Since 2022, the narrative of the entire encryption industry has gradually entered a flat period. There is no "burst point" to get rich like DeFi in 20 years and GameFi in 21 years. The valuation of tens of billions will become a capital intermediary in 2022. The arena of the game. The popular BRC20 track of Ordinals is actually an industry innovation. There is no smart contract but the blessing of the Bitcoin consensus. Although the market gradually has different voices for this new track, the forward-looking market strategic vision of Bihui Exchange still perceives the current needs of crypto investors for the BRC20 track.
Compared with multiple interactions on different BRC20 tools, the launch of the CEX encrypted asset trading platform of the BiFinance exchange type can bring better liquidity to the BRC20 project. And compared to ERC20, do the application first, and then issue the order of TOKEN. In the sluggish market trading environment, BRC20 follows the path of community consensus, and then expands the application and ecology. Admittedly, this has also spawned some scams. But for retail investors and new crypto asset investors, the market needs such a new narrative to make efforts, so that retail investors can gain opportunities to deploy and participate, instead of staying on the sidelines of watching the game between capital institutions.
As a new narrative, BRC20 has a higher threshold for ordinary users to participate. Different from old players who are proficient in using wallets and know how to pay attention to various BRC communities for interactive "ticketing" (mint BRC NFT) to obtain income, the minimum threshold for new users to participate is to make arrangements in advance, and to reap the rising profits by holding this track TOKEN Bonus, this is an urgent need for ordinary users.
BiFinance has insight into opportunities and always considers from the standpoint of crypto investors. It has become the first centralized encrypted asset trading platform to open the BRC20 track, providing convenient, stable and secure encrypted asset services for millions of users around the world. In the future, Bihui Exchange will continue to launch more BRC20 popular currencies to provide users with more choices of high-quality targets.
BiFinance Team
June 5, 2023
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