In December 2023, the groundbreaking Bitcoin lending platform Liquidium secured $1.25 million in initial funding to push forward with its cutting-edge solutions. These solutions pave the way for using unique digital assets known as Ordinals as collateral for loans denominated in Bitcoin. This article is all about What is Liquidium and everything you need to know.
This funding milestone underscores the growing interest from the general public in crypto-based financial services that go beyond just using Bitcoin for transactions. Supported by prominent investors like Bitcoin Frontier Fund and Sora Ventures, Liquidium is on a mission to become the top fair and inclusive lending platform directly on the Bitcoin network.
>>Use this Link to Join liquidium<<
Ordinals are special digital items, kind of like collectible cards, but they’re stored safely on the Bitcoin network. They give each tiny piece of Bitcoin its own special number, and they can also have cool things like pictures, words, or even computer code on them. And they can be as big as 4 megabytes, which is pretty large! So, it’s like having a unique ID card for each small part of your Bitcoin, and you can decorate it however you want.
Ordinal Inscriptions, also known as Digital Artefacts, are causing quite a stir in the digital asset world. These Ordinals are made by adding information onto satoshis, which are the smallest units of Bitcoin (BTC). Thanks to the Taproot upgrade on the Bitcoin Network, Ordinals open up a whole new world of possibilities for including data in transactions. This adds more versatility and privacy to how transactions are handled.
While Ordinals may seem similar to Non-Fungible Tokens (NFTs) found on other blockchains like Ethereum, they have unique qualities that make them stand out. What makes them special is that they’re directly inscribed onto the Bitcoin blockchain, without relying on any other middle layer or special protocol. As a result, Ordinals benefit from the unparalleled security and decentralization of Bitcoin’s strong blockchain network.
Taking a Deeper Dive into Ordinals
To truly grasp the significance of Ordinals’ emergence, let’s examine their unique characteristics:
Recently, a new variant of Ordinal Inscriptions, known as BRC-20, has emerged in the market. This innovation allows for the creation of Fungible Tokens on the Bitcoin network, leveraging the foundational principles of Ordinal Inscriptions.
>>Use this Link to Join liquidium<<
The popularity of Ordinals is skyrocketing, with some pieces fetching millions of dollars. But along with this incredible growth come some challenges. One big problem for people who own Ordinals is how to get money from them without actually selling them. That’s where Liquidium comes in. It’s a new and innovative solution that lets Ordinal owners borrow money against their prized possessions, without having to let go of them.
Let’s say you own a rare Ordinal, which is a special digital asset stored on the Bitcoin network. This Ordinal is like a valuable piece of artwork in the digital world, and it’s worth a lot of money because it’s unique and sought after by collectors.
Now, imagine you suddenly need some money for an emergency expense, like fixing your car. Instead of selling your prized Ordinal, which you don’t want to part with because you believe its value will keep increasing, you can use Liquidium.
Liquidium is a service that allows you to borrow money against the value of your Ordinal. It’s like taking a loan from a bank, but instead of using your house or car as collateral, you’re using your Ordinal. So, you get the money you need without selling your valuable asset.
Once you repay the loan, you get your Ordinal back in full. This way, you’ve solved your financial problem without losing ownership of your cherished digital asset.
>>Use this Link to Join liquidium<<
Liquidium stands out as the go-to platform for connecting people who want to lend or borrow Bitcoin directly from each other. What makes it unique is that users can use special Bitcoin-based assets called Ordinal Inscriptions (Ordinals) as collateral for their transactions. All of this is done securely using Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs), all happening on the foundational layer of Bitcoin itself.
In other words, imagine Liquidium as a meeting place where people who have Bitcoin can lend it to others who need it, and vice versa. What’s interesting about Liquidium is that it lets users use special kinds of Bitcoin tokens, called Ordinal Inscriptions (Ordinals), as a guarantee when they borrow or lend Bitcoin. And to keep everything safe and secure, Liquidium uses special types of digital agreements called Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs). All of this happens directly on the basic layer of Bitcoin, ensuring trust and reliability.
Liquidium is like a special lending system that works directly on the Bitcoin network. It’s cool because it lets people lend and borrow Bitcoin without needing any middlemen or people to hold their money for them.
Here’s why it’s great:
>>Use this Link to Join liquidium<<
Using Liquidium is easy to understand:
To make sure everything is fair and safe, DeepLake Oracles keeps an eye on what’s happening with the loans by checking the activity on the Bitcoin network. This way, there’s less need to trust anyone, and everyone can see what’s going on with the transactions.
At present, Liquidium works seamlessly with Xverse and Magic Eden wallets. These wallets are accessible as browser extensions, and you can download them too.
>>Use this Link to Join liquidium<<
Liquidium offers a variety of collections gathered from Magic Eden’s API. To check out the collections currently available, you can visit the website by clicking here.
>>Use this Link to Join liquidium<<
An airdrop in the world of cryptocurrency refers to the process of giving away free coins or tokens to specific wallet addresses or users who meet certain criteria, such as owning a particular Ordinal collection.
1. Visit Magic Eden.
2. Locate the Ordinal you used in a loan and click on it.
3. Scroll through the transaction history to find the loan escrow address.
Anyone who is claiming the collateral—whether lender or borrower—can claim the airdrop.
There are two possible scenarios:
If the loan is ongoing and an airdrop is deposited into the escrow wallet. When the loan concludes (either through repayment or default), the individual unlocking the Ordinal can simultaneously unlock the airdrop.
If the loan has already concluded and the airdrop is deposited into the escrow wallet retroactively:
1. Locate the escrow address and open a Discord ticket.
2. The team will manually assist you in unlocking from your escrow wallet.
3. Navigate to the Airdrop Claim page.
4. Follow the prompts to claim your airdrop.
In December 2023, the groundbreaking Bitcoin lending platform Liquidium secured $1.25 million in initial funding to push forward with its cutting-edge solutions. These solutions pave the way for using unique digital assets known as Ordinals as collateral for loans denominated in Bitcoin. This article is all about What is Liquidium and everything you need to know.
This funding milestone underscores the growing interest from the general public in crypto-based financial services that go beyond just using Bitcoin for transactions. Supported by prominent investors like Bitcoin Frontier Fund and Sora Ventures, Liquidium is on a mission to become the top fair and inclusive lending platform directly on the Bitcoin network.
>>Use this Link to Join liquidium<<
Ordinals are special digital items, kind of like collectible cards, but they’re stored safely on the Bitcoin network. They give each tiny piece of Bitcoin its own special number, and they can also have cool things like pictures, words, or even computer code on them. And they can be as big as 4 megabytes, which is pretty large! So, it’s like having a unique ID card for each small part of your Bitcoin, and you can decorate it however you want.
Ordinal Inscriptions, also known as Digital Artefacts, are causing quite a stir in the digital asset world. These Ordinals are made by adding information onto satoshis, which are the smallest units of Bitcoin (BTC). Thanks to the Taproot upgrade on the Bitcoin Network, Ordinals open up a whole new world of possibilities for including data in transactions. This adds more versatility and privacy to how transactions are handled.
While Ordinals may seem similar to Non-Fungible Tokens (NFTs) found on other blockchains like Ethereum, they have unique qualities that make them stand out. What makes them special is that they’re directly inscribed onto the Bitcoin blockchain, without relying on any other middle layer or special protocol. As a result, Ordinals benefit from the unparalleled security and decentralization of Bitcoin’s strong blockchain network.
Taking a Deeper Dive into Ordinals
To truly grasp the significance of Ordinals’ emergence, let’s examine their unique characteristics:
Recently, a new variant of Ordinal Inscriptions, known as BRC-20, has emerged in the market. This innovation allows for the creation of Fungible Tokens on the Bitcoin network, leveraging the foundational principles of Ordinal Inscriptions.
>>Use this Link to Join liquidium<<
The popularity of Ordinals is skyrocketing, with some pieces fetching millions of dollars. But along with this incredible growth come some challenges. One big problem for people who own Ordinals is how to get money from them without actually selling them. That’s where Liquidium comes in. It’s a new and innovative solution that lets Ordinal owners borrow money against their prized possessions, without having to let go of them.
Let’s say you own a rare Ordinal, which is a special digital asset stored on the Bitcoin network. This Ordinal is like a valuable piece of artwork in the digital world, and it’s worth a lot of money because it’s unique and sought after by collectors.
Now, imagine you suddenly need some money for an emergency expense, like fixing your car. Instead of selling your prized Ordinal, which you don’t want to part with because you believe its value will keep increasing, you can use Liquidium.
Liquidium is a service that allows you to borrow money against the value of your Ordinal. It’s like taking a loan from a bank, but instead of using your house or car as collateral, you’re using your Ordinal. So, you get the money you need without selling your valuable asset.
Once you repay the loan, you get your Ordinal back in full. This way, you’ve solved your financial problem without losing ownership of your cherished digital asset.
>>Use this Link to Join liquidium<<
Liquidium stands out as the go-to platform for connecting people who want to lend or borrow Bitcoin directly from each other. What makes it unique is that users can use special Bitcoin-based assets called Ordinal Inscriptions (Ordinals) as collateral for their transactions. All of this is done securely using Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs), all happening on the foundational layer of Bitcoin itself.
In other words, imagine Liquidium as a meeting place where people who have Bitcoin can lend it to others who need it, and vice versa. What’s interesting about Liquidium is that it lets users use special kinds of Bitcoin tokens, called Ordinal Inscriptions (Ordinals), as a guarantee when they borrow or lend Bitcoin. And to keep everything safe and secure, Liquidium uses special types of digital agreements called Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs). All of this happens directly on the basic layer of Bitcoin, ensuring trust and reliability.
Liquidium is like a special lending system that works directly on the Bitcoin network. It’s cool because it lets people lend and borrow Bitcoin without needing any middlemen or people to hold their money for them.
Here’s why it’s great:
>>Use this Link to Join liquidium<<
Using Liquidium is easy to understand:
To make sure everything is fair and safe, DeepLake Oracles keeps an eye on what’s happening with the loans by checking the activity on the Bitcoin network. This way, there’s less need to trust anyone, and everyone can see what’s going on with the transactions.
At present, Liquidium works seamlessly with Xverse and Magic Eden wallets. These wallets are accessible as browser extensions, and you can download them too.
>>Use this Link to Join liquidium<<
Liquidium offers a variety of collections gathered from Magic Eden’s API. To check out the collections currently available, you can visit the website by clicking here.
>>Use this Link to Join liquidium<<
An airdrop in the world of cryptocurrency refers to the process of giving away free coins or tokens to specific wallet addresses or users who meet certain criteria, such as owning a particular Ordinal collection.
1. Visit Magic Eden.
2. Locate the Ordinal you used in a loan and click on it.
3. Scroll through the transaction history to find the loan escrow address.
Anyone who is claiming the collateral—whether lender or borrower—can claim the airdrop.
There are two possible scenarios:
If the loan is ongoing and an airdrop is deposited into the escrow wallet. When the loan concludes (either through repayment or default), the individual unlocking the Ordinal can simultaneously unlock the airdrop.
If the loan has already concluded and the airdrop is deposited into the escrow wallet retroactively:
1. Locate the escrow address and open a Discord ticket.
2. The team will manually assist you in unlocking from your escrow wallet.
3. Navigate to the Airdrop Claim page.
4. Follow the prompts to claim your airdrop.