How to issue assets on Bitcoin Layer 2 — BitRexe in 3 steps

Fair as Inscription, Programmable as ETH

BitRexe, the layer 2 network of Bitcoin, has officially First Class Assets (FCA). Anyone can mint FCA on BitRexe within 2 minutes and complete the design of basic parameters, including ticker, total supply, and whether to support token issuance from other smart contracts.

There are only 3 steps required from creating your first Bitcoin layer 2 network wallet, DIO Wallet, to completing the token minting. This will have a groundbreaking significance for the Bitcoin ecosystem, as it means that digital assets secured by Bitcoin will be brought into the crypto world for the first time.

Why create first-class assets on BitRexe?

Creating a First-Class Asset (FCA) on BitRexe offers several benefits:

1. Ease of creation: Anyone can mint FCA on BitRexe within 2 minutes and complete the design of basic parameters, including ticker, total supply, and whether to support token issuance1.
2. Integration with the Bitcoin ecosystem: FCA is a digital asset secured by Bitcoin, which brings it into the public eye for the first time1. This can have a groundbreaking significance for the Bitcoin ecosystem.
3. Flexibility in design: Users can customize the basic parameters of their FCA, such as ticker, total supply, and token issuance support1.
4. Earn Transaction Fee: BitRexe is highly scalable. While the dilemma of high-performance chains is: The higher the TPS, the lower the income. As for developers, the situation is even harsher. FCA enables BitRexe to better incentivize developers through Commission Fees (%of transition value).

What’s the difference between FCA and other tokens and crypto coins?

How to Create First-class Assets on BitRexe in 3 Steps

1st Step — — Download DIO wallet

Diowallet is a hot wallet crypto wallet available on multiple platforms, including app, web, and extension. You can use the DIO wallet to easily access web3 and decentralized d-apps on BitRexe.

If you have any questions or great advice on improving the user experience, please don’t hesitate to contact us on Discord.

2nd Step — — Peg-in Bitcoin to receive BRX as gas fees.

As the secondary of BRX is not yet opened, users can only acquire BRX as gas fee with 2 methods: first is to automatically receive 5 BRX when peg-in any amount of bitcoin to BitRexe as rxBTC.

The second is to burn part of rxBTC to get BRX at a certain exchange rate.

3rd Step — — Create a first-class token

3.1 In your DIO wallet, you should be able to find [create assets].

3.2 click [create token]

3.3 Fill the blanks:

Ticker: The name of your token(only capital letters);

Decimals: max decimals of the token;

Initial Supply: the initial supply of the token amount;

Top-up Amount: top-up BRX as further expense of the smart contracts;

After successfully creating first-class assets, you can view and monitor them on Dioscan, as shown below.

Notice: To be able to track your token’s balance, you must initiate at least one {Transfer} in the [token info].

After the transfer is successfully processed, you should be able to see the newly created token in your DIO wallet.

BitRexe: Make Bitcoin Liqudate Again