MBTC

Disclaimer: here

Meme Bitcoin (MBTC) is the protocol’s base token. It explicitly includes the word “meme” because the entire protocol is intended as an experiment, and the base token should be seen as a collectible rather than a utility.

MBTC was launched through a free Ordinals mint, gated by an allowlist to avoid snipers. Access to the allowlist was distributed as fair as possible - for example, via using Bones Protocol and through over 100 Ordinal communities. 100% of the MBTC supply goes to Ordinal holders.

The supply of MBTC will be ~21,000,000. It may be deflationary if the protocol is used, as MBTC is burned—for example, during the sealing of relics. With 3,210 MBTC inscriptions, each can be unwrapped (by burning it) into 6,542.05 MBTC. There is no deadline for unwrapping.

⚠ Important Notes

Unwrapping happens at the protocol level. For example, you can use the indexer CLI (docs coming soon) to unwrap. It’s not recommended to use inscription-burning tools or wallets that aren’t Relics-aware, as these may create incompatible transactions or unintentionally spend your Relics. Also, there’s no marketplace for MBTC yet—while you may be able to trade MBTC inscriptions, you likely won’t be able to trade the MBTC Relic.