The live price of DRAG is $0.0006658 per (DRAG / USD) today with a current market cap of $140,737.56 USD. The 24-hour trading volume is $16.87M USD. DRAG to USD price is updated in real time. It has a total supply of 210.00M .
DRAG 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.
DRAG TOKEN: What Is It and How Does It Work?
What Is DRAG?
The DRAG token is a type of inscription that is issued on the Bitcoin blockchain using the Ordinals protocol. There are a total of 21 million bitcoins in circulation, and each coin can be divided into 100 million satoshis, which makes up a total of 2100 trillion satoshis. By utilizing the Ordinals protocol, inscriptions can be created by writing content to each satoshi, which can include text, pictures, audio, video, and more.
The DRAG token has a total supply of 210,000,000. It is designed as a 100 percent mintable token, which makes it an appealing option for trading and investment, particularly for those who are interested in meme tokens.
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What Is BRC-20?
In March 2023, a blockchain analyst named Domo created the BRC-20 token standard. The origin of these tokens, however, can be traced back to Bitcoin's Taproot upgrade in November 2021. This upgrade expanded the data capacity of Bitcoin blocks, which led to the development of the Bitcoin Ordinals protocol. This protocol made it possible to store information on individual satoshis.
By using this protocol, BRC-20 tokens can store JSON data and provide additional features such as token deployment, minting, and transfer on the Bitcoin network. This standard lets users create and transfer fungible tokens through the ordinals protocol.
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The BRC-20 inscription tokens DRAG are tokens based on the Ordinals protocol and inscribed on the Bitcoin network. To purchase DRAG, you need a crypto wallet that supports the Bitcoin network. For instance, you can purchase DRAG on the marketplace within these Bitcoin wallets at unisat.io/market/brc20?tick=DRAG or ordinalswallet.com/brc20/DRAG. 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.