SRC-20 tokens
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What are SRC-20 tokens?
SRC-20 tokens are an experimental fungible-token standard for Bitcoin that uses the STAMPS protocol (Secure Token-Asset Management Protocol for Bitcoin).
Each token is created by embedding JSON data directly into Bitcoin UTXO outputs (not OP_RETURN), making the inscription prunable-proof and permanently stored on-chain.
Balance state is tracked by off-chain indexers that read these STAMPS.
How It Works
- Deploy – broadcast a Bitcoin tx with output data:
STAMP:{"p":"src-20","op":"deploy","tick":"TOKEN","max":"21000000"}. - Mint – another tx with:
STAMP:{"p":"src-20","op":"mint","tick":"TOKEN","amt":"1000"}. - Transfer – spend that UTXO to a new address; indexer updates balances.
- Indexer – scans every Bitcoin block and builds a ledger from valid STAMPS.
Key Features
- Prunable-proof – data lives in spendable UTXO scripts, not OP_RETURN, so nodes cannot prune it.
- Bitcoin-native – secured by Bitcoin Proof-of-Work; no side-chain or token bridge.
- Permanent storage – stamp exists as long as the UTXO is unspent.
- Enhanced security – inherits Bitcoin’s finality and hash-rate.
- Early ecosystem – wallets, indexers, and marketplaces still maturing.
Advantages
- Unprunable – survives node pruning policies; true permanence.
- Simple standard – JSON-only; no complex smart-contract logic.
- Cheap to create – pay normal Bitcoin miner fees only.
- BTC meme culture – taps into Bitcoin maximalist NFT/STAMP community.
- Token variety – memes, badges, event tickets, DAO shares.
Risks & Limitations
- Indexer reliance – ledger truth comes from off-chain parsers; malicious indexer = forked state.
- Chain bloat – unprunable data increases forever; critics call it “blockchain graffiti.”
- No DeFi – no on-chain lending, DEX, oracles; only OTC or centralized trading.
- Early tooling – few audited wallets, DEXs, or custody solutions.
- Regulatory fog – no SEC/FSA guidance; issuer KYC may be required for securities.
Where to Mint / Trade
- StampChain.io – official indexer, deploy tool, and marketplace.
- UniSat Wallet – browse, mint, and transfer SRC-20 stamps.
- OpenStamp.io – secondary market for STAMPS and SRC-20 ticks.
- OTC Telegram – StampCollector SRC-20 Room for peer-to-peer deals.
Final Thoughts
SRC-20 brings prunable-proof fungible tokens to Bitcoin, ensuring data permanence at the cost of eternal chain bloat.
It’s still experimental—indexer consensus is the weakest link—but offers a new playground for memes, badges, and collectible economies.
Treat it like early Ordinals: high novelty, high risk, zero fundamentals.