Gate.io: Announcement on Providing Infrastructural Solutions for Bitcoin BRC20/Ordinals Ecosystem
작성자 게이트아이오
조회수 29
작성일 23.05.11 11:56
[//]:content-type-MARKDOWN-DONOT-DELETE
Recently, the BRC20 token protocol based on the Bitcoin Ordinals protocol became a hot topic in the industry. BRC20 token information is stored directly on the Bitcoin blockchain through inscription, without any support of a Layer 2 network. Token mintage, transaction, and trade all rely on the Bitcoin network consensus. But with the limited Bitcoin capacity and its average TPS of 7, the network can not support the huge demand for BRC20. Currently, due to the demand for BRC20, the average transaction fee for a single transaction is over $20, causing a massive and serious blockage in the Bitcoin network. At the same time, minting BRC20 tokens with a centralized method requires high bars, which is bad for BRC20 ecosystem popularization and development. Gate.io, with its strong technology, is the biggest BRC20 trading platform, saving customers tens of millions of dollars of trading fees in just a couple of days. To elevate the BRC20 ecosystem experience, expand its community, and optimize high BRC20 fees and blockage problems, Gate.io will offer the following infrastructural solutions for Bitcoin BRC20/Ordinals ecosystem:
**BRC20 Token Wallet Service: **anyone can obtain a Bitcoin on-chain address for receiving BRC20 tokens from the Gate.io BTC deposit page.
**BRC20 Token Distribution Service:** Gate.io will offer free distribution service for the BRC20 ecosystem, with the purpose of network distribution cost reduction, fair and efficient token distribution, and sharing early returns of the BRC20 ecosystem for more customers. Project owners can contact us at listing@gate.io if interested.
**BRC20 Token Transaction Service:** Gate.io will provide convenience for projects evaluated by our team and recognized by the community, with a fair and strict attitude. Customers will enjoy a BRC20 token market with low cost and high liquidity. Projects will be evaluated on an independent basis, separated from the token distribution. The support for token distribution does not signal token listing.
**BRC20 Token Withdrawal Service: **Gate.io will soon open BRC20 token withdrawal service, anyone will be able to withdrawal their BRC20 assets on the platform from anywhere.
Gate.io is dedicated to greatly reducing the BRC20 token trading cost and bar of participation, solving the BTC network blockage, and contributing to the BRC20 ecosystem. All the infrastructure above will be provided to the BRC20 community for FREE. Let’s build a better BRC20 community together.
Please note that the BRC20 protocol and its ecosystem are still in their early stage, with very high risk and huge price fluctuation. Please do not participate without fully understanding the risk and your ability to undertake the risk. The risk nature is strongly noted, please proceed with caution with a full understanding of your risk-taking abilities.
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Gate.io Team
May 11th,2023
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