What Is Ordinals?

About Ordinals (ORDI)

Ordinals is a crypto blockchain-based concept providing a decentralized marketplace for non-fungible tokens and other digital assets. This project is designed to be a super user-friendly platform including an easy NFT creating program and a built-in wallet for holding your tokens. 

Ordinals aims to deliver an accessible service for trading digital assets via a decentralized and safe ecosystem. ORDI is an official and native token invented for simplifying the work within the whole platform. 

Where did Ordinals (ORDI) come from?

According to the profile on LinkedIn, the Ordinals project is originally from the UK. Unfortunately, there’s not so much information posted by the team yet, but considering that the project is young, we will get more details as it evolves. 

Ordinals gives a unique opportunity to write info such as illustrations, videos, audios and texts to Satoshis. The aim of the protocol is to inscribe data in the form of NFTs and other tokens on the BTC chain. 

What are the advantages of Ordinals (ORDI)?

1. Unique experience
   
   Ordinals allows the crypto community to invent new crypto cases while using the BTC chain. 
2. Gaining popularity
   
   ORDI is becoming more recognized in the crypto community, among the people who are interested to see more use cases of the Bitcoin protocol. If the team will manage with the further development, Ordinals might become a quite popular crypto project and take its place on the market.

What are the disadvantages of Ordinals (ORDI)?

1. Young project
   
   It is a new concept that needs more time to gain trust of the crypto enthusiasts. 
2. Competition
   
   Crypto market is full of different projects appearing every day. The competition is real, and not so many companies make it to the top. However, the quality and determination of the team may play a crucial role in the Ordinals’ future.

How to exchange Ordinals (ORDI) on SimpleSwap?

Want to exchange ORDI? SimpleSwap is at your service. Follow the short guide below:

1. Select ORDI, the crypto you would like to exchange. Enter the amount you want to swap.
2. Choose the crypto you would like to receive (e.g. Bitcoin) in the second drop-down list. You will see the estimated amount that you will get after the exchange.
3. Click the Exchange button.
4. Enter the Recipient's Address. BTC will be sent there. Please check that you entered the right address.
5. Create the exchange.
6. You will see the ORDI deposit address. You need to transfer the necessary amount of ORDI to this address to start the exchange. After that, wait for tokens to reach your wallet.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.