Key Points:
- OKX announced the listing of Orders (ORDI) on its spot trading markets.
- ORDI deposits on the exchange will be available on May 20, 2023, at 7:00 a.m. UTC.
Ordinals (ORDI), a meme token on the BRC-20 network, has been added to OKX‘s spot trading platforms.
Ordinals is a system that enables users to generate records using text, photos, audio, and video on Bitcoin’s smallest unit, the satoshi. In the Bitcoin network, these data may be utilized to generate NFTs and tokens.
According to the OKX statement, ORDI deposits will be available on May 20, 2023 at 7:00 a.m. UTC. Spot trading for the ORDI/USDT pair will commence if the ORDI token investment satisfies the exchange’s standards. The total supply and circulating supply of ORDI are both 21 million, which corresponds to the maximum amount of Bitcoins.
OKX CEO Star also tweeted on the ORDI listing, stating that the OKX exchange would soon list ORDI and start deposits and withdrawals. He also said that the BRC-20 token wallet and marketplace would be available on the web3 wallet starting next week.
Ordinals is a meme token in the BRC-20 network, a layer-2 Bitcoin solution that allows smart contracts and decentralized apps. Many BTC advocates, however, say that they choke the BTC network and are worthless.
In a short amount of time, a considerable number of BRC-20 tokens have been created, many of which are meme tokens. Also, the Dogecoin network has a similar arrangement dubbed DRC-20, which has helped the DOGE network to shatter records in terms of transaction volume.
Yesterday, the crypto exchange Gate.io also announced the availability of ORDI withdrawals, but the community objected since the transaction cost was too expensive. On May 19, the exchange allowed the BRC-20 ORDI Token withdrawal, although it was widely criticized by the community since the withdrawal cost was as high as 65 ORDI, which Gate subsequently decreased to 5.58 ORDI.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
Coincu News
Source: https://news.coincu.com/188754-okx-now-starts-to-support-ordi-trading/