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 a creation attribute value, and the current off-site price is 500! (At that time, the basic cost was in the 3-5U range) The profit has been a hundred times!

Bitcoin's experimental fungible token standard created by Twitter user @domodata on March 9, 2023.

Tutorial starts

1: Download the wallet plug-in

Recommended UniSat (open source plug-in Ordinals wallet), currently the most convenient one in the industry, 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 address starting with bc1p. (This address starting with bc1p is also the receiving address for subsequent casting inscriptions)

2: Brc20 real-time casting query and asset query

It is recommended to use UniSat to view inscription casting information in real time. (Text and number of minted, quantity minted, holder, etc.)

Three: Casting Inscription Bot Recommendation

1. idclub (preferred recommendation, mainly cost-effective and super cheap)

2. looksordinal (spare, same as above, cheap)

3. unisat (not recommended, expensive!)

It is recommended to use idclub here, which I currently use most frequently. (Currently the cheapest casting tool on the Internet, and very convenient)

Example operations:

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 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 arriving here, you need to open 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 the 7 satoshi demo.

(If no one grabs this brc20, it is recommended to choose 2-5 satoshis, which can save a lot of costs. For example, in the fomo stage, it is recommended to check the real-time gas of mempool and choose the highest satoshi or a higher satoshi to grab the inscription. Remember not to do it in the fomo stage. In order to save some gas fees, I didn't get the inscription, because I couldn't add GAS after playing it.) A painful lesson!

Click to pay and choose the service fee of 100 satoshis

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

6. At this time, idclub shows that the payment was successful, click to view the order.

Here it shows waiting for engraving (you 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 triangular arrow reaches the blue side, a block is produced, which means your transaction is successful. (Just at this time, GAS suddenly opened. We are very late in the queue and 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, which is now 88.81% minted (combined with the GAS situation on the chain, everyone should be casting this sexy now, and the 7 satoshis 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 has a high probability of causing the 7 satoshis to basically fail (if there is no fomo situation, just wait for the casting to be completed)

Now we are fighting alone (pulling 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, the block has come out, indicating that the casting is completed.

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!