1000SATS (Ordinals) 1000SATS

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$0.000054650000 +2.1%

Market Cap

$0.00 (#12188)

Supply

0.00 / 2.10T

Tags

BRC-20 Inscriptions

More Metrics

Price
52W High price	$0.000746505600
52W High date	5th Mar 2024 (1 year ago)
All Time High (ATH) Date	26th Dec 2023 (1 year ago)
ATH Price	$0.000925560000
% From ATH	-86.82%
All Time Low (ATL) Date	20th Jan 2025 (4 months ago)
ATL Price	$0.000101040000
% From ATL	20.76%

Supply & Trading Volume
Trading Volume (24h)	$13.16M
Total Supply	2.10T
Max Supply	2.10T

Less Metrics

Description

1000SATS represents a small division of Bitcoin, specifically 1000 satoshis, which is a fraction equal to 0.00001 BTC. This token operates within the BRC-20 standard, leveraging the innovative ordinals protocol to create a token economy on the Bitcoin Network without relying on smart contracts. This method allows for the creation of digital assets...

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1000SATS represents a small division of Bitcoin, specifically 1000 satoshis, which is a fraction equal to 0.00001 BTC. This token operates within the BRC-20 standard, leveraging the innovative ordinals protocol to create a token economy on the Bitcoin Network without relying on smart contracts. This method allows for the creation of digital assets like NFTs directly on the Bitcoin blockchain by assigning ordinal numbers to satoshis and adding signatures to them.

Key Features

• Token Economy:
  • 1000SATS operates within the BRC-20 standard, a new token standard for fungible tokens on the Bitcoin network.
  • Enables the creation of token economies on the Bitcoin Network without smart contracts.
• Ordinals Protocol:
  • Facilitates the creation of digital assets like NFTs by encoding files onto satoshis.
  • Offers unparalleled flexibility for token creation without smart contracts.
• Token Characteristics:
  • Denomination: 1000 satoshis or 0.00001 BTC.
  • Token supply: 2.1 trillion SATS.
  • Backed by an anonymous team honoring Satoshi Nakamoto.

Trading and Usage

• Trading Platforms:
  • 1000SATS can be traded on various exchanges, including Binance.
• Marketplace:
  • The UniSat marketplace allows users to buy and sell BRC-20 tokens.

Other Information

• Challenges and Risks:
  • Security Concerns:
    • Ordinals have raised security concerns due to potential vulnerabilities in the Bitcoin blockchain.
  • Regulatory Uncertainties:
    • The regulatory environment for 1000SATS remains uncertain.
  • Price Fluctuations:
    • The token is subject to price fluctuations, which can be influenced by market trends.

Summary

1000SATS (Ordinals) represents a pioneering approach to token creation on the Bitcoin Network, offering a unique token economy without reliance on smart contracts. Despite the potential benefits, the project faces challenges related to security, regulation, and market volatility.

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