OKX integrates Atomicals, Stamps, Bitcoin Runes and Doginals.

quick take

OKX leads the Web3 space by supporting new inscription token standards such as Atomicals (ARC-20), Stamps (SRC-20), Bitcoin Runes, and Doginals (DRC-20). These standards offer unique functionality and are integrated into OKX’s Web3 Wallet and Marketplace, providing commission-free trading options to millions of users. OKX’s advanced inscription tool aims to drive widespread adoption of inscription technology across major blockchains.

OKX introduces support for Atomicals (ARC-20), Stamps (SRC-20), Bitcoin Runes, and Dogecoin’s Doginals (DRC-20).

OKX announced support for four new inscription token standards on its platform. This development solidifies OKX’s position as a leader in the rapidly evolving world of inscription technologies within the Web3 ecosystem.

The four newly introduced token standards are: Atomicals (ARC-20), Stamps (SRC-20), Bitcoin Runes and Dogecoin’s Doginals (DRC-20). These standards will be integrated into OKX’s Web3 Wallet, and DRC-20, ARC-20, and Runes will also be available on the OKX Marketplace in the coming weeks. This strategic integration is set to establish OKX as the destination for all Inscription-related activities in the Web3 space.

Jason Lau, Chief Innovation Officer at OKX, said: It highlighted the company’s commitment to driving mainstream adoption of cutting-edge Web3 technology. “By enabling users to easily buy, sell, create and trade major token standards on one platform without transaction fees,” he said. OKX is simplifying access and removing barriers to enable users to explore and realize the potential of inscriptions.“

A closer look at the newly added listing criteria

Atomicals (ARC-20): ARC-20 introduces a groundbreaking fungible token standard to the Bitcoin blockchain. It uniquely utilizes satoshis, the smallest unit of Bitcoin, as the basis for token representation. This innovation ensures that all ARC-20 tokens inherently support Satoshi, providing native value and seamless integration with the Bitcoin infrastructure.

Stamp (SRC-20): Often referred to as “Bitcoin’s non-fungible token (NFT),” the SRC-20 token plays a pivotal role in the world of secure and tradable art. Similar to the BRC-20 standard, data can be inserted within Bitcoin transactions. However, Stamps offers a unique approach, taking inspiration from Counterparty and colored coins, making it a notable addition to the inscription environment.

Bitcoin Loon: Bitcoin Loon represents a simpler alternative to the experimental BRC-20 standard. Due to its efficiency, it quickly gained popularity and achieved a market capitalization of $1 billion in just three months. Rune is a fungible token issued directly on the Bitcoin blockchain, promising a simpler approach to handling fungible tokens on this platform.

Doginals (DRC-20): Tagged with DRC-20 tokens, Doginals are pieces of Dogecoin that carry rich data such as text or images. The Doginals protocol allows unique tagging of Dogecoin’s “Shibes”, creating valuable and unique assets. The term “Shibe” reflects Bitcoin’s “Satoshi” or “Sat” and the protocol number Shibes, which each provide a unique ID and track transactions.

OKX’s integration roadmap and advanced features

great has a comprehensive integration plan for these new token standards. SRC-20 integration will begin on February 5th, followed by ARC-20, DRC-20, and Runes at the end of February. The OKX Marketplace will integrate these standards over the same period, providing millions of users with the opportunity to engage in commission-free trading on these unwritten standards, thereby improving accessibility and liquidity.

Additionally, OKX’s inscription products feature advanced features such as hexadecimal error checking, support for multiple inscription standards, bulk inscription capabilities, and automatic error detection. These tools drive the adoption and growth of Web3 technology by empowering users across various blockchains. Jason Lau, OKX’s Chief Innovation Officer, highlights OKX’s commitment to simplifying access to inscriptions and removing barriers for users, making it easier for them to explore and leverage the potential of these technologies.

Overall, OKX’s announcement signals leadership in the Web3 Inscription ecosystem. OKX aims to drive the adoption and advancement of inscription technology across major blockchains by introducing four new token standards and a comprehensive integration plan.

Also Read: Bitcoin Ordinal Proves So Controversial That It Could Rip Bitcoin Industry In Two