I shared $STAMP before 900x.
I shared #BRC20 before 300x.
Now it’s a new chance to catch 1000x on $BTC ecosystem.
So, I’m sharing #Runes for you early, before launch 🧵⬇️
➜ Many people may have overlooked the growth of the $BTC Ecosystem, which has expanded to include significant infrastructure, various sectors, and numerous projects in the past year.
✓ Bitcoin is no longer simply a coin or a financial instrument; it has transformed into a vast ecosystem that keeps evolving, even after 15 years.
➜ Also the development of the ecosystem has been significantly influenced by Ordinals and BRC-20, which I discussed at the beginning of last year.
➜ Stamps (SRC-20), has garnered a large community and was recently featured in a Binance article:
https://twitter.com/binance/status/1776414570006925762
These ecosystems have yielded substantial profits for early adopters.
For instance, investing $10-50 in gas fees to mint 100,000 $STAMP, then selling it 5-7 months later for $10,000 - $20,000.
◢ So, today, I'd like to share about #Runes #Runes l created by @Rodarmor, the mind behind Ordinals.
➜ Runes: A New Fungible Token Protocol for Bitcoin introduces a fresh method for issuing fungible tokens on the Bitcoin network.
This protocol, developed as an alternative to the BRC20 standard, seeks to simplify token creation and administration while harmonizing effortlessly with Bitcoin's infrastructure.
◢ On his blog, @rodarmor describes Runes as a simple protocol with minimal impact on the chain and responsible handling of UTXOs.
UTXOs (Unspent Transaction Outputs) are individual units of Bitcoin value linked to addresses on the blockchain, representing unspent funds for new transactions.
Runes is distinct from the BRC-20 token standard, which isn't UTXO-based and leads to excessive junk UTXOs congesting the Bitcoin network.
✓ The aim of Runes is to replace the less efficient Ordinals-based BRC-20 token standard.
Additionally, the Runes protocol aims to outperform other existing fungible 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 referred to as #UNCOMMONGOODS.
➜ Casey is only hardcoding the first Rune. As a result, Runes numbered from 1 to 1,000 are likely to be minted by one of the major Bitcoin mining companies such as Foundry, Marathon, and others.
➜ The genesis Runes token, #UNCOMMONGOODS, will be available for open minting starting at the halving block and concluding (4 years later) at the next halving event.
✓ This token is indivisible, with no decimal points, and each free mint/claim entitles you to receive 1 token.
◢ Runes protocol is set to launch on Bitcoin's halving day, April 20th.
Currently, numerous Ordinal's projects are in the "Pre-Runes" stage and are set to offer airdrop runes to their holders.
➜ Furthermore, the runes ecosystem is actively being built, with various projects, launchpads, tools, etc, emerging.
Now, let's delve into some of the noteworthy projects, including those in their nascent stages ⇩
◢ #Runestones
➜ An essential OG project is Runestones by
@LeonidasNFT
Originally, these Ordinals were distributed to the active community as a tribute through an airdrop.
✓ Subsequently, it transitioned into one of the pioneering projects in the "Pre-Runes" stage and is poised to become the most significant OG project within the Runes Ecosystem.
Furthermore, recently
@LeonidasNFT
announced that Runestones holders would receive a 3 runes memecoin airdrop.
➜ https://twitter.com/LeonidasNFT/status/1777265189106106730
In just a few weeks, there has been a significant buzz surrounding Runes.
Runestones have emerged as a major catalyst for the entire community, with no signs of slowing down.
Numerous projects have taken cues from Leonidas by announcing runes airdrops for holders. Infrastructure development is underway, and much more is in progress.
This project - OG gem with a promising future, no doubt!
◢ @rune_coin - #RSIC
These Ordinals allow users to mine tokens for when Runes launches.
➜ 21,000 RSIC miners were airdropped to over 9,000 wallets containing various Ordinals collections.
Detailed guide: https://twitter.com/Blutoshi/status/1776855416036614419
In essence, you can purchase an RSIC miner, join the pool, and begin mining tokens that will be used on Runes.
RSIC is now trading OTC on @WhalesMarket.
With the recent addition of a "Runes" section, I anticipate many exciting launches ahead.
✓ Also worth remembering that @0kx already massively supports Runes.
◢ @PupsToken- $PUPS
This project has gained significant popularity and is currently in the Pre-Runes stage.
Current Supply: 10M
➜ 7.7M tokens are available for purchase on
@unisat_wallet
or
. These tokens will be used to acquire Pups Runes on 4/20.
➜ 2.3M tokens will be airdropped to Rune Pup ordinal holders (available for purchase on ME). Rune Pups will have the ability to burn for approximately 210 Pups.
Tokens will be burnt and redeemed in a 100:1 split, as the total market capitalization on runes reaches 1,000,000,000.
◢ @runes_terminal- $RUNI
Runes Terminal offers tools for token launch and distribution, including an explorer named RunesScan and a launchpad.
The project aims to enhance accessibility for the Runes Token Standard in DeFi, NFTs, and RWAs on the BTC platform.
Products of include:
➜ RunesScan
➜ Runedpad
➜ RunesEtcher
➜ RunesBook
At the core of the Runes Terminal community, the $RUNI token grants exclusive access to architectural features and investment opportunities within the innovative Runes Protocol primitives.
The launch will be very soon, the project looks like a very decent infrastructure.
◢ More Pre-Runes Projects
Due to the buzz around Runes in the Ordinals community, numerous projects have begun announcing Runes airdrops to holders.
So with support from
@MagicEden
, it's easy monitoring these projects.
A new tab has been added featuring collections that have confirmed they will distribute Runes to holders, all conveniently located in one place.
◢ How capitalize on it:
- Download @XverseApp / @unisat_wallet
- Deposite some $BTC from any CEX
- Buy the pre-runes project on @MEonBTC
- Wait until after the halving to be airdropped a Runes memecoin
Select robust projects that you believe will have enduring strength and ongoing growth.
Following the Runes launch, Ordinals might experience heightened volatility.
Since there are a lot of projects, I've listed a few worthy projects in this list to cut down on your time:
➜ @btcordinal
- Building MMORPG using Ordinals. $ZBIT is their BRC-20 token; will migrate to runes at protocol launch.
➜ @OpalBTC
- Building a robust ecosystem on Bitcoin powered by $BLIF
➜ @InventOnBTC
- Upcoming crowdfunding platform for projects building on Bitcoin
➜ @RuneX_Tech
- Pre-Rune Mining
➜ @lfg
- Building the runes DEX, Mystic runes are coming for $LFG holders.
◢ My thoughts:
The Runes launch presents a fantastic opportunity to engage with a vast new ecosystem.
Pay attention to:
➜ Infrastructure (a crucial aspect of any ecosystem)
➜ Memecoins (key drivers for community growth)
✓ I anticipate strong performance in these two sectors, as fundamentals and memes consistently hold value.
Deciding whether to purchase Ordinals for airdrops is a personal choice.
Keep in mind that this is optional, as numerous strong new projects will be launched on Runes, where you can participate.
I hope you've found this Article helpful.
Follow me @Crypto PM for more.
Like/share the if you can ❤️👍👌
