Introduction
We're excited to announce that ORDI, the pioneering BRC-20 token on the Bitcoin network, is now listed on Coinhako! This milestone opens new opportunities for traders and enthusiasts to engage with this innovative cryptocurrency.
Understanding ORDI
What Is ORDI?
ORDI is a standalone cryptocurrency, distinct from the Ordinals project. As the first token leveraging the BRC-20 standard on Bitcoin, it enables token issuance without relying on Ordinals functionalities.
Key details:
- Token Type: Meme coin (conceptually linked to Ordinals).
- Launch: Inscribed on March 8, 2023.
- Peak Value: Reached $96.17 per token.
- Total Supply: Capped at 21,000,000 ORDI.
ORDI’s rapid rise in 2023 showcased its potential, achieving a $348 million market cap and becoming the highest-valued BRC-20 token.
How ORDI Works
ORDI utilizes the Bitcoin Ordinals Inscription protocol, embedding data directly into Satoshis (Bitcoin’s smallest units). Unlike smart contract-based tokens, ORDI’s inscriptions are permanent and immutable, linking each token to a specific Satoshi.
Key Features:
- Data Embedding: Supports text and images (limited by Bitcoin’s block size).
- Collectible Assets: Transforms Satoshis into unique digital artifacts.
- Bitcoin Integration: Expands Bitcoin’s utility beyond transactions.
Why ORDI Stands Out
ORDI’s groundbreaking use of Bitcoin Ordinals unlocks novel applications:
- Digital Art NFTs: Artists mint verifiable works on individual Satoshis.
- Secure Data Storage: Immutable text/image embedding for tamper-proof records.
- Asset Tokenization: Digitally represents real-world assets on Bitcoin.
👉 Explore ORDI’s potential on Coinhako
Trading ORDI on Coinhako
ORDI is available for trading across all swap pairs on Coinhako. To get started:
Fund Your Wallet:
- Use PayNow or other supported methods to deposit SGD.
Instant Purchase:
- Buy ORDI directly with Visa/Mastercard.
Note: Sending/receiving ORDI is unavailable in this release.
Risk Disclosure
Coinhako is licensed by the Monetary Authority of Singapore (MAS) for digital payment token services. Key risks include:
- Market Volatility: DPT values can fluctuate drastically.
- Irreversible Losses: Be prepared to lose invested capital.
- Stablecoin Risks: Services may involve non-guaranteed stable-value tokens.
For details, visit Coinhako’s Risk Disclosure.
FAQs
1. Is ORDI the same as Bitcoin Ordinals?
No, ORDI is a separate BRC-20 token inspired by Ordinals but operates independently.
2. Can I withdraw ORDI from Coinhako?
Not currently—this release supports trading only.
3. What makes BRC-20 tokens unique?
They enable tokenization on Bitcoin without smart contracts, using inscriptions.
4. How is ORDI’s value determined?
By market demand, like other cryptocurrencies, with no intrinsic backing.
5. Are ORDI transactions reversible?
No, Bitcoin-based transactions are immutable once confirmed.
Final Thoughts
ORDI’s integration into Coinhako marks a significant step for Bitcoin-native tokens. Whether you’re a trader, artist, or tech enthusiast, ORDI offers a unique blend of innovation and accessibility.
👉 Start trading ORDI today and explore the future of Bitcoin tokenization!