How does this ordinals minting work exactly?

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How does this ordinals minting work exactly?

Checking the block explorer and I see people paying crazy amounts to mint their ordinals. Like one guy paid $500 and he minted 10000 amount of ORDI.

Right now ORDI is $50. So he got $500,000 worth of ORDI just for spending $500 in mining fees? It can’t be right.

I am completely new to this Bitmap, Ordinals thing. Can someone explain how it works?

Kevin Sung Answered question May 20, 2024
0

There are dedicated websites that make Ordinals inscriptions easy without having much technical knowledge. There is usually an interface with the option to mint BRC-20, add text, or attach an image to your transaction.

Kevin Sung Answered question May 20, 2024
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