Unlocking DRC-20’s Potential: A Crypto Game-Changer
Discover the revolutionary DRC-20 token standard and its impact on the crypto sphere. Learn how to mint tokens practically for free. Join us on this exciting journey!
Welcome to an exciting time in the cryptocurrency world! If you’re a fan of cryptocurrencies, we have some exciting news: DRC-20 tokens on the Dogecoin network have arrived and are ready to make a big impact on the market.
For those who may not be familiar with token standards, this new addition offers great opportunities for early investors. In this blog post, we’ll explain the ins and outs of this new token standard in simple terms.
Whether you’re an experienced crypto enthusiast or a newcomer to digital assets, understanding DRC-20 tokens is important. In this article, we’ll explore why DRC-20 is gaining attention in the crypto community.
And if that hasn’t grabbed your attention yet, we have a little secret to share: an easy way to create DRC-20 tokens at a minimal cost!
How to Create DRC-20 Tokens? If you believe that the benefits of DRC-20 tokens are worth exploring and you’re ready to start, let’s go through the process of setting up your Dogecoin wallet and getting into DRC-20 tokens.
- Wallet Setup: To kickstart your DRC-20 journey, the first step is to create your own ÐPAL Wallet, specially designed for Dogecoin ordinals. Let’s walk through the process step by step:
Browse and go to the official ÐPAL Wallet website.
Once you are on the website, locate the option to install the wallet extension for Chrome. Click on it to proceed.
A new tab will open, presenting you with the option to “Add to Chrome.” Click on it and confirm your selection by clicking “Add Extension” on the pop-up that appears.
After successfully downloading the extension, a new page will open, indicating that you are ready to create your new wallet. Look for the “Create New Wallet” button and click on it.
Now, it’s time to select a password for your wallet. Enter your desired password in both provided sections and choose “Create Password.”
As an additional security measure, ÐPAL Wallet generates a backup mnemonic for you. This mnemonic is crucial for easily backing up and restoring your account. To view your mnemonic, click on “Click and Show.” Remember to record and store this mnemonic in a secure place.
Once you have safely recorded your mnemonic, click on “Next” to proceed.
To verify that you have accurately recorded your mnemonic, you will be prompted to enter it. Carefully enter your mnemonic in the provided space and select “Confirm.”
If you have entered the mnemonic correctly, you will receive a congratulatory message indicating the successful completion of wallet setup. This confirms that your wallet has been created successfully, and you are ready to explore the world of DRC-20.
2. Generating DRC-20 Tokens
Now, let’s assume that you have deposited a sufficient amount of $DOGE from your preferred cryptocurrency exchange (CEX) into your DPAL Wallet. Even a small amount like 5–10 DOGE will suffice, as transaction fees are exceptionally low.
With enough DOGE in your wallet to cover the gas fee, let’s proceed with the following steps:
Click on your DPAL Wallet extension and enter your password to unlock the wallet.
On the top right corner, click on the wallet icon to access the wallet settings.
From the drop-down menu, select “Ordinals” and then choose “Mint Ordinals” (Experimental).
You will see a text box labeled “Inscribe Inscriptions.” Here, you need to input your desired inscriptions for the DRC-20 tokens. We have provided a list of inscriptions later in this article.
Once you have entered the inscriptions, click on the “Inscribe” button.
By following these steps, you initiate the process of generating DRC-20 tokens based on the provided inscriptions. It’s important to note that this feature is experimental, so exercise caution and ensure you understand the associated risks.
Inscriptions:
Here are few sample inscriptions that you can perform using the DRC-20 minting process:
shib-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “shib”, “amt”: “100” }
elon-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “elon”, “amt”: “1000” }
pepe-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “pepe”, “amt”: “10000” }
ordi-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “ordi”, “amt”: “1000” }
mars-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “mars”, “amt”: “1000” }
dogewow-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “dogewow”, “amt”: “100” }
piza : { “p”: “drc-20”, “op”: “mint”, “tick”: “piza”, “amt”: “1000” }
musk : { “p”: “drc-20”, “op”: “mint”, “tick”: “musk”,”amt”: “10000000” }
mldy : { “p”: “drc-20”, “op”: “mint”, “tick”: “mldy”, “amt”: “1” }
shiba-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “shiba”, “amt”: “10000” }
meme-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “meme”, “amt”: “1” }
punk-
{ “p”: “drc-20”, “op”: “mint”, “tick”: “punk”, “amt”: “1000”}
In Summary:
Take a step forward into the crypto world and start an exciting journey with DRC-20. Embrace the potential of this revolutionary token standard and position yourself at the forefront of the industry. This is your opportunity to explore the countless possibilities that DRC-20 presents. Join us in shaping the future of cryptocurrency.
That’s a wrap! If you love what you read don’t forget to clap, comment and follow for more. A small gesture of token appreciation: You can also buy me a coffee here. Thank you :)
