The live price of 3518 is $0.{10}8959 per (3518 / USD) today with a current market cap of $187,083.02 USD. The 24-hour trading volume is $14.49M USD. 3518 to USD price is updated in real time. It has a total supply of 2100.00T .
3518 is an inscription token issued on the Bitcoin blockchain based on the Ordinals protocol. With a total supply of 21 million bitcoins, each coin can be subdivided into 100 million satoshis (satoshi is the lowest denomination of a Bitcoin), amounting to a total of 2100 trillion satoshis. Inscriptions are created by using the Ordinals protocol to write content to each satoshi. The ordinals protocol involves writing information to each satoshi, including text, pictures, audio, video, etc.
3518 TOKEN: What Is It and How Does It Work?
3518 - An Overview
On the 18th of May, 2023, a new token called 3518 was introduced. This token is a part of the Ordinals project, which features a range of meme tokens that draw inspiration from both numbers and animals.
The 3518 token features a total supply of 2,100 trillion and is associated with a significant number of storage addresses and transactions. Its 100 percent mintable design makes it an appealing choice for those interested in meme tokens, particularly for trading and investment purposes. Despite its playful nature, the 3518 token has demonstrated remarkable price increases and an expanding community, indicating the diverse opportunities that the cryptocurrency world provides for both entertainment and profit. However, it's important to note that investing in 3518 tokens, like any investment in the volatile cryptocurrency market, comes with its own risks and benefits that need to be assessed thoroughly.
What Is BRC-20?
BRC-20 is a novel type of token standard that is constructed on the Bitcoin network through ordinals and inscriptions. You might recall the OnChain Monkey and Bitcoin Punks NFT collections on the Bitcoin network that caused a commotion in the crypto sphere in early 2023, but their popularity soon declined as they were easy to replicate and suffered from decreasing demand.
Nevertheless, the BRC-20 token is unlike any other. It is a fresh approach to producing tokens on the Bitcoin network that is sure to attract the attention of the crypto community. BRC-20 tokens are mainly designed to function similarly to ERC-20 tokens, which are employed on the Ethereum network.
Read more: What is the BRC-20 Token Standard?
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The BRC-20 inscription tokens 3518 are tokens based on the Ordinals protocol and inscribed on the Bitcoin network. To purchase 3518, you need a crypto wallet that supports the Bitcoin network. For instance, you can purchase 3518 on the marketplace within these Bitcoin wallets at unisat.io/market/brc20?tick=3518 or ordinalswallet.com/brc20/3518. However, it's important to note that you will need to buy BTC and deposit it into these Bitcoin wallets first before you can acquire these BRC-20 tokens.
Some of the major BRC-20 inscription tokens, including $ORDI, $SATS, $RATS, $VMPX, $PEPE, $BIP, are currently listed on Bitget, where you can purchase them.
You can inscribe various types of Bitcoin inscription tokens, including Bitcoin NFT, BRC-20, and more, at web3.bitget.com, unisat.io/inscribe, ordinalswallet.com/inscribe, idclub.io/brc20 or looksordinal.com. The process for inscribing BRC-20 inscription tokens is as follows:
1. First, you need to buy BTC and deposit the acquired BTC in your Bitcoin Wallet.
2. Then, open the inscription feature module on these platforms in your browser and select the BRC-20 type.
3. You can click the search icon and select BRC-20 to view a list of Bitcoin-based inscription tokens.
4. Select an inscription token currently being distributed and participate in the minting process.
5. Select how many times you want to mint this token inscription. With each minting, you will receive a specific number of tokens. For example, with 5 times of minting, you will get five times that specific number of tokens.
6. Enter the gas fee amount. Keep in mind that a higher gas fee will result in a faster transaction processing time.
7. Minting is complete. You can now view the inscribed tokens in the My Inscription section on the Profile page of these minting platforms, or all the inscription tokens on your Bitget Wallet.