If you know something about the Runes protocol, you should know that the No. 0 rune “UNCOMMON GOODS”, which is the first rune to be etched (deployed) after the Runes protocol went online, was written by Casey. However, this rune is “limited time but not limited”, and the casting period is as long as 4 years, which makes it difficult to create short-term speculation space.

But, last week, Casey struck again. This time, he etched a new rune called “MEMENTO·MORI” on the No. 0 inscription, with a total of 100 million (100,000 pieces). Among them, half of the total amount, that is, 50 million (50,000), has been airdropped at Bitcoin block height 868113. The airdrop targets users who have subscribed to the Bitcoin podcast “Hell Money” and submitted their airdrop address. This podcast is co-hosted by Casey and Erin Redwing.

According to Casey and Erin on the Hell Money Podcast, “MEMENTO·MORI” was not an accidental idea. First of all, before the rune protocol went online, Casey proposed the idea of ​​hard-coding the first 10 runes (the popular understanding is to directly deploy the first 10 runes). Although this idea was not implemented in the end, “MEMENTO·MORI “It was one of the 10 runes considered at that time.

“MEMENTO·MORI” is a Latin phrase that means “remember that you will die eventually.” It reminds people to think about the shortness of life and the inevitability of death, encourages them to face the limitations of life in their daily lives, and allows people to cherish the present more. Live a meaningful life instead of just being obsessed with material things or fame. This rune was finally etched on the No. 0 inscription of the “skull” image, which also corresponds to the theme and even the scary atmosphere of Halloween.

Inscription No. 0

Another motivation for posting this rune is that Casey and Erin regard the subscribers of the Hell Money Podcast as a community that supports them. They have long been very grateful to the subscribers for their support of the Hell Money Podcast and want to do something for the subscribers. something, so 50% of the total amount was airdropped to subscribers without reservation.

The remaining 50% will be open for minting at block height 868186. The expected time to reach the block height was 13-14 o’clock Beijing time, but since the specific time will fluctuate with the speed of the Bitcoin network’s block production, the minting finally started unexpectedly at 10:30 in the morning, which was ignored by most markets. The 4-digit miner rate expected by players may be due to the early start of minting and insufficient response. In addition, the time interval between block explosions in the six blocks after the start of minting is quite short, with an average of only a terrifying 4.5 minutes.

According to the display on Magic Eden, the total market value of this rune currently reaches $14 million. According to satosea.xyz, the average miner rate (cost) to mint this rune is approximately 584.5 sats/vb ($42 per ticket). This is the first rune deployed by Casey that can really create market hype. Does this market value meet your expectations?

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<p>The post The founder of Ordinals Protocol released new runes, does it meet expectations? first appeared on CoinBuzzFeed.</p>