In the past, it was hard for people to store digital files like images or text on the Bitcoin blockchain. To do it, users needed advanced technical skills—like setting up a full Bitcoin node and accessing complicated tools like the Ordinals index. Because of these challenges, it was difficult for artists, collectors, and beginners to join this new trend.
OrdinalsBot has changed all of that! It made it much easier for anyone to store their digital content on Bitcoin without needing any technical knowledge. This shift opened doors for many people to join the growing world of Ordinals and create or trade digital assets effortlessly.
This article will explain how OrdinalsBot works, its goals, key features, and the importance of its token, TRIO.
The Vision of OrdinalsBot: Making Bitcoin Simple for Everyone
OrdinalsBot aims to remove the difficulties people face when working with Bitcoin. Bitcoin is known for its strong security, decentralized system, and permanence. However, these benefits were hard to access for everyday users.
OrdinalsBot’s goal is to make Bitcoin-based digital assets more accessible by offering simple tools, easy-to-use APIs, and partnerships with experts. They want to build a thriving community of developers, artists, and collectors.
Launched in February 2023, OrdinalsBot came into the scene soon after the launch of the Ordinals protocol. This was 13 years after Bitcoin’s creator, Satoshi Nakamoto, first imagined the idea of using Bitcoin to buy and trade art.
What is the Inscription Tool?
OrdinalsBot allows users to write information, such as text, images, videos, and sounds, directly onto satoshis—the smallest unit of Bitcoin. This process is called inscription. Unlike some other NFTs, which rely on external storage that could be lost or altered, inscriptions on Bitcoin are permanent and unchangeable because they are stored directly on the blockchain.
This tool has made it simple for everyone to add digital content to Bitcoin with just a few clicks. This ease of use has attracted many new users to the Ordinals space.
Big Collaborations and Achievements
In February 2023, OrdinalsBot partnered with Marathon Digital Holdings to inscribe a huge 4 MB file, known as Runestone, on the Bitcoin blockchain. At the time, this was the largest inscription ever made, capturing the attention of the Bitcoin and crypto communities.
OrdinalsBot has also gained $4.5 million in investments from well-known firms like DACM, Eden Block, Kestrel0x1, and UTXO Management. Partnerships with major industry figures, like Domo, the creator of the BRC-20 token standard, have helped OrdinalsBot grow even more.
Recently, the launch of SHORT•THE•DOLLAR, a project on OrdinalsBot’s Runes launchpad, sold out within 24 hours!
OrdinalsBot’s Impact in the Bitcoin Ecosystem
Since its start, OrdinalsBot has helped over 110,000 Bitcoin wallets create and store inscriptions. Some of the most famous inscriptions in Bitcoin’s history, such as Bitcoin Punks, Runestones, and ORDI, were made using OrdinalsBot. In fact, ORDI became the first BRC-20 token to reach a market value of $1 billion!
OrdinalsBot has also attracted famous artists, like French Montana and Ghostface Killah from the Wu-Tang Clan, who used the platform to create digital art on Bitcoin.
In partnership with Helio, OrdinalsBot recently added support for $SOL payments. This means users can now use Solana-based tokens to pay for inscriptions, making it one of the first platforms to accept these payments.
The Team Behind OrdinalsBot
OrdinalsBot was founded by four key members:
- Brian Laughlan: Co-founder from Zurich, with experience in web design and product management. He also created Satoshibles, a collection of 5,000 NFTs inspired by Satoshi Nakamoto.
- Toby Lewis: Head of Strategy at OrdinalsBot, with experience in investments. He founded MetaLink Capital and Novum Insights.
- Ordinarius: A mysterious developer and tech lead for the platform, bringing deep Bitcoin knowledge.
- David Henderson: The CFO of OrdinalsBot, managing the company’s finances. He also co-founded MetaLink Capital with Lewis.
Key Features of OrdinalsBot
- API Services:
Developers can use OrdinalsBot’s API to handle large amounts of inscriptions (up to 10,000 files at once). The API also allows projects to manage fees, create collections, and accept payments using Runes or BRC-20 tokens. - Launchpad for New Projects:
The platform offers an easy way for artists and developers to launch their projects, such as Bitcoin Punks and ORDI. The BRC-20 launchpad also helps teams customize their launches with whitelists, mint limits, and more. - Token Creation and Management:
OrdinalsBot enables users to create fungible tokens (like BRC-20 tokens) and manage them with tools like token gating, vesting schedules, and payment processing. - Payment Gateway:
OrdinalsBot accepts Bitcoin and Lightning Network payments. It allows businesses to process payments using any BRC-20 token, such as TRIO or Runes, making it a crypto-friendly payment gateway. - Trading and Marketplace:
OrdinalsBot is building a marketplace where users can trade both fungible and non-fungible tokens. The marketplace supports multiple protocols, providing more options for users to swap and trade assets. - Scribe:
Scribe is a blogging tool that lets users publish content directly on Bitcoin. Writers can store blogs, articles, or book chapters on the blockchain for permanent and secure access. - Ord.me Social Platform:
Ord.me is a social platform that helps users connect with others in the Ordinals community. People can showcase their Bitcoin-based collections and trade digital items in a user-friendly space.
Introduction to TRIO – The Native Token of OrdinalsBot
OrdinalsBot introduced TRIO, a BRC-20 token, to support the platform’s services and reward users. The total supply of TRIO is 21 million tokens, with each token equivalent to 1 satoshi (the smallest unit of Bitcoin).
- 38% of the tokens were given to the community through sales, airdrops, and rewards.
- 33.8% were allocated to the team, advisors, and investors, with a 19-month vesting period.
- 28.2% were reserved for the governance treasury, controlled by community votes.
TRIO holders can earn rewards, pay lower fees, and access special features on the platform. They also get to vote on governance decisions, helping guide the future of the project.
Future Potential of OrdinalsBot and TRIO
OrdinalsBot aims to keep innovating and expanding its services. In the future, the platform might integrate with Bitcoin Layer 2 solutions to offer advanced features like staking and improved governance.
TRIO, the native token, could play a major role in preventing scams and low-quality projects through community voting.
Conclusion
OrdinalsBot has made it easy for everyone to create, trade, and store digital assets on Bitcoin. With tools like its inscription service, launchpad, and marketplace, the platform has become a key player in the growing world of Ordinals.
As Bitcoin continues to evolve, OrdinalsBot is committed to bringing more innovations to the ecosystem. The future looks bright for both Bitcoin and Ordinals, with a thriving community of creators and users leading the way!