🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
ORDI as the first token of the BRC-20 protocol has attracted widespread attention in the digital currency field. Its total supply is set at 21 million pieces, consistent with Bitcoin, reflecting a pursuit of scarcity. ORDI is issued through the "inscription" method on the Bitcoin blockchain, a unique mechanism that ensures the decentralization characteristic of its issuance process.
However, the scarcity of ORDI is also reflected in its chip distribution. On-chain data shows that about 40% of ORDI tokens have been inactive for a long time, which means that the actual number of tokens available for trading is relatively limited. This situation has, to some extent, intensified the market's perception of ORDI's scarcity.
In terms of trading, ORDI has been listed in trading pairs by several globally renowned exchanges, including major platforms such as Binance and OKX. These major exchanges account for over 70% of ORDI's total trading volume, reflecting its high market popularity and liquidity. However, due to limited circulation, large buy orders may significantly impact the price, further reinforcing the market's perception of its scarcity.
It is worth noting that the scarcity of ORDI mainly stems from technical rules and market consensus, rather than actual use value or cultural significance. As a token attached to the Bitcoin blockchain, its scarcity is largely influenced by Bitcoin itself.
The unique position of ORDI in the market mainly stems from its identity as the first token of the BRC-20 protocol. This first-mover advantage makes it regarded as the beginning of the tokenization of the Bitcoin ecosystem, and even if more BRC-20 tokens may emerge in the future, ORDI's benchmark status may still be difficult to shake.
However, investors should remain rational when paying attention to ORDI. Although it enjoys a special status in the current market, the cryptocurrency market is constantly changing, and the long-term value of ORDI still needs to be tested over time. At the same time, its value largely depends on the development of the Bitcoin ecosystem and the market's acceptance of the BRC-20 protocol.
Overall, ORDI, as an emerging digital asset, does exhibit certain unique characteristics of scarcity. However, investors should comprehensively assess the risks when participating, deeply understand its technological foundations and market dynamics, and avoid blindly following trends.