BRC20.com is 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 part of certain transactions) now have increased value over regular sats. This has created a market for these so-called “rare sats.”
The Rodarmor Rarity Index categorizes rare sats as follows:
Uncommon — The first satoshi of a block.
Black Uncommon — The last satoshi of a block.
Alpha — The first satoshi ending in at least 8 zeros.
Rare — The first satoshi of a difficulty adjustment period.
Black Rare — The last satoshi of an adjustment period.
Epic — The first satoshi of a halving epoch.
Black Epic — The last satoshi of a halving epoch.
Legendary — The first satoshi of a “cycle” (every six halvings).
Mythic — The unspendable first satoshi of the genesis block.
The Rare Sats Vault
The current rare sats market lacks liquidity and relies on platforms like Magic Eden. SVLT token represents a shift to add fungibility.
Rare sats will be contributed to a protocol-owned treasury, with a corresponding amount of SVLT added to circulation (1,000 SVLT per uncommon satoshi, more for rarer ones). Currently, 2,056,853 SVLT represents 25 uncommon and 1 rare satoshi.
Over the coming weeks, more rare sats will be added to the vault and SVLT liquidity seeded on Unisats and OKX.
Sats Hunting for .COM Holders
.COM holders can deposit their domains with UTXO Management to participate in the BRC20 Sats Hunting programme. An equivalent BTC value will be loaned against their .COM for use in Sats Hunting, allowing holders to earn SVLT yield representing the rare sats uncovered. Details on the programme launch are forthcoming.
