Can THIS BRC-20 Crypto Token Make People Rich?

The Bitcoin ecosystem. If there’s one ecosystem that’s been on fire recently, 2 it’s the Bitcoin ecosystem. We first saw the Ordinals, followed by the SATS and RATS. However, there’s a new kid on the Bitcoin block. Those are the BRC-20 tokens.

So, if you want to find anything related to BRC-20 tokens, I have good news for you. There’s now a first all-in-one BRC-20 solution. It has plenty of features that make any venture into BRC-20 feel like a breeze. I’m talking about BRC20X, so let’s take a closer look at this platform.

What Is BRC20X?

You can find BRC20X on top of the BRC-20 Layer 2 chain. That’s where it found its home. As you may know, BRC-20 is built on top of Bitcoin. With this token standard, you create and transfer fungible tokens. Even better, you can inscribe these tokens. With these inscriptions, you can create non-fungible or unique tokens. This also means you need special Bitcoin wallets that can recognize a BRC-20 token. 

You don’t want to send a BRC-20 in a ‘normal’ transaction. For that, you have your standard SATs. Sats or Satoshis are the smallest part of a Bitcoin. Each Bitcoin has 100 million Satoshis.

Source: X

Now, BRC20X has plenty of features that give you access to everything BRC-20 related. It’s the first all-in-one BRC-20 solution. I will cover a few features a bit more in-depth later. So, some of these features include, for example:

  • X Cross-Chain Bridge Bridge BRC-20 tokens to EVM chains and Solana. 
  • X Virtual Debit Cards The name says it all.
  • Metal Debit Card A physical version of their debit card. This will soon be available as a metal version.
  • X Wallet — This wallet app is launching soon. It gives access to the various BRC20X platform tools.
  • BRC-20 Fiat On- and Off-Ramp — Buy and cash out your BRC-20 and EVM tokens. 
  • Token revenue — Stake your $BRCX tokens. As a reward, you receive 50% of the platform’s revenue as $BRCX tokens.
  • BRC20X Staking Pools — Currently, this has a 67% APY. Remember, you also receive your 50% revenue share.

So, as you can see, a real all-in-one solution for BRC-20 tokens. There are even more features announced in their roadmap. However, first, let’s take a closer look at some of their features.

X Cross-Chain Bridge

The X Cross-Chain Bridge is an important tool in the BRC20X ecosystem. It allows for secure transactions between various chains. It currently allows for transactions between 11 chains:

  • ORDI.
  • SATS.
  • TRAC.
  • BTC.
  • SOL.
  • ETH.
  • BNB.
  • MATIC.
  • FTM.
  • AVAX.
  • bETH (Blast)

Source: X

So, its key features and benefits are:

  • Broad blockchain compatibility — as shown above.
  • Reliable security protocols — The bridge underwent meticulous testing and had audits. That’s why it’s a safe and reliable bridge option.
  • Seamless asset movement — Transferring assets between chains is easy and straightforward. This gives access to a wide variety of digital assets and ecosystems.

This bridge flawlessly integrates into the BRC20X ecosystem. It enhances the various services and features of this ecosystem. For example, with the X Wallet, which I will discuss shortly.

The X Cross-Chain Bridge is also instrumental in expanding crypto in general. It allows us to profit from opportunities in other networks. With its interoperability, it strengthens a more dynamic blockchain environment. The bridge also makes moving assets around easy. There’s no more need for various platforms. All connected chains are compatible by default, so there’s no reason to worry about that.

Transactions take around 5 to 15 minutes, depending on which chains you use. For a Bitcoin platform, that’s some nice speed.

X Virtual Debit Cards

BRC20X also allows you to order and use their debit cards. Currently, the protocol offers a Master Card. This MasterCard is not for use in the USA. Nonetheless, it allows you to pay with five different crypto assets: ORDI, SATS, TRAC, BTC, and ETH.

You can pay with your crypto on the go. For many people, this is a great solution. This can be an excellent way to spend your crypto on everything you can pay with a debit card. For example, your everyday shopping. It all depends on which country you live in and how easy it is to get a debit card there. Let alone, a card that allows you to use crypto.

BRC-20

Source: X

The card is available in various denominations. This can accommodate your spending needs. Currently, you can get cards in amounts of $50, $150, $250, $500, or $1000. This offers a convenient payment option. You don’t have to convert your crypto to fiat first.  However, be aware that cards are not refundable or transferable. On the other hand, it does allow you to pick a card that suits your needs, since the cards range between $50 and $1000.

Like the bridge, the cards are also fully integrated into the BRC20X ecosystem. This makes for a great user experience. Soon, there will also be metal and plastic versions of the card available.

X Wallet

The X Wallet is also an integral part of the BRC20X ecosystem. However, it’s still in the pipeline. Its launch should be in Q2-2024. This wallet also has a unique feature. It’s the only wallet in the whole wide world that offers revenue sharing to its users. Furthermore, it offers,  among others:

  • Secure storage — for all your BRC-20 tokens.
  • Revenue sharing for token holders — as mentioned a moment ago.
  • Enhanced security protocols — it uses state-of-the-art security protocols.
  • Easy access — available as a browser extension for Google Chrome.

BRC-20

Source: Docs

So, what do you think of the BRC20X all-in-one solution for everything BRC-20-related? Are you active in the Bitcoin ecosystem? If so, let me know what your favorite feature of BRC20X is.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by BRC20x. Copyright Altcoin Buzz Pte Ltd.

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