Runes Protocol is on the rise, quickly understand the principles and projects worth paying attention to
Written by Alx Wacy
Compiled by: Xiaobai Navigation coderworld
The $STAMP I shared before has gained 900 times of profit.TokenGained 300 times the profit,
Now, here is a new opportunity to capture 1000x in the $BTC ecosystem, that is Runes.
Many may overlook the growth of the $BTC ecosystem, which has expanded over the past year to include important infrastructure, various fields, and numerous projects.
Bitcoin is no longer just aTokenor a financial instrument, it has transformed into a huge ecosystem.
Additionally, the development of the ecosystem has been significantly impacted by Ordinals and BRC-20, which I discussed early last year.
Stamps (SRC-20) already has a hugeCommunity,This was highlighted in a recent Binance article.
These ecosystems have generated lucrative profits for early adopters.
For example, investing $10-50 in gas fees to mint 100,000 $STAMP , then sell it 5-7 months later for $10,000 – $20,000.
So, today, I want to share with you @Rodarmor Created Runes protocol.
Rune: Bitcoin’s New Fungible Token Protocol introduces a new way to issue fungible tokens on the Bitcoin network.
The protocol was developed as an alternative to the BRC20 standard and aims to simplify token creation and management while easily reconciling with the Bitcoin infrastructure.
In his blog,@Rodarmor Describes Runes as a simple protocol with minimal impact on the chain and responsible handling of UTXOs.
UTXO (Unspent Transaction Output) is related toBlockchainA single unit of Bitcoin value associated with an address on the BTC/USDT network, representing unspent funds for new transactions.
Runes are different from the BRC-20 token standard, which is not based on UTXO and will cause too many junk UTXOs to clog the Bitcoin network.
Runes aims to replace the less efficient BRC-20 token standard based on Ordinals.
Additionally, the Runes Protocol aims to outperform other existing alternative token protocols on Bitcoin, such as RGB and Taproot Assets, which rely on off-chain data.
To explore more technical details,You can refer to the blog.
The genesis rune is hardcoded and is called UNCOMMONGOODS.
Casey hard-coded only the first Rune. Therefore, Runes numbered 1 to 1,000 were likely minted by one of the large Bitcoin mining companies such as Foundry, Marathon, etc.
The Genesis Rune Token UNCOMMONGOODS will be minted starting from the halving block and will end at the next halving event (4 years later).
This token is indivisible, has no decimal points, and each free mint/claim entitles you to 1 token.
The Runes protocol will be launched on April 20, the day of Bitcoin halving.
Currently, many of Ordinal's projects are in the "pre-rune" stage and will provide airdrop runes to their holders.
In addition, the Rune ecosystem is being actively built, with various projects, launchpads, tools, etc. emerging.
Now, let’s dive into some notable projects, including those in their nascent stages.
Runestones
oneXiaobai NavigationThe important OG projects are@LeonidasNFTRunestones.
Initially, these Ordinals were distributed as gifts via airdrops to activeCommunityof.
It then transformed into one of the pioneer projects in the "Pre-Runes" stage and is expected to become the most important OG project in the Runes ecosystem.
In addition, recently @LeonidasNFT It was announced that Runestone holders will receive 3 Runememe airdrops.
短短几周内，有关符文的话题就引起了热议，符石已经成为整个社区的主要催化剂，并且没有放缓的迹象。
Many projects have taken inspiration from here and announced airdrops of runes for holders. Infrastructure construction is underway and more is on the way.
The Rune Stone project undoubtedly has a bright future!
Runecoin（$RSIC
These Ordinals allow users to mine tokens when Rune launches.
21,000 RSIC miners were airdropped to over 9,000 Ordinals of various serieswalletmiddle,Please see this post for details.
Essentially, you can buy an RSIC miner, join a mining pool, and start mining the tokens that will be used for Runes.
RSIC is now @WhalesMarket Conduct over-the-counter transactions.
With its recently added “Runes” section, I foresee many exciting releases in the future.
Pups($PUPS)
The project has received wide recognition and is currently in the Pre-Runes stage.
Current supply: 10 million.
7.7 million tokens available@unisat_walletor@JupiterExchangeThese tokens will be used to purchase Pups Runes on April 20th.
2.3 million tokens will be airdropped to Rune Pup ordinal holders (available for purchase on ME). Rune Pups can destroy approximately 210 Pups.
When the total market value of Rune reaches 1,000,000,000, the tokens will be destroyed and redeemed at a ratio of 100:1.
RunesTerminal($RUNI)
Runes Terminal provides tools for token launch and distribution, including a browser called RunesScan and a launchpad.
The project aims to enhance the accessibility of DeFi, NFT, and RWA to Runes Token Standard on the BTC platform.
Products include:
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Rune Scan
-
Rune Plate
-
Rune Carver
-
Rune Book
As the core of the Runes Terminal community, $RUNITokens grant exclusive access to architectural features and investment opportunities in the innovative Runes Protocol.
The project will be launched soon and looks like a very nice infrastructure.
More Pre-Runes Projects
Due to the excitement about Runes in the Ordinals community, many projects have begun announcing Runes airdrops to holders.
Therefore, in@MagicEdenWith the support of , monitoring these projects is easy.
MagicEden has added new tabs showing collectibles that have been confirmed to distribute runes to holders, all conveniently gathered in one place.
Then we shouldhowHere are some ways to get involved:
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download @XverseApp / @unisat_wallet
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Deposit some $BTC
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exist @MEonBTC Buy Pre-Rune Items on
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Wait until the halving to airdrop the rune meme coin
Choose solid projects that you believe have lasting strength and continued growth. Ordinals may experience greater volatility after the rune is released.
Since there are so many projects, I put together this list of some worthwhile ones to cut down on your time:
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@btcordinal: Building an MMORPG with Ordinals. $ZBITIs their BRC-20 token; will migrate to Rune when the protocol launches.
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@InventOnBTC: An upcoming Bitcoin-based crowdfunding platform for projects
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@RuneX_Tech: Rune Pre-Mining
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@lfgBuild Rune DEX, mysterious runes will be $LFG Provided by the holder.
My thoughts
The launch of Runes provides a great opportunity to participate in a massive new ecosystem.
There are two tracks to watch out for:
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Infrastructure (an important aspect of any ecosystem)
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Memecoins (key driver of community growth)
I expect both tracks to perform strongly as there will always be value in fundamentals and memes.
Deciding whether to purchase Ordinals for the airdrop is a personal choice.
Keep in mind that this is optional, as many powerful new projects will be launched on Runes that you can participate in.
The article comes from the Internet:Runes Protocol is on the rise, quickly understand the principles and projects worth paying attention to
Pre-registration will start on April 15th, and players are encouraged to join as early as possible to accumulate airdrop points. Written by: Kasou Kazoku BlockchainIlluvium, a rising star in the gaming industry, recently announced the successful completion of a round of financing led by Arrington Capital, King River Capital, Animoca Brands and…
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