What is Biis (Ordinals) (BIIS) crypto coin? The truth behind the mystery token

If you’ve heard of BIIS as a new crypto coin tied to Bitcoin Ordinals, you’re not alone. A few websites list it. Some trading bots even show fake price charts. But here’s the real question: does BIIS actually exist as a working cryptocurrency - or is it just noise in a crowded, chaotic market?

Bitcoin Ordinals: The foundation BIIS claims to use

Before we talk about BIIS, you need to understand what Bitcoin Ordinals are. Launched in January 2023 by developer Casey Rodarmor, Ordinals let people inscribe data - like images, text, or even small videos - directly onto individual satoshis, the smallest unit of Bitcoin. Think of it like writing your name on a specific dollar bill and making it unique forever. Unlike Ethereum NFTs that store metadata on separate servers, Ordinals keep everything on Bitcoin’s own blockchain. That makes them permanent, uncensorable, and tied directly to Bitcoin’s security.

This led to the rise of BRC-20, a token standard built on top of Ordinals. It allows anyone to create fungible tokens - like coins - on Bitcoin without smart contracts. You don’t need to code in Solidity or deploy a new blockchain. You just craft a Bitcoin transaction with specific labels: p=brc-20, tick=ORDI, max=21000000. That’s it. The first real BRC-20 token, ORDI, hit the blockchain in February 2023. Within weeks, it was trading on major exchanges like Coinbase and reached over $247 million in daily volume.

Where’s the proof for BIIS?

Now, here’s where BIIS falls apart.

Look at any major blockchain explorer - Gamma.io, Ordinals Wallet, or even Bitcoin’s own block explorer - and search for “BIIS.” Nothing. No inscription. No transaction history. No minting activity. Not even a single trace.

Compare that to ORDI. You can see its first inscription at block 778,240. You can track every transfer. You can see the wallets that hold it. You can find the exact transaction that deployed the token. BIIS has none of that.

Some sites like Bitget claim BIIS is “frequently traded.” Others, like Holder.io, say it’s “awaiting listing” and that its price is “unknown.” These contradictions aren’t just confusing - they’re a red flag. Legitimate tokens don’t have conflicting status reports from different sources. They either exist on-chain or they don’t.

No community. No developers. No transparency

Real crypto projects don’t appear out of nowhere. They have Discord servers. They have GitHub repos. They have Reddit threads. They have Twitter accounts with real developers answering questions.

Search Reddit’s r/Bitcoin, r/CryptoCurrency, or r/ordinals - combined communities with over 2.4 million members. Type in “BIIS.” Zero results. Not one post. Not one comment.

Look up “Biis Ordinals” on Twitter. You’ll find automated bot accounts pushing links to obscure exchanges. No influencers. No devs. No whitepaper. No roadmap. No team. Nothing.

Meanwhile, ORDI had a full launch: a Discord server with 10,000+ members within a week, a dedicated explorer, a listing on Magic Eden, and eventually Coinbase. BIIS has none of that. Not even a single step.

Why does this matter?

Bitcoin Ordinals sparked a real wave of innovation. People are inscribing art, poems, memes, and even entire books onto the Bitcoin blockchain. It’s creative. It’s technical. It’s groundbreaking.

But along with that wave came a flood of copycats. Scammers noticed the hype and started creating tokens with names like BIIS, BIDS, BIIS, BOIS - tiny variations designed to trick people into clicking on fake charts or depositing money into unregulated wallets.

According to the Blockchain Transparency Institute, over 900 of the 1,247 BRC-20 tokens created between June and September 2023 showed signs of wash trading or pump-and-dump schemes. That’s more than 70%. And BIIS fits the profile perfectly: no on-chain activity, no community, contradictory exchange claims, and zero developer presence.

What should you do if you see BIIS?

If you’re thinking of buying BIIS, stop.

There is no legitimate way to buy it. No exchange lists it as a real, verified asset. Any site showing a “BIIS price” is either scraping fake data or running a scam. Even if you find a wallet that claims to hold BIIS, it’s meaningless - without on-chain deployment, it’s just a number in a database, not a real token.

Don’t fall for the lure of “early access” or “limited supply.” If it were real, you’d see it on Ordinals explorers. You’d see developers talking about it. You’d see people trading it on established platforms. You wouldn’t have to hunt for it on sketchy forums.

The bigger picture: BRC-20 is evolving - and BIIS isn’t part of it

The Bitcoin Ordinals ecosystem is moving forward. The Lightning Labs team is developing Taproot Assets (formerly Taro), a more efficient, scalable way to issue tokens directly on Bitcoin. It’s being built by serious engineers, with open standards and real testing.

BIIS doesn’t appear in any of these discussions. No GitHub commits. No technical papers. No developer meetings. No community feedback. It’s invisible in the actual ecosystem.

Franklin Templeton’s 2023 report on digital assets called BRC-20 tokens “experimental” and questioned their long-term value. They’re not infrastructure. They’re speculation. And BIIS? It’s not even speculation - it’s a ghost.

The truth is simple: if a crypto project can’t prove it exists on the blockchain, it doesn’t exist. And BIIS, as of now, has no proof.