Author: @CG_BRC20 (0lscan.eth)
Original title: "The whole process of practical minting of Brc20 tokens (mom-level feeding tutorial)"
What is Brc20?
brc20 is a homogeneous token protocol issued on the BTC native chain against erc20. The first token is ordi, issued by the author @domo. The currently popular tokens include pepe, punk, bayc, domo, etc. Although they are all meme tokens, they have been minted and OTC transactions are very active.
The most representative $Ordi
It has the value of creation attribute, and the current off-market price is 500! (The basic cost at that time was in the range of 3-5U) It is already a hundred times profit!
Bitcoin's experimental fungible token standard created by Twitter user @domodata on March 9, 2023.
Tutorial begins 1. Download the wallet plug-in
We recommend UniSat (open source plug-in Ordinals wallet), which is currently the most convenient one in the industry and the light of domestic products.
Create a wallet, back up the mnemonic phrase, and when selecting the address, select m/86/0/0/0, and then confirm.
Just withdraw BTC from Binance to this bc1p-beginning address. (This bc1p-beginning address is also the receiving address for minting inscriptions later)
2. Brc20 real-time minting query and asset query
It is recommended to use UniSat to view the inscription casting information in real time. (Casting text and number, number of casts, holders, etc.)
3. Casting inscription bot recommendation
1.idclub (preferred recommendation, mainly for cost-effectiveness and super cheap)
2.looksordinal (alternate, same as above, cheap)
3.unisat (not recommended, expensive!)
I recommend using idclub, which I use most frequently. (It is the cheapest casting tool on the Internet and very convenient)
Example operation:
1. Open UniSat to view the inscription casting information
This sexy token is an example. Here you can see that about 74% of it has been minted. The holders are not very healthy, with only 202 people. The chips are a bit concentrated. (Because the casting is over half done, the casting may be completed later)
Click to see details
Click Mint oirectly
Select mint, then copy the token name and quantity below.
2. Open the idclub casting tool
Method 1: Fill in the token and quantity just copied
Method 2 (recommended): No need to copy UniSat, just search for the token name in the first column and click it to automatically fill in (the new function is super convenient and will not make mistakes). Here I choose to cast 1 piece as an example.
Click Next
Fill in your bc1p address to receive the inscription.
3. After getting here, open the mempool to query the real-time GAS on the chain
Currently, the fastest GAS is 8 satoshis and the minimum is 7 satoshis.
Here I choose 7 Satoshi demo.
A painful lesson!
Click Pay and select Service Fee 100 Satoshi
Copy the address and amount (do not close the page)
4. Open the uni wallet plug-in and click Send
After filling in the address and amount copied above, click Next
Click Sign&Send
Display sending completed
5. At this time, idclub shows that the payment is successful, click to view the order
This shows waiting for engraving (need to wait for a while)
When it shows "Inscribing", it means that it is waiting for the block to be produced on the chain. You can click "Inscribing" to check the status of the block.
Check where your inscription is. When the triangle arrow reaches the blue side, it means a block has been created, which means your transaction is successful. (Just at this time, the GAS suddenly increased, and the queue was very low, so you need to wait for a while)
Note: Blocks are squares in the picture. If the yellow square contains your inscription and passes through the middle line and turns into a blue square, it means that your inscription has become a block.
At this time, if you check the brc20 assets on unisat, it will show that there are already sexy assets, but they are not yours yet, because your inscription has not yet been produced, so you need to wait patiently. (unisat will display the inscription of the inner pool, so the assets will be displayed in advance, and the final block production status will be determined on the chain)
At the same time, you should also pay attention to the real-time casting situation of sexy. 88.81% has been minted now (combined with the GAS situation on the chain, everyone should be casting this sexy now, and the 7 satoshi just given may not be cast)
I looked at the real-time GAS again. At this time, the highest on the chain has reached 24 satoshis. No wonder the block has not been produced after waiting for an hour.
This sudden fomo situation will most likely result in the failure of 7 satoshis. (If there is no fomo situation, just wait for the minting to be completed.)
Now we are going to play it once more (pull gas)
Open idclub to refill and mint, choose the highest 25 satoshi gas, and pay.
The payment is successful, click to view the order.
Click on Engraving to view the real-time block production status on this inscription chain.
After waiting for a while, blocks have been produced, indicating that the casting is complete.
Open unisat to view the real-time casting status of sexy. Here you can see that the casting has not been completed, which means that the tokens we minted with 25 satoshi gas are valid.
Now go to unisat to check our assets and enter your bc1q address.
There are 2 inscriptions shown, of which the one with 7 Satoshi failed, while the other with 25 Satoshi was successful. After all the tokens are minted, the final asset list will only show a balance of 1,000.
This concludes the tutorial!