In addition to ORDI, where do the leaders of Bitcoin trade?

Joyceand others2Authors

23-12-06 11:47

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With Ordi's price breaking through $54, the wealth effect of its more than 20,000-fold increase in 9 months has made the Bitcoin ecosystem a hot investment track for investors. However, because many protocols in the Bitcoin track are still in the early stages of development, many targets cannot be purchased through mainstream exchanges. BlockBeats has compiled a list of other popular targets in the Mingwen ecosystem and their purchasing methods, excluding Ordi.

Some purchasing channels require downloading the corresponding Bitcoin wallet. BlockBeat introduces the registration and usage methods of mainstream Bitcoin wallets in "Six Bitcoin Wallet Beginner Interactive Tutorials, Don't Miss the Next Wealth Password".

$Nostr

$Nostr is a token deployed by NostrAssets on December 3rd, with a total issuance of 21 million, and a fair mint is about to take place. NostrAssets is an open-source decentralized protocol aimed at seamlessly integrating Taproot Assets and Bitcoin into the Nostr ecosystem.

Focus:

NostrAssets previously airdropped TREAT and TRICK tokens to early users, both of which have seen doubling growth. $Nostr is the first round fair mint token selected through a vote by the NostrAssets community on November 28th. Although the NostrAssets team claims that the Nostr token has no relation to the development team, the community's sentiment remains strong, and $Nostr is being promoted as "NostrAssets' platform token" among community members.

Purchase Method:

To trade on NostrAssets, it is necessary to ensure that there are funds in the account within the Nostrasset protocol. Therefore, the first step is to deposit funds into Nostr. On December 5th, due to the platform reaching maximum capacity, NostrAssets temporarily suspended deposit services, but has since resumed.

Deposit via Ably Wallet: If you are using Ably Wallet, first deposit funds into your Alby Wallet, then go to the Nostr website and click "Receive Assets" to enter the deposit page. The minimum deposit is 10000 sats, which is equivalent to 0.0001 BTC.

Then click "Create Invoice" and copy the generated payment address. Paste it into the "Send" page of Alby Wallet, enter the invoice number, and BTC can be deposited into Nostr Assets for trading. Refresh Nostr Assets to see the balance.

Deposit via OKX Wallet: On December 4th, OKX Wallet announced full support for the Nostr Assets protocol. Users can search and access the Nostr Assets protocol through the Discover section of the OKX Web3 wallet, deposit and withdraw assets, and trade protocol assets on the Nostr Assets Marketplace.

BlockBeats introduces the interaction steps on the OKX mobile app. Enter the OKX Web3 wallet interface, click on "Discover" in the bottom right corner, type in "nostr", select Nostr Assets that appears in the DApp column, and then you can jump to the Nostr Assets mobile app, connect your wallet, and select the Nostr network. If you see an npub address displayed on the Nostr mainnet, it means the connection is successful.

Recharge on Nostr Asset, click "Create Invoice" and two pop-ups will appear. Click "Confirm" and enter your wallet password to obtain the receiving address. Then use OKX's on-chain recharge and withdrawal function to transfer BTC assets to Nostr Asset.

After completing the recharge, you can wait for $Nostr's fair mint. There is currently no confirmed time information, and BlockBeats will continue to follow up.

$ATOM

ATOM is an ARC20 token minted through the Atomicals protocol. It is estimated to have a current market value of over 60 million. Atomicals is based on BTC's UTXO for minting and propagation, without adding additional burden to the BTC network. It is more closely aligned with Bitcoin technology and has gained support from some Bitcoin purists.

Focus:

ATOM is the first token in the ARC20 ecosystem, comparable to ORDI in the BRC20 ecosystem. The value of ATOM lies in the development potential of Atomicals. Compared to the Ordinal protocol, ARC20 and $ATOM are still in the early stages and require further improvement in wallets and markets. However, due to its technical design and mining settings that are more in line with Bitcoin, it has a higher level of technical legitimacy in the community.

Purchase Method:

Due to the characteristics of ARC20, the purchased tokens may be treated as ordinary sat and consumed as fees. Therefore, an independent wallet is needed to receive the relevant assets of the Atomicals protocol.

Download the ATOM Wallet plugin from the Atom official website. After opening the plugin, select "Create new wallet" and register with a password. Remember and backup the 12-word mnemonic phrase. Select the address with the path m/86/0/0/0/0 and click "Continue" to create the wallet successfully.

BSSB, AlEX and other BTC protocol tokens

BSSB

BitStable (BSSB) is a decentralized asset protocol based on the Bitcoin network, allowing users to generate DAII stablecoins collateralized against assets within the Bitcoin ecosystem. BitStable features a dual-token system and cross-chain compatibility, with its tokens being DAII and BSSB. BSSB is the governance token of the platform, which the community uses to maintain the system and manage DAII. BitStable also incentivizes BSSB holders through dividends and other measures. Since the IDO on November 29th, the price of BSSB has increased by only 700%.

Focus:

Due to the significant wealth effect caused by the 1140% increase in the Multibit (MUBI) token, which was launched on Bounce Finance's IDO for BTC protocol, and continued to rise in the following days, the community initially had the same expectations for BSSB. Additionally, as BitStable's vision is to generate a stablecoin similar to MakerDAO in the Bitcoin ecosystem, the community sees BitStable as the MakerDAO of the BTC ecosystem.

Purchase Method:

If you missed the early IDO on Bounce Finance, you can trade BSSB on Uniswap with contract address "0xda31D0d1Bc934fC34F7189E38A413ca0A5e8b44F". In addition to purchasing through the trading pair, users holding $MUBI tokens can currently stake $MUBI on MultiBit's staking system to obtain BSSB.

ALEX

ALEX Labs is a Bitcoin-based DeFi platform on the Stacks network. The platform was created with the intention of focusing on the Bitcoin financial perspective, and its vision is to eliminate barriers between Bitcoin L1 and L2, creating a seamless Bitcoin DeFi experience. Its token, ALEX, has a total supply of 1 billion and has seen a 179% increase in the past week.

ALEX price fluctuations in the past 14 days

Focus:

ALEX Labs is a DeFi protocol that started developing in the early days of the Bitcoin ecosystem. It is a leading protocol on the Bitcoin Layer 2 network Stacks. In late 2021, ALEX announced that it had completed a $5.8 million financing round and on November 24th, ALEX announced that its cross-chain component, ALEX Bridge, will transform into the unique entity "XLink". XLink's positioning is to "become the infrastructure that connects Bitcoin and its derivatives (such as BRC20), integrating the Bitcoin Oracle supported by ALEX, and achieving seamless and secure bridging between Bitcoin and Bitcoin L1 assets."

Purchase Method: