Detailed Explanation of the Entire BRC20 Token Minting Process

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 over-the-counter trading is active.

The most representative is $Ordi, which as the first BRC20 Token has genesis attributes, and its current over-the-counter price has reached 500, achieving a hundredfold return compared to the initial cost of 3-5U.

minting steps

1. Prepare wallet

It is recommended to use UniSat, which is a convenient open-source Ordinals wallet plugin. After creating a wallet and backing up the mnemonic phrase, select the address with the path m/86/0/0/0. After that, you can transfer BTC from the exchange to this address starting with bc1p for subsequent minting operations.

2. Query minting information

You can use UniSat to view the minting progress of inscriptions in real time, including the number of tokens minted, the number of holders, and other information.

3. Select minting tool

It is recommended to use idclub, as its minting fees are lower and the operation is convenient. Looksordinal can also be chosen as an alternative, while UniSat is relatively more expensive.

4. Minting operation example

Taking the sexy Token as an example:

1. Check the minting progress on UniSat, which is 74% completed, with 202 holders.

2. Fill in the Token name and quantity in idclub, or directly search for the Token name to auto-fill.

3. Fill in the bc1p address for receiving the inscription.

4. View the real-time gas fees on the blockchain and choose the appropriate rate as needed.

5. Pay the minting fee, copy the address and amount.

6. send transactions using the UniSat wallet plugin.

7. Waiting for transaction confirmation, you can check the order status on idclub.

8. After the transaction is confirmed, check the asset balance in UniSat.

Notes:

• Monitor real-time gas fee changes, and if necessary, you can increase the rate to re-mint.
• Assets may temporarily appear in the memory pool before minting is complete.
• Ultimately, the on-chain confirmation shall prevail.

By following the above steps, the minting process of the BRC20 Token can be completed. During the operation, it is important to pay attention to changes in gas fees and the minting progress to avoid failures due to delays.