Recently, Ordi coin has become one of the hottest topics in the digital currency market. However, many investors may struggle to find it on data platforms or major exchanges, and discussions about "how to buy Ordi coin" are growing. Several leading cryptocurrency exchanges have also started promoting the Ordinals Protocol. So, what exactly is Ordi coin?
Ordi is a Bitcoin inscription token—a contract-based token built on the Ordinals Protocol. Most trading occurs on cryptocurrency exchanges or through the Unisat wallet. Below, we’ll dive deeper into Ordi coin, its features, and investment potential.
What is Ordi Coin?
Ordi is the native chain token of the Ordinals Protocol and a Bitcoin BRC-20 token, similar to Ethereum’s ERC-20 tokens. It operates as a Bitcoin contract token under the Ordinals Protocol, with most trading taking place on the UniSat Marketplace—a Bitcoin-based decentralized exchange (DEX) requiring the Unisat wallet (functionally akin to MetaMask).
Key highlights about Ordi:
- First Bitcoin Inscription Token: Ordi pioneered the BRC-20 standard on the Bitcoin Ordinals Protocol.
- Decentralized & Open-Source: Developed on GitHub, the Ordinals Protocol ensures transparency.
- Supply & Launch: With a fixed supply of 21 million tokens, Ordi launched on March 9 and is currently tradable only via OTC (over-the-counter) markets, limiting liquidity for new investors.
Is Ordi Coin a Good Investment?
Ordi presents a compelling case for investment due to its unique positioning:
- Bitcoin-Backed Security: As an NFT protocol on Bitcoin’s mainchain, Ordi benefits from Bitcoin’s robust security. Artifacts inscribed on Bitcoin’s blockchain are permanently stored, fostering trust and consensus.
- Long-Term Potential: Despite high entry barriers (OTC/UniSat trading), many investors remain bullish. However, short-term volatility may rise due to factors like overheated sentiment, low liquidity, and competition from newer BRC-20 tokens (e.g., NALS, which surged 100x overnight).
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Risks to Consider:
- Accessibility: High trust and learning curves deter mainstream adoption.
- Market Fragmentation: New tokens may divert attention and capital from Ordi.
FAQ
Q: Where can I buy Ordi coin?
A: Currently, Ordi is available via OTC platforms or the UniSat Marketplace using a Unisat wallet.
Q: What makes Ordi different from other tokens?
A: It’s the first BRC-20 token inscribed on Bitcoin’s blockchain, merging Bitcoin’s security with smart contract-like functionality.
Q: Is Ordi’s supply limited?
A: Yes, it’s capped at 21 million tokens, mirroring Bitcoin’s scarcity model.
Investors should weigh Ordi’s innovative framework against its trading limitations. While its future looks promising, the path to broader adoption hinges on easing accessibility and sustaining developer/community interest.