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ligo price
ligo price

ligo price

$0.{5}1741
USD
BRC-20
Inscription starting number #45733545
View my BRC-20 tokens

Real-time summary of ligo price data

The live price of ligo is $0.{5}1741 per (ligo / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $76.30M USD. ligo to USD price is updated in real time. It has a total supply of 1000.00B .

ligo market data

Market cap
$0.00
All transactions
26,713

ligo price calculator

ligo
VectorImg
USD
1 ligo = 0.{5}1741 USD
Last updated on (UTC)

About ligo

ligo 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.

Ligo: What Is It and How Does It Work?

What Is Ligo?

Ligo is a Layer 2 scaling solution for the Bitcoin ecosystem. It stands out in the blockchain space for its compatibility with the Ethereum Virtual Machine (EVM), making it a bridge between Ethereum's smart contract capabilities and Bitcoin's robust Proof of Work (PoW) blockchain. This unique feature allows developers to seamlessly migrate Ethereum smart contracts to Bitcoin, thereby enriching the Bitcoin ecosystem with functionalities previously limited to Ethereum.

The Ligo project is deeply rooted in the Web3 paradigm, with operational bases in both the Bay Area, United States, and Singapore. It focuses on enhancing the Bitcoin ecosystem through various services, including incubation, investment, Initial Bitcoin Offering (IBO), listing, and liquidation. The project's commitment to the Bitcoin ecosystem is further emphasized by its substantial initial RD investment of US$13 million, which has led to the development of cross-chain infrastructure, swap applications, and wallet applications.

Resources

Whitepaper: https://drive.google.com/file/d/1tlP37IKE8vXwqC_Ej8zhxmZTVsPU_ySG/view

Official Website: https://ligo.network/

How Does Ligo Work?

Ligo operates as an EVM-compatible Bitcoin Layer 2 network, aiming to integrate contracts into the Bitcoin main network through inscriptions, with Ligo serving as the contract execution and verification layer. This integration allows for the optimization of Bitcoin investments, offering users faster transactions with higher throughput (TPS), lower transaction costs (e.g., reduced gas fees for minting BRC-20 tokens), and enhanced security leveraging Bitcoin's security mechanisms.

The network's economic model is experimental, focusing on building community enthusiasm, launching BTC Layer 2, and enhancing the liquidity of Bitcoin ecosystem assets. It employs a dual-token model centered around BRC-20 assets, with LIGO for governance and SATS for utility. This model aims to leverage the advantages of the BRC-20 token standard, which was created for the Bitcoin blockchain and supports the creation and transfer of fungible tokens via ordinal inscriptions.

To learn more about Bitcoin Ordinals, check out our article: What Are Bitcoin Ordinals? Everything You Need to Know About Bitcoin NFT.

What Is the Tokenomics of LIGO Token?

The LIGO token (LIGO) is a crucial component of the Ligo network, serving as a governance token. It grants holders voting rights, incentives, and staking rewards. The token was initially issued as 1 trillion tokens on the BRC-20 standard, distributed for free minting to gain community operational resources and enthusiasm. LIGO is designed to be deflationary, creating scarcity and value growth over time.

In contrast, SATS, the utility token of the Ligo network, is used for paying gas fees and enabling fast and cost-effective transactions on the Layer 2 network. It is designed to be abundant, inexpensive, and widely circulated, with its value backed by Bitcoin as an asset. The LIGO network's approach to tokenomics is innovative, setting LIGO as fixed and deflationary while SATS is dynamic and inflationary, adapting to the network's needs and usage. This dual-token model is integral to the network's strategy to enhance the liquidity and functionality of the Bitcoin ecosystem.

How to buy inscription ligo?

The BRC-20 inscription tokens ligo are tokens based on the Ordinals protocol and inscribed on the Bitcoin network. To purchase ligo, you need a crypto wallet that supports the Bitcoin network. For instance, you can purchase ligo on the marketplace within these Bitcoin wallets at unisat.io/market/brc20?tick=ligo or ordinalswallet.com/brc20/ligo. 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.

Can I purchase ligo inscription tokens on CEXs?

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.

How do I inscribe an inscription token like ligo?

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.

Top BRC-20 tokens

Inscription # 45733545 status

Inscription ID
ba5ed36117cb044135f6d480234653735607fcb59d35674a7c01a5af6efb20c7i0copy-inscriptionId
Deployed by
bc1qgfn7frhkhyzqus2l7wswe4z63chwdvf6waf6mkcopy-deployedBy
Deployment time
2023-12-03 15:55:07
Supply/Minted
1000.00B/1000.00B
Holders
13,361
Inscription starting number
#45733545copy-inscriptionStartingNo
Inscription ending number
#55437206copy-inscriptionEndingNo
Decimal
18
Limit per mint
1,000,000

ligo resources

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