The company’s blog reports that once the BRC-30 standard is implemented, users will be able to use BRC-20 and BTC tokens for stacking. Users will be rewarded with BRC-30 standard tokens for steaking:
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“BRC-30 tokens are an extension of the functionality of BRC-20 tokens with the added description of the staking protocol. BRC-20 holders can use their digital assets to generate passive income. You don’t have to sell them, but you can actively participate in the Bitcoin network and increase the potential value of your tokens.
OKX representatives assure that stacking will be able to encourage BRC-20 owners to hold assets and make money from them. That is the pressure of sellers in the market will be reduced, and the ecosystem of tokens based on the network of the first cryptocurrency will be more stable.
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“The stacking mechanism introduces a new dimension to the BRC-20 token ecosystem. It should promote fuller user participation and a stronger connection between token holders and the blockchain itself,” the creators of the standard argue.
Recently it was reported that the number of NFTs based on Bitcoin Ordinals and BRC-20 tokens in the bitcoin network exceeded 10 million. More than 200,000 tokens are issued daily.