After a series of events commemorating Bitcoin’s Whitepaper Birthday, Bitget took another step to support the ecosystem by listing "SATS," a memecoin rooted in the Ordinals BRC-20 token standard. SATS is a token created on the Bitcoin network, bearing a special connection to the smallest unit of Bitcoin – SATOSHIS. The trading pair SATS/USDT available on Bitget offers traders a direct gateway to participate in the SATS market.
SATS, as a memecoin, has captured the imagination of the crypto community. It symbolises the playful yet innovative spirit that defines the cryptocurrency world. While its value might seem tiny, trading at just $0.00000012, the cumulative impact of SATS is far from trivial. With a diluted market capitalization of $270 million, this memecoin holds its own. But what truly distinguishes SATS is its connection to SATOSHIS, the fundamental building blocks of Bitcoin.
The listing of SATS on Bitget comes on the heels of a wave of memecoins gaining recognition and traction within the cryptocurrency space. This memecoin phenomenon is marked by the recent listing of "Ordi" by another crypto exchange Binance. As of November 2023, memecoins constitute a substantial portion of tokens created using the Ordinals protocol. Though their mechanisms differ, they are designated as BRC-20 tokens, a term analogous to the ERC-20 token standard on the Ethereum blockchain.
Bitget's listings of SATS pave the way for traders and investors to explore the fascinating world of memecoins, each rooted in the Ordinals protocol and the ethos of Bitcoin. This exciting development underscores the incredible creativity and versatility of the cryptocurrency world.
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