Hybrid token model
Each $BIT mint is simultaneously a fungible balance and a unique inscription.
Two things at once
Every $BIT mint is two things in one inscription:
- A fungible balance in your wallet — measured in $BIT.
- A unique non-fungible ordinal — an immutable inscription on Bitcoin pointing at a specific block.
The two sides transfer independently.
The fungible side
Indexers credit your wallet's $BIT balance the moment your mint inscription confirms. You can transfer any portion of your $BIT to another wallet via token-transfer. Same UX as any TAP fungible — partial transfers, multiple recipients, all standard.
The non-fungible side
The mint inscription itself is an ordinal — sat-anchored, individually addressable, transferable. Each one says "this wallet minted block N." Block 0, block 1, block 100,000 — each is a one-of-one inscription. Collectors can hold rare-block mints (early blocks, halving blocks, anniversary blocks) independently of the fungible balance attached.
Independent transfers
| Action | What moves | What stays |
|---|---|---|
Send $BIT via token-transfer | The fungible balance | The mint inscription |
| Send the mint inscription as an ordinal | The ordinal itself | The fungible balance |
The two are decoupled at the indexer level. Selling your mint inscription on an ordinals marketplace does not transfer the $BIT balance it originally produced — that lives in your wallet's TAP balance and moves only via token-transfer.
Why this matters
For traders, $BIT behaves like any fungible token — quote it, swap it, route it. For collectors, the mint inscriptions form a complete collection — one per claimed Bitcoin block — with rarity and provenance tied directly to which block was claimed and by whom. Two markets, one asset, no wrapping required.