Cryptocurrency exchange OKX has unveiled its BRC-30 token proposal, an extension of the BRC-20 standard, introducing staking functionality to Bitcoin ecosystem tokens. This innovation enhances protocol diversity while reducing market sell pressure through incentivized holding.
Key Features of BRC-30
As outlined in OKX's official proposal, BRC-30 expands BRC-20 capabilities by adding:
- Token staking (deposit/withdrawal functions)
- Mining reward distribution
- Multi-asset participation (BTC or BRC-20 tokens)
- Transparent yield calculation via open-source interfaces
"BRC-30 enables holders to earn yields without selling tokens, strengthening the Bitcoin network's economic layer." — OKX Development Team
How BRC-30 Works
For Project Teams:
Create a staking pool specifying:
- Accepted stake tokens
- Reward token (BRC-30)
- Mining rate parameters
- Total reward allocation
- Multi-mining permissions
For Users:
- Deposit BTC/BRC-20 tokens into approved pools
Earn BRC-30 rewards through:
- Continuous mining accrual
- On-demand minting (reward claiming)
- Flexible withdrawals
👉 Discover BRC-30 staking opportunities
Benefits to Bitcoin Ecosystem
- Reduced volatility: Lower sell pressure from yield alternatives
- Enhanced utility: New use cases for BRC-20 tokens
- Protocol synergy: Complementary to Ordinals and BRC-20 standards
Implementation Details
OKX provides:
- Full protocol interpreter for transaction validation
- Open-source yield calculator for transparency
- Standardized inscription methods (see technical documentation)
BRC-30 FAQ
Q: How does BRC-30 differ from BRC-20?
A: BRC-20 handles token deployment/transfers, while BRC-30 adds staking mechanics and reward distribution.
Q: Can I stake multiple token types simultaneously?
A: Yes, pools may allow combined BTC + BRC-20 staking depending on project configurations.
Q: Are rewards automatically compounded?
A: No, users must manually mint accrued rewards through inscription transactions.
Q: What prevents reward inflation?
A: Each pool's total reward allocation is capped during creation.
Q: Is there a minimum staking period?
A: Protocols may impose lockups, but BRC-30 itself doesn't mandate durations.
Q: How are rewards taxed?
A: Tax implications vary by jurisdiction—consult local regulations.
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Investment Disclaimer: Cryptocurrency markets involve substantial risk. Prices are highly volatile, and capital loss is possible. Assess your risk tolerance carefully.
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