SATO follows the Bitcoin protocol SRC-20 (Bitcoin Stamps), which is based on an open source P2P protocol built on top of the Bitcoin blockchain in 2014.
The minting process involves converting an image into text and encodes it as a Base64 file, adding “Stamp” before the text. The protocol then transmits the encoded file to the Bitcoin network, where the file is segregated, validated and recompiled, recovering the original image.
This post explains how to buy one of the leading SRC-20 tokens on the market: SATO (SATO).
What is SATO
SATO is a SRC-20 token built on the Bitcoin network that represents a unique project with community-driven features.
SATO embodies the fundamental principles of Satoshi Nakamoto and the decentralised nature of Bitcoin. It represents freedom, innovation and the power of the community.
Its slogan “We are all SATO” represents the importance of the community in this protocol, which has nothing to do with stamps protocols in the Ethereum network. SATO has no owner, it is a fully decentralised project and it is the community that will decide its future.
It represents a movement towards digital freedom. The purpose of SATO is to empower individuals within the Bitcoin community, encouraging participation and promoting a sense of unity.
How to Buy SATO in Stampscan
On the SRC-20 marketplace, the SATO token has already sold out at launch, so mining the token is not possible, and it can only be purchased on Marketplace.
The steps to buy SATO on a Marketplace are as follows:
- Access an SRC-20 token Marketplace, such as Stampscan.
- Download and install one of the compatible wallets: Leather Wallet (former Hiro), UniSat, and OKXWallet, as a browser extension.
- Set up the wallet, which has been developed specifically for Bitcoin-based applications.
- In Stampscan, click on “Trade“
- Select the offer you want and click on Buy.
- Connect the Wallet (Leather Wallet), also available Unisat and OKX.
- Make sure you have the necessary funds (BTC requested in the offer) + the recommended “Miner fee rate”.
- Click on “Buy“.
- After the transaction is executed, you will receive the SATO tokens in your wallet.
Once you have the tokens in your wallet, you will be able to view and consult your purchase history in the wallet.
To view it, click on the address in the top right corner and select “Orders”. You will also be able to see the transaction’s status (in progress or completed).
To Wrap it up
SRC-20 tokens are a technology still in its infancy, so further development of the Bitcoin protocol in this regard is to be expected.
BTC stamps are pieces of data stored in UTXOs. Therefore, remember that the three fundamental pillars of Bitcoin – freedom, privacy, and decentralization – are in your hands.
We are all SATO