OKX has introduced the Ordinals Launchpad, a new platform designed to help creators seamlessly launch and inscribe their projects directly on the Bitcoin blockchain.
The platform equips creators with essential tools, visibility, and technical support to streamline the Bitcoin inscription process.
The Ordinals Launchpad platform is now accessible via web and mobile devices, enabling users to launch and trade collections seamlessly. Sales proceeds are sent directly to creators’ wallets through secure on-chain settlements. The Launchpad applies a 2.5% launch fee and offers zero trading fees for collectors on its marketplace. Creators can also list their collections on other significant marketplaces after minting.
OKX utilizes its “SelfScribe” technology, allowing collectors to inscribe directly on-chain during minting. This innovation eliminates pre-inscription requirements and ensures creators maintain full self-custody of their collections. The exchange emphasizes that creators have “complete control” over the pricing and distribution of their collections, with customizable minting options such as allowlists and public sales.
The firm stated that the first collection to debut on Ordinals Launchpad is “Geminions” by JRNE, a Web3 jewellery brand pioneering NFC-enabled authentication on Bitcoin. Additionally, they noted that trading volume for Ordinals, Runes, and BRC-20 collections on its platform has surged by 50% since November, reflecting growing market demand.
This comes after OKX recently announced the launch of USDT-margined perpetual futures for two new tokens: Virtual Protocol’s token (VIRTUAL) and the Tron-based meme coin SUNDOG. Trading for these tokens will begin on December 11, 2024. The VIRTUAL/USDT contract will open at 10:00 UTC, followed by the SUNDOG/USDT contract at 10:15 UTC. Traders will have leverage options ranging from 0.01x to 50x, with a funding fee of ±1.50% that will be recalculated every four hours. The initial fee will be capped at 0.03% to ensure stable trading until 16:00 UTC. Both contracts will have a tick size of 0.0001.
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