A new token standard called BRC-20 is shaking up the Bitcoin ecosystem.
Taking inspiration from Ethereum’s ERC-20, this standard allows fungible tokens to be created natively on the Bitcoin blockchain – no smart contracts are required.
As the buzz around BRC-20 continues growing, let’s explore five of the most exciting tokens investors should consider in this experimental space.
1. 99Bitcoins Token (99BTC)
When it comes to BRC-20 tokens attracting attention, few can match the hype around 99Bitcoins Token (99BTC).
This new crypto is the flagship offering from the 99Bitcoins platform, which has provided trusted educational resources to crypto investors since 2013.
In simple terms, 99BTC represents a new take on engaging users and incentivizing learning.
Through its “Learn-to-Earn” model, users are rewarded for consuming 99Bitcoins’ educational content on things like blockchain tech, Bitcoin, and other crypto concepts.
It’s a form of gamification that the developers hope will onboard the next wave of Web3 users.
Although not yet available on the open market, early investors can buy 99BTC tokens through the ongoing presale phase.
This presale has raised over $190,000 in three days – with tokens on offer at the discounted rate of $0.001.
Boasting a following of over 700,000 people on YouTube, which could represent a huge potential user base, 99BTC looks positioned as one of the most widely practical BRC-20 tokens to launch this year.
Visit 99Bitcoins Token Presale
2. Ordi (ORDI)
No discussion of the best BRC-20 tokens would be complete without mentioning Ordi (ORDI) – the first crypto created using Bitcoin’s Ordinals protocol.
Since its launch in March 2023, ORDI has taken the crypto market by storm.
The token achieved a whopping $1 billion market cap within just eight months, showcasing the immense demand for Bitcoin-based tokenization.
However, ORDI’s price action has been equally impressive.
After trading sideways for a few months after listing on exchanges in May, the token experienced an explosive rally – peaking at $66 in December 2023 before cooling off.
ORDI rallied again in March, reaching a new all-time high of $73.
So, love it or hate it, ORDI is one of the most liquid tokens that use the BRC-20 standard – and will likely remain closely watched going forward.
3. Rats (RATS)
Don’t let the silly name fool you – Rats (RATS) is a BRC-20 meme coin taking Bitcoin’s Ordinals ecosystem by storm.
Launched in March 2023 with a 1 trillion total supply, RATS has already expanded beyond just meme status.
The token is now integrated with the GameFi platform AssetClub, where serves as an in-game currency that players can earn and spend on items and resources.
This utility showcases how even meme tokens can find practical use cases on Bitcoin.
While still primarily driven by speculative hype within its community, RATS’ ambitious roadmap could give it more lasting power than the average meme coin.
As Bitcoin’s Ordinals ecosystem continues to grow, RATS is certainly one meme-based token to keep an eye on.
4. Ordiswap (ORDS)
Ordiswap (ORDS) is making a name for itself as one of the first DEXs built directly on Bitcoin’s base layer using the BRC-20 standard.
This protocol aims to unlock billions in liquidity by facilitating token swaps without relying on smart contracts.
The ORDS token plays a key role, operating across Bitcoin and Ethereum to enable governance and incentivize liquidity providers.
With a maximum supply of 1 billion tokens, ORDS could become a key component of Bitcoin’s growing DeFi ecosystem.
Already listed on major CEXs like Gate.io and HTX, the token has drawn interest from investors looking to get in early on BRC-20’s potential.
And with the token’s market cap still just $41 million, ORDS has plenty of room to grow – and potentially be one of 2024’s breakout BRC-20 coins.
5. Multibit (MUBI)
Rounding off our list of the best BRC-20 tokens to buy now is Multibit (MUBI), one of the first major bridging protocols in Bitcoin’s Ordinals ecosystem.
This innovative DeFi app allows users to quickly transfer BRC-20 tokens between Bitcoin and Ethereum Virtual Machine (EVM) compatible networks, like Ethereum itself.
Multibit’s native MUBI token plays a vital role in the protocol.
It incentivizes liquidity provision through staking rewards while fueling the protocol’s exchange functionalities.
MUBI has also attracted attention from speculative investors looking to benefit from cross-chain integration.
So, as the biggest multi-network bridge, Multibit could be a crucial component of Bitcoin’s tokenized ecosystem in the months and years ahead.
