If there’s one area of Ordinals that’s hard to understand, it’s the principle of Rare Sats. Yet the entire
IN BRIEF :
-
Counting satoshis according to the Ordinals protocol enables the identification and collection of rare specimens: rare sats.
-
Rare sats are classified according to different rarity criteria.
-
A real market that has already been the subject of auction house bids, notably at Sotheby’s.
-
Wecsats is a tool for analyzing this complex universe, offering data, a rarity score and a complete pedagogy in French.
Understanding rare sats
Let’s start by explaining the concept of Rare Sats.
To put it simply: with the Ordinals protocol, each satoshi is numbered in the order in which it was mined. This numbering makes it possible to identify them, to trace them through transactions on the Bitcoin register and, consequently, to distinguish them from one another.
As a reminder, satoshis (sats) are Bitcoin’s smallest unit. With 100 million satoshis per bitcoin and a limit of 21 million bitcoins, the calculation is dizzying:
Different types of rare sats
Two main families of rare sats can be identified.
- Satoshis that respond to periodic events in Bitcoin: such as the first satoshi of a new block, the first satoshi following the difficulty adjustment or, even rarer, halvings…
- Exotic satoshis linked to particular events in Bitcoin’s history, such as the satoshis of the first bitcoin transaction, or which have particular numerical properties, such as satoshis whose identifier is in the form of a palindrome.
Within each of these two large families, many different rare sats can be identified. The environment is very rich, we can speak of numismatics or digital collectible assets.
And the market is already very real!
- Several marketplaces have emerged, such as Magisat.
- some rare sats were sold at Sotheby’s.
- And the first satoshi after the last halving was auctioned for 33 BTC.
Wecsats: The rare sats analysis and tracking platform
To help you find your way through this immensely dense environment, Wecsats offers a tool that provides a particularly visual and intuitive analysis of this ecosystem.
For each type of rare sats, the platform allows you to consult key data:
- the final total quantity,
- the volume currently in circulation,
- the quantity already “isolated” and held by collectors,
- the rate of mining per year.
Wecsats also lets you filter satoshis that meet several rarity criteria.
Finally, the site offers a scarcity score and a popularity index to help you gauge market demand.
A mission of popularization and education
In addition to these invaluable features for the collector, Wecsats is dedicated to popularizing the world of rare sats. And the approach is highly educational: each type of satoshi is presented in a short explanatory video.
As part of this evangelizing mission, the site has already been translated into several languages, including French (which is rare enough in the crypto ecosystem to be worth mentioning!). The site also features a section dedicated to in-depth articles to help you deepen your knowledge.
Why WECsats?
For the site’s founder is also the creator of the Wolf Epic Club ordinals collection, to which the acronym WEC refers.
In conclusion, we must salute the colossal effort behind the development of Wecsats. Beyond the particularly valuable options for collectors and the site’s educational dimension, we must emphasize the technical complexity involved in identifying and retrieving data from such a vast, atomized ecosystem. A true feat of community service!