The Runes protocol provides a new method for issuing fungible tokens on the Bitcoin network. As an alternative to the BRC-20 standard, it is designed to simplify token creation and management while seamlessly integrating with Bitcoin infrastructure. The Runes protocol went live on April 20 and has been a huge success. Hundreds of Runes were minted on the first day. Now that the halving has been completed, the rune hype is getting hotter and hotter. Crypto KOL Rekt Fencer counts 8 runes with “hundred times” potential. It is worth noting. Some projects are already online and some are not yet online and can be viewed through the UniSat or OKX Wallet markets.
PANews Note: This article is intended to provide market information and does not constitute investment advice, DYOR.
Fehu is the first rune etched on Bitcoin.
Rune #2 (Rune No. 2) is supported by NFT project CyberKongz. More details on token economics will be released soon.
Rune #3, will be airdropped to Runestone holder. The Runestone snapshot has been completed at block height 840,269. Each Runestone NFT can receive 889,806 DOG runes airdropped. DOG will be automatically airdropped to the user's wallet in the next few days, and there is no need to apply for it.
Rune #6 is the first Gate to be launched A rune.
Rune #7 is also available on Gate.
Rune #8 has attracted a lot of attention and is also the first project launched on Stakeland.
Rune #9 is powered by OG Binance traders. Tokenomics have been announced so far, with 17.5% allocated to Rune Door holders; 55% allocated to Runestone holders; 5% allocated to holders of both Rune Door and Runestone; 10% reserved for exchanges Listed; 7.5% will be retained for marketing activities and cooperation, etc.
This rune It has attracted attention because its name and legend are based on Casey, the founder of Rune Protocol.
Final Thoughts:
Don’t underestimate the BTC ecosystem. A slew of new projects have emerged over the past year, with more on the way. Bitcoin ETFs, halving, L2 chains, BRC-20, etc. are all shaping the future of the Bitcoin ecosystem. It's still early days for the Bitcoin ecosystem, so getting in now could pay off hugely later.
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