In our commitment to continually broaden our offerings, we are introducing a new project addition: Ordinals. Ordinals is a groundbreaking platform that revolutionizes decentralized governance through the use of ORDI tokens.
In this article, we will explore Ordinals and its native token, ORDI. We will discuss current statistics and the features of Ordinals. Finally, we will conclude by providing a step-by-step guide on how to buy ORDI tokens.
What are Ordinals and ORDI Tokens?
Ordinals offers a decentralized marketplace for non-fungible tokens and other digital assets. This project is simple to use, featuring a straightforward application for creating NFTs and an integrated wallet for storing tokens.
Ordinals aims to provide a decentralized and secure trading environment to the public so digital assets can be bought and sold.
ORDI is the official and native token designed to streamline the work that occurs across the entire platform.
Users on the Bitcoin network have access to a safe and decentralized method of exchanging value through ORDI tokens. Because the ORDI token is completely backed by Bitcoin, its value is one satoshi.
This guarantees that the token will remain stable and secure while offering users the benefits of using a decentralized token.
Ordinals provide a one-of-a-kind possibility to write information to Satoshis, including images, movies, audio, and words. On the Bitcoin chain, the inscription of data in the form of NFTs and other tokens is the intended purpose of the protocol.
Current Statistics
Latest price (as of Oct 18, 2023): $3.23
Total market capitalization: $67.82 million
Total supply: 21 million
Features of Ordinals
Marketplace
The Ordinals ecosystem incorporates a marketplace where users can purchase, sell, and trade their tokens with one another. Users are given the ability to maximize the value of their collections by participating in this non-custodial market.
Users have the option of displaying their collections or browsing the collections of others. Because the interface provides access to important information regarding each ordinal, it is much simpler to ascertain whether or not the token is appropriate for your collection.
Tokenization
The capacity to tokenize assets and move them into the Bitcoin network is the primary advantage of Ordinals. Ordinals bring an additional dimension of worth to the equation due to the fact that they may be collected and bartered for.
By utilizing this strategy, Bitcoin users are able to acquire access to an additional layer of value without leaving the ecosystem.
Secure
Ordinals offer a level of security comparable to that of the industry. The network provides decentralized services based on a platform that has been audited.
Additionally, the network is run entirely by code, which eliminates the possibility of mistakes being made by humans. In addition to this, the Ordinals project is self-funded, which helps to guard against interference from external sources.
Simultaneously Fungible and Non-fungible
The fact that ordinals are not explicitly recognized by the Bitcoin protocol is one of the most interesting and unique aspects of these numbers. The Ordinal Theory is for those individuals who are aware of it and are willing to accept it.
In this manner, it offers the possibility of fostering the offerings of NFTs without putting the fundamental fungibility of Bitcoin in jeopardy.
Collect
The fact that you can give your satoshis individual characteristics paves the way for the creation of a new market for collectibles. Ordinal NFTs have already been made by a community of digital artists that is steadily developing.
The early ETH NFT efforts, which showed graphics with poor resolution, are very similar to many of these NFTs.
How to Buy ORDI Tokens?
CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide with 100% reserve. With its 700+ tokens supported, including ORDI, users can now trade quickly and seamlessly.
To purchase ORDI tokens on CoinEx, follow the steps below.
- Create an Account: Start by signing up for a CoinEx account.
- Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
- Navigate to ORDI Trading Page: Once your account is funded, go to the dedicated ORDI trading page on CoinEx. You can find a search box and enter the term ORDI to swiftly locate the trading pair associated with ORDI tokens.
- Choose a Trading Pair: Select the trading pair ORDI/USDT to trade ORDI against USDT (Tether).
- Specify the Purchase Amount: Determine the quantity of ORDI tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
- Execute the Trade: Proceed to execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.
Following these comprehensive steps, you can easily trade ORDI tokens on CoinEx, using the available trading pairs.
Hot