OKX, a prominent Web3 technology provider, has announced the integration of ORDI and SATS token support via the Merlin Chain network. This upgrade enables users to deposit and withdraw these tokens using Merlin Chain, offering greater flexibility and efficiency in managing digital assets.
Understanding ORDI and SATS Tokens
ORDI is the native token of the Ordinals protocol, which facilitates the creation of non-fungible tokens (NFTs) directly inscribed on the Bitcoin blockchain. Each ORDI token corresponds to a unique digital inscription, serving as a foundational asset within Bitcoin’s expanding NFT ecosystem.
SATS, on the other hand, represents Satoshis—the smallest unit of Bitcoin. One Bitcoin equals 100 million SATS. Using SATS allows for more precise and accessible fractional Bitcoin transactions, especially useful for micro-transactions and detailed portfolio management.
The Role of Merlin Chain
Merlin Chain is a Layer 1 blockchain designed to support scalable and efficient Web3 applications. It offers high transaction throughput, rapid confirmation times, and reduced network fees. These features make it an appealing infrastructure choice for exchanges, developers, and users seeking fast and affordable blockchain interactions.
By incorporating Merlin Chain, OKX enhances its network diversity, allowing smoother and more cost-effective movement of ORDI and SATS tokens.
Benefits for OKX Users
This integration brings several advantages:
- Multi-Network Access: Users can now move ORDI and SATS across supported networks with ease.
- Lower Transaction Costs: Merlin Chain’s efficient structure helps reduce fees for deposits and withdrawals.
- Faster Processing Times: Improved network performance means quicker transaction confirmations.
- Enhanced Trading Experience: Users gain more options for accessing and trading these tokens on OKX’s platform.
👉 Explore more trading strategies
This development is part of OKX’s ongoing effort to deliver a comprehensive and user-friendly Web3 experience. Supporting leading tokens across multiple blockchains reflects OKX’s commitment to interoperability and innovation.
Frequently Asked Questions
What is ORDI?
ORDI is the native token of the Bitcoin Ordinals protocol. It represents unique digital inscriptions or NFTs on the Bitcoin blockchain, allowing users to trade and own Bitcoin-based digital collectibles.
How do SATS relate to Bitcoin?
SATS are the smallest denomination of Bitcoin—1 BTC equals 100 million SATS. Using SATS enables finer control over Bitcoin transactions and is especially useful for small-value trades.
What is Merlin Chain?
Merlin Chain is a Layer 1 blockchain built for high-performance Web3 applications. It offers fast transaction speeds, high scalability, and low gas fees, making it suitable for token transfers and DeFi activities.
Why did OKX add support for Merlin Chain?
Integrating Merlin Chain provides OKX users with more efficient and affordable options for handling ORDI and SATS tokens, improving overall usability and cross-chain compatibility.
Can I use other networks for ORDI and SATS on OKX?
Yes, OKX continues to support multiple networks for token deposits and withdrawals. The addition of Merlin Chain offers another choice optimized for speed and cost.
Is there a fee for using Merlin Chain on OKX?
Standard network fees apply for transactions on Merlin Chain, but these are generally lower compared to many other blockchain networks.
OKX remains dedicated to supporting the latest advancements in the blockchain space. By integrating Merlin Chain, OKX not only improves token management for ORDI and SATS but also reinforces its role as a leading platform for Web3 financial services.