Apart from ORDI, where can the leading cryptocurrencies be traded?

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1 year ago

Author: Joyce, BlockBeats

As Ordi's price breaks through $54, its wealth effect, which has increased by over 20,000 times in 9 months, has made the Bitcoin ecosystem a hot investment track for investors. However, as 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 other popular targets in addition to Ordi in the Mingwen ecosystem and their purchase methods.

Some purchase channels require downloading the corresponding Bitcoin wallet. BlockBeats introduced the registration and usage methods of mainstream Bitcoin wallets in "Six Bitcoin Wallet Entry Interactive Tutorials, Don't Miss the Next Wealth Password."

$Nostr

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

Focus:

NostrAssets has previously airdropped TREAT and TRICK tokens to early users, both of which have achieved doubled gains. $Nostr is the token selected in the first round of fair mint by the NostrAssets community on November 28. Although the Nostrassets team claims that the Nostr token has no relationship with the development team, the community's sentiment is still strong. In the community's circulation, $Nostr is promoted as "the platform token of NostrAssets."

Purchase method:

To trade on NostrAssets, it is necessary to ensure that there are funds in the account in the Nostrasset protocol, so it is necessary to deposit funds into Nostr first. On December 5, due to reaching maximum capacity, NostrAssets suspended deposit services, which have now been restored.

Deposit via Ably wallet: If using the Ably wallet, first deposit funds into the Alby wallet, then click "Receive Assets" on the Nostr official website to enter the recharge page. The minimum recharge is 10,000 sats, equivalent to 0.0001 BTC.

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

Deposit via OKX wallet: On December 4, the 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 in the Nostr Assets Marketplace.

BlockBeats here introduces the interactive steps on the OKX mobile end. Enter the OKX Web3 wallet interface, click "Discover" in the lower right corner, enter "nostr," select Nostr Assets that appears in the DApp column, and then jump to the Nostr Assets mobile end, connect the wallet, and select the network as Nostr. Seeing the Nostr mainnet display an address starting with npub indicates a successful connection.

To recharge on Nostr Asset, click "Create Invoice," and two pop-ups will appear. Click confirm, enter the wallet password, and you will get the payment address. Then use OKX's on-chain deposit and withdrawal function to transfer BTC assets to Nostr Asset.

After completing the recharge, you can wait for the fair mint of $Nostr. 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. Its estimated current market value has exceeded 60 million. Atomicals is based on BTC's UTXO for casting and propagation, without adding extra burden to the BTC network, making it more compatible with Bitcoin technology and gaining support from some Bitcoin purists.

Focus:

ATOM is the first token in the ARC20 ecosystem, comparable to ORDI in the BRC20. The value of ATOM lies in the development potential of Atomicals. Compared to the Ordinal protocol, ARC20 and $ATOM are still very early and require waiting for the improvement of wallets and markets. However, due to its technical design, mining settings, and closer alignment with Bitcoin, it has higher technical orthodoxy in the community.

Purchase method:

Due to the characteristics of ARC20, tokens purchased may be treated as ordinary sats and consumed as fees, so a separate wallet is needed to receive assets related to the Atomicals protocol.

Download the ATOM Wallet plugin on the Atom official website, open it, select "Create new wallet," enter a password to register, remember and back up the 12-word mnemonic, select the address for m/86/0/0/0/0, and click "Continue" to create it successfully.

BSSB, AlEX, and other BTC protocol tokens

BSSB

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

Focus:

Since the previous BTC protocol Multibit token MUBI, which had an IDO on Bounce Finance, saw a 1140% increase at the opening and continued to rise in the following days, it has had a clear wealth effect. Therefore, the community initially had the same expectations for BSSB as for MUBI. In addition, as BitStable's concept is to generate DAII stablecoins in the Bitcoin ecosystem, the community believes that BitStable is the MakerDAO of the BTC ecosystem.

Purchase Methods:

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

ALEX

ALEX Labs is a Bitcoin ecosystem DeFi platform based on the Stacks network. The platform was established with a focus on the concentrated bet on the Bitcoin financial viewpoint, with the vision of eliminating barriers between Bitcoin L1 and L2 and creating a seamless Bitcoin DeFi experience. The total supply of its token ALEX is 1 billion, with a recent weekly increase of 179%.

Price fluctuation of ALEX in the past 14 days

Focus:

ALEX Labs is an early-stage DeFi protocol in the Bitcoin ecosystem and is the leading protocol on the Bitcoin Layer 2 network Stacks. It announced the completion of a $5.8 million financing at the end of 2021 and on November 24, ALEX announced that its cross-chain component ALEX Bridge will transform into a unique entity called "XLink." XLink's positioning is to "become the infrastructure connecting Bitcoin and its derivatives (such as BRC20), integrating the Bitcoin Oracle supported by ALEX, thereby achieving seamless and secure bridging between Bitcoin and Bitcoin L1 assets."

Purchase Methods:

You can trade directly on the ALEX exchange, which offers trading pairs such as ALEX/SUSDT and ALEX/STX.

TOOTHY (NFT)

TOOTHY | ATOM (Little Crocodile) is one of the first batch of Mingwen NFT projects to undergo dmint after the Dmint update of the Atomicals protocol, with a total of 10,000 pieces. Due to the fluctuating gas fees, the cost of one NFT was approximately $100 at its peak. The current floor price is $280, with a 12% decrease in the past 24 hours. The total trading volume in the four days since its launch is 4 BTC.

Focus:

TOOTHY is one of the most exquisite NFT series produced in the first batch of Dmint by Atomicals, with rich design, and is considered a leading NFT in the first batch of Dmint projects. The community views this dmint by Atomicals as the fairest dmint method and has high attention in the community.

Purchase Methods:

After installing and registering the Atom wallet, go to the Atom market, select the "Collection" page to see the TOOTHY series. Currently, there are 278 TOOTHY NFTs listed for sale. Choose the TOOTHY you want to purchase and click "BUY NOW."

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