BRC-20 Protocol Token Transfer Guide: How to Transfer $Ordi

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Understanding BRC-20 and $Ordi

BRC-20 tokens represent a homogeneous token standard built on the Bitcoin blockchain, leveraging the Ordinals protocol's inscription feature. This allows JSON-formatted data to be embedded within Bitcoin transactions. The Ordinals protocol enables the creation of non-fungible tokens (NFTs) by writing file hashes or URLs into transaction outputs. BRC-20 tokens are an experimental extension of this protocol, exploring tokenization possibilities on Bitcoin.

$Ordi is the **first BRC-20 token**, with a fixed supply of 21 million. Initially, users could claim 1,000 tokens for free. As of now, $Ordi remains a proof-of-concept project with no intrinsic value.

How to Claim or Purchase $Ordi

Released on March 8, 2023, by Twitter user @domodata, $Ordi tokens were fully claimed within 18 hours. Currently, they are only available via OTC (over-the-counter) trades.

👉 Secure your OTC purchase by verifying the inscription validity here

Critical Note: Sellers must follow the transfer steps below for the transaction to be valid.

Step-by-Step Guide to Transfer $Ordi

1. Locate the Transfer Function

Visit the official BRC-20 documentation and copy the transfer template:

{
  "p": "brc-20",
  "op": "transfer",
  "tick": "ordi",
  "amt": "100",
  "to": "1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa"
}

2. Use UniSat Wallet

  1. Navigate to UniSat’s official site.
  2. Paste the JSON into the inscription tool.
  3. Ensure the recipient address starts with bc1.
  4. Enter your wallet address when prompted.
  5. Pay the gas fee to generate a new inscription.
  6. Send this inscription to the buyer.

Key Considerations

FAQ

Q1: Is $Ordi tradable on exchanges?

Currently, $Ordi is not listed on major exchanges. OTC trades are the only option.

Q2: How do I verify a seller’s inscription?

Use tools like BRC-20 transaction validators to confirm authenticity.

Q3: Why does the recipient address need to start with ‘bc1’?

This prefix ensures compatibility with Bitcoin’s Bech32 encoding, required for BRC-20 transactions.

Q4: Can I transfer partial amounts of $Ordi?

Yes, adjust the amt field in the JSON. Minimum transferable units depend on the token’s divisibility.

Q5: What if my transfer fails?

Check for insufficient gas or an incorrect address format. Resubmit with adjusted fees.

Q6: Are BRC-20 tokens secure?

While experimental, they inherit Bitcoin’s security. However, OTC risks (e.g., scams) exist—always verify sellers.

👉 Explore more about BRC-20 tokens and their potential

Final Notes: