Detailed Explanation of the Whole Process of BRC20 Token Minting

BRC20 is a fungible token protocol on the Bitcoin native chain, similar to the ERC20 standard of Ethereum. Currently popular BRC20 Tokens include pepe, punk, bayc, domo, etc. Although they all belong to meme tokens, they have all been minted, and off-market trading is quite active.

The most representative is $Ordi, which, as the first BRC20 Token, has the value of its genesis attributes, and the current off-market price has reached 500. This standard was created by a user on March 9, 2023, and is an experimental fungible token standard on Bitcoin.

Minting BRC20 Token Steps

1. Install wallet plugin

It is recommended to use the UniSat wallet, which is an open-source Ordinals wallet plugin that is easy to operate. After creating the wallet, select an address starting with m/86/0/0/0. Withdraw BTC from the trading platform to this address for subsequent minting.

2. Query minting information

You can use UniSat to view real-time information on inscription minting, including minting text, quantity, holders, and other data.

3. Select minting tool

It is recommended to use idclub, which has a high cost-performance ratio and is easy to operate. Other options include looksordinal and so on.

4. Actual Operation Process

1. View the minting information of the target Token on UniSat, such as the minted ratio, number of holders, etc.

2. Copy Token name and minting quantity.

3. Open the idclub tool, fill in the Token information or directly search for automatic completion.

4. Input the address for receiving the inscription (bc1p starting with ).

5. Query real-time Gas fees and set appropriate Gas.

6. Pay the minting fee, copy the payment address and amount.

7. send the corresponding amount to the specified address using the UniSat wallet.

8. Waiting for transaction confirmation, you can check the order status in idclub.

9. After the transaction is on-chain, wait for block confirmation for minting to be completed.

10. Finally, check the asset balance on UniSat to confirm the minting was successful.

Notes

• Gas fees will fluctuate according to network congestion, and need to be monitored in real-time.
• During the minting process, failures may occur, and you may consider increasing the Gas to retry.
• The transaction confirmation time depends on the network conditions, please be patient.
• After minting is complete, the assets may take some time to appear in the wallet.

By following the above steps, the minting process of the BRC20 Token can be completed. During the operation, caution is required, and you should always pay attention to the network status to ensure the transaction is successful.