In this edition, we will delve into the complexities of cryptocurrencies and NFTs, with a special focus on BTC Summer and the potential for making 1000X investments. In Part I of our series, we will guide you through creating a UniSat Wallet and navigating the world of BRC-20 tokens.

Read Crypto Exponentials Newsletter: Week “16” $10k Challenge: Every single opportunity missed on Ethereum is coming to Bitcoin. How to Prep for the next 1000X

Understanding Ordinals and Bitcoin Blockchain Updates:

To start, let’s explore the fascinating innovation known as Ordinals, or “Bitcoin Ordinals.” Developed by Casey Rodarmor, a former Bitcoin Core developer, this protocol allows for the permanent and immutable inscription of data on the Bitcoin blockchain. This groundbreaking achievement became possible thanks to significant updates, namely SegWit in 2017 and Taproot in 2021, which expanded block sizes to accommodate Ordinals’ data recording capabilities.

Differentiating Digital Artifacts and BRC-20 Tokens:

Digital artifacts, as described by Casey Rodarmor, are self-contained and permissionless inscriptions on Ordinals. While often compared to NFTs, they stand apart by not relying on external platforms for hosting content. In contrast, BRC-20 tokens, operating on the Bitcoin blockchain, provide a means for token allocation and exchange, transforming it into a comprehensive exchange platform. It’s crucial to understand these distinctions as we dive deeper into BRC-20 tokens.

UniSat Wallet:

Your Gateway to BRC-20 Tokens:

To participate in the world of BRC-20 tokens, we recommend utilizing UniSat Wallet. Designed explicitly for BRC-20 tokens, it serves as both a wallet and a marketplace. Let’s walk through the process of creating an account and exploring the wallet’s features.

Creating Your UniSat Wallet:

1. Visit the UniSat website and download the browser extension, which functions as your wallet and connects you to the platform.
2. Open UniSat Wallet and create a new wallet, ensuring a strong password for security purposes.

1. Safeguard your 12-word recovery phrase (Seed) generated by UniSat Wallet to prevent any access loss.
2. Select the Taproot network to ensure compatibility with BRC-20 tokens.

UniSat Wallet Features:

UniSat Wallet offers several essential features for BRC-20 token users, including:

1. Sending and receiving digital currencies: Seamlessly transact Bitcoin and other cryptocurrencies through different addresses on networks like SegWit, Taproot, and Legacy.
2. Buying and selling BRC-20 tokens: Engage in secure transactions through the UniSat Marketplace, where you can browse available offers, set prices, and conduct purchases.
3. Minting tokens: Participate in mining operations within UniSat Wallet to mint new tokens and contribute to their launch.
4. Asset management: View your portfolio, check balances, and monitor investment performance directly from your UniSat Wallet account.

Minting BRC-20 Tokens:

To mint BRC-20 tokens using UniSat Wallet:

1. Visit the UniSat website and access the BRC20 tab.

2. Select a token that is currently being distributed (in progress) to participate in the minting process. Minting involves generating a portion of the token’s supply during its launch.

3. Choose the number of times you want to mint (recurrences). For example, if you choose to mint once, you will receive a certain number of tokens (e.g., 2100). If you decide to mint 10 times, you will receive 10 times more tokens (e.g., 21000).

4. Select appropriate gas fees to expedite the validation process.

5. Monitor the minting progress to avoid being outpaced by other users (Monitor the progress of the minting and ensure that you are not “front-run” by other users)

6.Things to consider when minting a BRC-20 token: Pay attention to the total token supply and the number of tokens distributed per minting. If the supply is very high and the number of tokens per mint is low, it may take a long time before minting process ends.

In summary, to mint tokens on UniSat, select a token that is being distributed, determine the number of recurrences, choose the appropriate gas fees, and closely monitor the minting progress to avoid being surpassed by other users.

Buying and Selling BRC-20 Tokens:

To engage in buying and selling BRC-20 tokens on UniSat Wallet:

1. Log in to your UniSat Wallet account and access the UniSat Marketplace.
2. Select the desired BRC-20 token and review available offers, ensuring to consider the current market price.
3. Click “Buy” and confirm the transaction using your wallet, conducting thorough research on projects before investing.
4. To sell your BRC-20 tokens, make them transferable by clicking “My Assets” and selecting “Inscribe Transfer.” Once listed, set the selling price and quantity, aligning with the market.

In Conclusion:

Congratulations on completing Part I of our BTC Summer Guide, where we explored UniSat Wallet and the world of BRC-20 tokens. Stay tuned for upcoming threads where we will share valuable insights to help you gain an edge in the market. Remember, always conduct thorough research and prioritize major projects like Ordi, Pepe, Moon, or Meme to mitigate risks in this rapidly expanding landscape.

Also red, Exploring Bitcoin NFTs, Ordinals, & BRC-20: Hype Beyond Memecoin Mania

Look out for Part 2 with curated research on recommended picks and BTC summary play in BRC-20 Tokens space.

Disclaimer: Please note that this is not a financial advice and we highly encourage you to conduct your own research before investing your funds in any of the strategies we will discuss. This series serves purely as an educational and motivational platform. The information provided does not serve as investment, financial, trading, or any form of advice and should not be considered as such. The views expressed are those of a third party and this platform does not endorse the buying, selling, or holding of any specific cryptocurrency or the making of any crypto investment. The cryptocurrency market is highly volatile and presents a significant risk, with many high-risk and unproven projects. To ensure informed investment decisions, readers should undertake their own research and seek advice from a professional financial advisor.

CEBIA NFTs Backed by Real World Assets That Earns Monthly Income!

💥First Time in Crypto -> “Own To Earn (O2E)” #CEBIANFT Is Launched.

⏩ Learn More About CEBIA NFT here

⏩ Limited Edition 424 FOUNDER NFTs Are Listed here

CEBIA NFT Is Real World Asset Baked With #DePIN (Decentralized Physical Infra Networks) That Earns Monthly Income From Revenue Share of Underlying Blockchain.

CEBIA NFT Is Building DePIN & Offers BIaaS (Blockchain Infra as a Service) to Blockchain Startups To Launch Decentralized Networks On-Demand.

Startups Own iNFT and Pay Utility Fees to Access DePIN in a BIaaS Model. Retailers Own NFT to Crowdfund Building & Scaling DePIN Fetching Monthly Income From Network Rewards as a Share of Blockchain Revenue.

✨A True WIN-WIN For Blockchain Startups & Retailers!

Grab The Limited Edition Retail Founder NFTs 👇

Have a Question? Schedule a CALL 📲