LISBON, PORTUGAL / ACCESSWIRE / May 22, 2023 / Grumpy, a new BRC-20 token on the Bitcoin network, aims to restore trust and attract investors to the blockchain. With Bitcoin's reputation as the OG cryptocurrency, Grumpy could spark a "Bitcoin summer."
Grumpy, symbolized as $GRUM, quickly gained momentum after launch. Over 50% of its 21 billion token supply was minted within hours, setting it apart from other BRC-20 tokens.
The token's success can be attributed to its fair launch process, allowing anyone to mint up to one million $GRUM tokens. This approach created an equal opportunity and fostered community trust.Grumpy's emergence on BRC-20 marks a potential turning point, aiming to restore confidence and attract investors. Leveraging Bitcoin's trust and the popularity of BRC-20 tokens, Grumpy bridges the gap between the blockchain and wider investment community.
The BRC-20 protocol builds on the concept of marking single satoshis with information, similar to Bitcoin Ordinals. But where Ordinals tag individual satoshis as NFTs, the BRC-20 protocol goes a step further by minting satoshis with information for cryptocurrency tokens.
The total market capitalization of BRC-20 tokens touched $1 billion in May 2023, signaling how they have captured the community's attention, with a wave of BRC-20 meme coins causing something of a frenzy within the space.
One token, in particular, seems to have captured the community's attention.
Grumpy: The ‘Bitcoin Cat'
Crypto Twitter has witnessed an avalanche of attention piling on meme coins, but a BRC-20 token called Grumpy has captured interest more than most.
The token aims to restore the glory of meme coins by launching on Bitcoin, the original blockchain network, and using a fair launch process that only allowed wallets to mint a maximum limit of one million $GRUM out of a total supply of 21 billion.
There were also no allocations, keeping a level playing field for all participants, which helped build the trust of the community during the launch process and, ultimately, helped $GRUM to mint out within 24 hours of launching.
The meme coin now sits in the top-25 most-held BRC-20 tokens just three days after deployment, with 1,703 unique wallets. And with its belief in the supremacy of Bitcoin, Grumpy hopes to lead investors beyond Ethereum by harnessing the memetic energy of Bitcoin.
BRC-20 Growth and the Road Ahead
Grumpy has enjoyed a meteoric rise in just shy of one week, with 8,400 members on Telegram and 11,900 followers on Twitter, establishing itself as one of the fastest-growing BRC-20 meme coins on Bitcoin.
In leading the wave of BRC-20 meme coins, Grumpy is cementing its potential for success, alongside that of other Bitcoin-based tokens. And its uptake will boost efforts to educate the community about BRC-20 tokens and how they can improve the Bitcoin network's security.
ABOUT GRUMPY
Grumpy is a BRC-20 meme coin on the Bitcoin network. The token was deployed on the 16th May, 2023, minting over 50% within the first few hours before minting out within the first day. Over 2,000 wallets hold $GRUM, which aims to use the memetic power of the original cryptocurrency to attract new users to the Bitcoin ecosystem.
Website: http://grumpy.site/
Token information: https://unisat.io/brc20/GRUM
Where to buy: https://unisat.io/market?tick=GRUM
Media Contact:
Name: Mike van der Plas
Location: Lisbon, Portugal
Website: http://grumpy.site/
Token information: https://unisat.io/brc20/GRUM
Where to buy: https://unisat.io/market?tick=GRUM
SOURCE: Grumpy