Kaiser55
vip

The Runecoin team launched an NFT airdrop to boost the use of Ordinals' Runes protocol, a method of creating tokens that promises to make the procedure of inscribing information in Bitcoin more efficient and simpler. The idea behind this launch of Ordinals non-fungible tokens is for lucky people to participate in a game that will allow them to claim rune loot, as tokens that use this technology are known.



According to Runecoin's white paper, the airdrop aimed to distribute 21,000 RSIC (Rune-Specific Enrollment Circuits) enrollments, a type of non-fungible token that was randomly distributed to Ordinals users. Runecoin is described as a peer-to-peer rune assignment system. "RSICs are designed for the sole purpose of securing a bag of runes. These runes will be engraved in our foundry after the rune protocol is launched in bitcoin," says the Runecoin team, which describes the game of creating runes with a "post-industrial" narrative: there is literally one address that manufactures the RSIC, several addresses that distribute them, and then there will be an address to "melt and record" the tokens or runes, as well as many others to distribute them.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)