# SRC-20

### Important Links:

Twitter Thread:\
<https://twitter.com/Alpha_princess_/status/1664934012966801408>

### UPDATED PROTOCOL THREAD:

<https://twitter.com/OrdinalsGlobal_/status/1675265812364492802>

## Minting SRC20 Tokens

### Creating and Funding Your Wallet

1. Create and fund your wallet. Use [@hirowallet](https://twitter.com/hirowallet), but if you can't set up custom gas there, make use of [@FreeWallet](https://twitter.com/FreeWallet).

### Minting Process

2. Go to [crypt0biwan.github.io/src20/](http://crypt0biwan.github.io/src20/) and choose the ticker you want. Ensure the % isn't indicating that it's sold out.
3. Go to [stampchain.io/src20/](http://stampchain.io/src20/) and fill out all the fields. Let's use the RARE token (ID #7) as an example:
   * **Tick**: Copy the ticker of the selected token. For example: `RARE`
   * **Amount**: Copy from the Lim column. For example: `1000`
   * **Address**: It's crucial to copy your BTC Stamp address here.
4. Click on `QUOTE`, then `STAMP` and send the desired amount of BTC to the listed address using your wallet.
5. To see your token, simply put your address [here](http://stampchain.io/index.html).

## SRC20 Tokens on Uniswap - An Explanation

Many people are puzzled as to how an SRC20 token can trade on Uniswap. The answer lies in a mechanism known as **wrapping**.

### Wrapped Kevin ($wKevin)

Wrapped Kevin ($wKevin) is an ERC-20 Ethereum token designed to bridge the gap between Kevin (an SRC20 token) and Ethereum.

### How it Works

* $wKevin is an ERC-20 token that represents Kevin on the Ethereum blockchain.
* This allows Kevin to be traded and used on Ethereum-based decentralized applications like Uniswap.
* It operates on a trust-based system, meaning specific entities have the authority to create and remove the cryptocurrency as needed for wrapping and unwrapping.
* The market price of $wKevin may differ from Kevin's price due to supply and demand factors, despite the wrapping/unwrapping process creating some correlation between them. This may present opportunities for arbitrage.
* $wKevin can be unwrapped for SRC-20 Kevin at a 1:1 ratio once transfers for SRC-20 are up and running.

## Conclusion

Currently, there are only 434 SRC-20 tokens, which is very small compared to BRC-20. Therefore, it's very early days. Among them, KEVIN could be a good buy considering it is the first SRC20 token.<br>


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