What is VMPX (Ordinals) Crypto Coin? Cross-Chain Token Explained

VMPX is not just another cryptocurrency. It’s a dual-chain experiment built on two of the most important blockchains in the world: Bitcoin and Ethereum. Launched in May 2024 by Jack Levin - the same founder behind XEN Crypto - VMPX exists as both a BRC-20 token on Bitcoin and an ERC-20 token on Ethereum, with exactly 108,624,000 tokens on each chain. That’s unusual. Most tokens live on one network. VMPX moves between them, 1:1, like a digital passport with matching stamps.

How VMPX Works on Bitcoin and Ethereum

On Bitcoin, VMPX runs on the Ordinals protocol. This isn’t a built-in feature of Bitcoin. It’s a workaround that lets people inscribe data - like text, images, or tokens - onto individual satoshis, the smallest unit of Bitcoin. Think of it like writing your name on a dollar bill and then trading that specific bill. The BRC-20 standard, created by the Ordinals community, makes this possible using simple JSON commands. For VMPX, that means setting the token ticker (VMPX), total supply (108,624,000), and max per transaction.

On Ethereum, VMPX is a standard ERC-20 token. That means it works with wallets like MetaMask, exchanges like Binance, and DeFi apps like Uniswap. It’s not a copy. It’s a twin. The same number of tokens. The same rules. The only difference is the blockchain it lives on.

The magic happens through a bridge. You can swap your Bitcoin-based VMPX for the Ethereum version, and vice versa, at a 1:1 ratio. This lets you move liquidity between the two ecosystems. Want to stake your VMPX for yield? Use the Ethereum version. Want to hold it on Bitcoin’s secure, censorship-resistant network? Use the BRC-20 version. It’s not seamless - there are fees, delays, and risks - but it’s possible.

Why VMPX Stands Out From Other BRC-20 Tokens

There are over 4,200 BRC-20 tokens on Bitcoin. Most are memes, gambling experiments, or outright scams. VMPX is different because of its creator and its rules.

Jack Levin, the founder, made three promises:

• No pre-mine - no tokens reserved for insiders before launch.
• No special allocation - even he doesn’t get extra tokens.
• Immutable code - no one can change the rules after launch.

That’s rare. Most crypto projects give founders a big slice of the pie. VMPX gives everyone the same shot. That’s why some users trust it more than other BRC-20 tokens. Reddit posts from users like u/OrdinalEnthusiast say: “The fact that Jack Levin put his reputation behind this gives it more legitimacy.”

But legitimacy doesn’t mean safety. VMPX still lives in a gray zone. Bitcoin’s core developers never approved Ordinals. Many think it’s a glitch - a way to clutter the blockchain with useless data. Fidelity Investments called it “an artificial add-on to the Bitcoin network.”

The Risks: Volatility, Liquidity, and Community Backlash

VMPX isn’t stable. It’s wild. In December 2024, its price swung 20.4% in just 24 hours. One user on Reddit said they gained 300% in a day - then lost 250% the next. There’s no earnings report, no revenue model, no product. Just speculation.

Liquidity is another problem. The bridge that swaps VMPX between chains can freeze during spikes. If everyone tries to move their tokens at once, the system slows down or fails. That means you might not be able to sell when you want to.

And then there’s the Bitcoin community itself. Casey Rodarmor, the creator of Ordinals, reportedly said these tokens are “basically worthless.” That’s not just a comment - it’s a warning from the person who made the technology possible. If Bitcoin developers ever decide to block Ordinals inscriptions, VMPX on Bitcoin could vanish overnight.

Who Uses VMPX and Why

Most users are retail traders. Institutional investors barely touch it. Glassnode data shows only 8.3% of VMPX trading volume comes from big players. The rest? People chasing quick gains, testing cross-chain tech, or betting on Jack Levin’s reputation.

The few who stick with it do so for two reasons:

• They believe in cross-chain liquidity as the future of crypto.
• They trust the no-premine, no-founder-allocation model.

Trustpilot reviews mention “easy cross-chain swapping” as the top positive feature. But 68% of negative reviews complain about “extreme volatility with no apparent fundamentals.”

How to Get Started With VMPX

You can’t buy VMPX on Coinbase or Kraken like Bitcoin or Ethereum. You need to use a few specific tools.

Here’s the basic process:

1. Set up a Bitcoin wallet that supports Ordinals - like Xverse or Leather.
2. Buy at least 0.001 BTC to cover transaction fees. Ordinals transactions cost $3.50 to $12 during busy times.
3. Use a platform like Binance Wallet to swap stablecoins (like USDT) for fractional VMPX tokens.
4. Once you have VMPX on Bitcoin, you can bridge it to Ethereum using the official VMPX bridge.

The learning curve is steep. Binance Academy rates it 7/10. You need to understand wallets, private keys, gas fees, and bridge risks. One wrong step - like sending VMPX to a non-Ordinals wallet - could lose your tokens forever.

Future of VMPX: Roadmap and Uncertainty

The VMPX team announced in December 2024 that they’re working on “VMPX 2.0” with expanded cross-chain support beyond Ethereum. No dates. No details. Just a promise.

They’re also upgrading bridge security in Q1 2025. That’s good. But upgrades don’t fix a broken foundation. If Bitcoin decides to kill Ordinals, VMPX’s entire existence on Bitcoin dies with it.

Analysts are split. Weex predicts VMPX could hit $0.0007735 by November 2025. That’s a 500% jump from late 2024 levels. But CryptoLark says most BRC-20 tokens are “nothing more than an experiment” with a 90% failure rate. Delphi Digital says 80% of these tokens will collapse in 18 months.

VMPX isn’t doomed. But it’s not a safe investment. It’s a high-stakes bet on three things: that Bitcoin won’t block Ordinals, that cross-chain bridges won’t fail, and that people will keep buying a token with no real use case beyond speculation.

Is VMPX Worth It?

If you’re looking for a store of value, VMPX isn’t it. If you want to earn steady yield, it’s too volatile. If you’re trying to build something long-term, the tech is too fragile.

But if you’re curious about the future of Bitcoin tokenization, if you want to experiment with cross-chain liquidity, or if you believe in fair launches - then VMPX is one of the few BRC-20 tokens worth watching. Not because it’s guaranteed to succeed. But because it’s one of the few that even tried to play by the rules.

It’s not a currency. It’s not a utility token. It’s a proof of concept - and a gamble.