ORDI is a cryptocurrency that operates independently from the original Ordinals project by Casey Rodarmor. While the Ordinals protocol extends Bitcoin’s functionality to include NFT-like features by adding data types such as text, photos, music, and videos to Satoshis, ORDI is distinct in its nature and use. It emerged as the first token on the Bitcoin network, adhering to the BRC-20 standard. This standard, inspired by the fundamental technology of the Ordinals protocol, facilitates the issuance of transferable tokens directly on the Bitcoin network. ORDI, primarily considered a meme coin, shares only a conceptual link to the extended capabilities of Bitcoin through the BRC-20. Since its first inscription on March 8, 2023, ORDI has rapidly gained traction, achieving a market value of over 1 billion USD as of January 2024 and becoming the highest-valued token in the BRC-20 category.
ORDI is a meme coin on the Bitcoin network and functions as the first BRC-20 token created using the Ordinals protocol. The Ordinals protocol allows for data like text, images, audio, and video to be written directly to each Satoshi, the smallest unit of the Bitcoin network. This novel technology has enabled entirely new applications of non-fungible tokens and tokens to emerge on Bitcoin. With a fixed supply of 21 million tokens to match the total Bitcoin supply, ORDI operates as a fungible and transferable token, representing the first Bitcoin-based NFTs and tokens more broadly.
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ORDI operates on the Bitcoin Ordinals protocol. This protocol uses the fundamental unit of Bitcoin, the Satoshi, to embed diverse data types, including text, images, audio, and video. Unlike Ethereum’s ERC-20 tokens, BRC-20 tokens like ORDI do not rely on smart contracts for their creation and management. Inscriptions, the cornerstone of ORDI’s functionality, are made directly on the Bitcoin network. Each inscription is uniquely tied to a specific Satoshi, ensuring the token remains stable and secure within the decentralized framework. This process doesn’t require a separate token, side chain, or modifications to the Bitcoin structure, making it a streamlined and efficient approach.
The Ordinals protocol presents a unique opportunity to enrich Satoshis with additional value, transforming them into collectible and tradable assets. With a total of 2.1 quadrillion Satoshis available within the 21 million Bitcoins, the scope for tokenization is vast. Ordinals leverage this by turning each Satoshi into a potential vessel for digital information. The primary advantage of this approach is the capacity to tokenize assets and integrate them seamlessly into the Bitcoin ecosystem. As Ordinals and related tokens gain traction, they offer Bitcoin users an additional layer of value, enriching the traditional cryptocurrency experience with the dimensions of digital art and collectibles.
To learn more about Bitcoin Ordinals, check out our article: What Are Bitcoin Ordinals? Everything You Need to Know About Bitcoin NFT.
ORDI, the BRC20 coin on Bitcoin, has been listed in both the Bitget Innovation Zone and the BRC20 Zone. The Bitget Innovation Zone primarily focuses on trending tokens and provides a 60-day valuation period for newly listed pairs, with the potential for delisting if certain criteria are not met. In contrast, the BRC20 Zone specifically caters to tokens like ORDI that utilize the BRC20 standard. ORDI's listing in these zones, with Spot and Spot Grid Trading options available for the ORDI/USDT pair, underscores its growing relevance in the cryptocurrency market. However, users are advised to be aware of the high market risk and volatility associated with cryptocurrencies.
Step 1: Go to the ORDIUSDT spot trading page
Step 2: Enter the amount and the type of order, then click Buy/Sell.
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