SRC-20
The SRC-20 protocol, developed by the Stacks ecosystem, is a new standard for managing tokens on the Bitcoin blockchain. It is based on the widely-used ERC-20 standard for token management on the ETH
Last updated
The SRC-20 protocol, developed by the Stacks ecosystem, is a new standard for managing tokens on the Bitcoin blockchain. It is based on the widely-used ERC-20 standard for token management on the ETH
Last updated
Twitter Thread:
Create and fund your wallet. Use , but if you can't set up custom gas there, make use of .
Go to and choose the ticker you want. Ensure the % isn't indicating that it's sold out.
Go to 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.
Click on QUOTE
, then STAMP
and send the desired amount of BTC to the listed address using your wallet.
To see your token, simply put your address .
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) is an ERC-20 Ethereum token designed to bridge the gap between Kevin (an SRC20 token) and Ethereum.
$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.
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.