### What is Ordinals Coin (ORDI)?

Ordinals Coin (ORDI) is the first BRC-20 token created using Bitcoin's Ordinals protocol. It is a memecoin designed to showcase the capabilities of the Ordinals technology, enabling the creation and trading of custom tokens directly on the Bitcoin network. ORDI represents a significant step in expanding Bitcoin's utility beyond its traditional role as a store of value.

### How does Ordinals Coin (ORDI) work?

ORDI operates on the Bitcoin blockchain using the Ordinals protocol and the BRC-20 token standard. The Ordinals protocol allows data to be inscribed directly onto satoshis, Bitcoin's smallest units, enabling the creation of NFT-like assets and custom tokens without relying on external smart contract platforms. ORDI inherits Bitcoin's Proof of Work (PoW) consensus mechanism, ensuring its security and decentralisation.

### What are the potential use cases for Ordinals Coin (ORDI)?

ORDI has several use cases, particularly within the growing ecosystem of Bitcoin-based tokens and digital assets:

- **Trading**: Facilitates trading on decentralised and centralised exchanges.  
- **Digital Collectibles**: Supports the creation and management of NFT-like digital collectibles directly on Bitcoin.  
- **Asset Experimentation**: Provides a platform for experimenting with new types of digital assets on the Bitcoin network.  

ORDI is relevant across industries such as cryptocurrency trading, digital collectibles and NFTs, and decentralised finance (DeFi) on Bitcoin.

### What is the history of Ordinals Coin (ORDI)?

ORDI was launched in March 2023 as the first BRC-20 token, based on the Ordinals protocol developed by Casey Rodarmor in January 2023. Significant milestones in its history include:

- **March 2023**: Launched as the first BRC-20 token.  
- **May 2023**: Listed on major exchanges, including Coinstash.  
- **December 2023**: Reached a market cap of over $1 billion.  
- **Token Supply**: Capped at 21 million tokens, mirroring Bitcoin’s supply limit.  

Since its launch, ORDI has rapidly gained traction, becoming a key player in the Bitcoin-based token ecosystem. It has driven increased activity and fees on the Bitcoin network, showcasing the potential for diverse digital assets to thrive on Bitcoin.


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