such as text, images, audio, video, and even entire video games or codes directly onto satoshis.

To learn more about Bitcoin Ordinals, check out our article: What Are Bitcoin Ordinals? Everything You Need to Know About Bitcoin NFT.

Mice has a total supply of 1 billion tokens, with a significant number of storage addresses and transactions. Its design as a 100 percent mintable token makes it an attractive option for trading and investment, particularly for those interested in meme tokens. Mice has become a symbol of this spirit, with increasing support from various groups within the network. However, like any investment in the volatile cryptocurrency market, the benefits and risks associated with Mice tokens should be carefully evaluated.

MICE in the Bitget Innovation Zone

Bitget, recognized as a leading global cryptocurrency exchange and Web3 company, listed MICE in its Innovation Zone on December 18th, 2023. The Bitget Innovation Zone provides a 60-day valuation period for all newly listed pairs. This period is crucial for assessing the market depth and trading activity of MICE. If the trading pairs meet the set criteria, they continue to be listed; otherwise, they face delisting. This approach ensures that only tokens with genuine potential and engagement remain on the platform.

MICE, being a BRC20-based meme coin on the Bitcoin blockchain via the Ordinals protocol, represents an addition to the Innovation Zone. Its listing allows users to engage with the token in its early stages, offering a unique opportunity to participate in the growth of a distinctive digital asset. Bitget users are provided with the convenience of trading MICE/USDT pairs on Spot and Grid, facilitated by various payment methods including debit/credit cards and bank transfers.

How to Trade MICE (Ordinals) on Bitget

Step 1: Go to the MICEUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

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