Mainnet Guide - BRC-20
Mainnet Guide - BRC-20
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Introduction
BRC-20 is an experimental token standard that enables the creation and transfer of fungible tokens on the Bitcoin blockchain.
This means that we finally have meme coins on the Bitcoin blockchain. You can check their prices and volume at https://brc-20.io/.
Rules
This is an article to go through how to mint some BRC-20 tokens and a .sats domain. If you wanna dig deeper into the standard, check out the docs.
Guide
Getting Started
You’ll need a UniSat wallet. Get the chrome extension at https://unisat.io/download.
Step 1:
Create your wallet and select “Taproot” as the address type.
Copy the address and send some BTC to it ($20–$50 depending on your usage) from exchanges.
Step 1:
Now let’s go back to https://unisat.io/brc20.
Under “In-Progress,” you will find a list of BRC-20 tokens that are still available for minting.
Method 1 (Directly on UniSat, More Expensive)
Here we demonstrate with a “BANK” token. You can pick any token you like for minting.
Click on “Mint Directly”.
You can choose whether you want to repeat the minting process. Each mint will give you 1000 tokens.
Select the network fee.
Pay with your UniSat Wallet.
Confirm and you’ll see the this in your wallet. It’ll appear as unconfirmed until it gets written in the block.
Method 2 (On LooksOrdinal, Cheaper)
Go to https://looksordinal.com/ and choose “brc-20 mint”.
Enter your address, the ticker, amount to mint and repeat mint count. Choose feerate and inscribe!
You’ll be asked to send some BTC to an address. (1 BTC = 100 million sats, sats to bitcoin calculator here.)
Send it from your UniSat wallet and wait for confirmation.
You can also get yourself a .sats domain at https://unisat.io/inscribe.
If you wanna buy/sell the tokens, go to https://unisat.io/market. You’ll need to have 20 UniSat points (1 action = 1 points) to be able to access the marketplace.
That’s all for the guide. Good luck exploring the BRC-20 world.