The live price of EFIL is $15.03 per (EFIL / USD) today with a current market cap of $174,143.68 USD. The 24-hour trading volume is $8.71M USD. EFIL to USD price is updated in real time. It has a total supply of 10,000 .
EFIL is an inscription token issued on the Bitcoin blockchain based on the Ordinals protocol. With a total supply of 21 million bitcoins, each coin can be subdivided into 100 million satoshis (satoshi is the lowest denomination of a Bitcoin), amounting to a total of 2100 trillion satoshis. Inscriptions are created by using the Ordinals protocol to write content to each satoshi. The ordinals protocol involves writing information to each satoshi, including text, pictures, audio, video, etc.
EFIL TOKEN: What Is It and How Does It Work?
EFIL - An Overview
EFIL represents a type of inscription token minted on the Bitcoin blockchain, leveraging the capabilities of the Ordinals protocol. The Bitcoin network, with its finite supply of 21 million bitcoins, allows for each bitcoin to be broken down into 100 million smaller units known as satoshis, the smallest Bitcoin denomination. This division results in a staggering 2.1 quadrillion satoshis in total. The process of inscriptions through the Ordinals protocol enables embedding diverse content types, such as text, images, audio, and video, into individual satoshis.
Boasting a capped supply of 10 million EFIL tokens, EFIL is crafted to be entirely mintable, enhancing its appeal as a viable asset for both trading and investment purposes, especially among enthusiasts of meme tokens.
What Is BRC-20?
BRC-20 introduces a novel token standard on the Bitcoin network, utilizing ordinals and inscriptions for its foundation. The buzz in the crypto community earlier in 2023, particularly around Bitcoin-based NFT collections like OnChain Monkey and Bitcoin Punks, showcased this new direction. However, the initial excitement for these projects waned as they faced challenges with replicability and declining interest over time.
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The BRC-20 inscription tokens EFIL are tokens based on the Ordinals protocol and inscribed on the Bitcoin network. To purchase EFIL, you need a crypto wallet that supports the Bitcoin network. For instance, you can purchase EFIL on the marketplace within these Bitcoin wallets at unisat.io/market/brc20?tick=EFIL or ordinalswallet.com/brc20/EFIL. However, it's important to note that you will need to buy BTC and deposit it into these Bitcoin wallets first before you can acquire these BRC-20 tokens.
Some of the major BRC-20 inscription tokens, including $ORDI, $SATS, $RATS, $VMPX, $PEPE, $BIP, are currently listed on Bitget, where you can purchase them.
You can inscribe various types of Bitcoin inscription tokens, including Bitcoin NFT, BRC-20, and more, at web3.bitget.com, unisat.io/inscribe, ordinalswallet.com/inscribe, idclub.io/brc20 or looksordinal.com. The process for inscribing BRC-20 inscription tokens is as follows:
1. First, you need to buy BTC and deposit the acquired BTC in your Bitcoin Wallet.
2. Then, open the inscription feature module on these platforms in your browser and select the BRC-20 type.
3. You can click the search icon and select BRC-20 to view a list of Bitcoin-based inscription tokens.
4. Select an inscription token currently being distributed and participate in the minting process.
5. Select how many times you want to mint this token inscription. With each minting, you will receive a specific number of tokens. For example, with 5 times of minting, you will get five times that specific number of tokens.
6. Enter the gas fee amount. Keep in mind that a higher gas fee will result in a faster transaction processing time.
7. Minting is complete. You can now view the inscribed tokens in the My Inscription section on the Profile page of these minting platforms, or all the inscription tokens on your Bitget Wallet.
