1000SATS is the denomination used on some exchanges for the BRC-20 SATS token. Binance described it as a 1,000-to-1 scale: a deposit of 1,100 SATS is shown as 1.1 1000SATS. This is separate from a Bitcoin satoshi, the smallest accounting unit of BTC; 1000SATS is not Bitcoin and does not represent a claim on BTC.
| Stat | Value |
|---|---|
| Ticker | 1000SATS |
| Price | $0.00001038 |
| Market cap | Not reported; circulating supply is not reported |
| 24-hour trading volume | $328,867 |
| Circulating supply | Not reported by CoinGecko |
| Total / maximum supply | 2.1 trillion 1000SATS |
CoinGecko market-data snapshot checked 2026-10-23 UTC. Price and trading volume change over time.
What the name refers to
Three similar labels refer to different things. A Bitcoin satoshi is a unit of BTC, with 100,000,000 satoshis in one bitcoin. SATS is a separate token created under the experimental BRC-20 convention on Bitcoin. 1000SATS is the larger denomination used to quote or represent groups of 1,000 SATS units on some trading platforms. The shared name is a reference, not a technical or financial link to bitcoin balances.
For example, 1.1 1000SATS at the Binance denomination represents 1,100 SATS token units in that platform’s display. It does not mean 1.1 bitcoin, 1,100 actual bitcoin satoshis, or bitcoin held in reserve. The unit in a wallet, exchange screen, or market-data source should therefore be checked before comparing quantities.
How BRC-20 works
BRC-20 uses JSON-formatted inscriptions associated with individual satoshis through the Ordinals system. It does not create an ERC-20-style smart contract on Bitcoin. Instead, software called indexers reads inscription data and applies the BRC-20 rules to determine token balances and valid operations. Those balances are not enforced as a native token ledger by Bitcoin consensus, so users depend on compatible indexers, wallets, and marketplaces interpreting the records consistently.
Transactions still use Bitcoin block space and require BTC fees. BRC-20 tokens are experimental, and their market value, liquidity, wallet support, and indexing conventions can change. An exchange listing or a token inscription does not by itself establish a continuing use case or guarantee that a market will remain available.
Tokenomics and denomination
CoinGecko tracks the market item as “1000SATS (Ordinals)” and reports a total and maximum supply of 2.1 trillion 1000SATS, while circulating supply and market capitalization are unavailable because a circulating figure is not reported. Binance’s 1,000-to-1 denomination explains why figures stated in SATS units can be much larger than the 1000SATS figure shown on an exchange.
The number 2.1 trillion applies to the 1000SATS scale shown in the market listing. It should not be read as a count of bitcoin satoshis or as evidence that token holders own bitcoin. Bitcoin satoshis are native BTC units; SATS/1000SATS are separately interpreted BRC-20 token units. Supply figures describe the token’s stated issuance limits, not demand, liquidity, or value.
History
- March 2023: The experimental BRC-20 convention was introduced using Ordinals inscriptions.
- December 12, 2023: Binance announced spot trading for BRC-20 Sats under the 1000SATS denomination and explained its 1,000-to-1 display scale.
Last updated: 2026-10
Related Terms
See Also
- What Happens to Bitcoin When All 21 Million Are Mined?
- What Is Tokenomics — And Why It Determines Whether a Crypto Project Survives
- How Crypto Invented Its Own Language
- Swap crypto with ChangeNOW · Terms apply
Sources
- CoinGecko, 1000SATS (Ordinals) — The market listing identifies the asset and reports its price, volume, 2.1 trillion total and maximum supply, and the absence of reported circulating supply.
- Binance Support, BRC-20 Sats (1000SATS) listing notice — The December 2023 notice explains the platform’s 1,000-to-1 denomination and gives the 1,100 SATS to 1.1 1000SATS example.
- Binance Academy, “What Are BRC-20 Tokens?” — This explainer describes JSON inscriptions, the lack of smart contracts, and reliance on off-chain indexers.
- Ordinals Handbook, Inscriptions — The handbook documents how inscription data is attached to individual satoshis and stored through Bitcoin transactions.
- Bitcoin.org, Bitcoin Vocabulary: Satoshi — This reference defines a satoshi as a unit of bitcoin and states that one BTC equals 100,000,000 satoshis.