What is the issuance and circulation of ORDI coins?

The issuance of ORDI coins, the native token of the Ordinals protocol, commenced on January 21, 2023, with a capped supply of 2.1 billion and a current market value of approximately $4.50 per coin.

Oct 03, 2024 at 06:47 pm

1. Issuance of ORDI Coins

ORDI coins, the native token of the Ordinals protocol, were first issued on January 21, 2023. The total supply of ORDI coins is capped at 2,100,000,000, with no additional coins to be created.

2. Circulation of ORDI Coins

ORDI coins are currently circulating on the Bitcoin blockchain through the use of Ordinals, which embed digital artifacts, such as images, videos, and text, within Bitcoin transactions.

3. Distribution of ORDI Coins

The distribution of ORDI coins is primarily determined by the Ordinals mining process. Miners who successfully inscribe Ordinals onto the Bitcoin blockchain receive ORDI coins as a reward.

4. Trading of ORDI Coins

ORDI coins can be traded on decentralized exchanges (DEX) and centralized exchanges (CEX) that support the Bitcoin Ordinals ecosystem.

5. Current Market Value of ORDI Coins

As of February 6, 2023, the market value of an ORDI coin stands at approximately $4.50, with a total market capitalization of about $9.45 billion.

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