Everything to know about Runestones
Bitcoin Season 2 🌊
Runestone Updates
Runestone Q&A: A Community-Led Initiative
Runestones are garnering increasing hype, and we're currently witnessing Leonidas lead a community effort to airdrop Runestones to participants active within the first year of Ordinals. This initiative aims to reward early adopters and active community members for their contributions. The strategy involves using delegation to minimize costs, making participation accessible to a wider audience. Stay tuned for the upcoming art reveal, and rest assured, the goal remains to keep the process simple, fair, and driven by community values.
Here is the highlights from our Runestones Q&A
Runestones are being airdropped to reward the year one Ordinals community. 112,383 addresses that held 3 non-text inscriptions in their wallet on the one year anniversary of Ordinals will receive a Runestone.
The Runestones will all have the same artwork, there is no rarity or differences between them. The art is around 400KB and uses delegation to display the full image while keeping the on-chain data small.
After the Runestones are dropped, there will be a subsequent airdrop of a "Runes" token to Runestone holders. The token has no utility or roadmap, it is just a community meme coin experiment.
The eligibility for the Runestones has been independently verified by multiple community members to ensure it is fair. The airdrop has no team allocation and is entirely funded by community donations.
The Runestones are meant as a collectible memento and "POAP" for participating in year one of Ordinals. After the Runes token is airdropped, they will just be badges with no further utility planned.
The Runestones inscription drop is planned for very soon, potentially tomorrow or in the next couple days. The Runes token airdrop will come sometime after that, details to be determined by the community.
There is lots of speculation and rumors about partnerships, events, etc tied to Runestones but no official details. The goal is to keep it a simple community experiment.
Bitcoin $1 Trillion Market Cap
Bitcoin has hit a monumental milestone, reaching a $1 trillion market cap. This significant achievement underscores the growing acceptance and valuation of Bitcoin in the financial world. The macro implications of this development could have a positive impact on Ordinals and other crypto assets built on Bitcoin, signaling a bullish future for investors and enthusiasts alike.
Alert: OTC Scam Leads to Loss of 5 BTC
A concerning scam has emerged, with fraudsters impersonating leading figures in the crypto space to swindle 5 BTC in over-the-counter (OTC) deals. This serves as an urgent reminder of the need for vigilance in off-chain communications. To safeguard your assets, consider the use of peer-to-peer (P2P) swaps that offer an extra layer of security against such deceptive practices.
BTC DeGods Outshine Their ETH Counterparts
BTC DeGods are currently valued at three times that of ETH DeGods. This discrepancy not only highlights the robust strength of the Bitcoin ecosystem but also reflects the high level of excitement and engagement from developers and the community. It's an interesting observation that underscores the unique position and potential of Bitcoin-based assets.
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