No it's not.
It's a token that does not use any kind of Bitcoin address, and might not be backed by any bitcoin whatsoever.
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Indeed, the Bitcoin network uses its own unique address system, and its intrinsic value arises from its independent, decentralized operation.
yea it is because it's sats
I can hand out cloakroom raffle tickets and pretend they're sats, but they're still not.