Introducing the Rare Sats Vault

BRC20.com are pleased to announce the launch of the rare sats vault - an innovative product designed to bring liquidity and fungibility to the rare sats market.

What are rare sats?

Bitcoin is denominated in satoshis, but with the rising popularity of ordinals, certain satoshis (which were a part of certain transactions) are now deemed to be more valuable than others. This has created a market for these so-called “rare sats”. How rare a sat is can be defined by specific characteristics of the transactions they were used in.

The Rodarmor Rarity Index breaks down the rarity of different sats and divides them as follows:

‍Uncommon - the first sat of a block.

‍Black Uncommon - the last satoshi of a block.

Alpha - the first sat in a bitcoin. End in at least 8 zeros.

‍Rare - the first sat of a difficulty adjustment period. 

Black Rare - the last satoshi of a adjustment period.

Epic - the first sat of a halving epoch

Black Epic - the last sat of a halving epoch.

Legendary - the first sat of a "cycle" (every six halvings when the halving and the difficulty adjustment coincide). 

Mythic - the first sat of the genesis block (it is unspendable and unattainable, as Satoshi made the first block unspendable).

The Rare Sats Vault

The current market for rare sats is illiquid and relies on markets such as Magic Eden to gain exposure to individual sats. SVLT token is a paradigm shift to bring fungibility to the rare sats market.

With custody of the vault treasury to be provided by our institutional partner, UTXO Management, rare sats (for SVLT, uncommon sats, rare sats, epic sats and legendary sats) will be contributed to the protocol owned treasury and a corresponding amount of SVLT will be added to the circulating supply, representing the corresponding rarity of the sats contributed. An uncommon sat is represented by 1,000 SVLT, with the other sats to be proportionately represented based on the total theoretical supply of all rare sats.

Currently there are 2,056,853 SVLT in circulation, representing the treasury of 25 uncommon and 1 rare sat. in the coming days, liquidity for SVLT will be seeded on Unisats and OKX marketplaces, with additional rare sats to be contributed to the vault over the coming weeks.

‍Sats Hunting for .COM Holders

So what does this mean for .COM holders? Well, we have partnered with our investors and institutional partners to bring a unique opportunity to .COM holders. Through the upcoming BRC20.com Sats Hunting programme, .COM holders will be able to deposit .COM to the Sats Hunting operation (custodied by UTXO Management), where we have arranged for an equivalent value of BTC to be loaned against the .COM and utilised in the Sats Hunting operation.

This will allow .COM holders to earn ongoing yield on their .COM in the form of SVLT tokens, representing the underlying treasury of rare sats farmed in the Sats Hunting operation. Further information on this programme as well as the launch of the Sats Hunting programme will be released in the near future!

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