Ordinals (ORDI) is a special service that offers Bitcoin users a protocol to add additional data to their Satoshis and create NFTs with Bitcoin-supported collections. In this article, you can learn more about Ordinals, including the recently listed ORDI coin on the Binance exchange.
What are Ordinals?
Ordinals provide a protocol to add extra data to Satoshis, which are the smallest unit that Bitcoin can be calculated. This allows users a unique opportunity to create collections and NFTs. The protocol enables everyone to add text and data to Bitcoin, and this extra flexibility has the potential to increase Bitcoin’s market share.
These NFTs and collections have become possible with the introduction of the BRC-20 token standard. This standard provides developers with guidelines for creating new assets, allowing them to work within a larger ecosystem. Currently, there are over $900 million worth of assets in BRC-20 tokens, and Ordinals aims to further increase this number. Over 200,000 Ordinals have been produced so far.
Ordinals aims to solve some of the problems in the Bitcoin ecosystem. Specifically, it makes Bitcoin more accessible for NFTs. NFTs are unique digital tokens that can represent real-world assets, and the NFT sector is a rapidly growing field. Ordinals allows the creation of Bitcoin-supported NFTs without requiring side chains, enabling the creation of on-chain and off-chain elements represented by Ordinals. Additionally, rare and special collection pieces can be created. Since Ordinals is the unit of Satoshis, it can be easily accessed by any Bitcoin user.
ORDI Coin is the service token of the Ordinals protocol and is primarily used to pay transaction fees in the protocol. ORDI coin can also be used to participate in the governance of the protocol, making it a governance token.
Where to Buy ORDI Coin?
ORDI Coin can be purchased through Binance, one of the world’s largest cryptocurrency exchanges. ORDI coin was listed on Binance on November 7th, available for trading in ORDI/BTC, ORDI/USDT, and ORDI/TRY trading pairs.
To buy ORDI coin, first, you need to register on the Binance exchange (if you haven’t already). After completing the registration process, you need to transfer cryptocurrency or fiat currency like Turkish Lira to your Binance account wallet. Once the transfer is complete, you can buy ORDI coin from the three trading pairs mentioned above.
To make a purchase from the ORDI/USDT trading pair, you need to go to the interface of this trading pair. Enter the desired amount to be purchased in the designated field in the limit tab of the trading pair interface. After entering the amount, the purchase is completed with the ORDI Buy order.
