Since the inception of blockchain and cryptocurrency, there has never been a token created on the Bitcoin blockchain, but for the first time ever, a token by the name ORDI, a BRC20 token, has been the first token issued on the Bitcoin blockchain.

With its uniqueness, the ORDI token has been phenomenal, with its price increase in recent days, increasing by over 50% in the past 30 days as of December 4, 2024. On its launch, the ORDI token became the highest-valued token in the BRC-20 category.

What is the ORDI token about, and how has it influenced the general crypto market and the blockchain industry?

What Is Ordinals (ORDI)

ORDI is a meme coin that runs on the Bitcoin network. It is the first BRC-20 token built with the Ordinals protocol, which was established by software programmer Casey Rodarmor. The protocol enables data such as text, photos, audio, and video to be sent directly to each Satoshi, the smallest unit of the Bitcoin network, resulting in new uses for NFTs and fungible tokens on Bitcoin.

ORDI uses the Ordinals protocol’s capabilities to deliver these new functionality and applications, particularly those involving NFTs and cryptographic tokens. As the first BRC-20 token based on the Ordinals protocol, it provides a showcase for these new capabilities, highlighting the creativity of the Ordinals protocol and the opportunities this type of functionality may unlock in the future.

It is crucial to note that ORDI, while using the BRC-20 standard, is generally regarded as a meme coin. It has a nominal relationship with the Ordinals protocol, sharing merely a conceptual link to Bitcoin’s enhanced capabilities via the BRC-20. ORDI was the first BRC-20 token on the Bitcoin blockchain, using the Ordinals protocol to add non-fungible token (NFT) capability to the Bitcoin ecosystem.

The Ordinals protocol gives each Satoshi a unique numerical identity, allowing them to be inscribed with data and, therefore, producing NFTs directly on the Bitcoin network. The BRC-20 token standard inscribes JSON data into Satoshis, which includes token information such as ticker and supply.

The Price History of ORDI on CoinEx

As seen in the picture above, the price changes of the ORDI token on CoinEx have been excellent; the ORDI’s price has varied dramatically, reaching an all-time high (ATH) of US$95.52 in March 2024.

With a fixed supply of 21 million tokens to match the total Bitcoin supply, ORDI is fungible and transferable, making it a valuable asset in the BRC-20 ecosystem. The success of ORDI has increased demand for Bitcoin-based tokens and collectibles, indicating the Ordinals protocol’s potential impact on the cryptocurrency market.

How to Buy ORDI Token

You can buy the ORDI token on CoinEx. CoinEx is trusted by over 10 million consumers worldwide, with 100% reserve and over 1800 diverse crypto assets available, including the ORDI token, that users may easily trade.

They have established a strong global presence, supporting 18 language markets and providing services in 200+ countries and regions, catering to a diverse range of user needs.

With a rapidly growing user base, CoinEx continues to empower traders worldwide by delivering innovative, secure, and user-friendly trading solutions.

Global investors can trade and invest in the ORDI token using the CoinEx platform. To get started, register an account here and click on this link.

All you need to do to start investing in the ORDI token is deposit USDT into your account, input the amount you wish to get, as seen in the picture above and click on buy.

Overview

Name: ORDI
Official link: https://ordinalswallet.com/inscription/b61b0172d95e266c18aea0c624db987e971a5d6d4ebc2aaed85da4642d635735i0
Explorer: https://ordinalswallet.com/inscription/b61b0172d95e266c18aea0c624db987e971a5d6d4ebc2aaed85da4642d635735i0
Total supply: 21 Million
Contract address: b61b0172d95e266c18aea0c624db987e971a5d6d4ebc2aaed85da4642d635735i0
Supported CEX: CoinEx, Binance, OKX, Gate.io
Convenient for users to know in time: https://www.coinex.com/en/info/ORDI

*This article does not constitute investment advice.

Bitcoin’s First-Ever Token: How ORDI Is Transforming the Blockchain and Skyrocketing in Value