Benji Gogan • • Telegram
What is the BRC-20 token standard? (and 4 bots to help you profit!)
BRC-20, the hot standard for deploying tokens on Bitcoin
BRC-20 is the new token standard allowing users to mint, transfer and trade tokens on the Bitcoin network.
Currently this new token standard is a hot topic which is the subject of many heated exchanges between Bitcoin purists and those who support building and experimenting on the flagship crypto network.
While the debate about the inherent value and longevity of such tokens shows no sign of dying down, the BRC-20 markets continue to boom with a combined the market cap of all tokens amounting to an impressive $421m with 24h volume of $50m at time of writing.
To give some comparison to other nascent protocols, using net inflows as a (very) rough heuristic - it took Arbitrum 1 month, Polygon 6 months and Optimism 1 year to reach ~$400m worth of inflows.
Where can you trade BRC-20 tokens ?
The venues available for trading BRC-20 tokens continue to increase on what feels like a daily basis, here’s a few of our favourite picks of both DEX and CEX flavours.
DEX : Unisat
CEX : Gate.io
4 bots to make sure you don’t miss out !
Here are a few free to use, customisable bots which will empower you to capitalise on opportunities ⚡
Price Alert (up/down)
Get notified if a token moves +/- 5% within a specific timeframe
New All Time High Alert
Get notified when a token you're interested in breaks it's previous ATH !
Hourly/Daily/weekly digest - stay informed
Get a regular digest of the key stats from the assets you're watching
Regular % Price Change Updates
Receive regular price updates for tokens you're interested in.
Phew, you made it to the end of the article, thanks for reading !
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Passionate software engineer inspired by the potential of Web3 to transform the world for the better.