.COM Project Overview
The team from BRC20.com recently launched the .COM token which rapidly grew in popularity to become one of the leading BRC20 tokens. Today we will take a look at the plans for the .COM token and how BRC20.com intends to become the leading infrastructure provider for DeFi on Bitcoin.
.COM Tokenomics
The .COM token was a “fair launch” mechanic, whereby it was minted on the Bitcoin network on the Unisats marketplace. The mint was not gated in any way and was open for the public, costing only gas on the Bitcoin network.
Since then and as of the time of writing, the .COM token has grown to more than 300 holders and more than $5m in market cap. The token can currently be traded on a number of marketplaces on the Bitcoin network, including Unisats and OKX BRC20 marketplaces.
In the future, the .COM token will have utility throughout the BRC20.com ecosystem, including as part of the staking platform outlined below and sharing in fee revenue from other products launched by the BRC20.com team, such as marketplace fees.
BRC20.com Dashboard
As announced last week, the team behind BRC20.com made a record breaking purchase of the domain on the Bitcoin network, becoming the largest sale of an inscription to date. Since the purchase, the team have already released a Coingecko style platform where users are able to track the top BRC20 tokens, gain insights into trending tokens and ordinals mints and learn about the BRC20 ecosystem using the Wiki.
Staking Platform
Next in the pipeline for the team is the .COM staking platform. Here, users will be able to stake their .COM tokens using our gasless staking infrastructure in order to participate in initial farming offerings (IFOs) for upcoming BRC20 projects or participate in raffle drops for upcoming ordinals projects.
The BRC20.com team have already been hard at work building out partnerships with upcoming projects and will shortly be announcing our first IFO campaign, bringing the first staking opportunity to .COM holders.
Super App
Once the staking platform is live, we will be shifting our development resources fully to the BRC20.com Super App which intends to become the one-stop shop for all things BRC20. The app will allow seamless bridging between Bitcoin and other networks, keyless wallet creation for simplified user onboarding and inbuilt DeFi features such as staking and swapping as well as powerful discovery tools utilising the BRC20.com API.
The initial release for the Super App in the App Store and Google Playstore is scheduled for Q1 2024.
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These initial features will allow .COM and the BRC20.com ecosystem to become the market leaders in BRC20 infrastructure and will mark the dawn of a new age for DeFi on Bitcoin. Rest assured, the team has plenty more in store down the road to become a world class platform for our users.